I have no doubt of that! Their "K" (Kaizen) step-change system was more than a decade old by then, used on previous bikes. Honda didn't make a lot of the engine parts themselves: for example, the cam chain tensioner housings were made by several other companies, the last ones by TEC (Tokyo Electric Corp) and proudly labeled as so. I have a pristine example of that part from a K7. Hitachi, Nippon Denso, Sankyo and TEC all made the SOHC4 alternators at one time or another, and many of the 750 parts I have bought over the years that were not from Honda (like PartsNmore) were Mitsubishi pieces.
Honda did make rings, heads, cylinder castings and some of their bottom-end parts for the 750 at first, but used trans components, oil pumps, chains and pistons made for them by other vendors who did that sort of thing, to Honda's specs. The industrial espionage in Japan back then was incredible, too, but not really against their laws.
By the end of the SOHC4 series, though, Honda was mostly an assembly company, and a monster-sized one of which many smaller operations wanted to be a part. Some of the people involved spun off into their own companies, like CruisinImage's founder (the present owner's grandfather) of Thailand and M/C Rings. I've also heard (not verified, though) that the RIK ring maker's head today is a grandson of one of the piston ring designers at Honda when the CB450 twin was king. I sometimes wonder if that's why they still offer the 1-piece oil ring sets that I use in the pre-K2 (3/72) 750: they are identical to the Honda parts in every measure I've used, and act the same. (Yes, they are heavier and can flutter above 8k RPM to make smoke, but they outlast the 3-piece rings by 2x or more.)