Honda Motor Co Ltd - Company Profile
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Business Description
Honda Motor Co Ltd (Honda) manufactures and markets automobiles, motorcycles, power products, and vehicles for the sea.
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R&D Overview
R&D arm of Honda focuses on developing innovative and competitive products. The company and its subsidiaries use advanced technologies and conduct R&D activities. It focuses on creating innovative products that are internationally competitive. It operates product-related research in Honda R&D Co Ltd and Honda R&D Americas Inc and Honda Engineering North America Inc located in the US. It also established the Power Unit and Energy Center and the Design Center in Honda R&D Co Ltd. The key research areas of the company include brain research, visual/aural recognition, Avatar Robot and eVTOL, among others. Honda owns more than 17,000 patents in Japan and over 26,600 patents overseas. In FY2023, the company incurred expenses of JPY880,915 million on R&D, which as a percentage of revenue stood at 5.2%, and grew 11.9% YoY.
Business Segments
- Automobile Business
- Motorcycle Business
- Power Product and Other Businesses
- Financial Services Business
Overview
Produces passenger cars, light trucks, and mini vehicles. Vehicle features gasoline engines of three, four, or six-cylinder configurations; diesel engines; gasoline-electric hybrid systems; and gasoline-electric plug-in hybrid systems. Also offers other alternative fuel-powered vehicles such as ethanol, battery-electric, and fuel cell vehicles. Major passenger cars: Accord, Fit/Jazz, Civic, and City; light trucks: Breeze, Odyssey, CR-V, Vezel/HR-V, Pilot, Acura RDX and XR-V; and mini vehicles: N-BOX. In FY2023, the segment's capital expenditure stood at JPY613,351 million, which increased 49.5% YoY.
Performance
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Overview
Produces motorcycles with engine displacement ranging from the 50cc class to the 1800cc class. Products feature internal combustion engines air- or water-cooled, and in single, two, four, or six-cylinder configuration. Offers electric vehicles, sports, business, and commuter models. Produces a range of off-road vehicles, including all-terrain vehicles (ATVs) and side-by-side (SxS). In FY2023, the segment's capital expenditure stood at JPY59,101 million, which grew 20.1% YoY.
Performance
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Overview
Produces general purpose engines, outboard marine engines, lawn mowers, riding mowers, water pumps, brush cutters, tillers, walking assist devices, snow blowers, robotic mowers, generators, and portable battery inverter power sources. In FY2023, the segment's capital expenditure stood at JPY14,386 million, which declined 8.6% YoY.
Performance
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Overview
Provides retail lending and leasing services to customers and wholesale financing to dealers and customers. Offers services through subsidiaries in Japan, the US, Canada, the UK, Germany, Brazil and Thailand. In FY2023, the segment's capital expenditure stood at JPY1,546,683 million, which declined 23.8% YoY.
Performance
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Geographical Segments
Target Markets
Thailand, India, China, Indonesia, and Vietnam.
Performance
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Target Markets
The UK, Germany, France, Belgium, and Italy.
Performance
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Performance
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Target Markets
The US, Canada, and Mexico.
Performance
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Target Markets
Brazil and Australia.
Performance
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