Sales Revenue

12 Months Ended

Mar. 31, 2026

(20) Sales Revenue

(a) Disaggregation of revenue

As stated in Note 4, Honda discloses segment information in four categories.

The sales revenue disaggregated by geographical markets based on the location of the customer and the reconciliation of the disaggregated sales revenue with each segment for the years ended March 31, 2024, 2025 and 2026 are as follows:

For the year ended March 31, 2024


	Yen (millions)
	Motorcycle Business		Automobile Business		Financial Services Business		Power Products and Other Businesses		Total
Revenue arising from contracts with customers
Japan	¥	113,746	¥	1,586,358	¥	172,072	¥	87,072	¥	1,959,248
North America		335,545		8,503,602		1,487,948		138,760		10,465,855
Europe		351,850		506,731		—		84,459		943,040
Asia		1,792,327		2,446,250		5		55,898		4,294,480
Other Regions		625,585		498,506		—		26,001		1,150,092

Total	¥	3,219,053	¥	13,541,447	¥	1,660,025	¥	392,190	¥	18,812,715

Revenue arising from the other sources*		1,115		26,118		1,588,783		71		1,616,087

Total	¥	3,220,168	¥	13,567,565	¥	3,248,808	¥	392,261	¥	20,428,802

For the year ended March 31, 2025


	Yen (millions)
	Motorcycle Business		Automobile Business		Financial Services Business		Power Products and Other Businesses		Total
Revenue arising from contracts with customers
Japan	¥	106,632	¥	1,794,911	¥	193,188	¥	88,943	¥	2,183,674
North America		347,503		9,379,001		1,456,899		127,991		11,311,394
Europe		379,432		459,755		—		77,859		917,046
Asia		2,071,481		1,953,109		15		62,018		4,086,623
Other Regions		714,537		563,025		—		28,251		1,305,813

Total	¥	3,619,585	¥	14,149,801	¥	1,650,102	¥	385,062	¥	19,804,550

Revenue arising from the other sources*		7,018		19,439		1,857,664		96		1,884,217

Total	¥	3,626,603	¥	14,169,240	¥	3,507,766	¥	385,158	¥	21,688,767

For the year ended March 31, 2026


	Yen (millions)
	Motorcycle Business		Automobile Business		Financial Services Business		Power Products and Other Businesses		Total
Revenue arising from contracts with customers
Japan	¥	113,293	¥	1,803,549	¥	206,813	¥	98,565	¥	2,222,220
North America		351,787		9,208,711		1,256,995		118,029		10,935,522
Europe		395,855		503,213		—		80,991		980,059
Asia		2,252,025		1,764,489		44		58,453		4,075,011
Other Regions		901,346		562,603		—		28,866		1,492,815

Total	¥	4,014,306	¥	13,842,565	¥	1,463,852	¥	384,904	¥	19,705,627

Revenue arising from the other sources*		4,531		20,797		2,065,632		23		2,090,983

Total	¥	4,018,837	¥	13,863,362	¥	3,529,484	¥	384,927	¥	21,796,610

Explanatory note:

*	Revenue arising from the other sources primarily includes lease revenues recognized under IFRS 16 and interest recognized under IFRS 9.

(b) Contract balances

The receivables from contracts with customers and contract liabilities for the years ended March 31, 2025 and 2026 are as follows:


	Yen (millions)
	2025		2026
Receivables from contracts with customers:
Trade receivables	¥	888,774	¥	918,792
Contract liabilities:
Other current liabilities		411,941		412,227
Other noncurrent liabilities		329,298		364,505

The amounts of revenue recognized for the years ended March 31, 2024, 2025 and 2026 that were included in the contract liability balances at the beginning of the year are ¥273,224 million, ¥343,681 million and ¥

365,951

million

, respectively. The amounts of revenue recognized for the years ended March 31, 2024, 2025 and 2026 from performance obligations satisfied (or partially satisfied) in previous years were immaterial. In addition, the balances of contract assets were immaterial.

The revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of March 31, 2025 and 2026 are as follows:


	Yen (millions)
	2025		2026
Within 1 year	¥	245,826	¥	255,808
Between 1 and 5 years		363,831		402,934
Later than 5 years		26,275		31,045

Total	¥	635,932	¥	689,787

The table does not include the remaining performance obligations that have original expected durations of one year or less and estimated amounts of variable consideration that are constrained from being recognized as revenue.

(d) Assets recognized from the costs to obtain or fulfill a contract with a customer

The assets recognized from the costs to obtain a contract with a customer as of March 31, 2025 and 2026 are as follows:


	Yen (millions)
	2025		2026
Assets recognized from the costs to obtain a contract with a customer	¥	192,532	¥	223,973

Honda recognizes the incremental costs of obtaining a contract with a customer and the costs incurred in fulfilling a contract with a customer that are directly associated with the contract as an asset, if those costs are expected to be recoverable. The incremental costs of obtaining a contract are those costs that an entity incurs to obtain a contract with a customer that it would not have incurred if the contract had not been obtained. The assets recognized from the costs to obtain a contract are presented in the consolidated statement of financial position mainly as other

non-current

assets and are amortized over the period for which the services based on a contract are provided. The amounts of assets recognized from the costs to fulfill a contract are not material.

The amounts of amortization of the assets for the years ended March 31, 2024, 2025 and 2026 are ¥60,391 million, ¥66,438 million and ¥

74,799

million

, respectively.