Insurers To Sell $3.1B In Honda Shares In Wake Of Governance Push: Report
Insurers To Sell $3.1B In Honda Shares In Wake Of Governance Push: Report
Four major Japanese property and casualty insurers are reportedly preparing to sell approximately 500 billion yen ($3.1 billion) worth of shares in Honda Motor Co. Ltd. (NYSE:HMC), signaling an accelerated trend of unwinding cross-shareholding practices.
據報道，四家日本主要財產和意外保險公司正準備以約5000億元日元（31億美元）的價格出售本田汽車股份，這標誌着撤消交叉持股慣例的加速趨勢。
Tokio Marine Holdings, Sompo Holdings, and two units of MS&AD Insurance Group Holdings will collectively sell their stakes in Honda, reported Reuters.
東京海上控股、夢洲控股和三菱日本海上火災保險集團的兩個單位將共同出售其在本田的股份，據路透社報道。
Additional financial institutions are also expected to reduce their Honda holdings, bringing the total sale to around 500 billion yen, the report added.
其他金融機構也有望減持本田股份，總銷售額約爲5,000億日元，報告還說。
Honda is poised to formally authorize the insurers to proceed with the sale. The automaker has already committed to repurchasing up to 300 billion yen of its shares within the current fiscal year to mitigate the impact of the insurers' sell-off.
本田將會正式授權這些保險公司繼續出售，在本財政年度內已經承諾回購多達3000億日元的股票，以減輕保險公司拋售的影響。
The insurers, including MS&AD units Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance, have previously pledged to eliminate all cross-shareholding arrangements.
包括三菱日本海上火災保險的三井住友保險和Aioi日本大和保險在內的保險公司之前已承諾要消除所有的交叉持股安排。
As of March, Honda was among the top five companies involved in cross-shareholding with these insurers, except for Aioi Nissay Dowa Insurance.
截至3月，除Aioi日本大和保險外，本田是這些保險公司中涉及交叉持股的前五個公司之一。
The planned sale underscores a broader trend in Japan to unwind cross-shareholding practices, which have been criticized for fostering poor corporate governance by shielding management from shareholder scrutiny.
計劃中的出售凸顯出日本紓解交叉持股慣例的一種更廣泛趨勢，這被批評爲通過保護管理層不受股東審查來培育糟糕的企業治理。
Collectively, the four insurers held over 300 billion yen in Honda shares as of March, with Tokio Marine holding 161 billion yen, Sompo Japan holding 81 billion, Mitsui Sumitomo holding 73 billion, and Aioi Nissay holding 2.8 billion, according to securities filings, which the report noted.
據證券文件指出，截至3月，這四家保險公司共持有超過3000億日元的本田股份，其中東京海上控股持有1610億日元，夢洲日本持有810億日元，三菱日本海上控股持有730億日元，Aioi住友控股持有28億日元，報告指出。
These insurers collectively held around 9 trillion yen in cross-shareholdings, with other significant holdings in companies such as Toyota Motor Corp. (NYSE:TM), Shin-Etsu Chemical Co. Ltd., and Itochu Corp.
這些保險公司在交叉持股中集體持有約9萬億日元的股份，還在豐田汽車公司（紐交所：TM）、信越化學工業株式會社和伊藤忠商事等公司擁有重要的持股。
In December, Japan's Financial Services Agency issued a business improvement order to the four insurers after discovering they had colluded to fix corporate insurance fees.
去年12月，日本金融服務機構在發現這四家保險公司勾結固定企業保險費後曾發佈業務改進命令。
The regulator mandated the reduction of cross-shareholdings, further pressing the insurers to unwind these financial entanglements.
監管機構要求減少交叉持股，進一步促使保險公司解除這些金融糾纏。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本內容部分使用人工智能工具生成，並經Benzinga編輯審核發佈。
Image via Shutterstock
圖片來自shutterstock。
Honda's New Commercial-Use Mini-EV To Hit Japan's Streets In October: Details
本田新的商用迷你電動車將於十月在日本上市：細節