| 1953 |
Joint venture between Yamatake Keiki and Honeywell launched, with
Yamatake Keiki doubling capital to 24 million yen and Honeywell investing
50 percent in the partnership. Honeywell maintains 50% interest until
1974. |
| 1956 |
Yamatake-Honeywell Keiki is the name of the new company |
| 1966 |
Corporate name changed to Yamatake-Honeywell
Capital increased to 4,200 million yen |
| 1989 / 10 |
Divestment of 16 percent of Yamatake shares by Honeywell |
| 1990 / 3 |
Honeywell divests an additional 9.85 percent of its Yamatake shares,
reduces investment to 24.15 percent, or 20.29 million shares |
| 1990 / 11 |
New Strategic Alliance agreement signed to replace former partnership |
| 1997 / 2 |
Exercise of warrants raises capital to 10,509 million yen. Honeywell
still holds 20.29 million shares, but its interest in the company
falls to 21.67 percent. |
| 1997 / 10 |
Strategic alliance amended to strategic business unit agreements |
| 1998 / 5 |
Ownership of Yamatake shares held by Honeywell is transferred to
its wholly-owned subsidiary, Honeywell Asia Pacific Inc. |
| 1998 / 7 |
Yamatake-Honeywell changed its name to Yamatake Corporation |
| 1999 / 6 |
Honeywell and Allied Signal merge, new corporate name is Honeywell
International Inc. |
| 2000 / 8 |
Stock-for-stock exchange agreement with Yamatake & Co., Ltd. establishes
this trading company as a wholly-owned subsidiary of Yamatake. This
share exchange increases Yamatake's capital to 10,522 million yen
and reduces Honeywell's stake in Yamatake to 21.61 percent. |
| 2000 / 12 |
Share buyback effected by Yamatake with purchase from Honeywell
of 9.3 million Yamatake shares. Honeywell still owns 10.99 million
Yamatake shares, or 12.99 percent stake in Yamatake. |
| 2002 / 7 |
Yamatake repurchases from Honeywell the remaining 10.99 million
shares. The equity relationship between the two companies ends. |
