Soichiro Honda established Honda Motor Co., Ltd., on September 24, 1948, in Itaya-cho, Hamamatsu, with capital of 1 million yen. In October of the following year, Takeo Fujisawa, who became Soichiro Honda's lifetime partner came aboard as managing director. The two aimed to build the company into the world's top motorcycle maker. That goal was realized through the sale of the Super Cub C100 in August 1958, their participation in the Isle of Man TT Race in June 1959, and the opening of Suzuka Factory in April 1960.