Honda Corporate Update - 2019 Winter - Honda Global€¦ · Honda Corporate Update ... Global automobile production changes. Profit before income taxes. 979.3. Profit before income
The impact related to the spread of novel coronavirus infections is not reflected to the forecasts for the FY20 4
和文
英文
二
FY19Results
FY20Forecast Change
Motorcycles 20238 19900 - 17 -
Automobiles 5323 4980 - 64 + 5
Life Creation 6301 6000 - 48 - 270
Honda GroupUnit Sales
YTD Changefrom
previousforecast(thousand)
amount
Sales revenue 158886 151500 - 7386 - 46 + 1000
Operating profit 7263 7300 + 36 + 05 + 400
Operating margin 46 48 + 02pt + 02pt
Share of profit of investments accounted for using the equity method 2288 2100 - 188 - 82 -
Profit before income taxes 9793 9400 - 393 - 40 + 350
Profit for the year attributable to owners of the parent 6103 5950 - 153 - 25 + 200
Earnings per share attributable to owners of the parent (Yen) 34599 33964 - 635 + 1000
Market average rates (Yen)
Financial ResultsChange Change from
previousforecast
US Dollar 111 - 3 + 1108
FY19Results
FY20ForecastYen (billion)
FY20 Financial Forecast (Consolidated)
AutomobilesIncreased from previous forecast due mainly to strong sales of N-BOX and Freed in Japan
Plan to exceed the previous yearrsquos profit by steadily implement initiatives to improve profitability
Despite the currency effects the worsening economy in India and a decrease in sales in Japan due to the effects of parts supply restrictions
Operating profit
Decreased from previous forecast due mainly to OEM engine for lawn mowersales decline in North America and Europe
Life Creation
The impact related to the spread of novel coronavirus infections is not reflected to the forecasts for the FY20 5
和文
（千台）
英文
(thousand)
和文
英文
Yen (billion)
7263 7300- 1400- 160
+ 1340+ 1180 - 1230
FY20 Forecast Change in Operating Profit
+ 306
FY20Forecast
Operating Profit + 36 ( + 05 )
Global automobileproduction
changes
Profit beforeincome taxes
9793Profit beforeincome taxes
9400- 393
(- 40 )
- Operating Profit- Share of profit of investments
accounted for using the equity method- Finance income and finance costs
+ 36
- 188- 241
Yen (billion)
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA Currencyeffects
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 255- 85
- 100
- 190- 600
FY19Results
6
1st Quarter End 27 28 + 1 -
2nd Quarter End 28 28 - -
3rd Quarter End 28 28 - -
4th Quarter End 28 (28) ( - ) ( - )
Fiscal Year 111 (112) (+ 1) ( - )
Dividend per Share FY19 FY20(Expectation)
Change frompreviousforecast
Increase Decrease
from FY19（Yen）
Dividend
7
和文
（円）
英文
（Yen）
Change in the companyrsquos shareholdersrsquo return policy
【Purpose for the change】Further improving the Companyrsquos capital strategy
【Points of the change】
Goal to maintain a shareholdersrsquo return ratio
of approximately 30
Goal to realize a return ratio alone of
approximately 30
Acquisition of the Companyrsquos own shares at a timing that it deems optimal
With respect to the redistribution of profits to its shareholders the Companyrsquos basic policy is to determine such distributions after taking into account among others its retained earnings for future growth and consolidated earnings performance basedon a long-term perspective
8
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
9
Strengthening automobile business structure
Strengthening global models and regional models
Global Models
Regional Models
Global models 60
Regional Models40
2018 of global sales unit
10
Strengthening automobile business structure
Evolution of vehicle developmentIntroduction of ldquoHonda Architecturerdquo
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Dividend per Share
FY19
FY20(Expectation)
Increase Decreasefrom FY19
Change from previous forecast
1st Quarter End
27
28
+ 1
-
2nd Quarter End
28
28
-
-
3rd Quarter End
28
28
-
-
4th Quarter End
28
(28)
( - )
( - )
Fiscal Year
111
(112)
(+ 1)
( - )
１株当たり配当金 カブ ア ハイトウキン
2018年度 ネン ド
2019年度（予想） ネン ド ヨソウ
対2018年度増減額
前回見通しからの増減額 ゼンカイ ミトオ
第１四半期末配当金 ダイ シハンキ マツ ハイトウキン
27
28
+ 1
-
第２四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
第３四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
期末配当金 キマツ ハイトウキン
28
(28)
( - )
( - )
年間配当金 ネンカン ハイトウキン
111
(112)
(+ 1)
( - )
Financial Results
FY19Results
FY20Forecast
Change
Change frompreviousforecast
amount
Sales revenue
158886
151500
- 7386
- 46
+ 1000
Operating profit
7263
7300
+ 36
+ 05
+ 400
Operating margin
46
48
+ 02pt
+ 02pt
Share of profit of investments accounted for using the equity method
2288
2100
- 188
- 82
-
Profit before income taxes
9793
9400
- 393
- 40
+ 350
Profit for the year attributable to owners of the parent
6103
5950
- 153
- 25
+ 200
Earnings per share attributable to owners of the parent (Yen)
The impact related to the spread of novel coronavirus infections is not reflected to the forecasts for the FY20 4
和文
英文
二
FY19Results
FY20Forecast Change
Motorcycles 20238 19900 - 17 -
Automobiles 5323 4980 - 64 + 5
Life Creation 6301 6000 - 48 - 270
Honda GroupUnit Sales
YTD Changefrom
previousforecast(thousand)
amount
Sales revenue 158886 151500 - 7386 - 46 + 1000
Operating profit 7263 7300 + 36 + 05 + 400
Operating margin 46 48 + 02pt + 02pt
Share of profit of investments accounted for using the equity method 2288 2100 - 188 - 82 -
Profit before income taxes 9793 9400 - 393 - 40 + 350
Profit for the year attributable to owners of the parent 6103 5950 - 153 - 25 + 200
Earnings per share attributable to owners of the parent (Yen) 34599 33964 - 635 + 1000
Market average rates (Yen)
Financial ResultsChange Change from
previousforecast
US Dollar 111 - 3 + 1108
FY19Results
FY20ForecastYen (billion)
FY20 Financial Forecast (Consolidated)
AutomobilesIncreased from previous forecast due mainly to strong sales of N-BOX and Freed in Japan
Plan to exceed the previous yearrsquos profit by steadily implement initiatives to improve profitability
Despite the currency effects the worsening economy in India and a decrease in sales in Japan due to the effects of parts supply restrictions
Operating profit
Decreased from previous forecast due mainly to OEM engine for lawn mowersales decline in North America and Europe
Life Creation
The impact related to the spread of novel coronavirus infections is not reflected to the forecasts for the FY20 5
和文
（千台）
英文
(thousand)
和文
英文
Yen (billion)
7263 7300- 1400- 160
+ 1340+ 1180 - 1230
FY20 Forecast Change in Operating Profit
+ 306
FY20Forecast
Operating Profit + 36 ( + 05 )
Global automobileproduction
changes
Profit beforeincome taxes
9793Profit beforeincome taxes
9400- 393
(- 40 )
- Operating Profit- Share of profit of investments
accounted for using the equity method- Finance income and finance costs
+ 36
- 188- 241
Yen (billion)
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA Currencyeffects
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 255- 85
- 100
- 190- 600
FY19Results
6
1st Quarter End 27 28 + 1 -
2nd Quarter End 28 28 - -
3rd Quarter End 28 28 - -
4th Quarter End 28 (28) ( - ) ( - )
Fiscal Year 111 (112) (+ 1) ( - )
Dividend per Share FY19 FY20(Expectation)
Change frompreviousforecast
Increase Decrease
from FY19（Yen）
Dividend
7
和文
（円）
英文
（Yen）
Change in the companyrsquos shareholdersrsquo return policy
【Purpose for the change】Further improving the Companyrsquos capital strategy
【Points of the change】
Goal to maintain a shareholdersrsquo return ratio
of approximately 30
Goal to realize a return ratio alone of
approximately 30
Acquisition of the Companyrsquos own shares at a timing that it deems optimal
With respect to the redistribution of profits to its shareholders the Companyrsquos basic policy is to determine such distributions after taking into account among others its retained earnings for future growth and consolidated earnings performance basedon a long-term perspective
8
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
9
Strengthening automobile business structure
Strengthening global models and regional models
Global Models
Regional Models
Global models 60
Regional Models40
2018 of global sales unit
10
Strengthening automobile business structure
Evolution of vehicle developmentIntroduction of ldquoHonda Architecturerdquo
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Dividend per Share
FY19
FY20(Expectation)
Increase Decreasefrom FY19
Change from previous forecast
1st Quarter End
27
28
+ 1
-
2nd Quarter End
28
28
-
-
3rd Quarter End
28
28
-
-
4th Quarter End
28
(28)
( - )
( - )
Fiscal Year
111
(112)
(+ 1)
( - )
１株当たり配当金 カブ ア ハイトウキン
2018年度 ネン ド
2019年度（予想） ネン ド ヨソウ
対2018年度増減額
前回見通しからの増減額 ゼンカイ ミトオ
第１四半期末配当金 ダイ シハンキ マツ ハイトウキン
27
28
+ 1
-
第２四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
第３四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
期末配当金 キマツ ハイトウキン
28
(28)
( - )
( - )
年間配当金 ネンカン ハイトウキン
111
(112)
(+ 1)
( - )
Financial Results
FY19Results
FY20Forecast
Change
Change frompreviousforecast
amount
Sales revenue
158886
151500
- 7386
- 46
+ 1000
Operating profit
7263
7300
+ 36
+ 05
+ 400
Operating margin
46
48
+ 02pt
+ 02pt
Share of profit of investments accounted for using the equity method
2288
2100
- 188
- 82
-
Profit before income taxes
9793
9400
- 393
- 40
+ 350
Profit for the year attributable to owners of the parent
6103
5950
- 153
- 25
+ 200
Earnings per share attributable to owners of the parent (Yen)
The impact related to the spread of novel coronavirus infections is not reflected to the forecasts for the FY20 4
和文
英文
二
FY19Results
FY20Forecast Change
Motorcycles 20238 19900 - 17 -
Automobiles 5323 4980 - 64 + 5
Life Creation 6301 6000 - 48 - 270
Honda GroupUnit Sales
YTD Changefrom
previousforecast(thousand)
amount
Sales revenue 158886 151500 - 7386 - 46 + 1000
Operating profit 7263 7300 + 36 + 05 + 400
Operating margin 46 48 + 02pt + 02pt
Share of profit of investments accounted for using the equity method 2288 2100 - 188 - 82 -
Profit before income taxes 9793 9400 - 393 - 40 + 350
Profit for the year attributable to owners of the parent 6103 5950 - 153 - 25 + 200
Earnings per share attributable to owners of the parent (Yen) 34599 33964 - 635 + 1000
Market average rates (Yen)
Financial ResultsChange Change from
previousforecast
US Dollar 111 - 3 + 1108
FY19Results
FY20ForecastYen (billion)
FY20 Financial Forecast (Consolidated)
AutomobilesIncreased from previous forecast due mainly to strong sales of N-BOX and Freed in Japan
Plan to exceed the previous yearrsquos profit by steadily implement initiatives to improve profitability
Despite the currency effects the worsening economy in India and a decrease in sales in Japan due to the effects of parts supply restrictions
Operating profit
Decreased from previous forecast due mainly to OEM engine for lawn mowersales decline in North America and Europe
Life Creation
The impact related to the spread of novel coronavirus infections is not reflected to the forecasts for the FY20 5
和文
（千台）
英文
(thousand)
和文
英文
Yen (billion)
7263 7300- 1400- 160
+ 1340+ 1180 - 1230
FY20 Forecast Change in Operating Profit
+ 306
FY20Forecast
Operating Profit + 36 ( + 05 )
Global automobileproduction
changes
Profit beforeincome taxes
9793Profit beforeincome taxes
9400- 393
(- 40 )
- Operating Profit- Share of profit of investments
accounted for using the equity method- Finance income and finance costs
+ 36
- 188- 241
Yen (billion)
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA Currencyeffects
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 255- 85
- 100
- 190- 600
FY19Results
6
1st Quarter End 27 28 + 1 -
2nd Quarter End 28 28 - -
3rd Quarter End 28 28 - -
4th Quarter End 28 (28) ( - ) ( - )
Fiscal Year 111 (112) (+ 1) ( - )
Dividend per Share FY19 FY20(Expectation)
Change frompreviousforecast
Increase Decrease
from FY19（Yen）
Dividend
7
和文
（円）
英文
（Yen）
Change in the companyrsquos shareholdersrsquo return policy
【Purpose for the change】Further improving the Companyrsquos capital strategy
【Points of the change】
Goal to maintain a shareholdersrsquo return ratio
of approximately 30
Goal to realize a return ratio alone of
approximately 30
Acquisition of the Companyrsquos own shares at a timing that it deems optimal
With respect to the redistribution of profits to its shareholders the Companyrsquos basic policy is to determine such distributions after taking into account among others its retained earnings for future growth and consolidated earnings performance basedon a long-term perspective
8
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
9
Strengthening automobile business structure
Strengthening global models and regional models
Global Models
Regional Models
Global models 60
Regional Models40
2018 of global sales unit
10
Strengthening automobile business structure
Evolution of vehicle developmentIntroduction of ldquoHonda Architecturerdquo
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Dividend per Share
FY19
FY20(Expectation)
Increase Decreasefrom FY19
Change from previous forecast
1st Quarter End
27
28
+ 1
-
2nd Quarter End
28
28
-
-
3rd Quarter End
28
28
-
-
4th Quarter End
28
(28)
( - )
( - )
Fiscal Year
111
(112)
(+ 1)
( - )
１株当たり配当金 カブ ア ハイトウキン
2018年度 ネン ド
2019年度（予想） ネン ド ヨソウ
対2018年度増減額
前回見通しからの増減額 ゼンカイ ミトオ
第１四半期末配当金 ダイ シハンキ マツ ハイトウキン
27
28
+ 1
-
第２四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
第３四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
期末配当金 キマツ ハイトウキン
28
(28)
( - )
( - )
年間配当金 ネンカン ハイトウキン
111
(112)
(+ 1)
( - )
Financial Results
FY19Results
FY20Forecast
Change
Change frompreviousforecast
amount
Sales revenue
158886
151500
- 7386
- 46
+ 1000
Operating profit
7263
7300
+ 36
+ 05
+ 400
Operating margin
46
48
+ 02pt
+ 02pt
Share of profit of investments accounted for using the equity method
2288
2100
- 188
- 82
-
Profit before income taxes
9793
9400
- 393
- 40
+ 350
Profit for the year attributable to owners of the parent
6103
5950
- 153
- 25
+ 200
Earnings per share attributable to owners of the parent (Yen)
The impact related to the spread of novel coronavirus infections is not reflected to the forecasts for the FY20 4
和文
英文
二
FY19Results
FY20Forecast Change
Motorcycles 20238 19900 - 17 -
Automobiles 5323 4980 - 64 + 5
Life Creation 6301 6000 - 48 - 270
Honda GroupUnit Sales
YTD Changefrom
previousforecast(thousand)
amount
Sales revenue 158886 151500 - 7386 - 46 + 1000
Operating profit 7263 7300 + 36 + 05 + 400
Operating margin 46 48 + 02pt + 02pt
Share of profit of investments accounted for using the equity method 2288 2100 - 188 - 82 -
Profit before income taxes 9793 9400 - 393 - 40 + 350
Profit for the year attributable to owners of the parent 6103 5950 - 153 - 25 + 200
Earnings per share attributable to owners of the parent (Yen) 34599 33964 - 635 + 1000
Market average rates (Yen)
Financial ResultsChange Change from
previousforecast
US Dollar 111 - 3 + 1108
FY19Results
FY20ForecastYen (billion)
FY20 Financial Forecast (Consolidated)
AutomobilesIncreased from previous forecast due mainly to strong sales of N-BOX and Freed in Japan
Plan to exceed the previous yearrsquos profit by steadily implement initiatives to improve profitability
Despite the currency effects the worsening economy in India and a decrease in sales in Japan due to the effects of parts supply restrictions
Operating profit
Decreased from previous forecast due mainly to OEM engine for lawn mowersales decline in North America and Europe
Life Creation
The impact related to the spread of novel coronavirus infections is not reflected to the forecasts for the FY20 5
和文
（千台）
英文
(thousand)
和文
英文
Yen (billion)
7263 7300- 1400- 160
+ 1340+ 1180 - 1230
FY20 Forecast Change in Operating Profit
+ 306
FY20Forecast
Operating Profit + 36 ( + 05 )
Global automobileproduction
changes
Profit beforeincome taxes
9793Profit beforeincome taxes
9400- 393
(- 40 )
- Operating Profit- Share of profit of investments
accounted for using the equity method- Finance income and finance costs
+ 36
- 188- 241
Yen (billion)
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA Currencyeffects
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 255- 85
- 100
- 190- 600
FY19Results
6
1st Quarter End 27 28 + 1 -
2nd Quarter End 28 28 - -
3rd Quarter End 28 28 - -
4th Quarter End 28 (28) ( - ) ( - )
Fiscal Year 111 (112) (+ 1) ( - )
Dividend per Share FY19 FY20(Expectation)
Change frompreviousforecast
Increase Decrease
from FY19（Yen）
Dividend
7
和文
（円）
英文
（Yen）
Change in the companyrsquos shareholdersrsquo return policy
【Purpose for the change】Further improving the Companyrsquos capital strategy
【Points of the change】
Goal to maintain a shareholdersrsquo return ratio
of approximately 30
Goal to realize a return ratio alone of
approximately 30
Acquisition of the Companyrsquos own shares at a timing that it deems optimal
With respect to the redistribution of profits to its shareholders the Companyrsquos basic policy is to determine such distributions after taking into account among others its retained earnings for future growth and consolidated earnings performance basedon a long-term perspective
8
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
9
Strengthening automobile business structure
Strengthening global models and regional models
Global Models
Regional Models
Global models 60
Regional Models40
2018 of global sales unit
10
Strengthening automobile business structure
Evolution of vehicle developmentIntroduction of ldquoHonda Architecturerdquo
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Dividend per Share
FY19
FY20(Expectation)
Increase Decreasefrom FY19
Change from previous forecast
1st Quarter End
27
28
+ 1
-
2nd Quarter End
28
28
-
-
3rd Quarter End
28
28
-
-
4th Quarter End
28
(28)
( - )
( - )
Fiscal Year
111
(112)
(+ 1)
( - )
１株当たり配当金 カブ ア ハイトウキン
2018年度 ネン ド
2019年度（予想） ネン ド ヨソウ
対2018年度増減額
前回見通しからの増減額 ゼンカイ ミトオ
第１四半期末配当金 ダイ シハンキ マツ ハイトウキン
27
28
+ 1
-
第２四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
第３四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
期末配当金 キマツ ハイトウキン
28
(28)
( - )
( - )
年間配当金 ネンカン ハイトウキン
111
(112)
(+ 1)
( - )
Financial Results
FY19Results
FY20Forecast
Change
Change frompreviousforecast
amount
Sales revenue
158886
151500
- 7386
- 46
+ 1000
Operating profit
7263
7300
+ 36
+ 05
+ 400
Operating margin
46
48
+ 02pt
+ 02pt
Share of profit of investments accounted for using the equity method
2288
2100
- 188
- 82
-
Profit before income taxes
9793
9400
- 393
- 40
+ 350
Profit for the year attributable to owners of the parent
6103
5950
- 153
- 25
+ 200
Earnings per share attributable to owners of the parent (Yen)
The impact related to the spread of novel coronavirus infections is not reflected to the forecasts for the FY20 4
和文
英文
二
FY19Results
FY20Forecast Change
Motorcycles 20238 19900 - 17 -
Automobiles 5323 4980 - 64 + 5
Life Creation 6301 6000 - 48 - 270
Honda GroupUnit Sales
YTD Changefrom
previousforecast(thousand)
amount
Sales revenue 158886 151500 - 7386 - 46 + 1000
Operating profit 7263 7300 + 36 + 05 + 400
Operating margin 46 48 + 02pt + 02pt
Share of profit of investments accounted for using the equity method 2288 2100 - 188 - 82 -
Profit before income taxes 9793 9400 - 393 - 40 + 350
Profit for the year attributable to owners of the parent 6103 5950 - 153 - 25 + 200
Earnings per share attributable to owners of the parent (Yen) 34599 33964 - 635 + 1000
Market average rates (Yen)
Financial ResultsChange Change from
previousforecast
US Dollar 111 - 3 + 1108
FY19Results
FY20ForecastYen (billion)
FY20 Financial Forecast (Consolidated)
AutomobilesIncreased from previous forecast due mainly to strong sales of N-BOX and Freed in Japan
Plan to exceed the previous yearrsquos profit by steadily implement initiatives to improve profitability
Despite the currency effects the worsening economy in India and a decrease in sales in Japan due to the effects of parts supply restrictions
Operating profit
Decreased from previous forecast due mainly to OEM engine for lawn mowersales decline in North America and Europe
Life Creation
The impact related to the spread of novel coronavirus infections is not reflected to the forecasts for the FY20 5
和文
（千台）
英文
(thousand)
和文
英文
Yen (billion)
7263 7300- 1400- 160
+ 1340+ 1180 - 1230
FY20 Forecast Change in Operating Profit
+ 306
FY20Forecast
Operating Profit + 36 ( + 05 )
Global automobileproduction
changes
Profit beforeincome taxes
9793Profit beforeincome taxes
9400- 393
(- 40 )
- Operating Profit- Share of profit of investments
accounted for using the equity method- Finance income and finance costs
+ 36
- 188- 241
Yen (billion)
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA Currencyeffects
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 255- 85
- 100
- 190- 600
FY19Results
6
1st Quarter End 27 28 + 1 -
2nd Quarter End 28 28 - -
3rd Quarter End 28 28 - -
4th Quarter End 28 (28) ( - ) ( - )
Fiscal Year 111 (112) (+ 1) ( - )
Dividend per Share FY19 FY20(Expectation)
Change frompreviousforecast
Increase Decrease
from FY19（Yen）
Dividend
7
和文
（円）
英文
（Yen）
Change in the companyrsquos shareholdersrsquo return policy
【Purpose for the change】Further improving the Companyrsquos capital strategy
【Points of the change】
Goal to maintain a shareholdersrsquo return ratio
of approximately 30
Goal to realize a return ratio alone of
approximately 30
Acquisition of the Companyrsquos own shares at a timing that it deems optimal
With respect to the redistribution of profits to its shareholders the Companyrsquos basic policy is to determine such distributions after taking into account among others its retained earnings for future growth and consolidated earnings performance basedon a long-term perspective
8
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
9
Strengthening automobile business structure
Strengthening global models and regional models
Global Models
Regional Models
Global models 60
Regional Models40
2018 of global sales unit
10
Strengthening automobile business structure
Evolution of vehicle developmentIntroduction of ldquoHonda Architecturerdquo
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Dividend per Share
FY19
FY20(Expectation)
Increase Decreasefrom FY19
Change from previous forecast
1st Quarter End
27
28
+ 1
-
2nd Quarter End
28
28
-
-
3rd Quarter End
28
28
-
-
4th Quarter End
28
(28)
( - )
( - )
Fiscal Year
111
(112)
(+ 1)
( - )
１株当たり配当金 カブ ア ハイトウキン
2018年度 ネン ド
2019年度（予想） ネン ド ヨソウ
対2018年度増減額
前回見通しからの増減額 ゼンカイ ミトオ
第１四半期末配当金 ダイ シハンキ マツ ハイトウキン
27
28
+ 1
-
第２四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
第３四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
期末配当金 キマツ ハイトウキン
28
(28)
( - )
( - )
年間配当金 ネンカン ハイトウキン
111
(112)
(+ 1)
( - )
Financial Results
FY19Results
FY20Forecast
Change
Change frompreviousforecast
amount
Sales revenue
158886
151500
- 7386
- 46
+ 1000
Operating profit
7263
7300
+ 36
+ 05
+ 400
Operating margin
46
48
+ 02pt
+ 02pt
Share of profit of investments accounted for using the equity method
2288
2100
- 188
- 82
-
Profit before income taxes
9793
9400
- 393
- 40
+ 350
Profit for the year attributable to owners of the parent
6103
5950
- 153
- 25
+ 200
Earnings per share attributable to owners of the parent (Yen)
The impact related to the spread of novel coronavirus infections is not reflected to the forecasts for the FY20 4
和文
英文
二
FY19Results
FY20Forecast Change
Motorcycles 20238 19900 - 17 -
Automobiles 5323 4980 - 64 + 5
Life Creation 6301 6000 - 48 - 270
Honda GroupUnit Sales
YTD Changefrom
previousforecast(thousand)
amount
Sales revenue 158886 151500 - 7386 - 46 + 1000
Operating profit 7263 7300 + 36 + 05 + 400
Operating margin 46 48 + 02pt + 02pt
Share of profit of investments accounted for using the equity method 2288 2100 - 188 - 82 -
Profit before income taxes 9793 9400 - 393 - 40 + 350
Profit for the year attributable to owners of the parent 6103 5950 - 153 - 25 + 200
Earnings per share attributable to owners of the parent (Yen) 34599 33964 - 635 + 1000
Market average rates (Yen)
Financial ResultsChange Change from
previousforecast
US Dollar 111 - 3 + 1108
FY19Results
FY20ForecastYen (billion)
FY20 Financial Forecast (Consolidated)
AutomobilesIncreased from previous forecast due mainly to strong sales of N-BOX and Freed in Japan
Plan to exceed the previous yearrsquos profit by steadily implement initiatives to improve profitability
Despite the currency effects the worsening economy in India and a decrease in sales in Japan due to the effects of parts supply restrictions
Operating profit
Decreased from previous forecast due mainly to OEM engine for lawn mowersales decline in North America and Europe
Life Creation
The impact related to the spread of novel coronavirus infections is not reflected to the forecasts for the FY20 5
和文
（千台）
英文
(thousand)
和文
英文
Yen (billion)
7263 7300- 1400- 160
+ 1340+ 1180 - 1230
FY20 Forecast Change in Operating Profit
+ 306
FY20Forecast
Operating Profit + 36 ( + 05 )
Global automobileproduction
changes
Profit beforeincome taxes
9793Profit beforeincome taxes
9400- 393
(- 40 )
- Operating Profit- Share of profit of investments
accounted for using the equity method- Finance income and finance costs
+ 36
- 188- 241
Yen (billion)
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA Currencyeffects
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 255- 85
- 100
- 190- 600
FY19Results
6
1st Quarter End 27 28 + 1 -
2nd Quarter End 28 28 - -
3rd Quarter End 28 28 - -
4th Quarter End 28 (28) ( - ) ( - )
Fiscal Year 111 (112) (+ 1) ( - )
Dividend per Share FY19 FY20(Expectation)
Change frompreviousforecast
Increase Decrease
from FY19（Yen）
Dividend
7
和文
（円）
英文
（Yen）
Change in the companyrsquos shareholdersrsquo return policy
【Purpose for the change】Further improving the Companyrsquos capital strategy
【Points of the change】
Goal to maintain a shareholdersrsquo return ratio
of approximately 30
Goal to realize a return ratio alone of
approximately 30
Acquisition of the Companyrsquos own shares at a timing that it deems optimal
With respect to the redistribution of profits to its shareholders the Companyrsquos basic policy is to determine such distributions after taking into account among others its retained earnings for future growth and consolidated earnings performance basedon a long-term perspective
8
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
9
Strengthening automobile business structure
Strengthening global models and regional models
Global Models
Regional Models
Global models 60
Regional Models40
2018 of global sales unit
10
Strengthening automobile business structure
Evolution of vehicle developmentIntroduction of ldquoHonda Architecturerdquo
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Dividend per Share
FY19
FY20(Expectation)
Increase Decreasefrom FY19
Change from previous forecast
1st Quarter End
27
28
+ 1
-
2nd Quarter End
28
28
-
-
3rd Quarter End
28
28
-
-
4th Quarter End
28
(28)
( - )
( - )
Fiscal Year
111
(112)
(+ 1)
( - )
１株当たり配当金 カブ ア ハイトウキン
2018年度 ネン ド
2019年度（予想） ネン ド ヨソウ
対2018年度増減額
前回見通しからの増減額 ゼンカイ ミトオ
第１四半期末配当金 ダイ シハンキ マツ ハイトウキン
27
28
+ 1
-
第２四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
第３四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
期末配当金 キマツ ハイトウキン
28
(28)
( - )
( - )
年間配当金 ネンカン ハイトウキン
111
(112)
(+ 1)
( - )
Financial Results
FY19Results
FY20Forecast
Change
Change frompreviousforecast
amount
Sales revenue
158886
151500
- 7386
- 46
+ 1000
Operating profit
7263
7300
+ 36
+ 05
+ 400
Operating margin
46
48
+ 02pt
+ 02pt
Share of profit of investments accounted for using the equity method
2288
2100
- 188
- 82
-
Profit before income taxes
9793
9400
- 393
- 40
+ 350
Profit for the year attributable to owners of the parent
6103
5950
- 153
- 25
+ 200
Earnings per share attributable to owners of the parent (Yen)
The impact related to the spread of novel coronavirus infections is not reflected to the forecasts for the FY20 4
和文
英文
二
FY19Results
FY20Forecast Change
Motorcycles 20238 19900 - 17 -
Automobiles 5323 4980 - 64 + 5
Life Creation 6301 6000 - 48 - 270
Honda GroupUnit Sales
YTD Changefrom
previousforecast(thousand)
amount
Sales revenue 158886 151500 - 7386 - 46 + 1000
Operating profit 7263 7300 + 36 + 05 + 400
Operating margin 46 48 + 02pt + 02pt
Share of profit of investments accounted for using the equity method 2288 2100 - 188 - 82 -
Profit before income taxes 9793 9400 - 393 - 40 + 350
Profit for the year attributable to owners of the parent 6103 5950 - 153 - 25 + 200
Earnings per share attributable to owners of the parent (Yen) 34599 33964 - 635 + 1000
Market average rates (Yen)
Financial ResultsChange Change from
previousforecast
US Dollar 111 - 3 + 1108
FY19Results
FY20ForecastYen (billion)
FY20 Financial Forecast (Consolidated)
AutomobilesIncreased from previous forecast due mainly to strong sales of N-BOX and Freed in Japan
Plan to exceed the previous yearrsquos profit by steadily implement initiatives to improve profitability
Despite the currency effects the worsening economy in India and a decrease in sales in Japan due to the effects of parts supply restrictions
Operating profit
Decreased from previous forecast due mainly to OEM engine for lawn mowersales decline in North America and Europe
Life Creation
The impact related to the spread of novel coronavirus infections is not reflected to the forecasts for the FY20 5
和文
（千台）
英文
(thousand)
和文
英文
Yen (billion)
7263 7300- 1400- 160
+ 1340+ 1180 - 1230
FY20 Forecast Change in Operating Profit
+ 306
FY20Forecast
Operating Profit + 36 ( + 05 )
Global automobileproduction
changes
Profit beforeincome taxes
9793Profit beforeincome taxes
9400- 393
(- 40 )
- Operating Profit- Share of profit of investments
accounted for using the equity method- Finance income and finance costs
+ 36
- 188- 241
Yen (billion)
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA Currencyeffects
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 255- 85
- 100
- 190- 600
FY19Results
6
1st Quarter End 27 28 + 1 -
2nd Quarter End 28 28 - -
3rd Quarter End 28 28 - -
4th Quarter End 28 (28) ( - ) ( - )
Fiscal Year 111 (112) (+ 1) ( - )
Dividend per Share FY19 FY20(Expectation)
Change frompreviousforecast
Increase Decrease
from FY19（Yen）
Dividend
7
和文
（円）
英文
（Yen）
Change in the companyrsquos shareholdersrsquo return policy
【Purpose for the change】Further improving the Companyrsquos capital strategy
【Points of the change】
Goal to maintain a shareholdersrsquo return ratio
of approximately 30
Goal to realize a return ratio alone of
approximately 30
Acquisition of the Companyrsquos own shares at a timing that it deems optimal
With respect to the redistribution of profits to its shareholders the Companyrsquos basic policy is to determine such distributions after taking into account among others its retained earnings for future growth and consolidated earnings performance basedon a long-term perspective
8
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
9
Strengthening automobile business structure
Strengthening global models and regional models
Global Models
Regional Models
Global models 60
Regional Models40
2018 of global sales unit
10
Strengthening automobile business structure
Evolution of vehicle developmentIntroduction of ldquoHonda Architecturerdquo
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Dividend per Share
FY19
FY20(Expectation)
Increase Decreasefrom FY19
Change from previous forecast
1st Quarter End
27
28
+ 1
-
2nd Quarter End
28
28
-
-
3rd Quarter End
28
28
-
-
4th Quarter End
28
(28)
( - )
( - )
Fiscal Year
111
(112)
(+ 1)
( - )
１株当たり配当金 カブ ア ハイトウキン
2018年度 ネン ド
2019年度（予想） ネン ド ヨソウ
対2018年度増減額
前回見通しからの増減額 ゼンカイ ミトオ
第１四半期末配当金 ダイ シハンキ マツ ハイトウキン
27
28
+ 1
-
第２四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
第３四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
期末配当金 キマツ ハイトウキン
28
(28)
( - )
( - )
年間配当金 ネンカン ハイトウキン
111
(112)
(+ 1)
( - )
Financial Results
FY19Results
FY20Forecast
Change
Change frompreviousforecast
amount
Sales revenue
158886
151500
- 7386
- 46
+ 1000
Operating profit
7263
7300
+ 36
+ 05
+ 400
Operating margin
46
48
+ 02pt
+ 02pt
Share of profit of investments accounted for using the equity method
2288
2100
- 188
- 82
-
Profit before income taxes
9793
9400
- 393
- 40
+ 350
Profit for the year attributable to owners of the parent
6103
5950
- 153
- 25
+ 200
Earnings per share attributable to owners of the parent (Yen)
The impact related to the spread of novel coronavirus infections is not reflected to the forecasts for the FY20 4
和文
英文
二
FY19Results
FY20Forecast Change
Motorcycles 20238 19900 - 17 -
Automobiles 5323 4980 - 64 + 5
Life Creation 6301 6000 - 48 - 270
Honda GroupUnit Sales
YTD Changefrom
previousforecast(thousand)
amount
Sales revenue 158886 151500 - 7386 - 46 + 1000
Operating profit 7263 7300 + 36 + 05 + 400
Operating margin 46 48 + 02pt + 02pt
Share of profit of investments accounted for using the equity method 2288 2100 - 188 - 82 -
Profit before income taxes 9793 9400 - 393 - 40 + 350
Profit for the year attributable to owners of the parent 6103 5950 - 153 - 25 + 200
Earnings per share attributable to owners of the parent (Yen) 34599 33964 - 635 + 1000
Market average rates (Yen)
Financial ResultsChange Change from
previousforecast
US Dollar 111 - 3 + 1108
FY19Results
FY20ForecastYen (billion)
FY20 Financial Forecast (Consolidated)
AutomobilesIncreased from previous forecast due mainly to strong sales of N-BOX and Freed in Japan
Plan to exceed the previous yearrsquos profit by steadily implement initiatives to improve profitability
Despite the currency effects the worsening economy in India and a decrease in sales in Japan due to the effects of parts supply restrictions
Operating profit
Decreased from previous forecast due mainly to OEM engine for lawn mowersales decline in North America and Europe
Life Creation
The impact related to the spread of novel coronavirus infections is not reflected to the forecasts for the FY20 5
和文
（千台）
英文
(thousand)
和文
英文
Yen (billion)
7263 7300- 1400- 160
+ 1340+ 1180 - 1230
FY20 Forecast Change in Operating Profit
+ 306
FY20Forecast
Operating Profit + 36 ( + 05 )
Global automobileproduction
changes
Profit beforeincome taxes
9793Profit beforeincome taxes
9400- 393
(- 40 )
- Operating Profit- Share of profit of investments
accounted for using the equity method- Finance income and finance costs
+ 36
- 188- 241
Yen (billion)
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA Currencyeffects
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 255- 85
- 100
- 190- 600
FY19Results
6
1st Quarter End 27 28 + 1 -
2nd Quarter End 28 28 - -
3rd Quarter End 28 28 - -
4th Quarter End 28 (28) ( - ) ( - )
Fiscal Year 111 (112) (+ 1) ( - )
Dividend per Share FY19 FY20(Expectation)
Change frompreviousforecast
Increase Decrease
from FY19（Yen）
Dividend
7
和文
（円）
英文
（Yen）
Change in the companyrsquos shareholdersrsquo return policy
【Purpose for the change】Further improving the Companyrsquos capital strategy
【Points of the change】
Goal to maintain a shareholdersrsquo return ratio
of approximately 30
Goal to realize a return ratio alone of
approximately 30
Acquisition of the Companyrsquos own shares at a timing that it deems optimal
With respect to the redistribution of profits to its shareholders the Companyrsquos basic policy is to determine such distributions after taking into account among others its retained earnings for future growth and consolidated earnings performance basedon a long-term perspective
8
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
9
Strengthening automobile business structure
Strengthening global models and regional models
Global Models
Regional Models
Global models 60
Regional Models40
2018 of global sales unit
10
Strengthening automobile business structure
Evolution of vehicle developmentIntroduction of ldquoHonda Architecturerdquo
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Dividend per Share
FY19
FY20(Expectation)
Increase Decreasefrom FY19
Change from previous forecast
1st Quarter End
27
28
+ 1
-
2nd Quarter End
28
28
-
-
3rd Quarter End
28
28
-
-
4th Quarter End
28
(28)
( - )
( - )
Fiscal Year
111
(112)
(+ 1)
( - )
１株当たり配当金 カブ ア ハイトウキン
2018年度 ネン ド
2019年度（予想） ネン ド ヨソウ
対2018年度増減額
前回見通しからの増減額 ゼンカイ ミトオ
第１四半期末配当金 ダイ シハンキ マツ ハイトウキン
27
28
+ 1
-
第２四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
第３四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
期末配当金 キマツ ハイトウキン
28
(28)
( - )
( - )
年間配当金 ネンカン ハイトウキン
111
(112)
(+ 1)
( - )
Financial Results
FY19Results
FY20Forecast
Change
Change frompreviousforecast
amount
Sales revenue
158886
151500
- 7386
- 46
+ 1000
Operating profit
7263
7300
+ 36
+ 05
+ 400
Operating margin
46
48
+ 02pt
+ 02pt
Share of profit of investments accounted for using the equity method
2288
2100
- 188
- 82
-
Profit before income taxes
9793
9400
- 393
- 40
+ 350
Profit for the year attributable to owners of the parent
6103
5950
- 153
- 25
+ 200
Earnings per share attributable to owners of the parent (Yen)
34599
33964
- 635
+ 1000
Market average rates (Yen)
US Dollar
111
108
- 3
+ 1
3
損益状況 （億円）
2018年度実績 ネン ド ジッセキ
2019年度見通し ネン ド ミトオ
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
額 ガク
率 リツ
売上収益 ウリアゲ シュウエキ
158886
151500
- 7386
- 46
+ 1000
営業利益 エイギョウ リエキ
7263
7300
+ 36
+ 05
+ 400
営業利益率 エイギョウ リエキ リツ
46
48
+ 02pt
+ 02pt
持分法による投資利益 モチブンポウ トウシ リエキ
2288
2100
- 188
- 82
-
税引前利益
9793
9400
- 393
- 40
+ 350
親会社の所有者に 帰属する当期利益 オヤ カイシャ ショユウシャ キゾク トウキ リエキ
6103
5950
- 153
- 25
+ 200
１株当たり当期利益 カブ ア トウキ リエキ
34599円
33964円
- 635円
+ 1000円
期中平均為替レート キチュウ ヘイキン カワセ
米ドル ベイ
111円
108円
3円 円高
1円 円安
3
Honda GroupUnit Sales
YTD
Change from previous forecast
FY19Results
FY20Forecast
Change
Motorcycles
20238
19900
- 17
-
Automobiles
5323
4980
- 64
+ 5
Life Creation
6301
6000
- 48
- 270
Hondaグループ販売台数 ハンバイ ダイスウ
12ヵ月間 ゲツ アイダ
前回見通しからの増減 ゼンカイ ミトオ ゾウゲン
2018年度実績 ネン ド ジッセキ
2019年度見通し ネン ド ミトオ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
20238
19900
- 17
-
四輪事業 ヨンリン ジギョウ
5323
4980
- 64
+ 5
ライフ クリエーション事業 ジギョウ
6301
6000
- 48
- 270
Unit (thousand)
Motorcycles
Automobiles
Life Creation
FY20Previous
FY20Revised
Change
FY20Previous
FY20Revised
Change
FY20Previous
FY20Revised
Change
Japan
205
205
-
645
655
+ 10
295
300
+ 5
NorthAmerica
315
315
-
1865
1865
-
3095
2970
- 125
Europe
245
250
+ 5
140
135
- 5
985
890
- 95
Asia
17785
17785
-
2110
2110
-
1535
1515
- 20
OtherRegions
1350
1345
- 5
215
215
-
360
325
- 35
Total
19900
19900
-
4975
4980
+ 5
6270
6000
- 270
FY19Results
20238
5323
6301
(千台） センダイ
二輪事業 ニリン ジギョウ
四輪事業 ヨンリン ジギョウ
ライフクリエーション事業
2019年度前回見通し
2019年度今回見通し
増減
2019年度前回見通し
2019年度今回見通し
増減
2019年度前回見通し
2019年度今回見通し
増減
日本 ニホン
205
205
-
645
655
+ 10
295
300
+ 5
北米 ホクベイ
315
315
-
1865
1865
-
3095
2970
- 125
欧州 オウシュウ
245
250
+ 5
140
135
- 5
985
890
- 95
アジア
17785
17785
-
2110
2110
-
1535
1515
- 20
その他 タ
1350
1345
- 5
215
215
-
360
325
- 35
合計 ゴウケイ
19900
19900
-
4975
4980
+ 5
6270
6000
- 270
前年度実績 ゼンネンド ジッセキ
20238
5323
6301
二
FY19Results
FY20Forecast Change
Motorcycles 20238 19900 - 17 -
Automobiles 5323 4980 - 64 + 5
Life Creation 6301 6000 - 48 - 270
Honda GroupUnit Sales
YTD Changefrom
previousforecast(thousand)
amount
Sales revenue 158886 151500 - 7386 - 46 + 1000
Operating profit 7263 7300 + 36 + 05 + 400
Operating margin 46 48 + 02pt + 02pt
Share of profit of investments accounted for using the equity method 2288 2100 - 188 - 82 -
Profit before income taxes 9793 9400 - 393 - 40 + 350
Profit for the year attributable to owners of the parent 6103 5950 - 153 - 25 + 200
Earnings per share attributable to owners of the parent (Yen) 34599 33964 - 635 + 1000
Market average rates (Yen)
Financial ResultsChange Change from
previousforecast
US Dollar 111 - 3 + 1108
FY19Results
FY20ForecastYen (billion)
FY20 Financial Forecast (Consolidated)
AutomobilesIncreased from previous forecast due mainly to strong sales of N-BOX and Freed in Japan
Plan to exceed the previous yearrsquos profit by steadily implement initiatives to improve profitability
Despite the currency effects the worsening economy in India and a decrease in sales in Japan due to the effects of parts supply restrictions
Operating profit
Decreased from previous forecast due mainly to OEM engine for lawn mowersales decline in North America and Europe
Life Creation
The impact related to the spread of novel coronavirus infections is not reflected to the forecasts for the FY20 5
和文
（千台）
英文
(thousand)
和文
英文
Yen (billion)
7263 7300- 1400- 160
+ 1340+ 1180 - 1230
FY20 Forecast Change in Operating Profit
+ 306
FY20Forecast
Operating Profit + 36 ( + 05 )
Global automobileproduction
changes
Profit beforeincome taxes
9793Profit beforeincome taxes
9400- 393
(- 40 )
- Operating Profit- Share of profit of investments
accounted for using the equity method- Finance income and finance costs
+ 36
- 188- 241
Yen (billion)
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA Currencyeffects
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 255- 85
- 100
- 190- 600
FY19Results
6
1st Quarter End 27 28 + 1 -
2nd Quarter End 28 28 - -
3rd Quarter End 28 28 - -
4th Quarter End 28 (28) ( - ) ( - )
Fiscal Year 111 (112) (+ 1) ( - )
Dividend per Share FY19 FY20(Expectation)
Change frompreviousforecast
Increase Decrease
from FY19（Yen）
Dividend
7
和文
（円）
英文
（Yen）
Change in the companyrsquos shareholdersrsquo return policy
【Purpose for the change】Further improving the Companyrsquos capital strategy
【Points of the change】
Goal to maintain a shareholdersrsquo return ratio
of approximately 30
Goal to realize a return ratio alone of
approximately 30
Acquisition of the Companyrsquos own shares at a timing that it deems optimal
With respect to the redistribution of profits to its shareholders the Companyrsquos basic policy is to determine such distributions after taking into account among others its retained earnings for future growth and consolidated earnings performance basedon a long-term perspective
8
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
9
Strengthening automobile business structure
Strengthening global models and regional models
Global Models
Regional Models
Global models 60
Regional Models40
2018 of global sales unit
10
Strengthening automobile business structure
Evolution of vehicle developmentIntroduction of ldquoHonda Architecturerdquo
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Dividend per Share
FY19
FY20(Expectation)
Increase Decreasefrom FY19
Change from previous forecast
1st Quarter End
27
28
+ 1
-
2nd Quarter End
28
28
-
-
3rd Quarter End
28
28
-
-
4th Quarter End
28
(28)
( - )
( - )
Fiscal Year
111
(112)
(+ 1)
( - )
１株当たり配当金 カブ ア ハイトウキン
2018年度 ネン ド
2019年度（予想） ネン ド ヨソウ
対2018年度増減額
前回見通しからの増減額 ゼンカイ ミトオ
第１四半期末配当金 ダイ シハンキ マツ ハイトウキン
27
28
+ 1
-
第２四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
第３四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
期末配当金 キマツ ハイトウキン
28
(28)
( - )
( - )
年間配当金 ネンカン ハイトウキン
111
(112)
(+ 1)
( - )
Financial Results
FY19Results
FY20Forecast
Change
Change frompreviousforecast
amount
Sales revenue
158886
151500
- 7386
- 46
+ 1000
Operating profit
7263
7300
+ 36
+ 05
+ 400
Operating margin
46
48
+ 02pt
+ 02pt
Share of profit of investments accounted for using the equity method
2288
2100
- 188
- 82
-
Profit before income taxes
9793
9400
- 393
- 40
+ 350
Profit for the year attributable to owners of the parent
6103
5950
- 153
- 25
+ 200
Earnings per share attributable to owners of the parent (Yen)
34599
33964
- 635
+ 1000
Market average rates (Yen)
US Dollar
111
108
- 3
+ 1
3
損益状況 （億円）
2018年度実績 ネン ド ジッセキ
2019年度見通し ネン ド ミトオ
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
額 ガク
率 リツ
売上収益 ウリアゲ シュウエキ
158886
151500
- 7386
- 46
+ 1000
営業利益 エイギョウ リエキ
7263
7300
+ 36
+ 05
+ 400
営業利益率 エイギョウ リエキ リツ
46
48
+ 02pt
+ 02pt
持分法による投資利益 モチブンポウ トウシ リエキ
2288
2100
- 188
- 82
-
税引前利益
9793
9400
- 393
- 40
+ 350
親会社の所有者に 帰属する当期利益 オヤ カイシャ ショユウシャ キゾク トウキ リエキ
6103
5950
- 153
- 25
+ 200
１株当たり当期利益 カブ ア トウキ リエキ
34599円
33964円
- 635円
+ 1000円
期中平均為替レート キチュウ ヘイキン カワセ
米ドル ベイ
111円
108円
3円 円高
1円 円安
3
Honda GroupUnit Sales
YTD
Change from previous forecast
FY19Results
FY20Forecast
Change
Motorcycles
20238
19900
- 17
-
Automobiles
5323
4980
- 64
+ 5
Life Creation
6301
6000
- 48
- 270
Hondaグループ販売台数 ハンバイ ダイスウ
12ヵ月間 ゲツ アイダ
前回見通しからの増減 ゼンカイ ミトオ ゾウゲン
2018年度実績 ネン ド ジッセキ
2019年度見通し ネン ド ミトオ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
20238
19900
- 17
-
四輪事業 ヨンリン ジギョウ
5323
4980
- 64
+ 5
ライフ クリエーション事業 ジギョウ
6301
6000
- 48
- 270
7263 7300- 1400- 160
+ 1340+ 1180 - 1230
FY20 Forecast Change in Operating Profit
+ 306
FY20Forecast
Operating Profit + 36 ( + 05 )
Global automobileproduction
changes
Profit beforeincome taxes
9793Profit beforeincome taxes
9400- 393
(- 40 )
- Operating Profit- Share of profit of investments
accounted for using the equity method- Finance income and finance costs
+ 36
- 188- 241
Yen (billion)
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA Currencyeffects
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 255- 85
- 100
- 190- 600
FY19Results
6
1st Quarter End 27 28 + 1 -
2nd Quarter End 28 28 - -
3rd Quarter End 28 28 - -
4th Quarter End 28 (28) ( - ) ( - )
Fiscal Year 111 (112) (+ 1) ( - )
Dividend per Share FY19 FY20(Expectation)
Change frompreviousforecast
Increase Decrease
from FY19（Yen）
Dividend
7
和文
（円）
英文
（Yen）
Change in the companyrsquos shareholdersrsquo return policy
【Purpose for the change】Further improving the Companyrsquos capital strategy
【Points of the change】
Goal to maintain a shareholdersrsquo return ratio
of approximately 30
Goal to realize a return ratio alone of
approximately 30
Acquisition of the Companyrsquos own shares at a timing that it deems optimal
With respect to the redistribution of profits to its shareholders the Companyrsquos basic policy is to determine such distributions after taking into account among others its retained earnings for future growth and consolidated earnings performance basedon a long-term perspective
8
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
9
Strengthening automobile business structure
Strengthening global models and regional models
Global Models
Regional Models
Global models 60
Regional Models40
2018 of global sales unit
10
Strengthening automobile business structure
Evolution of vehicle developmentIntroduction of ldquoHonda Architecturerdquo
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Dividend per Share
FY19
FY20(Expectation)
Increase Decreasefrom FY19
Change from previous forecast
1st Quarter End
27
28
+ 1
-
2nd Quarter End
28
28
-
-
3rd Quarter End
28
28
-
-
4th Quarter End
28
(28)
( - )
( - )
Fiscal Year
111
(112)
(+ 1)
( - )
１株当たり配当金 カブ ア ハイトウキン
2018年度 ネン ド
2019年度（予想） ネン ド ヨソウ
対2018年度増減額
前回見通しからの増減額 ゼンカイ ミトオ
第１四半期末配当金 ダイ シハンキ マツ ハイトウキン
27
28
+ 1
-
第２四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
第３四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
期末配当金 キマツ ハイトウキン
28
(28)
( - )
( - )
年間配当金 ネンカン ハイトウキン
111
(112)
(+ 1)
( - )
1st Quarter End 27 28 + 1 -
2nd Quarter End 28 28 - -
3rd Quarter End 28 28 - -
4th Quarter End 28 (28) ( - ) ( - )
Fiscal Year 111 (112) (+ 1) ( - )
Dividend per Share FY19 FY20(Expectation)
Change frompreviousforecast
Increase Decrease
from FY19（Yen）
Dividend
7
和文
（円）
英文
（Yen）
Change in the companyrsquos shareholdersrsquo return policy
【Purpose for the change】Further improving the Companyrsquos capital strategy
【Points of the change】
Goal to maintain a shareholdersrsquo return ratio
of approximately 30
Goal to realize a return ratio alone of
approximately 30
Acquisition of the Companyrsquos own shares at a timing that it deems optimal
With respect to the redistribution of profits to its shareholders the Companyrsquos basic policy is to determine such distributions after taking into account among others its retained earnings for future growth and consolidated earnings performance basedon a long-term perspective
8
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
9
Strengthening automobile business structure
Strengthening global models and regional models
Global Models
Regional Models
Global models 60
Regional Models40
2018 of global sales unit
10
Strengthening automobile business structure
Evolution of vehicle developmentIntroduction of ldquoHonda Architecturerdquo
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Dividend per Share
FY19
FY20(Expectation)
Increase Decreasefrom FY19
Change from previous forecast
1st Quarter End
27
28
+ 1
-
2nd Quarter End
28
28
-
-
3rd Quarter End
28
28
-
-
4th Quarter End
28
(28)
( - )
( - )
Fiscal Year
111
(112)
(+ 1)
( - )
１株当たり配当金 カブ ア ハイトウキン
2018年度 ネン ド
2019年度（予想） ネン ド ヨソウ
対2018年度増減額
前回見通しからの増減額 ゼンカイ ミトオ
第１四半期末配当金 ダイ シハンキ マツ ハイトウキン
27
28
+ 1
-
第２四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
第３四半期末配当金 ダイ シハンキ マツ ハイトウキン
28
28
-
-
期末配当金 キマツ ハイトウキン
28
(28)
( - )
( - )
年間配当金 ネンカン ハイトウキン
111
(112)
(+ 1)
( - )
Change in the companyrsquos shareholdersrsquo return policy
【Purpose for the change】Further improving the Companyrsquos capital strategy
【Points of the change】
Goal to maintain a shareholdersrsquo return ratio
of approximately 30
Goal to realize a return ratio alone of
approximately 30
Acquisition of the Companyrsquos own shares at a timing that it deems optimal
With respect to the redistribution of profits to its shareholders the Companyrsquos basic policy is to determine such distributions after taking into account among others its retained earnings for future growth and consolidated earnings performance basedon a long-term perspective
8
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
9
Strengthening automobile business structure
Strengthening global models and regional models
Global Models
Regional Models
Global models 60
Regional Models40
2018 of global sales unit
10
Strengthening automobile business structure
Evolution of vehicle developmentIntroduction of ldquoHonda Architecturerdquo
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
9
Strengthening automobile business structure
Strengthening global models and regional models
Global Models
Regional Models
Global models 60
Regional Models40
2018 of global sales unit
10
Strengthening automobile business structure
Evolution of vehicle developmentIntroduction of ldquoHonda Architecturerdquo
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Strengthening automobile business structure
Strengthening global models and regional models
Global Models
Regional Models
Global models 60
Regional Models40
2018 of global sales unit
10
Strengthening automobile business structure
Evolution of vehicle developmentIntroduction of ldquoHonda Architecturerdquo
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Strengthening automobile business structure
Evolution of vehicle developmentIntroduction of ldquoHonda Architecturerdquo
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Strengthening automobile business structure
Reduce man-hours by 30 by 2025 and repurpose man-hours for RampD
in advanced areas for the future
Global production costReduce by 10 by 2025 (vs 2018)
12
Strengthening automobile business structure
Strengthening the production structure
Making progress in optimizing production capacity in accordance with market demand
90 in 2018 Full-capacity by 2022Capacity utilization rate excluding China
13
Strengthening automobile business structure
RealizeldquoGrowth through the pursuit of qualityrdquo
Reduce the number of variations Simplify model allocation
Re-establish a highly-efficient production system
Strengthening the production structure- North America -
14
Changes to the Research and Development Structure
Innovation ResearchExcellence
Automobile Center
HRD Sakura
Life Creation Center
Aero Engine Center
Digital Solution Center
lt2019gtIntegrate advanced research functions
Integrate with development production and procurement to enhance marketability and business speed
Engage in promotion on IT time axis toraise competitiveness of digital technology
Monozukuri CenterMotorcycle Operations
Build a research and development structure intended to achieve a balance between
advanced technology and increased efficiency
15
Hondarsquos approach to the new business environment
SenseTime CruiseGeneral Motors Baidu - Apollo Project
(China)
Softbank (Emotion Engine)
SoundHound Kyoto University Boston University
(Information Security)
Reachstar (China)MONET TechnologiesGrab (Asia)
- Motorcycles
Hitachi AMS (EV Motor) Neusoft (China BEV) General Motors
(EV Battery FC Stack) CATL (Battery)
RampD Center X Honda Xcelerator
- Global expansion
ArtificialIntelligence
Organizational Structure
AutonomousDriving
Collaboration with DeepMap Tactual Labs WayRay SoundHound 360 Capital Partners JB Nordic Partners SOSV Yunqi Partners etc
Softbank (5G Mobile Comm System)
Alibaba (Honda CONNECT)
Connectivity
Sharing
Electrification
16
Direction for electrification
Focus our efforts on further enhancing HEV performance as well as on PHEV and zero emission vehicles
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Strengthening automobile business structure
Strengthening the production structure
Making progress in optimizing production capacity in accordance with market demand
90 in 2018 Full-capacity by 2022Capacity utilization rate excluding China
13
Strengthening automobile business structure
RealizeldquoGrowth through the pursuit of qualityrdquo
Reduce the number of variations Simplify model allocation
Re-establish a highly-efficient production system
Strengthening the production structure- North America -
14
Changes to the Research and Development Structure
Innovation ResearchExcellence
Automobile Center
HRD Sakura
Life Creation Center
Aero Engine Center
Digital Solution Center
lt2019gtIntegrate advanced research functions
Integrate with development production and procurement to enhance marketability and business speed
Engage in promotion on IT time axis toraise competitiveness of digital technology
Monozukuri CenterMotorcycle Operations
Build a research and development structure intended to achieve a balance between
advanced technology and increased efficiency
15
Hondarsquos approach to the new business environment
SenseTime CruiseGeneral Motors Baidu - Apollo Project
(China)
Softbank (Emotion Engine)
SoundHound Kyoto University Boston University
(Information Security)
Reachstar (China)MONET TechnologiesGrab (Asia)
- Motorcycles
Hitachi AMS (EV Motor) Neusoft (China BEV) General Motors
(EV Battery FC Stack) CATL (Battery)
RampD Center X Honda Xcelerator
- Global expansion
ArtificialIntelligence
Organizational Structure
AutonomousDriving
Collaboration with DeepMap Tactual Labs WayRay SoundHound 360 Capital Partners JB Nordic Partners SOSV Yunqi Partners etc
Softbank (5G Mobile Comm System)
Alibaba (Honda CONNECT)
Connectivity
Sharing
Electrification
16
Direction for electrification
Focus our efforts on further enhancing HEV performance as well as on PHEV and zero emission vehicles
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Strengthening automobile business structure
RealizeldquoGrowth through the pursuit of qualityrdquo
Reduce the number of variations Simplify model allocation
Re-establish a highly-efficient production system
Strengthening the production structure- North America -
14
Changes to the Research and Development Structure
Innovation ResearchExcellence
Automobile Center
HRD Sakura
Life Creation Center
Aero Engine Center
Digital Solution Center
lt2019gtIntegrate advanced research functions
Integrate with development production and procurement to enhance marketability and business speed
Engage in promotion on IT time axis toraise competitiveness of digital technology
Monozukuri CenterMotorcycle Operations
Build a research and development structure intended to achieve a balance between
advanced technology and increased efficiency
15
Hondarsquos approach to the new business environment
SenseTime CruiseGeneral Motors Baidu - Apollo Project
(China)
Softbank (Emotion Engine)
SoundHound Kyoto University Boston University
(Information Security)
Reachstar (China)MONET TechnologiesGrab (Asia)
- Motorcycles
Hitachi AMS (EV Motor) Neusoft (China BEV) General Motors
(EV Battery FC Stack) CATL (Battery)
RampD Center X Honda Xcelerator
- Global expansion
ArtificialIntelligence
Organizational Structure
AutonomousDriving
Collaboration with DeepMap Tactual Labs WayRay SoundHound 360 Capital Partners JB Nordic Partners SOSV Yunqi Partners etc
Softbank (5G Mobile Comm System)
Alibaba (Honda CONNECT)
Connectivity
Sharing
Electrification
16
Direction for electrification
Focus our efforts on further enhancing HEV performance as well as on PHEV and zero emission vehicles
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Changes to the Research and Development Structure
Innovation ResearchExcellence
Automobile Center
HRD Sakura
Life Creation Center
Aero Engine Center
Digital Solution Center
lt2019gtIntegrate advanced research functions
Integrate with development production and procurement to enhance marketability and business speed
Engage in promotion on IT time axis toraise competitiveness of digital technology
Monozukuri CenterMotorcycle Operations
Build a research and development structure intended to achieve a balance between
advanced technology and increased efficiency
15
Hondarsquos approach to the new business environment
SenseTime CruiseGeneral Motors Baidu - Apollo Project
(China)
Softbank (Emotion Engine)
SoundHound Kyoto University Boston University
(Information Security)
Reachstar (China)MONET TechnologiesGrab (Asia)
- Motorcycles
Hitachi AMS (EV Motor) Neusoft (China BEV) General Motors
(EV Battery FC Stack) CATL (Battery)
RampD Center X Honda Xcelerator
- Global expansion
ArtificialIntelligence
Organizational Structure
AutonomousDriving
Collaboration with DeepMap Tactual Labs WayRay SoundHound 360 Capital Partners JB Nordic Partners SOSV Yunqi Partners etc
Softbank (5G Mobile Comm System)
Alibaba (Honda CONNECT)
Connectivity
Sharing
Electrification
16
Direction for electrification
Focus our efforts on further enhancing HEV performance as well as on PHEV and zero emission vehicles
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Hondarsquos approach to the new business environment
SenseTime CruiseGeneral Motors Baidu - Apollo Project
(China)
Softbank (Emotion Engine)
SoundHound Kyoto University Boston University
(Information Security)
Reachstar (China)MONET TechnologiesGrab (Asia)
- Motorcycles
Hitachi AMS (EV Motor) Neusoft (China BEV) General Motors
(EV Battery FC Stack) CATL (Battery)
RampD Center X Honda Xcelerator
- Global expansion
ArtificialIntelligence
Organizational Structure
AutonomousDriving
Collaboration with DeepMap Tactual Labs WayRay SoundHound 360 Capital Partners JB Nordic Partners SOSV Yunqi Partners etc
Softbank (5G Mobile Comm System)
Alibaba (Honda CONNECT)
Connectivity
Sharing
Electrification
16
Direction for electrification
Focus our efforts on further enhancing HEV performance as well as on PHEV and zero emission vehicles
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Direction for electrification
Focus our efforts on further enhancing HEV performance as well as on PHEV and zero emission vehicles
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Direction for electrification
By 2022 i-MMD system cost is expected to be reducedby 25 (vs 2018)
Increase applied lineup + Expand globally
Small SUV
Motor Battery
PCU
Engine
Battery MotorVoltage control
Application of technologies in BEV and FCV
Plug-in Hybrid
Compact High torque
Middle
Expansion of scope of i-MMD Deployment of key electrification technologies in BEV and FCV
19
Direction for electrification
＋
Hitachi Automotive Electric Motor Systems Ltd
Manufacture and supply of motors
In-house manufacture and supply
BatteryMotor
Procure electrified components with optimum specifications in each region speedily and reduce costs by means of effect of scale
20
Direction for electrification
Provide BEVs with exhilarating drive and ldquohumanrdquo-centered comfortable space
Tota
l wid
thC
hang
eabl
e
Flat-installation battery pack
Battery
Wheelbase
Driving position
Changeable
ChangeableFront drive unit
Selectable Rear drive unit
Tire diameter Road clearance
Integrated development of common-adaptable battery pack by using optimum locally-procurable batteries in each region
5050 weight distribution low center of gravity and rear main drive (2WD4WD) for exhilarating drive
High efficient package by Hondarsquos MM concept
SUV type CUV type Sedan type
Adopt with changeable components
Honda Architecture (BEV)
21
Direction for electrification
Introduction of battery EVs
C
C
C
North America
China
EU JPN
Introduce competitivebattery EVs
X-NV(Dongfeng Honda)
Everus VE-1(GAC Honda)
Introduce Honda e Honda e Prototype
Jointly develop next-generation battery components with GM
Jointly develop mass-prod battery EVs with local JVs
Utilize resourcesEnvisioning to introwith Honda brand
Begin with EU where 100 electrification targeted by 2022
22
Collision-free Society and Joy amp Freedom of Mobility
2010 2020 Year
Tech
nolo
gica
l evo
lutio
n
2030
Roadmap of Automated Drivingamp
Driving Support Technologies
Automated highway drivingtechnology
Expansion of operational design domain
（Environmental condition localization）
ACC with Low-speed Follow LaneWatch
Multi-view Camera System ACC
i-ACC
LKAS
Lead Car Departure Notification Auto high beam
Traffic Signal Prediction System
Parking Pilot
CMBS City-Brake Active System
Pedestrian Collision Mitigation Steering SystemV2V V2I communication
Traffic Sign Recognition
Road Departure Mitigation system Intelligent Night Vision
Cyclist CMBS
Collision Mitigation Throttle Control Rear Collision Mitigation Throttle Control
Road Departure Mitigation（for low-speed driving）
Pedestrian CMBS (at night）
Safety support
Driving support
Automated Driving
Lane change assistCollision mitigation at time of lane changeIntersection CMBSFrontal crossing vehicle warning
Traffic Jam Assist
23
Global Implementation of Field Operational Tests
Evolution of Honda SENSING
Deviation from lane (Road Departure Mitigation )
20252003
Avoidanceby steering
Brake control for avoidance using brakes
Saving more people in more
scenarios
Successive expansion of scenes for support
CMBS(Collision Mitigation Brake System)
2014
For pedestrians
For deviationfrom lane
Standard road
For bicycles
Advanced support for safety driving
2019
Deviation from lane (Pedestrian Collision Mitigation Steering System）
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Direction for electrification
＋
Hitachi Automotive Electric Motor Systems Ltd
Manufacture and supply of motors
In-house manufacture and supply
BatteryMotor
Procure electrified components with optimum specifications in each region speedily and reduce costs by means of effect of scale
20
Direction for electrification
Provide BEVs with exhilarating drive and ldquohumanrdquo-centered comfortable space
Tota
l wid
thC
hang
eabl
e
Flat-installation battery pack
Battery
Wheelbase
Driving position
Changeable
ChangeableFront drive unit
Selectable Rear drive unit
Tire diameter Road clearance
Integrated development of common-adaptable battery pack by using optimum locally-procurable batteries in each region
5050 weight distribution low center of gravity and rear main drive (2WD4WD) for exhilarating drive
High efficient package by Hondarsquos MM concept
SUV type CUV type Sedan type
Adopt with changeable components
Honda Architecture (BEV)
21
Direction for electrification
Introduction of battery EVs
C
C
C
North America
China
EU JPN
Introduce competitivebattery EVs
X-NV(Dongfeng Honda)
Everus VE-1(GAC Honda)
Introduce Honda e Honda e Prototype
Jointly develop next-generation battery components with GM
Jointly develop mass-prod battery EVs with local JVs
Utilize resourcesEnvisioning to introwith Honda brand
Begin with EU where 100 electrification targeted by 2022
22
Collision-free Society and Joy amp Freedom of Mobility
2010 2020 Year
Tech
nolo
gica
l evo
lutio
n
2030
Roadmap of Automated Drivingamp
Driving Support Technologies
Automated highway drivingtechnology
Expansion of operational design domain
（Environmental condition localization）
ACC with Low-speed Follow LaneWatch
Multi-view Camera System ACC
i-ACC
LKAS
Lead Car Departure Notification Auto high beam
Traffic Signal Prediction System
Parking Pilot
CMBS City-Brake Active System
Pedestrian Collision Mitigation Steering SystemV2V V2I communication
Traffic Sign Recognition
Road Departure Mitigation system Intelligent Night Vision
Cyclist CMBS
Collision Mitigation Throttle Control Rear Collision Mitigation Throttle Control
Road Departure Mitigation（for low-speed driving）
Pedestrian CMBS (at night）
Safety support
Driving support
Automated Driving
Lane change assistCollision mitigation at time of lane changeIntersection CMBSFrontal crossing vehicle warning
Traffic Jam Assist
23
Global Implementation of Field Operational Tests
Evolution of Honda SENSING
Deviation from lane (Road Departure Mitigation )
20252003
Avoidanceby steering
Brake control for avoidance using brakes
Saving more people in more
scenarios
Successive expansion of scenes for support
CMBS(Collision Mitigation Brake System)
2014
For pedestrians
For deviationfrom lane
Standard road
For bicycles
Advanced support for safety driving
2019
Deviation from lane (Pedestrian Collision Mitigation Steering System）
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Direction for electrification
Provide BEVs with exhilarating drive and ldquohumanrdquo-centered comfortable space
Tota
l wid
thC
hang
eabl
e
Flat-installation battery pack
Battery
Wheelbase
Driving position
Changeable
ChangeableFront drive unit
Selectable Rear drive unit
Tire diameter Road clearance
Integrated development of common-adaptable battery pack by using optimum locally-procurable batteries in each region
5050 weight distribution low center of gravity and rear main drive (2WD4WD) for exhilarating drive
High efficient package by Hondarsquos MM concept
SUV type CUV type Sedan type
Adopt with changeable components
Honda Architecture (BEV)
21
Direction for electrification
Introduction of battery EVs
C
C
C
North America
China
EU JPN
Introduce competitivebattery EVs
X-NV(Dongfeng Honda)
Everus VE-1(GAC Honda)
Introduce Honda e Honda e Prototype
Jointly develop next-generation battery components with GM
Jointly develop mass-prod battery EVs with local JVs
Utilize resourcesEnvisioning to introwith Honda brand
Begin with EU where 100 electrification targeted by 2022
22
Collision-free Society and Joy amp Freedom of Mobility
2010 2020 Year
Tech
nolo
gica
l evo
lutio
n
2030
Roadmap of Automated Drivingamp
Driving Support Technologies
Automated highway drivingtechnology
Expansion of operational design domain
（Environmental condition localization）
ACC with Low-speed Follow LaneWatch
Multi-view Camera System ACC
i-ACC
LKAS
Lead Car Departure Notification Auto high beam
Traffic Signal Prediction System
Parking Pilot
CMBS City-Brake Active System
Pedestrian Collision Mitigation Steering SystemV2V V2I communication
Traffic Sign Recognition
Road Departure Mitigation system Intelligent Night Vision
Cyclist CMBS
Collision Mitigation Throttle Control Rear Collision Mitigation Throttle Control
Road Departure Mitigation（for low-speed driving）
Pedestrian CMBS (at night）
Safety support
Driving support
Automated Driving
Lane change assistCollision mitigation at time of lane changeIntersection CMBSFrontal crossing vehicle warning
Traffic Jam Assist
23
Global Implementation of Field Operational Tests
Evolution of Honda SENSING
Deviation from lane (Road Departure Mitigation )
20252003
Avoidanceby steering
Brake control for avoidance using brakes
Saving more people in more
scenarios
Successive expansion of scenes for support
CMBS(Collision Mitigation Brake System)
2014
For pedestrians
For deviationfrom lane
Standard road
For bicycles
Advanced support for safety driving
2019
Deviation from lane (Pedestrian Collision Mitigation Steering System）
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Direction for electrification
Introduction of battery EVs
C
C
C
North America
China
EU JPN
Introduce competitivebattery EVs
X-NV(Dongfeng Honda)
Everus VE-1(GAC Honda)
Introduce Honda e Honda e Prototype
Jointly develop next-generation battery components with GM
Jointly develop mass-prod battery EVs with local JVs
Utilize resourcesEnvisioning to introwith Honda brand
Begin with EU where 100 electrification targeted by 2022
22
Collision-free Society and Joy amp Freedom of Mobility
2010 2020 Year
Tech
nolo
gica
l evo
lutio
n
2030
Roadmap of Automated Drivingamp
Driving Support Technologies
Automated highway drivingtechnology
Expansion of operational design domain
（Environmental condition localization）
ACC with Low-speed Follow LaneWatch
Multi-view Camera System ACC
i-ACC
LKAS
Lead Car Departure Notification Auto high beam
Traffic Signal Prediction System
Parking Pilot
CMBS City-Brake Active System
Pedestrian Collision Mitigation Steering SystemV2V V2I communication
Traffic Sign Recognition
Road Departure Mitigation system Intelligent Night Vision
Cyclist CMBS
Collision Mitigation Throttle Control Rear Collision Mitigation Throttle Control
Road Departure Mitigation（for low-speed driving）
Pedestrian CMBS (at night）
Safety support
Driving support
Automated Driving
Lane change assistCollision mitigation at time of lane changeIntersection CMBSFrontal crossing vehicle warning
Traffic Jam Assist
23
Global Implementation of Field Operational Tests
Evolution of Honda SENSING
Deviation from lane (Road Departure Mitigation )
20252003
Avoidanceby steering
Brake control for avoidance using brakes
Saving more people in more
scenarios
Successive expansion of scenes for support
CMBS(Collision Mitigation Brake System)
2014
For pedestrians
For deviationfrom lane
Standard road
For bicycles
Advanced support for safety driving
2019
Deviation from lane (Pedestrian Collision Mitigation Steering System）
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Collision-free Society and Joy amp Freedom of Mobility
2010 2020 Year
Tech
nolo
gica
l evo
lutio
n
2030
Roadmap of Automated Drivingamp
Driving Support Technologies
Automated highway drivingtechnology
Expansion of operational design domain
（Environmental condition localization）
ACC with Low-speed Follow LaneWatch
Multi-view Camera System ACC
i-ACC
LKAS
Lead Car Departure Notification Auto high beam
Traffic Signal Prediction System
Parking Pilot
CMBS City-Brake Active System
Pedestrian Collision Mitigation Steering SystemV2V V2I communication
Traffic Sign Recognition
Road Departure Mitigation system Intelligent Night Vision
Cyclist CMBS
Collision Mitigation Throttle Control Rear Collision Mitigation Throttle Control
Road Departure Mitigation（for low-speed driving）
Pedestrian CMBS (at night）
Safety support
Driving support
Automated Driving
Lane change assistCollision mitigation at time of lane changeIntersection CMBSFrontal crossing vehicle warning
Traffic Jam Assist
23
Global Implementation of Field Operational Tests
Evolution of Honda SENSING
Deviation from lane (Road Departure Mitigation )
20252003
Avoidanceby steering
Brake control for avoidance using brakes
Saving more people in more
scenarios
Successive expansion of scenes for support
CMBS(Collision Mitigation Brake System)
2014
For pedestrians
For deviationfrom lane
Standard road
For bicycles
Advanced support for safety driving
2019
Deviation from lane (Pedestrian Collision Mitigation Steering System）
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Global Implementation of Field Operational Tests
Evolution of Honda SENSING
Deviation from lane (Road Departure Mitigation )
20252003
Avoidanceby steering
Brake control for avoidance using brakes
Saving more people in more
scenarios
Successive expansion of scenes for support
CMBS(Collision Mitigation Brake System)
2014
For pedestrians
For deviationfrom lane
Standard road
For bicycles
Advanced support for safety driving
2019
Deviation from lane (Pedestrian Collision Mitigation Steering System）
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Collision-free Society and Joy amp Freedom of Mobility
Honda to use its technology advantage for personal autonomous vehicles while leveraging alliances for shared autonomous vehicles
う
Share autonomous vehicles with Lv4 tech in limited metropolitan areas
Advancement of ADAS and support network throughout country (image)
Personal Autonomous Vehicles
Type ofmobility
Shared Autonomous Vehicles
Offer safety and driving support throughthe advancement of ADAS technologies
Prepare for the transition to MaaS Contribute to BEV sales volume
Hondarsquosstrategy
Customervalue
In-house development of Autonomous driving and
preventive safety technologiesOptimize Alliance
Meets various lifestyle needs from daily commute to weekend long-distance travel - Freedom of mobility for everyone
Convenient and inexpensive forlast one-mile mobility in limited areas
25
Global Implementation of Field Operational Tests
Global implementation of field operational tests looking towards the establishment of automated driving technology
Participation in European L3Pilot
proving trials
L3 Pilot 1000 drivers 100 cars 10 European countries PilotingAutomated Driving on European Roads in Horizon2020
Participation in consortium towards verification of acceptability in
European region
Participation in Baidu Apollo proving trials
Implementation of joint research on unique Chinese maps and their
application
Apollo A software PF consortium organized by Chinarsquos Baidu
Joint research on AI technologies
Advanced technological development and
proving trials Implementation of proving trials of AI technologies in operation on ordinary
roads (Public roads)
Proving trials towards realization of
technologies Verification of highway automated
driving in operation throughout Japan
26
Automobile Operations by Regions
ltIndustrygt
ltHondagt
United StatesJapanltIndustrygt
ltHondagt
Unit(thousands)
Source Autodata
Source Honda
Source JAMA
Source Honda
Increase production efficiency throughsimplifying model allocation
Improve capacity utilization through exporting global models to Europe
601
717
848 788
704 711 725 749
0
250
500
750
1000
FY12 13 14 15 16 17 18 19
Registered vehiclesMini vehicles
14491 15600 16522
17479 17550 17230 17274 17048
0
5000
10000
15000
20000
CY12 13 14 15 16 17 18 19
Passenger CarsLight Trucks
1423 1525 1541 1587 1638 1641 1605 1608
0
500
1000
1500
2000
CY12 13 14 15 16 17 18 19
AcuraHonda Passenger CarsHonda Light Trucks
47535211
56925297
4937 5077 5195 5259
0
2500
5000
7500
FY12 13 14 15 16 17 18 19
Registered vehiclesMini vehicles
27
Graph1
Mini vehicles
Registered vehicles
合計
1629
3124
4753
1973
3238
5211
2262
3430
5692
2173
3124
5297
1813
3124
4937
17199
33567
50766
1858884
333658
5195464
1922972
3335534
5258506
Sheet1
4796
5696 5853 5507 5475 5643 6137 6453
5946
0
4000
8000
CY11 12 13 14 15 16 17 18 19
Malaysia Thailand IndonesiaPhilippines India
2011-2014 Wholesale 2015-2018 Retail
Automobile Operations by Regions
China
ltHondagt
Unit(thousands)
(excluding commercial vehicles)ltIndustrygt
Source Honda
Source Honda
Further expand sister model strategy
ltIndustrygt
ltHondagt
Asia
Source Honda
Source Honda
(Five main markets in Asia)
India excluding commercial vehicles and pickups
Introduce new models to meet specific market needs in each Asian market
227
356
474 524
587 578 629
592 519
0
250
500
750
CY11 12 13 14 15 16 17 18 19
Malaysia ThailandIndonesia PhilippinesIndia
14473 15495 17929
19701 21146
24378 24719 23671
0
10000
20000
30000
CY11 12 13 14 15 16 17 18
Minivan SUVMPV Sedan
21444
19
622 599 757 793
1010
1256
1458 1432 1554
0
500
1000
1500
CY11 12 13 14 15 16 17 18 19
Acura SUVMPV Sedan
28
Sedan(4D5D) SUV MPV
D
GACHonda
DongfengHonda
C
GACHonda
DongfengHonda
B
GACHonda
DongfengHonda
By utilizing common platforms and strengthening local procurement and RampD functions successive launch of cost competitive models being realized
JadeCrider
Odyssey
Gienia
Segment
Fit CityVezel
XR-V
CR-V
Elysion
Greiz
UR-V
Civic
Avancier
Regional Models China
Two joint ventures offer different model types
consistent with their respective brand image
Accord(May 2018)
Inspire(Oct 2018)
EverusVE-1
X-NV
ENVIX(Apr 2019)
Breeze(Nov 2019)
29
150 141 140 133 132 138 135 131
122
0
100
200
CY11 12 13 14 15 16 17 18 19
Automobile Operations by Regions
Brazil
ltHondagt
Unit(thousands)
ltIndustrygt
Source Honda
Source ANFAVEA
(Main market in Other Region) excluding trucks
Improve Forex toughness by increasing local procurement and localization of development
ltIndustrygt
ltHondagt
Europe (EU+EFTA)(excluding commercial vehicles)
(EU and EFTA)Source ACEA Honda
Source ACEA Honda
100 electrification targeted by 2025
13542 12452 12240 12913
14095 15132 15631 15624 15806
0
5000
10000
15000
20000
CY11 12 13 14 15 16 17 18 19
3426 3634 3580 3333
2481 1989 2176
2475 2666
0
2500
5000
CY11 12 13 14 15 16 17 18 19
93
135 139 138 153
123 131 132 129
0
100
200
CY11 12 13 14 15 16 17 18 19
30
1066 816
19231860
200
970
970
1250
1370
151 121
Dec 19 Dec 17 Dec 18 Plan 22
Japan
NorthAmerica
Europe
Asia
China
Other
Global Production Capacity
5137
Unit (thousand)
5560 -423
China +120(GAC Honda)
Thailand -150 announced in FY2017
JapanUK Mexico TurkeyArgentina
-250-150
-63-50-30
-543+120
By the end of FY2022July 2021Early 2020By the end of CY2021By the end of CY2020
- Factory closing timingJapan UK Mexico Turkey Argentina
31
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
32
Overview of Motorcycle Business
143 110177 192 182 171
267 292
106
82
105 104 101 99
131 139
(50)
50
150
250
350
FY2012 2013 2014 2015 2016 2017 2018 2019
Operating profit and margin and Unit sales until FY13 are based on US GAAP while FY14 and after are based on IFRS
Honda MC Business = High Profitability + Stability + Growth Potential
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Global Implementation of Field Operational Tests
Global implementation of field operational tests looking towards the establishment of automated driving technology
Participation in European L3Pilot
proving trials
L3 Pilot 1000 drivers 100 cars 10 European countries PilotingAutomated Driving on European Roads in Horizon2020
Participation in consortium towards verification of acceptability in
European region
Participation in Baidu Apollo proving trials
Implementation of joint research on unique Chinese maps and their
application
Apollo A software PF consortium organized by Chinarsquos Baidu
Joint research on AI technologies
Advanced technological development and
proving trials Implementation of proving trials of AI technologies in operation on ordinary
roads (Public roads)
Proving trials towards realization of
technologies Verification of highway automated
driving in operation throughout Japan
26
Automobile Operations by Regions
ltIndustrygt
ltHondagt
United StatesJapanltIndustrygt
ltHondagt
Unit(thousands)
Source Autodata
Source Honda
Source JAMA
Source Honda
Increase production efficiency throughsimplifying model allocation
Improve capacity utilization through exporting global models to Europe
601
717
848 788
704 711 725 749
0
250
500
750
1000
FY12 13 14 15 16 17 18 19
Registered vehiclesMini vehicles
14491 15600 16522
17479 17550 17230 17274 17048
0
5000
10000
15000
20000
CY12 13 14 15 16 17 18 19
Passenger CarsLight Trucks
1423 1525 1541 1587 1638 1641 1605 1608
0
500
1000
1500
2000
CY12 13 14 15 16 17 18 19
AcuraHonda Passenger CarsHonda Light Trucks
47535211
56925297
4937 5077 5195 5259
0
2500
5000
7500
FY12 13 14 15 16 17 18 19
Registered vehiclesMini vehicles
27
Graph1
Mini vehicles
Registered vehicles
合計
1629
3124
4753
1973
3238
5211
2262
3430
5692
2173
3124
5297
1813
3124
4937
17199
33567
50766
1858884
333658
5195464
1922972
3335534
5258506
Sheet1
4796
5696 5853 5507 5475 5643 6137 6453
5946
0
4000
8000
CY11 12 13 14 15 16 17 18 19
Malaysia Thailand IndonesiaPhilippines India
2011-2014 Wholesale 2015-2018 Retail
Automobile Operations by Regions
China
ltHondagt
Unit(thousands)
(excluding commercial vehicles)ltIndustrygt
Source Honda
Source Honda
Further expand sister model strategy
ltIndustrygt
ltHondagt
Asia
Source Honda
Source Honda
(Five main markets in Asia)
India excluding commercial vehicles and pickups
Introduce new models to meet specific market needs in each Asian market
227
356
474 524
587 578 629
592 519
0
250
500
750
CY11 12 13 14 15 16 17 18 19
Malaysia ThailandIndonesia PhilippinesIndia
14473 15495 17929
19701 21146
24378 24719 23671
0
10000
20000
30000
CY11 12 13 14 15 16 17 18
Minivan SUVMPV Sedan
21444
19
622 599 757 793
1010
1256
1458 1432 1554
0
500
1000
1500
CY11 12 13 14 15 16 17 18 19
Acura SUVMPV Sedan
28
Sedan(4D5D) SUV MPV
D
GACHonda
DongfengHonda
C
GACHonda
DongfengHonda
B
GACHonda
DongfengHonda
By utilizing common platforms and strengthening local procurement and RampD functions successive launch of cost competitive models being realized
JadeCrider
Odyssey
Gienia
Segment
Fit CityVezel
XR-V
CR-V
Elysion
Greiz
UR-V
Civic
Avancier
Regional Models China
Two joint ventures offer different model types
consistent with their respective brand image
Accord(May 2018)
Inspire(Oct 2018)
EverusVE-1
X-NV
ENVIX(Apr 2019)
Breeze(Nov 2019)
29
150 141 140 133 132 138 135 131
122
0
100
200
CY11 12 13 14 15 16 17 18 19
Automobile Operations by Regions
Brazil
ltHondagt
Unit(thousands)
ltIndustrygt
Source Honda
Source ANFAVEA
(Main market in Other Region) excluding trucks
Improve Forex toughness by increasing local procurement and localization of development
ltIndustrygt
ltHondagt
Europe (EU+EFTA)(excluding commercial vehicles)
(EU and EFTA)Source ACEA Honda
Source ACEA Honda
100 electrification targeted by 2025
13542 12452 12240 12913
14095 15132 15631 15624 15806
0
5000
10000
15000
20000
CY11 12 13 14 15 16 17 18 19
3426 3634 3580 3333
2481 1989 2176
2475 2666
0
2500
5000
CY11 12 13 14 15 16 17 18 19
93
135 139 138 153
123 131 132 129
0
100
200
CY11 12 13 14 15 16 17 18 19
30
1066 816
19231860
200
970
970
1250
1370
151 121
Dec 19 Dec 17 Dec 18 Plan 22
Japan
NorthAmerica
Europe
Asia
China
Other
Global Production Capacity
5137
Unit (thousand)
5560 -423
China +120(GAC Honda)
Thailand -150 announced in FY2017
JapanUK Mexico TurkeyArgentina
-250-150
-63-50-30
-543+120
By the end of FY2022July 2021Early 2020By the end of CY2021By the end of CY2020
- Factory closing timingJapan UK Mexico Turkey Argentina
31
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
32
Overview of Motorcycle Business
143 110177 192 182 171
267 292
106
82
105 104 101 99
131 139
(50)
50
150
250
350
FY2012 2013 2014 2015 2016 2017 2018 2019
Operating profit and margin and Unit sales until FY13 are based on US GAAP while FY14 and after are based on IFRS
Honda MC Business = High Profitability + Stability + Growth Potential
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Automobile Operations by Regions
ltIndustrygt
ltHondagt
United StatesJapanltIndustrygt
ltHondagt
Unit(thousands)
Source Autodata
Source Honda
Source JAMA
Source Honda
Increase production efficiency throughsimplifying model allocation
Improve capacity utilization through exporting global models to Europe
601
717
848 788
704 711 725 749
0
250
500
750
1000
FY12 13 14 15 16 17 18 19
Registered vehiclesMini vehicles
14491 15600 16522
17479 17550 17230 17274 17048
0
5000
10000
15000
20000
CY12 13 14 15 16 17 18 19
Passenger CarsLight Trucks
1423 1525 1541 1587 1638 1641 1605 1608
0
500
1000
1500
2000
CY12 13 14 15 16 17 18 19
AcuraHonda Passenger CarsHonda Light Trucks
47535211
56925297
4937 5077 5195 5259
0
2500
5000
7500
FY12 13 14 15 16 17 18 19
Registered vehiclesMini vehicles
27
Graph1
Mini vehicles
Registered vehicles
合計
1629
3124
4753
1973
3238
5211
2262
3430
5692
2173
3124
5297
1813
3124
4937
17199
33567
50766
1858884
333658
5195464
1922972
3335534
5258506
Sheet1
4796
5696 5853 5507 5475 5643 6137 6453
5946
0
4000
8000
CY11 12 13 14 15 16 17 18 19
Malaysia Thailand IndonesiaPhilippines India
2011-2014 Wholesale 2015-2018 Retail
Automobile Operations by Regions
China
ltHondagt
Unit(thousands)
(excluding commercial vehicles)ltIndustrygt
Source Honda
Source Honda
Further expand sister model strategy
ltIndustrygt
ltHondagt
Asia
Source Honda
Source Honda
(Five main markets in Asia)
India excluding commercial vehicles and pickups
Introduce new models to meet specific market needs in each Asian market
227
356
474 524
587 578 629
592 519
0
250
500
750
CY11 12 13 14 15 16 17 18 19
Malaysia ThailandIndonesia PhilippinesIndia
14473 15495 17929
19701 21146
24378 24719 23671
0
10000
20000
30000
CY11 12 13 14 15 16 17 18
Minivan SUVMPV Sedan
21444
19
622 599 757 793
1010
1256
1458 1432 1554
0
500
1000
1500
CY11 12 13 14 15 16 17 18 19
Acura SUVMPV Sedan
28
Sedan(4D5D) SUV MPV
D
GACHonda
DongfengHonda
C
GACHonda
DongfengHonda
B
GACHonda
DongfengHonda
By utilizing common platforms and strengthening local procurement and RampD functions successive launch of cost competitive models being realized
JadeCrider
Odyssey
Gienia
Segment
Fit CityVezel
XR-V
CR-V
Elysion
Greiz
UR-V
Civic
Avancier
Regional Models China
Two joint ventures offer different model types
consistent with their respective brand image
Accord(May 2018)
Inspire(Oct 2018)
EverusVE-1
X-NV
ENVIX(Apr 2019)
Breeze(Nov 2019)
29
150 141 140 133 132 138 135 131
122
0
100
200
CY11 12 13 14 15 16 17 18 19
Automobile Operations by Regions
Brazil
ltHondagt
Unit(thousands)
ltIndustrygt
Source Honda
Source ANFAVEA
(Main market in Other Region) excluding trucks
Improve Forex toughness by increasing local procurement and localization of development
ltIndustrygt
ltHondagt
Europe (EU+EFTA)(excluding commercial vehicles)
(EU and EFTA)Source ACEA Honda
Source ACEA Honda
100 electrification targeted by 2025
13542 12452 12240 12913
14095 15132 15631 15624 15806
0
5000
10000
15000
20000
CY11 12 13 14 15 16 17 18 19
3426 3634 3580 3333
2481 1989 2176
2475 2666
0
2500
5000
CY11 12 13 14 15 16 17 18 19
93
135 139 138 153
123 131 132 129
0
100
200
CY11 12 13 14 15 16 17 18 19
30
1066 816
19231860
200
970
970
1250
1370
151 121
Dec 19 Dec 17 Dec 18 Plan 22
Japan
NorthAmerica
Europe
Asia
China
Other
Global Production Capacity
5137
Unit (thousand)
5560 -423
China +120(GAC Honda)
Thailand -150 announced in FY2017
JapanUK Mexico TurkeyArgentina
-250-150
-63-50-30
-543+120
By the end of FY2022July 2021Early 2020By the end of CY2021By the end of CY2020
- Factory closing timingJapan UK Mexico Turkey Argentina
31
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
32
Overview of Motorcycle Business
143 110177 192 182 171
267 292
106
82
105 104 101 99
131 139
(50)
50
150
250
350
FY2012 2013 2014 2015 2016 2017 2018 2019
Operating profit and margin and Unit sales until FY13 are based on US GAAP while FY14 and after are based on IFRS
Honda MC Business = High Profitability + Stability + Growth Potential
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Graph1
Mini vehicles
Registered vehicles
合計
1629
3124
4753
1973
3238
5211
2262
3430
5692
2173
3124
5297
1813
3124
4937
17199
33567
50766
1858884
333658
5195464
1922972
3335534
5258506
Sheet1
4796
5696 5853 5507 5475 5643 6137 6453
5946
0
4000
8000
CY11 12 13 14 15 16 17 18 19
Malaysia Thailand IndonesiaPhilippines India
2011-2014 Wholesale 2015-2018 Retail
Automobile Operations by Regions
China
ltHondagt
Unit(thousands)
(excluding commercial vehicles)ltIndustrygt
Source Honda
Source Honda
Further expand sister model strategy
ltIndustrygt
ltHondagt
Asia
Source Honda
Source Honda
(Five main markets in Asia)
India excluding commercial vehicles and pickups
Introduce new models to meet specific market needs in each Asian market
227
356
474 524
587 578 629
592 519
0
250
500
750
CY11 12 13 14 15 16 17 18 19
Malaysia ThailandIndonesia PhilippinesIndia
14473 15495 17929
19701 21146
24378 24719 23671
0
10000
20000
30000
CY11 12 13 14 15 16 17 18
Minivan SUVMPV Sedan
21444
19
622 599 757 793
1010
1256
1458 1432 1554
0
500
1000
1500
CY11 12 13 14 15 16 17 18 19
Acura SUVMPV Sedan
28
Sedan(4D5D) SUV MPV
D
GACHonda
DongfengHonda
C
GACHonda
DongfengHonda
B
GACHonda
DongfengHonda
By utilizing common platforms and strengthening local procurement and RampD functions successive launch of cost competitive models being realized
JadeCrider
Odyssey
Gienia
Segment
Fit CityVezel
XR-V
CR-V
Elysion
Greiz
UR-V
Civic
Avancier
Regional Models China
Two joint ventures offer different model types
consistent with their respective brand image
Accord(May 2018)
Inspire(Oct 2018)
EverusVE-1
X-NV
ENVIX(Apr 2019)
Breeze(Nov 2019)
29
150 141 140 133 132 138 135 131
122
0
100
200
CY11 12 13 14 15 16 17 18 19
Automobile Operations by Regions
Brazil
ltHondagt
Unit(thousands)
ltIndustrygt
Source Honda
Source ANFAVEA
(Main market in Other Region) excluding trucks
Improve Forex toughness by increasing local procurement and localization of development
ltIndustrygt
ltHondagt
Europe (EU+EFTA)(excluding commercial vehicles)
(EU and EFTA)Source ACEA Honda
Source ACEA Honda
100 electrification targeted by 2025
13542 12452 12240 12913
14095 15132 15631 15624 15806
0
5000
10000
15000
20000
CY11 12 13 14 15 16 17 18 19
3426 3634 3580 3333
2481 1989 2176
2475 2666
0
2500
5000
CY11 12 13 14 15 16 17 18 19
93
135 139 138 153
123 131 132 129
0
100
200
CY11 12 13 14 15 16 17 18 19
30
1066 816
19231860
200
970
970
1250
1370
151 121
Dec 19 Dec 17 Dec 18 Plan 22
Japan
NorthAmerica
Europe
Asia
China
Other
Global Production Capacity
5137
Unit (thousand)
5560 -423
China +120(GAC Honda)
Thailand -150 announced in FY2017
JapanUK Mexico TurkeyArgentina
-250-150
-63-50-30
-543+120
By the end of FY2022July 2021Early 2020By the end of CY2021By the end of CY2020
- Factory closing timingJapan UK Mexico Turkey Argentina
31
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
32
Overview of Motorcycle Business
143 110177 192 182 171
267 292
106
82
105 104 101 99
131 139
(50)
50
150
250
350
FY2012 2013 2014 2015 2016 2017 2018 2019
Operating profit and margin and Unit sales until FY13 are based on US GAAP while FY14 and after are based on IFRS
Honda MC Business = High Profitability + Stability + Growth Potential
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
FY12
FY12
FY12
13
13
13
14
14
14
15
15
15
16
16
16
17
17
17
18
18
18
19
19
19
Sheet1
4796
5696 5853 5507 5475 5643 6137 6453
5946
0
4000
8000
CY11 12 13 14 15 16 17 18 19
Malaysia Thailand IndonesiaPhilippines India
2011-2014 Wholesale 2015-2018 Retail
Automobile Operations by Regions
China
ltHondagt
Unit(thousands)
(excluding commercial vehicles)ltIndustrygt
Source Honda
Source Honda
Further expand sister model strategy
ltIndustrygt
ltHondagt
Asia
Source Honda
Source Honda
(Five main markets in Asia)
India excluding commercial vehicles and pickups
Introduce new models to meet specific market needs in each Asian market
227
356
474 524
587 578 629
592 519
0
250
500
750
CY11 12 13 14 15 16 17 18 19
Malaysia ThailandIndonesia PhilippinesIndia
14473 15495 17929
19701 21146
24378 24719 23671
0
10000
20000
30000
CY11 12 13 14 15 16 17 18
Minivan SUVMPV Sedan
21444
19
622 599 757 793
1010
1256
1458 1432 1554
0
500
1000
1500
CY11 12 13 14 15 16 17 18 19
Acura SUVMPV Sedan
28
Sedan(4D5D) SUV MPV
D
GACHonda
DongfengHonda
C
GACHonda
DongfengHonda
B
GACHonda
DongfengHonda
By utilizing common platforms and strengthening local procurement and RampD functions successive launch of cost competitive models being realized
JadeCrider
Odyssey
Gienia
Segment
Fit CityVezel
XR-V
CR-V
Elysion
Greiz
UR-V
Civic
Avancier
Regional Models China
Two joint ventures offer different model types
consistent with their respective brand image
Accord(May 2018)
Inspire(Oct 2018)
EverusVE-1
X-NV
ENVIX(Apr 2019)
Breeze(Nov 2019)
29
150 141 140 133 132 138 135 131
122
0
100
200
CY11 12 13 14 15 16 17 18 19
Automobile Operations by Regions
Brazil
ltHondagt
Unit(thousands)
ltIndustrygt
Source Honda
Source ANFAVEA
(Main market in Other Region) excluding trucks
Improve Forex toughness by increasing local procurement and localization of development
ltIndustrygt
ltHondagt
Europe (EU+EFTA)(excluding commercial vehicles)
(EU and EFTA)Source ACEA Honda
Source ACEA Honda
100 electrification targeted by 2025
13542 12452 12240 12913
14095 15132 15631 15624 15806
0
5000
10000
15000
20000
CY11 12 13 14 15 16 17 18 19
3426 3634 3580 3333
2481 1989 2176
2475 2666
0
2500
5000
CY11 12 13 14 15 16 17 18 19
93
135 139 138 153
123 131 132 129
0
100
200
CY11 12 13 14 15 16 17 18 19
30
1066 816
19231860
200
970
970
1250
1370
151 121
Dec 19 Dec 17 Dec 18 Plan 22
Japan
NorthAmerica
Europe
Asia
China
Other
Global Production Capacity
5137
Unit (thousand)
5560 -423
China +120(GAC Honda)
Thailand -150 announced in FY2017
JapanUK Mexico TurkeyArgentina
-250-150
-63-50-30
-543+120
By the end of FY2022July 2021Early 2020By the end of CY2021By the end of CY2020
- Factory closing timingJapan UK Mexico Turkey Argentina
31
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
32
Overview of Motorcycle Business
143 110177 192 182 171
267 292
106
82
105 104 101 99
131 139
(50)
50
150
250
350
FY2012 2013 2014 2015 2016 2017 2018 2019
Operating profit and margin and Unit sales until FY13 are based on US GAAP while FY14 and after are based on IFRS
Honda MC Business = High Profitability + Stability + Growth Potential
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
FY06
FY07
FY08
FY09
FY10
FY11
FY12
13
14
15
16
17
18
19
Mini vehicles
1948
2031
1893
1809
1698
1689
1629
1973
2262
2173
1813
1720
1859
1923
Registered vehicles
3913
3588
3426
2892
3182
2912
3124
3238
3430
3124
3124
3357
3337
3336
合計 ゴウケイ
5861
5619
5319
4701
4880
4601
4753
5211
5692
5297
4937
5077
5195
5259
4796
5696 5853 5507 5475 5643 6137 6453
5946
0
4000
8000
CY11 12 13 14 15 16 17 18 19
Malaysia Thailand IndonesiaPhilippines India
2011-2014 Wholesale 2015-2018 Retail
Automobile Operations by Regions
China
ltHondagt
Unit(thousands)
(excluding commercial vehicles)ltIndustrygt
Source Honda
Source Honda
Further expand sister model strategy
ltIndustrygt
ltHondagt
Asia
Source Honda
Source Honda
(Five main markets in Asia)
India excluding commercial vehicles and pickups
Introduce new models to meet specific market needs in each Asian market
227
356
474 524
587 578 629
592 519
0
250
500
750
CY11 12 13 14 15 16 17 18 19
Malaysia ThailandIndonesia PhilippinesIndia
14473 15495 17929
19701 21146
24378 24719 23671
0
10000
20000
30000
CY11 12 13 14 15 16 17 18
Minivan SUVMPV Sedan
21444
19
622 599 757 793
1010
1256
1458 1432 1554
0
500
1000
1500
CY11 12 13 14 15 16 17 18 19
Acura SUVMPV Sedan
28
Sedan(4D5D) SUV MPV
D
GACHonda
DongfengHonda
C
GACHonda
DongfengHonda
B
GACHonda
DongfengHonda
By utilizing common platforms and strengthening local procurement and RampD functions successive launch of cost competitive models being realized
JadeCrider
Odyssey
Gienia
Segment
Fit CityVezel
XR-V
CR-V
Elysion
Greiz
UR-V
Civic
Avancier
Regional Models China
Two joint ventures offer different model types
consistent with their respective brand image
Accord(May 2018)
Inspire(Oct 2018)
EverusVE-1
X-NV
ENVIX(Apr 2019)
Breeze(Nov 2019)
29
150 141 140 133 132 138 135 131
122
0
100
200
CY11 12 13 14 15 16 17 18 19
Automobile Operations by Regions
Brazil
ltHondagt
Unit(thousands)
ltIndustrygt
Source Honda
Source ANFAVEA
(Main market in Other Region) excluding trucks
Improve Forex toughness by increasing local procurement and localization of development
ltIndustrygt
ltHondagt
Europe (EU+EFTA)(excluding commercial vehicles)
(EU and EFTA)Source ACEA Honda
Source ACEA Honda
100 electrification targeted by 2025
13542 12452 12240 12913
14095 15132 15631 15624 15806
0
5000
10000
15000
20000
CY11 12 13 14 15 16 17 18 19
3426 3634 3580 3333
2481 1989 2176
2475 2666
0
2500
5000
CY11 12 13 14 15 16 17 18 19
93
135 139 138 153
123 131 132 129
0
100
200
CY11 12 13 14 15 16 17 18 19
30
1066 816
19231860
200
970
970
1250
1370
151 121
Dec 19 Dec 17 Dec 18 Plan 22
Japan
NorthAmerica
Europe
Asia
China
Other
Global Production Capacity
5137
Unit (thousand)
5560 -423
China +120(GAC Honda)
Thailand -150 announced in FY2017
JapanUK Mexico TurkeyArgentina
-250-150
-63-50-30
-543+120
By the end of FY2022July 2021Early 2020By the end of CY2021By the end of CY2020
- Factory closing timingJapan UK Mexico Turkey Argentina
31
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
32
Overview of Motorcycle Business
143 110177 192 182 171
267 292
106
82
105 104 101 99
131 139
(50)
50
150
250
350
FY2012 2013 2014 2015 2016 2017 2018 2019
Operating profit and margin and Unit sales until FY13 are based on US GAAP while FY14 and after are based on IFRS
Honda MC Business = High Profitability + Stability + Growth Potential
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
Sedan(4D5D) SUV MPV
D
GACHonda
DongfengHonda
C
GACHonda
DongfengHonda
B
GACHonda
DongfengHonda
By utilizing common platforms and strengthening local procurement and RampD functions successive launch of cost competitive models being realized
JadeCrider
Odyssey
Gienia
Segment
Fit CityVezel
XR-V
CR-V
Elysion
Greiz
UR-V
Civic
Avancier
Regional Models China
Two joint ventures offer different model types
consistent with their respective brand image
Accord(May 2018)
Inspire(Oct 2018)
EverusVE-1
X-NV
ENVIX(Apr 2019)
Breeze(Nov 2019)
29
150 141 140 133 132 138 135 131
122
0
100
200
CY11 12 13 14 15 16 17 18 19
Automobile Operations by Regions
Brazil
ltHondagt
Unit(thousands)
ltIndustrygt
Source Honda
Source ANFAVEA
(Main market in Other Region) excluding trucks
Improve Forex toughness by increasing local procurement and localization of development
ltIndustrygt
ltHondagt
Europe (EU+EFTA)(excluding commercial vehicles)
(EU and EFTA)Source ACEA Honda
Source ACEA Honda
100 electrification targeted by 2025
13542 12452 12240 12913
14095 15132 15631 15624 15806
0
5000
10000
15000
20000
CY11 12 13 14 15 16 17 18 19
3426 3634 3580 3333
2481 1989 2176
2475 2666
0
2500
5000
CY11 12 13 14 15 16 17 18 19
93
135 139 138 153
123 131 132 129
0
100
200
CY11 12 13 14 15 16 17 18 19
30
1066 816
19231860
200
970
970
1250
1370
151 121
Dec 19 Dec 17 Dec 18 Plan 22
Japan
NorthAmerica
Europe
Asia
China
Other
Global Production Capacity
5137
Unit (thousand)
5560 -423
China +120(GAC Honda)
Thailand -150 announced in FY2017
JapanUK Mexico TurkeyArgentina
-250-150
-63-50-30
-543+120
By the end of FY2022July 2021Early 2020By the end of CY2021By the end of CY2020
- Factory closing timingJapan UK Mexico Turkey Argentina
31
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
32
Overview of Motorcycle Business
143 110177 192 182 171
267 292
106
82
105 104 101 99
131 139
(50)
50
150
250
350
FY2012 2013 2014 2015 2016 2017 2018 2019
Operating profit and margin and Unit sales until FY13 are based on US GAAP while FY14 and after are based on IFRS
Honda MC Business = High Profitability + Stability + Growth Potential
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
150 141 140 133 132 138 135 131
122
0
100
200
CY11 12 13 14 15 16 17 18 19
Automobile Operations by Regions
Brazil
ltHondagt
Unit(thousands)
ltIndustrygt
Source Honda
Source ANFAVEA
(Main market in Other Region) excluding trucks
Improve Forex toughness by increasing local procurement and localization of development
ltIndustrygt
ltHondagt
Europe (EU+EFTA)(excluding commercial vehicles)
(EU and EFTA)Source ACEA Honda
Source ACEA Honda
100 electrification targeted by 2025
13542 12452 12240 12913
14095 15132 15631 15624 15806
0
5000
10000
15000
20000
CY11 12 13 14 15 16 17 18 19
3426 3634 3580 3333
2481 1989 2176
2475 2666
0
2500
5000
CY11 12 13 14 15 16 17 18 19
93
135 139 138 153
123 131 132 129
0
100
200
CY11 12 13 14 15 16 17 18 19
30
1066 816
19231860
200
970
970
1250
1370
151 121
Dec 19 Dec 17 Dec 18 Plan 22
Japan
NorthAmerica
Europe
Asia
China
Other
Global Production Capacity
5137
Unit (thousand)
5560 -423
China +120(GAC Honda)
Thailand -150 announced in FY2017
JapanUK Mexico TurkeyArgentina
-250-150
-63-50-30
-543+120
By the end of FY2022July 2021Early 2020By the end of CY2021By the end of CY2020
- Factory closing timingJapan UK Mexico Turkey Argentina
31
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
32
Overview of Motorcycle Business
143 110177 192 182 171
267 292
106
82
105 104 101 99
131 139
(50)
50
150
250
350
FY2012 2013 2014 2015 2016 2017 2018 2019
Operating profit and margin and Unit sales until FY13 are based on US GAAP while FY14 and after are based on IFRS
Honda MC Business = High Profitability + Stability + Growth Potential
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
1066 816
19231860
200
970
970
1250
1370
151 121
Dec 19 Dec 17 Dec 18 Plan 22
Japan
NorthAmerica
Europe
Asia
China
Other
Global Production Capacity
5137
Unit (thousand)
5560 -423
China +120(GAC Honda)
Thailand -150 announced in FY2017
JapanUK Mexico TurkeyArgentina
-250-150
-63-50-30
-543+120
By the end of FY2022July 2021Early 2020By the end of CY2021By the end of CY2020
- Factory closing timingJapan UK Mexico Turkey Argentina
31
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
32
Overview of Motorcycle Business
143 110177 192 182 171
267 292
106
82
105 104 101 99
131 139
(50)
50
150
250
350
FY2012 2013 2014 2015 2016 2017 2018 2019
Operating profit and margin and Unit sales until FY13 are based on US GAAP while FY14 and after are based on IFRS
Honda MC Business = High Profitability + Stability + Growth Potential
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
32
Overview of Motorcycle Business
143 110177 192 182 171
267 292
106
82
105 104 101 99
131 139
(50)
50
150
250
350
FY2012 2013 2014 2015 2016 2017 2018 2019
Operating profit and margin and Unit sales until FY13 are based on US GAAP while FY14 and after are based on IFRS
Honda MC Business = High Profitability + Stability + Growth Potential
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
Overview of Motorcycle Business
143 110177 192 182 171
267 292
106
82
105 104 101 99
131 139
(50)
50
150
250
350
FY2012 2013 2014 2015 2016 2017 2018 2019
Operating profit and margin and Unit sales until FY13 are based on US GAAP while FY14 and after are based on IFRS
Honda MC Business = High Profitability + Stability + Growth Potential
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
FY05
FY06
FY07
FY2008
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
OP
69332
113974
1006
1513
999
588
1386
1426
1102
1769
1922
1818
1707
267
292
OPM
00631580482
00929783686
73
97
71
52
108
106
82
105
104
101
99
131
139
1689
1716
2039
Graph1
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
Sheet1
Indonesia
Malaysia
Thailand
VietnamIndia
PakistanChina
Japan
Bangladesh
Brazil
Argentine
PeruNigeria
Kenya
ItalyUSA
(ATV StimesS)Mexico
Philippines
26
India188 mil
79
Vietnam33 mil
76
Indonesia65 mil
81Brazil11 mil
79
Thailand17 mil
22USA (MC+ATV)
07 mil
50
04 mil
21Europe10 mil
Motorcycle productionat 35 plants in 21 countries
Annual Production Capacity in India
64mil in 2017 70mil in 2020
Market share excluding 50cc
Motorcycle Market Size and Honda Share (CY2019)
34
1339
264
96
6940
33
25
8
Significant growth expected
Motorcycle Market Penetration in Asia (millions)
Source Honda amp IMF
02mil
Growth in Motorcycle Popularity
Next Markets Growing Markets Mature Markets
1000
2000
3000
4000
(USD)
India216 mil
Indonesia63mil
Thailand
Vietnam
Pakistan
Philippines
BangladeshMyanmar
GDP per capita 18mil
33mil
(CY2018)
Kenya
Nigeria
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
Sheet1
Indonesia
Malaysia
Thailand
VietnamIndia
PakistanChina
Japan
Bangladesh
Brazil
Argentine
PeruNigeria
Kenya
ItalyUSA
(ATV StimesS)Mexico
Philippines
26
India188 mil
79
Vietnam33 mil
76
Indonesia65 mil
81Brazil11 mil
79
Thailand17 mil
22USA (MC+ATV)
07 mil
50
04 mil
21Europe10 mil
Motorcycle productionat 35 plants in 21 countries
Annual Production Capacity in India
64mil in 2017 70mil in 2020
Market share excluding 50cc
Motorcycle Market Size and Honda Share (CY2019)
34
1339
264
96
6940
33
25
8
Significant growth expected
Motorcycle Market Penetration in Asia (millions)
Source Honda amp IMF
02mil
Growth in Motorcycle Popularity
Next Markets Growing Markets Mature Markets
1000
2000
3000
4000
(USD)
India216 mil
Indonesia63mil
Thailand
Vietnam
Pakistan
Philippines
BangladeshMyanmar
GDP per capita 18mil
33mil
(CY2018)
Kenya
Nigeria
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
FY2009
2010
2011
FY2012
2013
2014
2015
2016
2017
2018
2019
2020(P)
グル台合計 ダイゴウケイ
10114000
9639000
18331000
15061000
15494000
17008000
17592000
17055000
17661000
19554000
20238000
19900000
Indonesia
Malaysia
Thailand
VietnamIndia
PakistanChina
Japan
Bangladesh
Brazil
Argentine
PeruNigeria
Kenya
ItalyUSA
(ATV StimesS)Mexico
Philippines
26
India188 mil
79
Vietnam33 mil
76
Indonesia65 mil
81Brazil11 mil
79
Thailand17 mil
22USA (MC+ATV)
07 mil
50
04 mil
21Europe10 mil
Motorcycle productionat 35 plants in 21 countries
Annual Production Capacity in India
64mil in 2017 70mil in 2020
Market share excluding 50cc
Motorcycle Market Size and Honda Share (CY2019)
34
1339
264
96
6940
33
25
8
Significant growth expected
Motorcycle Market Penetration in Asia (millions)
Source Honda amp IMF
02mil
Growth in Motorcycle Popularity
Next Markets Growing Markets Mature Markets
1000
2000
3000
4000
(USD)
India216 mil
Indonesia63mil
Thailand
Vietnam
Pakistan
Philippines
BangladeshMyanmar
GDP per capita 18mil
33mil
(CY2018)
Kenya
Nigeria
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
1339
264
96
6940
33
25
8
Significant growth expected
Motorcycle Market Penetration in Asia (millions)
Source Honda amp IMF
02mil
Growth in Motorcycle Popularity
Next Markets Growing Markets Mature Markets
1000
2000
3000
4000
(USD)
India216 mil
Indonesia63mil
Thailand
Vietnam
Pakistan
Philippines
BangladeshMyanmar
GDP per capita 18mil
33mil
(CY2018)
Kenya
Nigeria
Source Honda amp United NationsNote penetration rate is as of 2017
Activa 125 (India)BS6 compatible model
35
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
Graph1
Number of motorcycles units in operation
Population
28
41
32
64
66
198
107
1232
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
Thailand
Thailand
Vietnam
Vietnam
Indonesia
Indonesia
India
India
Sheet1
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Thailand
Vietnam
Indonesia
India
Number of motorcycles units in operation
28
32
66
107
Population
41
64
198
1232
Population
69
96
264
1339
0
5
10
15
20
25
30
35
40
45
50
CY2010 2012 2014 2016 2018
Motorcycle Market Share Trend in India
Scooter Unit Sales of Honda Competitors and Honda Share in Scooter Market
SCSC
MCMC
Fast Growing Segment Scooter Motorcycle Sales Ratio (Industry)
Honda
Honda is now No2 in market share
India
Company C
Company A
Company BCompany D
(Wholesale)
Hero Honda
In CY2011 In CY201931
69
0
10
20
30
40
50
60
70
0
1000
2000
3000
4000
5000
6000
7000
8000
CY2011 2012 2013 2014 2015 2016 2017 2018 2019
Competitors (Unit) Honda (Unit)Honda Share()
36
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Graph1
列1
018
082
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
SC
MC
Sheet1
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
列1
SC
18
MC
82
グラフのデータ範囲の大きさを変更するには範囲の右下隅をドラッグしてください
48 48 51 52 53 54
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
2500
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
Honda Business Strategy
Motorcycle Business Operations in Next Markets
CD70
Unit(thousands)
Unit(thousands)
Unit(thousands)
MyanmarPakistan
Bangladeshlt Pakistan gtLocal production capacity was increased to 135 million
units in 2016Expand dealer network and number of service shopsExpand model line-up by strengthening the
competitiveness of core 70cc models as well as introducing larger sized 125cc to 150cc models
lt Myanmar gtExpand model Line-upExpand dealership network
lt Bangladesh＞New plant has started production(100k units in 2018 and 200k units in 2021) Expand dealership networkCost reductions through increase in local procurement
04 5 6 8 11
0
10
20
30
40
50
60
70
0
250
500
750
1000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
1 19 11 14
18
0
10
20
30
40
50
60
70
0
500
1000
1500
2000
FY2014 2015 2016 2017 2018 2019
Others
Honda
Share
37
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
Electrification in Motorcycle and Mobile Battery
Introduced PCX ELECTRIC PCX HYBRID in Japan (2018)
For future expansion of electric motorcyclesscooters - Honda and Panasonic to Begin Research Experiment on Battery Sharing Using
Detachable Mobile Batteries and Electric Motorcycles in Indonesia
- Utilizing electric commuters which feature a detachable mobile battery is under consideration (in collaboration with the Japan Post Co Ltd)
- E-KIZUNA project with Saitama-city and Yamaha Motor Co Ltd is conducting an experiment involving electric motorcycles and replacement of batteries EV motorcycle sharing scheme also under consideration
PCX ELECTRIC Honda Mobile Power Pack Honda Mobile Power Pack Exchanger
38
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
39
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
Hondarsquos Approach Based on 2030 Vision
Creating new values through the fusion of technologies in mobility energy and robotics
Mobility
Energy Robotics
40
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
Honda eMaaS
Connecting motorized mobility and energy servicesand contribute to freedom of mobility
and more widespread use of renewable energy
Serve the joy and freedom of mobility via our carbon-free initiatives
3E-B18
HondaPATH Bot
MicroGrid
EaaSBEV
ESMO Concept3E-C18
MaaS
PHEV FCV
Honda eMaaS
Stationarydistributedgenerator
Honda Mobile Power Pack
(Detachable portable battery)
HondaMobile Power Pack
Exchanger(Charging station unit)
SmartHydrogen
Station
Honda Mobile Power PackCharge amp Supply Concept
(Portable chargerand discharger)
Portabledistributed generator
Use of environmentally friendly smart electricity
Stationary battery storage station
Honda Power ManagerPrototype
(Bidirectional charge and supply device)
The joy of making their lives better
Power Exporter 9000(Portable external
power output devicefor V2L)
ubitricity SmartCableubitricity SimpleSocket
(Smart charging cable )
Expansion of use of renewable energy
PCX ELECTRIC(Electric motorcycle)
Honda Mobile Power Pack4W-Vehicle Concept
(Small electric mobility)
The joy and freedom of mobility
HondaMobile Power Pack
Vehicle with dual power supply system
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
41
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
Initiatives towards the Presentation of Resource Aggregation Services
Honda will accelerate the realization of Honda eMaaSwith investments in Moixa and Ubitricity
定置型バッテリ（家庭用業務用大型）
電力小売業者アセット管理者
ネットワークパートナー
電力市場の自由化により生まれた新しい業態
リソースアグリゲータ
EV バッテリ
Honda eMaaSPlatform
Control targetBattery
Chargeable and dischargeable EV
Electricmotorcycle
Chargers and dischargers
Telematics server Resource aggregation Battery integrated management engine
DC chargerHonda Power Manager
AC chargerSmart Cable
Other companyrsquos battery
Other
etc
Stationary battery
Detachable portable battery
Chargingstation
Honda eMaaS is abbreviation of Honda Energy Mobility as a Service
42
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
2030 Vision
- Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives -
Serve people worldwide with the ldquojoy of expanding their lifersquos potentialrdquo
43
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
44
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
Corporate Governance
- For faster decision making transfer of authority to Executive Council from Board of Directorsto resolve most matters
- Board of Directors will focus more on discussions of mid to long term business strategies as well as strengthening of oversight function
- Introduced a new stock-based remuneration system which is linked with the Companyrsquos financial performance over the medium to long term period in 2018
Number of Directors Internal OutsideDirectors Total
Excluding Audit and Supervisory Comm Members 6 2 8 Audit and Supervisory Committee Members 2 3 5 Total 8 5 13
45
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
External Evaluation on Hondarsquos Stakeholder Engagement
In January 2019 CDP released the results of a survey on climate change initiatives and reduction of GHG emissions for 5000 major companies worldwideHonda received an A- rating a score at the leadership level in the CDPJapan 500 Climate Change Report 2018 one of those categoriesCDP is an international NPO that provides a global system formeasuring disclosing managing and sharing important environmentalinformation from companies and cities The level of company initiatives in environmental challenges are evaluated in the four stages of information disclosure awareness management and leadershipPlease refer to the Environment section of the Performance Report for the items required by the FSB Task Force on Climate-relatedFinancial Disclosures (TCFD) one of the CDP evaluation indices
Securing an A-Rating on the CDP Japan 500Climate Change Report 2018
Honda was selected for the fourth year running with a Bronze Classrating in the Automobiles sector of the Sustainability Award 2019 Issued by Switzerland-based RobecoSAM RobecoSAM evaluates sustainability of approximately 2500 companies worldwide in terms of economic environmental and social criteria Companies deemed to be particularly outstanding in each sector are rated in categories of Gold Class Silver Class and Bronze Class each year
Selected for the Fourth Straight Year with a Bronze Class Rating in the RobecoSAM Sustainability Index
Selected to the Dow Jones Sustainability World Index
In September 2019Honda was selected for the third consecutive year as a component of the Dow Jones Sustainability World Index (ldquoDJSI Worldrdquo) The Dow Jones Sustainability Indices (ldquoDJSIrdquo) serveas one of the key benchmarks for socially responsible investingThe DJSI are the investment indices developed and offered cooperatively by the US-based SampP Dow Jones Indices and Switzerland-based RobecoSAM who evaluate sustainability of the worldrsquos leading companies in terms of economic environmentaland social criteria and select companies that demonstrate overall excellence for the indicesBased on their annual DJSI review SampP Dow Jones Indices and RobecoSAM published the components list and Honda was selected as a component of the Dow Jones SustainabilityAsiaPacific Index for five consecutive years In the review Hondawas also ranked in the top 4 for the global Automobile sector and added to the DJSI World
46
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
Honda Corporate Update
Business Status
Automobile Business Strategy
Motorcycle Business Strategy
Honda eMaaS 2030 Vision
Other Topics
Financial Highlights
47
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
FY19 FY20 Change
Sales revenue 39736 37475 - 57
Operating profit 1701 1666 - 21
Operating margin 43 44 + 01pt Share of profit of investments accounted for using the equity method 514 415 - 192
Profit before income taxes 2269 2067 - 89 Profit for the period attributable to owners of the parent 1682 1164 - 308 Earnings per share attributable to owners of the parent (Yen) 9561 6637 - 2924
Market average rates (Yen)
US Dollar 113 109 - 4
Financial Results Yen (billion)
QTD
FY19 FY20 Change
Motorcycles 5013 5019 + 01
Automobiles 1408 1247 - 114
Life Creation 1351 1195 - 115
Honda GroupUnit Sales
QTD
(thousand)
FY20 3rd Quarter Financial Results (Consolidated)
Operating profit
Automobiles
Motorcycles Increased sales units in China Thailand and Brazil although decreased unit sales in India
Decreased sales units in Japan the United States and China
Decreased by 21 to 1666 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects which was partially offset by decreased selling general and administrative expenses as well as continuing cost reduction
Decreased by 57 to 37475 billion from the same period last year due mainly to decreased sales revenue in Automobile business as well as negative foreign currency translation effects which was partially offset by increased sales revenue in Financial services business operations
Sales revenue
Profit for the period
Share of profit of investments accounted for using the equity method
Decreased by 192 to 415 billion from the same period last year due mainly to a decrease in profit attributable to decreased sales revenue and model mix in China
Decreased by 308 to 1164 billion from the same period last year due mainly to decreased profit before income taxes and increased income tax expense in the United States 48
和文
英文
和文
（千台）
英文
(thousand)
Sheet1
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Honda GroupUnit Sales
QTD
FY19
FY20
Change
Motorcycles
5013
5019
+ 01
Automobiles
1408
1247
- 114
Life Creation
1351
1195
- 115
Hondaグループ販売台数 ハンバイ ダイスウ
第３四半期（３ヵ月間） ダイ シハンキ ゲツ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
二輪事業 ニリン ジギョウ
5013
5019
+ 01
四輪事業 ヨンリン ジギョウ
1408
1247
- 114
ライフクリエーション事業 ジギョウ
1351
1195
- 115
Financial Results Yen (billion)
QTD
FY19
FY20
Change
Sales revenue
39736
37475
- 57
Operating profit
1701
1666
- 21
Operating margin
43
44
+ 01pt
Share of profit of investments accounted for using the equity method
514
415
- 192
Profit before income taxes
2269
2067
- 89
Profit for the period attributable to owners of the parent
1682
1164
- 308
Earnings per share attributable to owners of the parent (Yen)
9561
6637
- 2924
Market average rates (Yen)
US Dollar
113
109
- 4
損益状況 （億円） ソンエキ ジョウキョウ オクエン
第３四半期（３ヵ月間） ダイ シハンキ ゲツ アイダ
2018年度実績 ネン ド ジッセキ
2019年度実績 ネン ド ジッセキ
増減率 ゾウゲン リツ
売上収益 ウリアゲ シュウエキ
39736
37475
- 57
営業利益 エイギョウ リエキ
1701
1666
- 21
営業利益率 エイギョウ リエキ リツ
43
44
+ 01pt
持分法による投資利益 モチブンポウ トウシ リエキ
514
415
- 192
税引前利益 ゼイビキ マエ リエキ
2269
2067
- 89
親会社の所有者に 帰属する四半期利益 オヤ カイシャ ショユウシャ キゾク シハンキ リエキ
1682
1164
- 308
1株当たり四半期利益 カブ ア シハンキ リエキ
9561円
6637円
- 2924円
期中平均為替レート カワセ
米ドル ベイ
113円
109円
4円 円高
2269 - 301
- 352
+ 465
+ 553
- 68
- 400
2067- 98
Change in Profit before Income Taxes ltFY20 3rd Qtrgt
FY19 3Q
OperatingProfit
1701
OperatingProfit
1666
Revenuemodel mix
etc
RampD
Costreduction
etc
SGampA
Share of profit of investments
accountedfor using
the equity method
Finance income
and Finance
costs
Currencyeffects
Excluding currency effects + 365
FY20 3Q
Profit before Income Taxes - 201 ( - 89 )
Operating Profit - 34 ( - 21 )
- JPY USD- USD Others
(BRL CAD MXN)- JPY Asian Currencies
(INR THB VND CNY IDR)- USD ARS- Others
- 140- 05
- 45
- 40- 170
ltIncrease Factorsgt- Decrease in warranty etc
Yen (billion)
49
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Capital expenditures 1 4265 4000 - 265 - 400 Depreciation and amortization 1 4503 4000 - 503 - Research and development expenditures 2 8200 8600 + 399 -
Yen (billion)Change
Change frompreviousforecast
FY20Forecast
FY19Results
0
2
4
6
8
0
200
400
600
800
FY13 14 15 16 17 18 19 20P0
2
4
6
8
0
200
400
600
FY13 14 15 16 17 18 19 20P0
2
4
6
0
200
400
600
800
FY13 14 15 16 17 18 19 20P
FY20 Forecast Capital Expenditures Depreciation and RampD
Capital Expenditures Depreciation
Amounts against Sales
RampD Expenditures
FY13 are based on US GAAP while FY14 and after are based on IFRS
Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases right-of-use assets and intangible assetsResearch and development expenditures are research and development activity related costs incurred during the reporting periodIn accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
1
2
50
和文
英文
Sheet1
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Yen (billion)
FY19Results
FY20Forecast
Change
Change fromprevious forecast
Capital expenditures 1
4265
4000
- 265
- 400
Depreciation and amortization 1
4503
4000
- 503
-
Research and development expenditures 2
8200
8600
+ 399
-
1 Capital expenditures as well as Depreciation in results and forecast aforementioned exclude investment in operating leases
right-of-use assets and intangible assets
2 Research and development expenditures are research and development activity related costs incurred during the reporting period
In accordance IFRS a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated
usefule life As such this amount is not in conformity with Research and development on Consolidated Statements of Income
（億円） オクエン
2018年度実績 ネン ド
2019年度見通し ネン ド
増減 ゾウゲン
前回見通しからの増減額 ゼンカイ ミトオ ゾウゲンガク
設備投資 1 セツビ トウシ
4265
4000
- 265
- 400
減価償却費 1 ゲンカ ショウキャク ヒ
4503
4000
- 503
-
研究開発支出 2 ケンキュウ カイハツ シシュツ
8200
8600
+ 399
-
Yen (billion)
Nine MonthsFY19 FY20
Cash flows from operating activities + 6925 + 6988
Cash flows from investing activities - 4478 - 3998
Free cash flow + 2446 + 2990
Cash flows from financing activities - 3129 - 3354
Effect of exchange rate changes - 112 - 189
Net change of cash and cash equivalents - 794 - 553
Cash amp Cash equivalents at end of period 20706 23261
Net cash at end of period 16191 19516
Cash Flows of Non-financial Services Businesses
51
和文
英文
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
スライド番号 1
スライド番号 2
スライド番号 3
スライド番号 4
スライド番号 5
スライド番号 6
スライド番号 7
スライド番号 8
スライド番号 9
スライド番号 10
スライド番号 11
スライド番号 12
スライド番号 13
スライド番号 14
スライド番号 15
スライド番号 16
スライド番号 17
スライド番号 18
スライド番号 19
スライド番号 20
スライド番号 21
スライド番号 22
スライド番号 23
スライド番号 24
スライド番号 25
スライド番号 26
Automobile Operations by Regions
Automobile Operations by Regions
スライド番号 29
Automobile Operations by Regions
スライド番号 31
スライド番号 32
スライド番号 33
スライド番号 34
スライド番号 35
スライド番号 36
スライド番号 37
スライド番号 38
スライド番号 39
スライド番号 40
スライド番号 41
スライド番号 42
スライド番号 43
スライド番号 44
スライド番号 45
スライド番号 46
スライド番号 47
スライド番号 48
スライド番号 49
スライド番号 50
スライド番号 51
スライド番号 52
スライド番号 53
Yen (billion)
Nine Months
FY19
FY20
Cash flows from operating activities
+ 6925
+ 6988
Cash flows from investing activities
- 4478
- 3998
Free cash flow
+ 2446
+ 2990
Cash flows from financing activities
- 3129
- 3354
Effect of exchange rate changes
- 112
- 189
Net change of cash and cash equivalents
- 794
- 553
Cash amp Cash equivalents at end of period
20706
23261
Net cash at end of period
16191
19516
(億円) オクエン
９ヵ月間 ゲツ カン
2018年度 ネンド ド
2019年度 ネンド
営業活動によるキャッシュフロー エイギョウ カツドウ
+ 6925
+ 6988
投資活動によるキャッシュフロー トウシ カツドウ
- 4478
- 3998
フリーキャッシュフロー
+ 2446
+ 2990
財務活動によるキャッシュフロー ザイム カツドウ
- 3129
- 3354
為替影響 カワセ エイキョウ
- 112
- 189
現金及び現金同等物の純増減 ゲンキン オヨ ゲンキン ドウトウ ブツ ジュン ゾウゲン
- 794
- 553
現金及び現金同等物の期末残高 ゲンキン オヨ ゲンキン ドウトウ ブツ キマツ ザンダカ
20706
23261
ネットキャッシュの期末残高 キマツ ザンダカ
16191
19516
Caution with Respect to Forward-Looking StatementsThis slide contains forward-looking statements about the performance of Honda which are based on managementrsquos assumptions and beliefs taking into account information currently available to it Therefore please be advised that Hondarsquos actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Hondarsquos principal markets and fluctuation of foreign exchange rates as well as other factors detailed from time to time
Accounting standards Our consolidated financial statements are prepared in conformity with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB)
Notice on the Factors for Increases and Decreases in IncomeWith respect to the discussion above of the change in Operating profit management has identified the factors set forth below and used what it believes to be a reasonable method to analyze the respective changes in such factors Each of these factors is explained below Management has analyzed changes in these factors at the levels of the Company and its material consolidated subsidiaries(1)ldquoCurrency effectsrdquo consist of translation adjustments which come from the translation of the currency of foreign subsidiariesrsquo financial statements into Japanese Yen and foreign currency adjustments which result from foreign-currency-denominated sales which at the levels of the Company and those consolidated subsidiaries which have been analyzed primarily relate to the following currencies US dollar Canada dollar Euro GBP BRL and Japanese Yen (2) With respect to ldquoCost reduction etcrdquo management has analyzed cost reduction and effects of raw material cost fluctuations at the levels of the Company and its material foreign manufacturing subsidiaries in North America Europe Asia and other regions(3) With respect to ldquoRevenue model mix etcrdquo management has analyzed changes in sales volume and in the mix of product models sold in major markets which have resulted inincreasesdecreases in profit as well as certain other reasons for increasesdecreases in sales revenue and cost of sales(4) With respect to ldquoSelling General and Administrative expensesrdquo management has analyzed reasons for an increasedecrease in selling general and administrative expenses from the previous fiscal year net of currency translation effects(5) With respect to ldquoResearch and Development expensesrdquo management has analyzed reasons for an increasedecrease in research and development expenses from the previous fiscal year net of currency translation effects
Unit salesMotorcycle BusinessHonda Group Unit Sales is the total unit sales of completed products including motorcycles ATVs and Side-by-Sides of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiariesAutomobile BusinessHonda Group Unit Sales is the total unit sales of completed products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed products of Honda and its consolidated subsidiaries Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our Automobile business Accordingly they are not included in Consolidated Unit Sales but are included in Honda Group Unit Sales of our Automobile businessLife Creation BusinessHonda Group Unit Sales is the total unit sales of completed power products of Honda its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers which consists of unit sales of completed power products of Honda and its consolidated subsidiaries In Life Creation business there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method was involved in the sale of Honda power products 52
