Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Today, along with the announcement of Memorandum of Understanding between <a href="https://www.smartkarma.com/entities/honda-motor-co-ltd" target="_blank" data-smartkarma-citation="entities:154:1" rel="noopener">Honda Motor (7267 JP)</a>, and <a href="https://www.smartkarma.com/entities/nissan-motor-co-ltd" target="_blank" data-smartkarma-citation="entities:72:1" rel="noopener">Nissan Motor (7201 JP)</a> to work towards negotiating a Joint Holding Company by June 2025... </li>
<li>Honda cancelled their existing ¥100bn buyback, and initiated a truly mammoth NEW Buyback - up to 1.1 billion shares (23.7% of TSO), spending up to ¥1.1trln on market through Dec-2025.</li>
<li>Assuming the stock pops, it is probably "only" worth 15-18%, but that's still a LOT. At that rate it boosts BVPS by 8+% on its own, and EPS by 17%.</li>
</ul>


Today, along with the announcement of Memorandum of Understanding between Honda Motor (7267 JP), and Nissan Motor (7201 JP) to work towards negotiating a Joint Holding Company by June 2025... 
Honda cancelled their existing ¥100bn buyback, and initiated a truly mammoth NEW Buyback - up to 1.1 billion shares (23.7% of TSO), spending up to ¥1.1trln on market through Dec-2025.
Assuming the stock pops, it is probably "only" worth 15-18%, but that's still a LOT. At that rate it boosts BVPS by 8+% on its own, and EPS by 17%.


Honda (7267 JP) - MAMMOTH New ¥1.1Trln Stock Buyback

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Honda Motor Co Ltd (Adr) / Equity Bottom-Up

<ul><li>The automotive world is abuzz with speculation following reports that Honda Motor Co. and Nissan Motor Co. are exploring a potential merger.</li><li>This development comes amid mounting industry pressures, including surging competition from Chinese electric vehicle (EV) makers and the relentless expansion of Tesla.</li><li>The possibility of a Honda-Nissan tie-up has sparked market reactions, with Nissan's shares skyrocketing while Honda's stock faced a decline.</li></ul>

The automotive world is abuzz with speculation following reports that Honda Motor Co. and Nissan Motor Co. are exploring a potential merger.This development comes amid mounting industry pressures, including surging competition from Chinese electric vehicle (EV) makers and the relentless expansion of Tesla.The possibility of a Honda-Nissan tie-up has sparked market reactions, with Nissan's shares skyrocketing while Honda's stock faced a decline.

Honda and Nissan’s Bold Merger Plan: Is Foxconn the Wild Card?

<ul><li>Honda Motor Co., Ltd.'s financial results for the first quarter of the fiscal year 2025 offer a complex picture of both achievements and challenges.</li><li>The company reported its highest-ever quarterly operating profit of JPY 484.7 billion, marking a significant year-on-year increase by JPY 90.2 billion.</li><li>This improvement was largely driven by increased unit sales in the motorcycle business in India and Brazil, as well as robust sales of hybrid automobile models in Japan and the United States.</li></ul>

Honda Motor Co., Ltd.'s financial results for the first quarter of the fiscal year 2025 offer a complex picture of both achievements and challenges.The company reported its highest-ever quarterly operating profit of JPY 484.7 billion, marking a significant year-on-year increase by JPY 90.2 billion.This improvement was largely driven by increased unit sales in the motorcycle business in India and Brazil, as well as robust sales of hybrid automobile models in Japan and the United States.

Honda Faces Profit Crunch: Rising Costs vs. Ambitious EV Plans! - Major Drivers

<ul><li>Honda Motor Co., Ltd. recently reported its financial results for the first quarter of fiscal year 2025, marking a period of significant transformation and adaptation in the face of ongoing global economic fluctuations, particularly in the key markets like the U.S., China, and new energy vehicle (NEV) sectors.</li><li>This summary provides a balanced view, underscoring both opportunities and challenges the company faces as it navigates complex market dynamics.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Honda Motor Co., Ltd. recently reported its financial results for the first quarter of fiscal year 2025, marking a period of significant transformation and adaptation in the face of ongoing global economic fluctuations, particularly in the key markets like the U.S., China, and new energy vehicle (NEV) sectors.This summary provides a balanced view, underscoring both opportunities and challenges the company faces as it navigates complex market dynamics.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Honda Motor Company: Will The Much Needed Strategic Shift Towards EVs Finally Pay Off? - Major Drivers

Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Taiwan Semiconductor (TSMC) - ADR / Equity Bottom-Up

<ul>
<li>Rapidus vs. TSMC: Can Japan's Newcomer Compete in the 2nm Race?</li>
<li>Memory Monitor: The Emerging Mass-Market Edge AI Need for Mobiles; Long Micron Vs. Short Nanya Tech </li>
<li>Hon Hai Pauses Nissan Pursuit Amid Honda Talks -- A Japanese Savior for Nissan is Likely But This Confirms Hon Hai's EV Ambitions Remain High</li>
</ul>


Rapidus vs. TSMC: Can Japan's Newcomer Compete in the 2nm Race?
Memory Monitor: The Emerging Mass-Market Edge AI Need for Mobiles; Long Micron Vs. Short Nanya Tech 
Hon Hai Pauses Nissan Pursuit Amid Honda Talks -- A Japanese Savior for Nissan is Likely But This Confirms Hon Hai's EV Ambitions Remain High


Taiwan Tech Weekly: Rapidus's Challenge Vs. TSMC for 2nm; Hon Hai Hunting for Automaker Acquisition

Japan

Honda Motor Co., Ltd. develops, manufactures, and distributes motorcycles, automobiles, and power products such as generators and farm machinery. The Company also operates a financial credit business. Honda Motor has manufacturing facilities in the US, Canada, the UK, France, Italy, Spain, Brazil, Mexico, India, and Thailand.

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Honda Motor (7267 JP)

Honda (7267 JP) - MAMMOTH New ¥1.1Trln Stock Buyback

On the same day that Honda, Nissan, and Mit Motors announce plans to look at joining under a holdco, in Q3 2026, Honda announces a massive new...

Travis Lundy

Honda and Nissan’s Bold Merger Plan: Is Foxconn the Wild Card?

The automotive world is abuzz with speculation following reports that Honda Motor Co. and Nissan Motor Co. are exploring a potential merger. This...

Baptista Research

Honda Faces Profit Crunch: Rising Costs vs. Ambitious EV Plans! - Major Drivers

Honda Motor Co., Ltd.'s financial results for the first quarter of the fiscal year 2025 offer a complex picture of both achievements and...

Baptista Research

Honda Motor Company: Will The Much Needed Strategic Shift Towards EVs Finally Pay Off? - Major Drivers

Honda Motor Co., Ltd. recently reported its financial results for the first quarter of fiscal year 2025, marking a period of significant...

Baptista Research

Taiwan Tech Weekly: Rapidus's Challenge Vs. TSMC for 2nm; Hon Hai Hunting for Automaker Acquisition

Japan's newcomer Rapidus challenges TSMC in the 2nm race; Hon Hai's pursuit of Nissan pauses due to Nissan-Honda talks, but signals Hon Hai's...

Vincent Fernando, CFA

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Market Cap (USDm)

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Honda (7267 JP) - MAMMOTH New ¥1.1Trln Stock Buyback

On the same day that Honda, Nissan, and Mit Motors announce plans to look at joining under a holdco, in Q3 2026, Honda announces a massive new...

Travis Lundy

Honda and Nissan’s Bold Merger Plan: Is Foxconn the Wild Card?

The automotive world is abuzz with speculation following reports that Honda Motor Co. and Nissan Motor Co. are exploring a potential merger. This...

Baptista Research

Honda Faces Profit Crunch: Rising Costs vs. Ambitious EV Plans! - Major Drivers

Honda Motor Co., Ltd.'s financial results for the first quarter of the fiscal year 2025 offer a complex picture of both achievements and...

Baptista Research

Honda Motor Company: Will The Much Needed Strategic Shift Towards EVs Finally Pay Off? - Major Drivers

Honda Motor Co., Ltd. recently reported its financial results for the first quarter of fiscal year 2025, marking a period of significant...

Baptista Research

Taiwan Tech Weekly: Rapidus's Challenge Vs. TSMC for 2nm; Hon Hai Hunting for Automaker Acquisition

​Japan's newcomer Rapidus challenges TSMC in the 2nm race; Hon Hai's pursuit of Nissan pauses due to Nissan-Honda talks, but signals Hon Hai's...

Vincent Fernando, CFA

Japan's newcomer Rapidus challenges TSMC in the 2nm race; Hon Hai's pursuit of Nissan pauses due to Nissan-Honda talks, but signals Hon Hai's...