Honda 2009 Annual Report Download - page 57

In the motorcycle business, we made capital expenditures of
¥90,401 million in the fi scal year ended March 31, 2009. Funds
were allocated to the introduction of new models, as well as the
improvement, streamlining and modernization of production
facilities, and improvement of Sales and R&D facilities. The plan
to consolidate motorcycle production in Japan at the Kumamoto
Factory was completed in August 2008.
In the automobile business, we made capital expenditures of
¥490,760 million in the fi scal year ended March 31, 2009. Funds
were allocated to the introduction of new models, as well as the
improvement, streamlining and modernization of production
facilities, and improvement of Sales and R&D facilities. Honda
Canada Inc., which is one of the Company’s consolidated
subsidiaries, completed construction of its facilities for the
production of engines in September 2008. Honda Manufacturing
of Indiana, LLC and Honda Automobile (Thailand) Co., Ltd.
completed construction of their facilities for the production of
automobiles in October 2008.
In the fi nancial services business segment, capital
expenditures excluding property on operating leases amounted
to ¥1,050 million in the fi scal year ended March 31, 2009, while
capital expenditures for property on operating leases were
¥668,128 million. Capital expenditures in power products and
other businesses in the fi scal year ended March 31, 2009,
totaling ¥16,920 million, were deployed to upgrade, streamline,
and modernize manufacturing facilities for power products, and
to improve R&D facilities for power products.
Plans after Fiscal 2009
We set out our original capital expenditure plans for the period
from the fi scal year ended March 31, 2009 during the
preceding fi scal year. We have subsequently modifi ed these
plans as follows:
The planned timing of the start of operation in 2010 on the
new auto plant in Yorii-machi Osato-gun, Saitama, Japan has
been postponed for more than two years. The planned timing
of the start of operation on a new engine plant in Ogawa-machi
Hiki-gun, Saitama, Japan has not been changed.
The planned timing of the start of operation in 2010 on the
new R&D center in Sakura City, Tochigi, Japan has been
postponed.
The planned timing of the start of operation at the end of
2009 on the new auto plant of Honda Siel Cars India Limited,
which is one of the Company’s consolidated subsidiaries, in
Rajasthan, India has been postponed.
The planned timing of the start of operation in the latter half
of 2010 on the new auto plant capable of synchronous auto
production—from the engine to the entire automobile—of
Yachiyo Industry Co., Ltd., which is one of the Company’s
consolidated subsidiaries, in Yokkaichi City, Mie, Japan has
been postponed for a little over one year.
The estimated amounts of capital expenditures for fi scal year
ending March 31, 2010 are shown below.
Fiscal year ending
March 31, 2010
Yen (millions)
Motorcycle Business ¥ 47,100
Automobile Business 316,900
Financial Services Business 500
Power Product and Other Businesses 25,500
Total ¥390,000
Notes: The estimated amount of capital expenditures for Financial Services Business in
the above table does not include property on operating leases.
Intangible assets are not included in the table above.
0
200
400
600
0908070605
Capital Expenditures and
Depreciation
Years ended March 31
Yen (billions)
Capital Expenditures
Depreciation
Annual Report 2009 55