6-K 1 d847294d6k.htm FORM 6-K Form 6-K
Table of Contents

No.1-7628

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

FOR THE MONTH OF NOVEMBER 2024

COMMISSION FILE NUMBER: 1-07628

HONDA GIKEN KOGYO KABUSHIKI KAISHA

(Name of registrant)

HONDA MOTOR CO., LTD.

(Translation of registrant’s name into English)

1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo 107-8556, Japan

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

 

 

 


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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

HONDA GIKEN KOGYO KABUSHIKI KAISHA

( HONDA MOTOR CO., LTD. )

/s/ Sumihiro Takahashi

Sumihiro Takahashi
General Manager
Finance Division
Honda Motor Co., Ltd.

Date: November 6, 2024


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Consolidated Financial Results for the Fiscal First Half Year Ended September 30, 2024 (IFRS)

November 6, 2024

 

Company name   : Honda Motor Co., Ltd.
Listing   : Tokyo Stock Exchange
Securities code   : 7267
URL   : https://global.honda/en/investors/
Representative   : Toshihiro Mibe, Director, President and Representative Executive Officer
Inquiries  

: Masao Kawaguchi, Head of Accounting and Finance Supervisory Unit

 Tel. +81-3-3423-1111

Scheduled date to file semi-annual securities report   : November 8, 2024
Scheduled date to commence dividend payments   : December 4, 2024
Supplemental materials prepared for consolidated financial results   : Yes
Holdings of financial results meeting   : Yes

 

(Amounts are rounded to the nearest million yen)

1. Consolidated Financial Results for the Six Months Ended September 30, 2024 (from April 1, 2024 to September 30, 2024)

 

(1) Consolidated operating results (for the six months ended September 30)    (% of change from the same period of the previous fiscal year)

 

    Sales revenue     Operating profit     Profit before
income taxes
    Profit for the period     Profit for the period
attributable to owners
of the parent
    Comprehensive
income for the period
 

Six months ended

    Yen (millions)       %       Yen (millions)       %       Yen (millions)       %       Yen (millions)       %       Yen (millions)       %       Yen (millions)       %  

September 30, 2024

    10,797,613       12.4       742,608       6.6       741,953       -15.6       526,847       -19.4       494,683       -19.7       141,946       -90.4  

September 30, 2023

    9,609,392       18.9       696,573       53.6       879,285       70.5       653,925       77.3       616,301       82.1       1,479,892       11.6  

 

 

Earnings per share attributable

to owners of the parent

- Basic

   

Earnings per share attributable

to owners of the parent

- Diluted

Six months ended

  Yen     Yen

September 30, 2024

  103.25     103.25

September 30, 2023

  124.63     124.63

Explanatory notes:

1.

Basic and diluted earnings per share are calculated based on the profit for the period attributable to owners of the parent.

2.

As of the effective date of October 1, 2023, the Company implemented a three-for-one stock split of its common stock to shareholders as of the record date of September 30, 2023. Basic and diluted earnings per share attributable to owners of the parent are calculated based on the assumption that the stock split had been implemented at the beginning of the previous fiscal year.

(2) Consolidated financial position

 

                                                                                                                                                                               
     Total assets      Total equity      Equity attributable to owners
of the parent
     Ratio of equity attributable to
owners of the parent to
total assets
 

As of

     Yen (millions)         Yen (millions)         Yen (millions)         %  

September 30, 2024

     29,273,879          12,672,556          12,391,444          42.3  

March 31, 2024

     29,774,150          13,005,872          12,696,995          42.6  

2. Dividends

 

                                                                                                                                                                    
     Annual dividends per share  
   First quarter-end      Second quarter-end      Third quarter-end      Fiscal year-end      Total  
     Yen      Yen      Yen      Yen      Yen  

Fiscal year ended March 31, 2024

     —         87.00        —         39.00        —   

Fiscal year ending March 31, 2025

     —         34.00           

Fiscal year ending March 31, 2025 (forecast)

           —         34.00        68.00  

Explanatory notes:

1.

Revisions to the forecast of dividends most recently announced: None

2.

As of the effective date of October 1, 2023, the Company implemented a three-for-one stock split of its common stock to shareholders as of the record date of September 30, 2023. The year-end dividend per share for the fiscal year ended March 31, 2024 is based on the number of shares after the stock split and the total annual dividend is disclosed as “ – ”. Based on the number of shares prior to the stock split, the year-end dividend and the total annual dividend for the fiscal year ended March 31, 2024 are expected to be JPY 117.00 per share and JPY 204.00 per share, respectively.

 

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2025 (from April 1, 2024 to March 31, 2025)

(% of change from the previous fiscal year)

 

     Sales revenue      Operating profit      Profit before
income taxes
     Profit for the year      Profit for the year
attributable to owners
of the parent
     Earnings per share
attributable to owners
of the parent
 
     Yen (millions     %        Yen (millions     %        Yen (millions     %        Yen (millions     %        Yen (millions     %        Yen  

Full-year

     21,000,000       2.8        1,420,000       2.8        1,435,000       -12.6        1,020,000       -13.7        950,000       -14.2        202.00  

Explanatory note:

Revisions to the forecast of consolidated financial results most recently announced: Yes


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*Explanatory notes

(1) Significant changes in the scope of consolidation during the period: None

 

Newly included:    - companies    (Company name: -)
Excluded:    - companies    (Company name: -)

(2) Changes in accounting policies and changes in accounting estimates

 

(i)

   Changes in accounting policies required by IFRS      :      None

(ii)

   Changes in accounting policies due to other reason      :      None

(iii)

   Changes in accounting estimates      :      None

(3) Number of issued shares (common shares)

 

  (i)

Number of issued shares at the end of the period (including treasury stock)

 

As of September 30, 2024    5,280,000,000 shares   
As of March 31, 2024    5,280,000,000 shares   

 

  (ii)

Number of treasury stock at the end of the period

 

As of September 30, 2024    597,435,731 shares   
As of March 31, 2024    451,092,624 shares   

 

  (iii)

Average number of shares outstanding during the period

 

Six months ended September 30, 2024    4,790,956,696 shares   
Six months ended September 30, 2023    4,944,995,695 shares   

As of the effective date of October 1, 2023, the Company implemented a three-for-one stock split of its common stock to shareholders as of the record date of September 30, 2023. Number of issued shares at the end of the period (including treasury stock), number of treasury stock at the end of the period and average number of shares outstanding during the period are calculated based on the assumption that the stock split had been implemented at the beginning of the previous fiscal year.

* This consolidated financial results are exempt from review conducted by certified public accountants or an audit firm.

* Proper use of earning forecasts, and other special matters

This announcement contains “forward-looking statements” as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based on management’s assumptions and beliefs taking into account information currently available to it. Therefore, please be advised that the actual results of the Company could differ materially from those described in these forward-looking statements as a result of numerous factors, including general economic conditions in the principal markets of the Company, its consolidated subsidiaries and its affiliates accounted for by the equity-method, and fluctuation of foreign exchange rates, as well as other factors detailed from time to time. The various factors for increases and decreases in profit have been classified in accordance with a method that Honda considers reasonable.

Honda’s American Depositary Shares are listed and traded on the New York Stock Exchange. One American Depositary Share represents three common shares.

For supplemental materials prepared for consolidated financial results and other information, please refer to Honda’s Investor Relations website (URL https://global.honda/en/investors/).


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TABLE OF CONTENTS

Consolidated Financial Results for the Fiscal First Half Year Ended September 30, 2024

 

Condensed Consolidated Interim Financial Statements and Notes to Condensed Consolidated Interim Financial Statements

     2  

[1] Condensed Consolidated Statements of Financial Position

     2  

[2] Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income

     3  

Condensed Consolidated Statements of Income For the six months ended September 30, 2023 and 2024

     3  

Condensed Consolidated Statements of Comprehensive Income For the six months ended September 30, 2023 and 2024

     4  

[3] Condensed Consolidated Statements of Changes in Equity

     5  

[4] Condensed Consolidated Statements of Cash Flows

     6  

[5] Assumptions for Going Concern

     7  

[6] Notes to Condensed Consolidated Interim Financial Statements

     7  

 

—1—


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Condensed Consolidated Interim Financial Statements and Notes to Condensed Consolidated Interim Financial Statements

[1] Condensed Consolidated Statements of Financial Position

March 31, 2024 and September 30, 2024

 

     Yen (millions)  
     Mar. 31, 2024     Sep. 30, 2024  

Assets

    

Current assets:

    

Cash and cash equivalents

     4,954,565       4,622,289  

Trade receivables

     1,240,090       973,934  

Receivables from financial services

     2,558,594       2,556,602  

Other financial assets

     229,583       345,217  

Inventories

     2,442,969       2,466,403  

Other current assets

     446,763       553,699  
  

 

 

   

 

 

 

Total current assets

     11,872,564       11,518,144  
  

 

 

   

 

 

 

Non-current assets:

    

Investments accounted for using the equity method

     1,206,968       1,193,010  

Receivables from financial services

     5,616,676       5,739,232  

Other financial assets

     968,142       926,554  

Equipment on operating leases

     5,202,768       5,201,844  

Property, plant and equipment

     3,234,413       3,058,780  

Intangible assets

     999,689       1,008,884  

Deferred tax assets

     170,856       139,278  

Other non-current assets

     502,074       488,153  
  

 

 

   

 

 

 

Total non-current assets

     17,901,586       17,755,735  
  

 

 

   

 

 

 

Total assets

     29,774,150       29,273,879  
  

 

 

   

 

 

 

Liabilities and Equity

    

Current liabilities:

    

Trade payables

     1,609,836       1,410,382  

Financing liabilities

     4,105,590       4,227,562  

Accrued expenses

     638,319       581,151  

Other financial liabilities

     340,858       275,816  

Income taxes payable

     157,410       72,307  

Provisions

     566,722       588,174  

Other current liabilities

     904,757       896,089  
  

 

 

   

 

 

 

Total current liabilities

     8,323,492       8,051,481  
  

 

 

   

 

 

 

Non-current liabilities:

    

Financing liabilities

     6,057,967       6,257,401  

Other financial liabilities

     316,919       302,457  

Retirement benefit liabilities

     284,844       286,368  

Provisions

     385,001       351,436  

Deferred tax liabilities

     855,067       795,448  

Other non-current liabilities

     544,988       556,732  
  

 

 

   

 

 

 

Total non-current liabilities

     8,444,786       8,549,842  
  

 

 

   

 

 

 

Total liabilities

     16,768,278       16,601,323  
  

 

 

   

 

 

 

Equity:

    

Common stock

     86,067       86,067  

Capital surplus

     205,073       205,222  

Treasury stock

     (550,808     (775,202

Retained earnings

     10,644,213       10,968,984  

Other components of equity

     2,312,450       1,906,373  
  

 

 

   

 

 

 

Equity attributable to owners of the parent

     12,696,995       12,391,444  

Non-controlling interests

     308,877       281,112  
  

 

 

   

 

 

 

Total equity

     13,005,872       12,672,556  
  

 

 

   

 

 

 

Total liabilities and equity

     29,774,150       29,273,879  
  

 

 

   

 

 

 
  

 

 

   

 

 

 

 

—2—


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[2] Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income

Condensed Consolidated Statements of Income

For the six months ended September 30, 2023 and 2024

 

     Yen (millions)  
     Six months
ended
Sep. 30, 2023
    Six months
ended
Sep. 30, 2024
 

Sales revenue

     9,609,392       10,797,613  

Operating costs and expenses:

    

Cost of sales

     (7,521,751     (8,451,364

Selling, general and administrative

     (986,874     (1,125,099

Research and development

     (404,194     (478,542
  

 

 

   

 

 

 

Total operating costs and expenses

     (8,912,819     (10,055,005
  

 

 

   

 

 

 

Operating profit

     696,573       742,608  
  

 

 

   

 

 

 

Share of profit (loss) of investments accounted for using the equity method

     66,724       (20,759

Finance income and finance costs:

    

Interest income

     77,845       100,693  

Interest expense

     (19,895     (24,996

Other, net

     58,038       (55,593
  

 

 

   

 

 

 

Total finance income and finance costs

     115,988       20,104  
  

 

 

   

 

 

 

Profit before income taxes

     879,285       741,953  

Income tax expense

     (225,360     (215,106
  

 

 

   

 

 

 

Profit for the period

     653,925       526,847  
  

 

 

   

 

 

 

Profit for the period attributable to:

    

Owners of the parent

     616,301       494,683  

Non-controlling interests

     37,624       32,164  
     Yen  

Earnings per share attributable to owners of the parent

    

Basic and diluted

     124.63       103.25  

 

—3—


Table of Contents

Condensed Consolidated Statements of Comprehensive Income

For the six months ended September 30, 2023 and 2024

 

     Yen (millions)  
     Six months
ended

Sep. 30, 2023
    Six months
ended

Sep. 30, 2024
 

Profit for the period

     653,925       526,847  

Other comprehensive income, net of tax:

    

Items that will not be reclassified to profit or loss

    

Remeasurements of defined benefit plans

     4       (1

Net changes in revaluation of financial assets measured at fair value through other comprehensive income

     753       10,627  

Share of other comprehensive income of investments accounted for using the equity method

     5,280       (5,134

Items that may be reclassified subsequently to profit or loss

    

Net changes in revaluation of financial assets measured at fair value through other comprehensive income

     (429     650  

Exchange differences on translating foreign operations

     768,426       (409,590

Share of other comprehensive income of investments accounted for using the equity method

     51,933       18,547  
  

 

 

   

 

 

 

Total other comprehensive income, net of tax

     825,967       (384,901
  

 

 

   

 

 

 

Comprehensive income for the period

     1,479,892       141,946  
  

 

 

   

 

 

 

Comprehensive income for the period attributable to:

    

Owners of the parent

     1,424,586       107,112  

Non-controlling interests

     55,306       34,834  

 

—4—


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[3] Condensed Consolidated Statements of Changes in Equity

For the six months ended September 30, 2023

 

    Yen (millions)  
    Equity attributable to owners of the parent     Non-controlling
interests
    Total
equity
 
    Common
stock
    Capital
surplus
    Treasury
stock
    Retained
earnings
    Other
components
of equity
    Total  

Balance as of April 1, 2023

    86,067       185,589       (484,931     9,980,128       1,417,397       11,184,250       318,041       11,502,291  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Comprehensive income for the period

               

Profit for the period

          616,301         616,301       37,624       653,925  

Other comprehensive income, net of tax

            808,285       808,285       17,682       825,967  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total comprehensive income for the period

          616,301       808,285       1,424,586       55,306       1,479,892  

Reclassification to retained earnings

          375       (375     —          —   

Transactions with owners and other

               

Dividends paid

          (99,915       (99,915     (59,549     (159,464

Purchases of treasury stock

        (145,009         (145,009       (145,009

Disposal of treasury stock

        394           394         394  

Share-based payment transactions

      (131           (131       (131
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total transactions with owners and other

      (131     (144,615     (99,915       (244,661     (59,549     (304,210
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance as of September 30, 2023

     86,067        185,458       (629,546     10,496,889       2,225,307       12,364,175        313,798       12,677,973  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

For the six months ended September 30, 2024

 

    Yen (millions)  
    Equity attributable to owners of the parent     Non-controlling
interests
    Total
equity
 
    Common
stock
    Capital
surplus
    Treasury
stock
    Retained
earnings
    Other
components
of equity
    Total  

Balance as of April 1, 2024

    86,067       205,073       (550,808     10,644,213       2,312,450       12,696,995       308,877       13,005,872  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Comprehensive income for the period

               

Profit for the period

          494,683         494,683       32,164       526,847  

Other comprehensive income, net of tax

            (387,571     (387,571     2,670       (384,901
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total comprehensive income for the period

          494,683       (387,571     107,112       34,834       141,946  

Reclassification to retained earnings

          18,506       (18,506     —          —   

Transactions with owners and other

               

Dividends paid

          (188,418       (188,418     (62,599     (251,017

Purchases of treasury stock

        (224,716         (224,716       (224,716

Disposal of treasury stock

        322           322         322  

Share-based payment transactions

      149             149         149  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total transactions with owners and other

      149       (224,394     (188,418       (412,663     (62,599     (475,262
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance as of September 30, 2024

     86,067        205,222       (775,202     10,968,984       1,906,373       12,391,444        281,112       12,672,556  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

—5—


Table of Contents

[4] Condensed Consolidated Statements of Cash Flows

For the six months ended September 30, 2023 and 2024

 

     Yen (millions)  
     Six months
ended

Sep. 30, 2023
    Six months
ended

Sep. 30, 2024
 

Cash flows from operating activities:

    

Profit before income taxes

     879,285       741,953  

Depreciation, amortization and impairment losses excluding equipment on
operating leases

     373,775       366,806  

Share of (profit) loss of investments accounted for using the equity method

     (66,724     20,759  

Finance income and finance costs, net

     (92,349     (37,677

Interest income and interest costs from financial services, net

     (75,284     (84,567

Changes in assets and liabilities

    

Trade receivables

     24,114       245,994  

Inventories

     (905     (128,762

Trade payables

     (69,898     (50,094

Accrued expenses

     (16,454     (45,638

Provisions and retirement benefit liabilities

     65,507       46,916  

Receivables from financial services

     (728,165     (578,916

Equipment on operating leases

     95,596       (260,142

Other assets and liabilities

     6,255       (82,529

Other, net

     (44,023     12,942  

Dividends received

     126,630       81,233  

Interest received

     255,998       362,299  

Interest paid

     (110,717     (213,162

Income taxes paid, net of refunds

     (242,689     (328,724
  

 

 

   

 

 

 

Net cash provided by operating activities

     379,952       68,691  

Cash flows from investing activities:

    

Payments for additions to property, plant and equipment

     (141,404     (222,043

Payments for additions to and internally developed intangible assets

     (97,504     (142,576

Proceeds from sales of property, plant and equipment and intangible assets

     4,239       2,058  

Proceeds from sales of subsidiaries, net of cash and cash equivalents disposed of

     (2,940     —   

Payments for acquisitions of investments accounted for using the equity method

     (38,734     (60,047

Proceeds from sales of investments accounted for using the equity method

     —        8,858  

Payments for acquisitions of other financial assets

     (118,990     (249,330

Proceeds from sales and redemptions of other financial assets

     106,207       143,974  
  

 

 

   

 

 

 

Net cash used in investing activities

     (289,126     (519,106

Cash flows from financing activities:

    

Proceeds from short-term financing liabilities

     6,065,976       4,282,239  

Repayments of short-term financing liabilities

     (5,805,967     (4,188,493

Proceeds from long-term financing liabilities

     1,498,319       1,840,856  

Repayments of long-term financing liabilities

     (1,185,750     (1,120,027

Dividends paid to owners of the parent

     (99,915     (188,418

Dividends paid to non-controlling interests

     (45,228     (46,947

Purchases and sales of treasury stock, net

     (144,615     (224,394

Repayments of lease liabilities

     (39,773     (37,215
  

 

 

   

 

 

 

Net cash provided by financing activities

     243,047       317,601  

Effect of exchange rate changes on cash and cash equivalents

     303,626       (199,462
  

 

 

   

 

 

 

Net change in cash and cash equivalents

     637,499       (332,276

Cash and cash equivalents at beginning of year

     3,803,014       4,954,565  
  

 

 

   

 

 

 

Cash and cash equivalents at end of period

     4,440,513       4,622,289  
  

 

 

   

 

 

 

 

—6—


Table of Contents

[5] Assumptions for Going Concern

None

[6] Notes to Condensed Consolidated Interim Financial Statements

[A] Segment Information

Based on Honda’s organizational structure and characteristics of products and services, Honda discloses segment information in four categories: Reportable segments of Motorcycle business, Automobile business and Financial services business, and other segments that are not reportable. The other segments are combined and disclosed in Power products and other businesses. Segment information is based on the components of Honda for which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The accounting policies used for segment information are consistent with the accounting policies used in the Company’s condensed consolidated interim financial statements.

Principal products and services, and functions of each segment are as follows:

 

Segment

 

Principal products and services

 

Functions

Motorcycle Business

  Motorcycles, all-terrain vehicles (ATVs), side-by-sides (SxS) and relevant parts  

Research and development

Manufacturing

Sales and related services

Automobile Business

  Automobiles and relevant parts  

Research and development

Manufacturing

Sales and related services

Financial Services Business

  Financial services  

Retail loan and lease related to Honda products

Others

Power Products and Other Businesses

  Power products and relevant parts,
and others
 

Research and development

Manufacturing
Sales and related services

Others

 

—7—


Table of Contents

Segment information based on products and services

As of and for the six months ended September 30, 2023

 

                                                                                                                                                  
     Yen (millions)  
     Motorcycle
Business
     Automobile
Business
     Financial
Services
Business
     Power Products
and Other
Businesses
     Segment
Total
     Reconciling
Items
    Consolidated  

Sales revenue:

                   

External customers

     1,572,558        6,262,289        1,576,608        197,937        9,609,392        —        9,609,392  

Intersegment

     —         84,816        1,256        16,387        102,459        (102,459     —   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

Total

     1,572,558        6,347,105        1,577,864        214,324        9,711,851        (102,459     9,609,392  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

Segment profit (loss)

     253,384        301,380        137,002        4,807        696,573        —        696,573  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

Segment assets

     1,803,540        10,962,398        12,977,324        511,240        26,254,502        1,422,101       27,676,603  

Depreciation and amortization

     34,486        328,359        415,578        8,592        787,015        —        787,015  

Capital expenditures

     26,781        233,741        1,115,856        6,036        1,382,414        —        1,382,414  

As of and for the six months ended September 30, 2024

 

                                                                                                                                                  
     Yen (millions)  
     Motorcycle
Business
     Automobile
Business
     Financial
Services
Business
     Power Products
and Other
Businesses
    Segment
Total
     Reconciling
Items
    Consolidated  

Sales revenue:

                  

External customers

     1,810,786        6,987,551        1,811,879        187,397       10,797,613        —        10,797,613  

Intersegment

     —         142,974        2,639        15,846       161,459        (161,459     —   
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Total

     1,810,786        7,130,525        1,814,518        203,243       10,959,072        (161,459     10,797,613  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Segment profit (loss)

     325,852        258,037        162,707        (3,988     742,608        —        742,608  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Segment assets

     2,027,742        11,357,893        14,236,061        540,716       28,162,412        1,111,467       29,273,879  

Depreciation and amortization

     35,855        319,282        431,182        8,030       794,349        —        794,349  

Capital expenditures

     28,702        295,368        1,571,614        5,161       1,900,845        —        1,900,845  

Explanatory notes:

1.

Intersegment sales revenues are generally made at values that approximate arm’s-length prices.

2.

Reconciling items include elimination of intersegment transactions and balances as well as unallocated corporate assets. Unallocated corporate assets, included in reconciling items as of September 30, 2023 and 2024 amounted to JPY 1,605,913 million and JPY 1,399,039 million, respectively, which consist primarily of the Company’s cash and cash equivalents and financial assets measured at fair value through other comprehensive income.

 

—8—


Table of Contents

[B] Subsequent Event

Acquisition of the Company’s Own Shares

The Board of Directors of the Company, at its meeting held on November 6, 2024, resolved that the Company will acquire its own shares pursuant to Article 459, Paragraph 1 of the Company Law and Article 36 of the Company’s Articles of Incorporation.

 

1.

Reason for acquisition of own shares

The Company will acquire its own shares for the purpose, among others, of improving efficiency of its capital structure and implementing a flexible capital strategy.

 

2.

Details of the acquisition

 

  (1)

Class of shares to be acquired:

Shares of common stock

 

  (2)

Total number of shares to be acquired:

Up to 70,000,000 shares (1.5 % of total number of issued shares (excluding treasury stock))

 

  (3)

Total amount of shares to be acquired:

Up to 100,000 million yen

 

  (4)

Period of acquisition:

Starting on November 7, 2024 and ending on October 31, 2025

 

  (5)

Method of acquisition:

Market purchases on the Tokyo Stock Exchange

 

  1.

Purchases through the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (ToSTNeT-3)

 

  2.

Market purchases based on a discretionary trading contract regarding acquisition of own shares

[C] Other

Loss related to airbag inflators

Honda has been conducting market-based measures in relation to airbag inflators. Honda recognizes a provision for specific warranty costs when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. There is a possibility that Honda will need to recognize additional provisions when new evidence related to the product recalls arise, however, it is not possible for Honda to reasonably estimate the amount and timing of potential future losses as of the date of this report.

 

—9—


Table of Contents

[Translation]

November 6, 2024

 

To:

Shareholders of Honda Motor Co., Ltd.

From:

Honda Motor Co., Ltd.

1-1, Minami-Aoyama 2-chome,

Minato-ku, Tokyo, 107-8556

Toshihiro Mibe

Director, President and Representative Executive Officer

Notice Concerning Acquisition of the Company’s Own Shares

(Acquisition of the Company’s own shares pursuant to the Articles of Incorporation of the Company

in accordance with Article 459, Paragraph 1 of the Company Law)

The Board of Directors of Honda Motor Co., Ltd. (the “Company”), at its meeting held on November 6, 2024, resolved that the Company will acquire its own shares pursuant to Article 459, Paragraph 1 of the Company Law and Article 36 of the Company’s Articles of Incorporation.

Particulars

 

1.

Reason for acquisition of own shares

The Company will acquire its own shares for the purpose, among others, of improving efficiency of its capital structure and implementing a flexible capital strategy.

 

2.

Details of the acquisition

 

  (1)

Class of shares to be acquired:

Shares of common stock

 

  (2)

Total number of shares to be acquired:

Up to 70,000,000 shares (1.5 % of total number of issued shares (excluding treasury stock))

 

  (3)

Total amount of shares to be acquired:

Up to 100 billion yen

 

  (4)

Period of acquisition:

Starting on November 7, 2024 and ending on October 31, 2025

 

  (5)

Method of acquisition:

Market purchases on the Tokyo Stock Exchange

 

  1.

Purchases through the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (ToSTNeT-3)

 

  2.

Market purchases based on a discretionary trading contract regarding acquisition of own shares

 

Reference:   

The Company’s treasury stock held as of September 30, 2024

  
  

Total number of issued shares (excluding treasury stock):

     4,682,564,269 shares  
  

Total number of treasury stock:

     597,435,731 shares