Corporate Governance
Corporate Governance Information
- Apr 1, 2023 Honda Corporate Governance Basic Policies [PDF : 318KB]
- Jul 3, 2023 Corporate Governance Report [PDF : 715KB]
- May 29, 2023 Report of Independent Directors [PDF : 225KB]
Corporate Governance Structure (as of April 1, 2022)

Communication with Investors and Securities Analysts
To enhance corporate value, we believe it is important to communicate a roadmap for achieving stable long-term cash flow growth and improved capital efficiency, which incorporates a shift to electrification, and for Honda’s future potential to be common knowledge in the capital markets.
Toward this end, our management executives take the initiative in engaging in more active dialogues than ever before through events and individual meetings, so that shareholders, investors, and other stakeholders can fully comprehend and evaluate our management direction.
Through such dialogues, management executives directly grasp what the capital markets are looking for as well as what they are interested in. This valuable feedback from our stakeholders is utilized in management to further improve corporate value.
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FY2023 Record of Events and Dialogue
Our CEO and management executives actively engaged in dialogues with investors, securities analysts and other stakeholders during Q&A sessions following announcements of long-term strategies related to automobile electrification, motorcycle operations, hydrogen business development and other topics.
At quarterly financial results briefings, the Vice President/CFO not only discussed the most recent financial results with securities analysts, but also the Company's approach to improving capital efficiency, including shareholder returns.
Honda hosted a briefing for individual investors focusing on our business strategy.

In addition to management executives, the IR department proactively engages in dialogues with predominantly value and growth-oriented investors and securities analysts.
Under the supervision of the CFO, the IR department, which consists of members with diverse backgrounds ranging from accounting and finance to purchasing and sales, participates in constructive dialogues with investors and securities analysts. The IR department also handles the exercising of voting rights and ESG-related dialogues.
Categories | Number | |
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Dialogues with investors/analysts | 769 | |
Dialogues with investors | 660 | |
Dialogues with analysts | 109 | |
Conference participation | 6 |
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Investor & Analyst Opinions/Concerns and Feedback Structure within the Company
Through dialogue with our stakeholders, we gain an understanding of their interests and concerns and use this information as valuable feedback within the company to formulate management strategies.
Main Matters of Concern Raised in FY2023
Category | Main Topics |
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Automobile Business | Procurement status of chips |
Impact of inflation and its influence on sales price | |
Demand situation per markets | |
Motorcycle Business | Sustainability of high profitability |
Electrification | Electrification strategies per region and per business |
Strategies for battery/software | |
Profitability of BEV | |
Returning Profits to Shareholders | Policy on returning profits to shareholders |
Others | Roadmap to achieve PBR 1x |
Feedback Structure within the Company

Opinions and other feedback from investors and securities analysts are shared among management executives and internal stakeholders in a timely manner as a reference for formulating corporate management strategies to improve our corporate value.
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【Reference】 IR Related Materials(as of June 2023)