Segment Information (Tables)

12 Months Ended

Mar. 31, 2026

Segment information as of and for the years ended March 31, 2024, 2025 and 2026 is as follows:

As of and for the year ended March 31, 2024


	Yen (millions)
	Motorcycle Business		Automobile Business		Financial Services Business		Power Products and Other Businesses			Segment Total		Reconciling Items			Consolidated
Sales revenue:
External customers	¥	3,220,168	¥	13,567,565	¥	3,248,808	¥	392,261		¥	20,428,802	¥	—		¥	20,428,802
Intersegment		—		223,950		2,976		30,068			256,994		(256,994	)		—

Total		3,220,168		13,791,515		3,251,784		422,329			20,685,796		(256,994	)		20,428,802

Segment profit (loss)	¥	556,232	¥	560,649	¥	273,978	¥	(8,882	)	¥	1,381,977	¥	—		¥	1,381,977

Share of profit (loss) of investments accounted for using the equity method	¥	53,843	¥	55,392	¥	—	¥	1,582		¥	110,817	¥	—		¥	110,817
Segment assets		2,047,270		11,690,446		14,118,371		585,301			28,441,388		1,332,762			29,774,150
Investments accounted for using the equity method		119,598		1,076,481		—		10,889			1,206,968		—			1,206,968
Depreciation and amortization		72,590		655,250		834,246		17,400			1,579,486		—			1,579,486
Capital expenditures		74,006		598,475		2,451,930		16,768			3,141,179		—			3,141,179
Impairment losses on non-financial assets		33		44,652		14,646		61			59,392		—			59,392
Provision (reversal) for credit and lease residual losses on receivables from financial services		—		—		50,057		—			50,057		—			50,057

As of and for the year ended March 31, 2025


	Yen (millions)
	Motorcycle Business		Automobile Business			Financial Services Business		Power Products and Other Businesses			Segment Total		Reconciling Items			Consolidated
Sales revenue:
External customers	¥	3,626,603	¥	14,169,240		¥	3,507,766	¥	385,158		¥	21,688,767	¥	—		¥	21,688,767
Intersegment		—		298,616			4,457		29,452			332,525		(332,525	)		—

Total		3,626,603		14,467,856			3,512,223		414,610			22,021,292		(332,525	)		21,688,767

Segment profit (loss)	¥	663,443	¥	243,853		¥	315,634	¥	(9,444	)	¥	1,213,486	¥	—		¥	1,213,486

Share of profit (loss) of investments accounted for using the equity method	¥	59,060	¥	(59,867	)	¥	—	¥	1,789		¥	982	¥	—		¥	982
Segment assets		2,248,809		11,874,764			15,713,348		576,347			30,413,268		362,599			30,775,867
Investments accounted for using the equity method		107,889		1,117,102			—		17,623			1,242,614		—			1,242,614
Depreciation and amortization		72,443		642,506			881,500		16,356			1,612,805		—			1,612,805
Capital expenditures		94,688		797,831			3,125,821		18,468			4,036,808		—			4,036,808
Impairment losses on non-financial assets		99		18,477			20,660		69			39,305		—			39,305
Provision (reversal) for credit and lease residual losses on receivables from financial services		—		—			70,963		—			70,963		—			70,963

As of and for the year ended March 31, 2026


	Yen (millions)
	Motorcycle Business		Automobile Business			Financial Services Business		Power Products and Other Businesses			Segment Total			Reconciling Items			Consolidated
Sales revenue:
External customers	¥	4,018,837	¥	13,863,362		¥	3,529,484	¥	384,927		¥	21,796,610		¥	—		¥	21,796,610
Intersegment		—		303,548			3,259		35,449			342,256			(342,256	)		—

Total		4,018,837		14,166,910			3,532,743		420,376			22,138,866			(342,256	)		21,796,610

Segment profit (loss)	¥	731,926	¥	(1,411,140	)	¥	275,532	¥	(10,664	)	¥	(414,346	)	¥	—		¥	(414,346	)

Share of profit (loss) of investments accounted for using the equity method	¥	65,206	¥	(228,369	)	¥	—	¥	1,083		¥	(162,080	)	¥	—		¥	(162,080	)
Segment assets		2,713,735		12,484,767			17,282,581		593,582			33,074,665			434,620			33,509,285
Investments accounted for using the equity method		106,438		1,005,559			—		16,121			1,128,118			—			1,128,118
Depreciation and amortization		74,343		601,267			958,880		16,055			1,650,545			—			1,650,545
Capital expenditures		135,989		879,031			2,766,150		23,539			3,804,709			—			3,804,709
Impairment losses on non-financial assets		95		605,150			81,833		4,928			692,006			—			692,006
Provision (reversal) for credit and lease residual losses on receivables from financial services		—		—			87,920		—			87,920			—			87,920

Explanatory notes:

Segment profit (loss) of each segment is measured in a consistent manner with consolidated operating profit (loss), which is profit (loss) before income taxes before share of profit (loss) of investments accounted for using the equity method and finance income and finance costs. Expenses not directly associated with specific segments are allocated based on the most reasonable measures applicable.

Segment assets of each segment are defined as total assets including investments accounted for using the equity method, derivatives, and deferred tax assets. Segment assets are based on those directly associated with each segment and those not directly associated with specific segments are allocated based on the most reasonable measures applicable except for the corporate assets described below.

3.	Intersegment sales revenues are generally made at values that approximate arm’s-length prices.

Reconciling items include elimination of intersegment transactions and balances as well as unallocated corporate assets. Unallocated corporate assets, included in reconciling items as of March 31, 2024, 2025 and 2026 amounted to ¥1,573,834 million, ¥979,954 million and ¥

976,245

million, respectively, which consist primarily of the Company’s cash and cash equivalents and financial assets measured at fair value through other comprehensive income.

5.	Provisions for product warranties accrued for the years ended March 31, 2024, 2025 and 2026 are ¥536,590 million, ¥454,502 million and ¥ 319,613 million, respectively. These are mainly included in Automobile business.

6.	The amounts of write-down of inventories recognized as an expense for the years ended March 31, 2024, 2025 and 2026 are ¥12,220 million, ¥120,919 million and ¥ 49,804 million respectively. These are mainly included in Automobile business.

Right-of-use

assets are not included in Capital expenditures.

The assets and liabilities related to a group of subsidiaries primarily engaged in the manufacture and sale of automobile parts are classified as held for sale as a disposal group in accordance with IFRS 5, “Non-current Assets Held for Sale and Discontinued Operations,” for the year ended March 31, 2026. Accordingly, an impairment loss of ¥48,328 million is recognized in cost of sales in the consolidated statements of income for the year ended March 31, 2026. The disposal group is mainly attributable to the Automobile business. The carrying amount of the assets classified as part of the disposal group after the recognition of the impairment loss amounts to ¥106,097 million as of March 31, 2026 and is included in “Other current assets” in the consolidated statements of financial position. In addition, the carrying amount of the liabilities classified as part of the disposal group is included in “Other current liabilities” in the consolidated statements of financial position and is immaterial. The balances of each class of assets and liabilities included in the disposal group are individually immaterial and have been omitted.

Sales Revenue by Product or Service Groups

Sales revenue by product or service groups of Honda for the years ended March 31, 2024, 2025 and 2026 is as follows:


	Yen (millions)
	2024		2025		2026
Motorcycles, all-terrain vehicles (ATVs), side-by-sides (SxS) and relevant parts	¥	3,220,168	¥	3,626,603	¥	4,018,837
Automobiles and relevant parts		15,227,546		15,818,947		15,327,187
Financial services		1,588,827		1,858,059		2,065,659
Power products and relevant parts		292,563		285,253		281,311
Others		99,698		99,905		103,616

Total	¥	20,428,802	¥	21,688,767	¥	21,796,610

Sales Revenue and Carrying Amounts of Non-current Assets Other Than Financial Instruments and Deferred Tax Assets Based on Location

The sales revenue and carrying amounts of

non-current

assets other than financial instruments, deferred tax assets and net defined benefit assets based on the location of the Company and its subsidiaries as of and for the years ended March 31, 2024, 2025 and 2026 are as follows:

As of and for the year ended March 31, 2024


	Yen (millions)
	Japan		United States		Other Countries		Total
Sales revenue	¥	2,634,505	¥	10,343,985	¥	7,450,312	¥	20,428,802
Non-current assets other than financial instruments, deferred tax assets and net defined benefit assets	¥	3,054,330	¥	4,914,193	¥	1,822,125	¥	9,790,648

As of and for the year ended March 31, 2025


	Yen (millions)
	Japan		United States		Other Countries		Total
Sales revenue	¥	2,845,609	¥	11,388,564	¥	7,454,594	¥	21,688,767
Non-current assets other than financial instruments, deferred tax assets and net defined benefit assets	¥	3,329,692	¥	5,441,006	¥	1,699,183	¥	10,469,881

As of and for the year ended March 31, 2026


	Yen (millions)
	Japan		United States		Other Countries		Total
Sales revenue	¥	2,882,484	¥	11,160,904	¥	7,753,222	¥	21,796,610
Non-current assets other than financial instruments, deferred tax assets and net defined benefit assets	¥	3,212,461	¥	5,834,391	¥	1,722,783	¥	10,769,635