Motherson closes 81% buyout of Japan's Yutaka Giken
What's the deal? Samvardhana Motherson InternationalDealroom has a profile for this one. Try Dealroom → (SMIL) has completed its acquisition of an 81% controlling stake in Japan's Yutaka GikenDealroom has a profile for this one. Try Dealroom → (YGCL). The purchase ran through SMIL's indirect wholly owned subsidiary, Motherson Global Investments B.V., and closed on June 21, 2026.
The players: YGCL, formerly listed on the Tokyo Stock Exchange, is an automotive components maker incorporated in Japan. It holds a 62% stake in Shinnichi KogyoDealroom has a profile for this one. Try Dealroom →, in which SMIL also picked up 11%.
How it worked: Ahead of closing, YGCL bought back shares from Honda Motor. Honda retains the remaining 19% of YGCL post-deal.
Why now? The transaction was first disclosed on August 29, 2025, and closed roughly on schedule against a targeted second-quarter window in the 2026-2027 financial year.
What's the endgame? The deal extends SMIL's footprint in automotive components manufacturing. It gives the company access to YGCL's engineering and operational capacity on a global scale.
The signal: The buyout deepens SMIL's ties to Japanese automakers as it continues acquiring its way to global scale, with Honda staying on as a minority partner.
Read more: Business Upturn
