Honda 2009 Annual Report Download - page 18

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Returning Profit to Shareholders
Honda strives to conduct its business from a global perspective and to increase
its corporate value. We consider the allocation of profits to shareholders to be
one of our most important management responsibilities. Our basic policy for
dividends is to make distributions after taking into account our long-term
consolidated earnings performance. Honda also acquires its own shares with
optimal timing with the goal of improving the efficiency of its capital structure.
For fiscal 2009, Honda set a year-end cash dividend of ¥8 per share,
bringing total cash dividends for the fiscal year to ¥63 per share. This dividend
comprised ¥22 per share for the first quarter, ¥22 per share for the second
quarter, ¥11 per share for the third quarter, and the previously mentioned year-
end dividend of ¥8 per share.
For the fiscal year ending March 31, 2010, we plan to pay quarterly
dividends of ¥8 per share, or ¥32 per share for the full year.
We will continue to do our utmost to meet the expectations of our
shareholders.
Honda is a company where each and every member of management and the
organization sets challenging objectives, works to realize the dream of
providing joy to Honda customers as well as realizing his or her potential, and,
while setting a course for a better tomorrow, wants to help shape the future
through innovation and growth.
Our overriding desire is to be a company that society wants to exist. In the
years to come, as in years past, we will continue to meet the challenges of
innovation and creativity and, motivated by “The Power of Dreams,” respond to
the expectations of society, giving our customers enjoyment, inspiration, and
satisfaction.
Annual Report 2009
16
To Our Shareholders