The Honda Report 2023 summarizes Honda’s medium- to long-term initiatives to enhance its corporate value from both financial and non-financial perspectives.
This website is an excerpt from the full report. In addition to messages from Honda’s global CEO, this integrated report includes introduction of Honda’s vision.
Powered by dreams, what does Honda aspire to achieve?
What value do we offer our customers? How does Honda create this value? These questions define the core of our corporate endeavors.
The future mobility Honda dreams of will create a joy and freedom of mobility that enables people to transcend the constraints of time and place, and augment their every possibility. Here are the specific initiatives about Honda's value creation process.
To realize our vision of who we are should be, we have defined key themes and materialities that we will focus on, to incorporate into effective scenarios so that each and every one of us at Honda will do our utmost to move in the same direction.
Honda will achieve a company-wide ROS target of 7% or more by 2025, and strengthen its financial base. Honda will also secure free cash flow, increase dividends, and repurchase shares to achieve transformation toward its second founding phase and meet stakeholders’ expectations.
While accelerating efforts to achieve zero environmental impact and zero traffic accident fatalities to eliminate concerns about mobility, Honda will continue to pursue the joy of driving that it has always cultivated. Honda will continue to pursue the joy of using and the joy of connection, to create new mobility experiences that will surprise, move, and inspire confidence in each and every customer.
We are committed to improving our innovation management, driven by our belief that the development of core technologies lays the groundwork for sustainable business and competitiveness. This commitment aligns with our values of “Transcend” and “Augment,” guiding us towards their realization.
In each of its core business fields of automobiles, motorcycles, and power products, Honda presents new values by providing UX in tune with diversifying customer values. Honda will continue to provide new values for mobility and lifestyles based on products that are unmistakably Honda.