Honda 2014 Annual Report Download

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Year Ended March 31, 2014
Honda Motor Co., Ltd.
Annual Report 2014

Table of contents

  • Page 1
    Annual Report 2014 Year Ended March 31, 2014 Honda Motor Co., Ltd.

  • Page 2
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 01 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Corporate Profile Honda ...

  • Page 3
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 02 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Honda Corporate Reporting...

  • Page 4
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 03 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Contents 1 The Power of...

  • Page 5
    ... 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Acura TLX The Power of Dreams Dreams inspire us to create innovative products that enhance mobility and benefit society. To meet the particular needs of customers in...

  • Page 6
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 05 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Financial Highlights ...

  • Page 7
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 06 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Financial Highlights ...

  • Page 8
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 07 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Takanobu Ito President & ...

  • Page 9
    ... Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 08 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information During the fiscal year ended...

  • Page 10
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 09 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Motorcycle Business ...

  • Page 11
    ... Ltd. Annual Report 2014 Return to last page opened Go to contents page 10 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Automobile Business Global strategy that...

  • Page 12
    ...To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Power Product and Other Businesses Developing new general-purpose engines for the low-price engine market in emerging countries Honda's power product business, built around...

  • Page 13
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 12 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Return to Shareholders ...

  • Page 14
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 13 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Motorcycle Business ...

  • Page 15
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 14 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 2013 Investor Relations Information (Fiscal years ended ...

  • Page 16
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 15 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Japan Total industry ...

  • Page 17
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 16 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Asia Total demand for ...

  • Page 18
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 17 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 2013 Investor Relations Information (Fiscal years ended ...

  • Page 19
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 18 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Japan Total demand for ...

  • Page 20
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 19 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Asia Total demand for ...

  • Page 21
    ... 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information (Fiscal years ended March 31) Honda Group Unit Sales / Consolidated Unit Sales (Thousands) 2013 2014 2,718 1,500 1,032 314 472 Japan North Europe Asia Other America Regions Note: In power...

  • Page 22
    ... Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 21 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Japan Honda's consolidated...

  • Page 23
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 22 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 2013 Investor Relations Information (Fiscal years ended ...

  • Page 24
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 23 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Corporate Governance: ...

  • Page 25
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 24 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Legal and Regulatory ...

  • Page 26
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 25 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information 4. Honda may be adversely...

  • Page 27
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 26 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information 9. Because of daily price...

  • Page 28
    ... Report 2014 Return to last page opened Go to contents page 27 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Corporate Governance Companies listed on the New York...

  • Page 29
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 28 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Board of Directors, ...

  • Page 30
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 29 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Directors Chairman, ...

  • Page 31
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 30 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Executive Officers ...

  • Page 32
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 31 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Financial Section: ...

  • Page 33
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 32 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Net Income Net income ...

  • Page 34
    ...Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 33 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Revenue from external customers...

  • Page 35
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 34 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Other Regions In Other ...

  • Page 36
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 35 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Power Product and Other ...

  • Page 37
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 36 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Capital Expenditures and ...

  • Page 38
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 37 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Liquidity The ¥1,168.9 ...

  • Page 39
    .... Annual Report 2014 Return to last page opened Go to contents page 38 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information If our estimates of unrecognized tax benefits...

  • Page 40
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 39 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Credit losses are an ...

  • Page 41
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 40 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Additional Narrative of ...

  • Page 42
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 41 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information The following table ...

  • Page 43
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 42 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information respectively, and our ...

  • Page 44
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 43 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Quantitative and ...

  • Page 45
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 44 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information The following tables ...

  • Page 46
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 45 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 2013 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Interest Rate Swaps ...

  • Page 47
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 46 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Consolidated Balance ...

  • Page 48
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 47 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Consolidated Statements ...

  • Page 49
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 48 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Consolidated Statements ...

  • Page 50
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 49 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Consolidated Statements ...

  • Page 51
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 50 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Consolidated Statements ...

  • Page 52
    ...To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Segment Information Honda has four reportable segments: Motorcycle business, Automobile business, Financial services business and Power product and other businesses, which...

  • Page 53
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 52 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Segment Information (...

  • Page 54
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 53 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information External Sales and Other ...

  • Page 55
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 54 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Supplemental Geographical...

  • Page 56
    ...The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Consolidated Balance Sheets Divided into Non-Financial Services Businesses and Finance Subsidiaries March 31, 2013 and 2014...

  • Page 57
    ... Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Consolidated Statements of Cash Flows Divided into Non-Financial Services Businesses and Finance Subsidiaries Fiscal years ended March 31, 2013 and 2014 Non-financial services businesses Finance...

  • Page 58
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 57 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Financial Summary Fiscal ...

  • Page 59
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 58 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Financial Summary (...

  • Page 60
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 59 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Selected Quarterly ...

  • Page 61
    ... Investor Relations Information (As of March 31, 2014) Honda Motor Co., Ltd. Company Information Established Lines of Business Fiscal Year-End Independent Registered Public Accounting Firm Web Site September 24, 1948 Motorcycles, Automobiles, Power Product and Other Businesses, Financial Services...

  • Page 62
    Honda Motor Co., Ltd. Annual Report 2014 Return to last page opened Go to contents page 61 1 The Power of Dreams 2 Financial Highlights 3 To Our Shareholders 4 Review of Operations 5 Corporate Governance 6 Financial Section 7 Investor Relations Information Investor Relations ...