| Related Parties |
(a) Related Party Transactions Honda mainly purchases materials, supplies and services from affiliates and joint ventures, and sells finished goods, parts used in its products, equipment and services to them in the ordinary course of business. Transactions with affiliates and joint ventures are generally made at values that approximate arm’s-length prices. The balances of receivables and payables with affiliates and joint ventures as of March 31, 2025 and 2026 are as follows:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
50,113 |
|
|
¥ |
102,131 |
|
|
|
|
212,913 |
|
|
|
274,709 |
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
263,026 |
|
|
¥ |
376,840 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
241,204 |
|
|
¥ |
213,517 |
|
|
|
|
71,737 |
|
|
|
84,295 |
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
312,941 |
|
|
¥ |
297,812 |
|
|
|
|
|
|
|
|
|
| The amount of the transactions with affiliates and joint ventures for the years ended March 31, 2024, 2025 and 2026 are as follows:
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|
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|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
141,323 |
|
|
¥ |
152,256 |
|
|
¥ |
162,973 |
|
|
|
|
818,607 |
|
|
|
565,207 |
|
|
|
481,988 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
959,930 |
|
|
¥ |
717,463 |
|
|
¥ |
644,961 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
1,620,755 |
|
|
¥ |
1,731,349 |
|
|
¥ |
1,686,392 |
|
|
|
|
442,035 |
|
|
|
362,495 |
|
|
|
439,806 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
2,062,790 |
|
|
¥ |
2,093,844 |
|
|
¥ |
2,126,198 |
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|
|
|
|
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|
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|
|
| A certain consolidated subsidiary of the Company has entered into contracts with an affiliate of the Company for the supply and procurement of parts. Some of these contracts stipulate minimum purchase quantities of parts to be purchased by the Company’s consolidated subsidiary from the affiliate during the contractual period. If such minimum purchase quantities are not met, the Company’s consolidated subsidiary is obligated to pay compensation to the affiliate. In connection with the reassessment of the automobile electrification strategy announced by the Company, discussions have been initiated regarding such compensation during the year ended March 31, 2026. For provisions recognized in connection with such compensation, see note 17. (b) Compensation to Key Management Compensation paid to the directors and executive officers of the Company for the years ended March 31, 2024, 2025 and 2026 are as follows:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
1,209 |
|
|
¥ |
1,176 |
|
|
¥ |
1,308 |
|
STI (Short Term Incentive) |
|
|
612 |
|
|
|
471 |
|
|
|
147 |
|
LTI (Long Term Incentive) |
|
|
453 |
|
|
|
380 |
|
|
|
112 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
2,274 |
|
|
¥ |
2,027 |
|
|
¥ |
1,567 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| (c) Major Consolidated Subsidiaries Major consolidated subsidiaries as of March 31, 2026 are as follows:
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|
Percentage
Ownership
and
Voting Interest |
|
| |
|
Japan |
|
Research & Development |
|
|
100.0 |
|
| |
|
Japan |
|
Finance |
|
|
100.0 |
|
American Honda Motor Co., Inc. |
|
U.S.A. |
|
Coordination of Subsidiaries Operation, Research & Development, Manufacturing and Sales |
|
|
100.0 |
|
American Honda Finance Corporation |
|
U.S.A. |
|
Finance |
|
|
100.0 |
|
Honda Development and Manufacturing of America, LLC |
|
U.S.A. |
|
Research & Development and Manufacturing |
|
|
100.0 |
|
| |
|
Canada |
|
Manufacturing and Sales |
|
|
100.0 |
|
Honda Canada Finance Inc. |
|
Canada |
|
Finance |
|
|
100.0 |
|
Honda de Mexico, S.A. de C.V. |
|
Mexico |
|
Manufacturing and Sales |
|
|
100.0 |
|
Honda Motor Europe Limited |
|
U.K. |
|
Coordination of Subsidiaries Operation and Sales |
|
|
100.0 |
|
| |
|
U.K. |
|
Finance |
|
|
100.0 |
|
Honda Motor (China) Investment Co., Ltd. |
|
China |
|
Coordination of Subsidiaries Operation |
|
|
100.0 |
|
Honda Auto Parts Manufacturing Co., Ltd. |
|
China |
|
Manufacturing |
|
|
100.0 |
|
Honda Motorcycle & Scooter India (Private) Ltd. |
|
India |
|
Manufacturing and Sales |
|
|
100.0 |
|
| |
|
India |
|
Manufacturing and Sales |
|
|
100.0 |
|
P.T. Honda Prospect Motor |
|
Indonesia |
|
Manufacturing and Sales |
|
|
51.0 |
|
| |
|
Malaysia |
|
Manufacturing and Sales |
|
|
51.0 |
|
Asian Honda Motor Co., Ltd. |
|
Thailand |
|
Coordination of Subsidiaries Operation and Sales |
|
|
100.0 |
|
Honda Automobile (Thailand) Co., Ltd. |
|
Thailand |
|
Manufacturing and Sales |
|
|
89.0 |
|
| |
|
Thailand |
|
Manufacturing and Sales |
|
|
72.5 |
|
| |
|
Vietnam |
|
Manufacturing and Sales |
|
|
70.0 |
|
Honda South America Ltda. |
|
Brazil |
|
Coordination of Subsidiaries Operation |
|
|
100.0 |
|
Moto Honda da Amazonia Ltda. |
|
Brazil |
|
Manufacturing and Sales |
|
|
100.0 |
|
| Honda Automoveis do Brazil Ltda. |
|
Brazil |
|
Manufacturing and Sales |
|
|
100.0 |
|
| |
|
Brazil |
|
Finance |
|
|
100.0 |
|
|