Investments Accounted for Using the Equity Method (Tables)

12 Months Ended

Mar. 31, 2026

Honda’s equity in affiliates and joint ventures as of March 31, 2025 and 2026 is as follows:


	Yen (millions)
	2025		2026
Investments accounted for using the equity method:
Affiliates	¥	854,536	¥	836,276
Joint ventures		388,078		291,842

Total	¥	1,242,614	¥	1,128,118

Share of Comprehensive Income of Affiliates and Joint Ventures

Honda’s share of comprehensive income of affiliates and joint ventures for the years ended March 31, 2024, 2025 and 2026 is as follows:


	Yen (millions)
	2024		2025			2026
Profit for the year:
Affiliates	¥	26,490	¥	15,838		¥	(17,014	)
Joint ventures		84,327		(14,856	)		(145,066	)

Total	¥	110,817	¥	982		¥	(162,080	)

Other comprehensive income:
Affiliates	¥	31,797	¥	18,305		¥	24,471
Joint ventures		30,856		(6,403	)		38,956

Total	¥	62,653	¥	11,902		¥	63,427

Comprehensive income for the year:
Affiliates	¥	58,287	¥	34,143		¥	7,457
Joint ventures		115,183		(21,259	)		(106,110	)

Total	¥	173,470	¥	12,884		¥	(98,653	)

Combined Financial Information of Affiliates and Joint Ventures

Combined financial information in respect of affiliates as of March 31, 2025 and 2026, and for the years ended March 31, 2024, 2025 and 2026 is as follows:


	Yen (millions)
For the year ended March 31, 2024	Motorcycle Business		Automobile Business		Power Products and Other Businesses		Total
Sales revenue	¥	178,964	¥	4,425,320	¥	10,335	¥	4,614,619
Profit for the year		12,744		38,348		2,193		53,285


	Yen (millions)
As of and for the year ended March 31, 2025	Motorcycle Business		Automobile Business		Power Products and Other Businesses		Total
Current assets	¥	46,092	¥	1,971,257	¥	32,727	¥	2,050,076
Non-current assets		18,217		2,770,810		24,559		2,813,586

Total assets		64,309		4,742,067		57,286		4,863,662

Current liabilities		19,386		1,549,786		6,630		1,575,802
Non-current liabilities		1,919		499,907		541		502,367

Total liabilities		21,305		2,049,693		7,171		2,078,169

Total equity	¥	43,004	¥	2,692,374	¥	50,115	¥	2,785,493

Sales revenue	¥	153,727	¥	4,451,855	¥	17,845	¥	4,623,427
Profit for the year		12,978		87,996		3,047		104,021


	Yen (millions)
As of and for the year ended March 31, 2026	Motorcycle Business		Automobile Business		Power Products and Other Businesses		Total
Current assets	¥	59,611	¥	2,417,433	¥	28,692	¥	2,505,736
Non-current assets		21,027		2,733,794		25,388		2,780,209

Total assets		80,638		5,151,227		54,080		5,285,945

Current liabilities		23,612		1,726,322		6,514		1,756,448
Non-current liabilities		2,349		721,007		437		723,793

Total liabilities		25,961		2,447,329		6,951		2,480,241

Total equity	¥	54,677	¥	2,703,898	¥	47,129	¥	2,805,704

Sales revenue	¥	191,970	¥	4,334,184	¥	17,977	¥	4,544,131
Profit for the year		17,069		10,378		1,964		29,411

Combined financial information in respect of joint ventures as of March 31, 2025 and 2026, and for the years ended March 31, 2024, 2025 and 2026 is as follows:


	Yen (millions)
For the year ended March 31, 2024	Motorcycle Business		Automobile Business		Power Products and Other Businesses		Total
Sales revenue	¥	1,103,578	¥	4,003,276	¥	4,183	¥	5,111,037
Profit for the year		100,242		67,056		1,674		168,972


	Yen (millions)
As of and for the year ended March 31, 2025	Motorcycle Business		Automobile Business			Power Products and Other Businesses		Total
Current assets	¥	383,566	¥	919,732		¥	4,892	¥	1,308,190
Non-current assets		185,883		631,036			1,153		818,072

Total assets		569,449		1,550,768			6,045		2,126,262

Current liabilities		326,185		874,653			2,119		1,202,957
Non-current liabilities		71,439		78,792			3,266		153,497

Total liabilities		397,624		953,445			5,385		1,356,454

Total equity	¥	171,825	¥	597,323		¥	660	¥	769,808

Sales revenue	¥	1,181,238	¥	2,723,204		¥	4,943	¥	3,909,385
Profit for the year		108,842		(139,636	)		1,398		(29,396	)


	Yen (millions)
As of and for the year ended March 31, 2026	Motorcycle Business		Automobile Business			Power Products and Other Businesses		Total
Current assets	¥	423,037	¥	930,195		¥	3,778	¥	1,357,010
Non-current assets		182,897		551,504			1,262		735,663

Total assets		605,934		1,481,699			5,040		2,092,673

Current liabilities		371,144		852,346			832		1,224,322
Non-current liabilities		68,951		71,904			3,557		144,412

Total liabilities		440,095		924,250			4,389		1,368,734

Total equity	¥	165,839	¥	557,449		¥	651	¥	723,939

Sales revenue	¥	1,226,487	¥	1,902,570		¥	5,828	¥	3,134,885
Profit for the year		119,253		(229,264	)		1,345		(108,666	)