Honda's Policy

The Company strives to carry out its operations worldwide from a global perspective and to increase its corporate value. With respect to the redistribution of profits to its shareholders, which we consider to be one of the most important management issues, the Company’s basic policy is to determine such distributions after taking into account, among others, its retained earnings for future growth and consolidated earnings performance based on a long-term perspective. With respect to dividends, the Company will strive to pay stable and continuous dividends aiming at a consolidated dividend payout ratio of approximately 30%. The Company may also acquire its own shares at a timing that it deems optimal, with the goal of improving efficiency of the Company’s capital structure and implementing a flexible capital strategy.

The Company’s basic policy for dividends is to make semiannual distributions (an interim dividend and a year-end dividend). The Company may determine dividends from surplus by a resolution of the Board of Directors.

Dividends per Share

FY2019 FY2020 FY2021 FY2022 FY2023 FY2024
(Expected)
Dividend Per Share(yen) 1Q 9.009.333.67---
2Q 9.339.336.3318.3320.0029.00
3Q 9.339.338.67---
FY-End 9.339.3318.0021.6720.0029.00
Total 37.0037.3336.6740.0040.0058.00
Amount of Dividends(million yen) 195,545195,871189,999206,386202,134-
Payout Ratio(%) 32.143.128.929.231.2-
Dividend on Equity Ratio(%) 2.42.42.22.11.9-
  • Expectation as of February 8, 2024.
  • With the effective date of October 1, 2023, implemented the stock split into 3 shares per share. The interim dividend for the fiscal year ending March 31, 2024, which has a dividend record date of September 30, 2023, is paid based on the shares before the stock split.

Acquisition of the Company’s Own Shares

Period of Aquisition

Method

Total Number of Shares Acquired

Total Amount of Shares Acquired

Feb 13, 2023 - Apr. 11, 2023

Market Purchases

20,132,500

69,999,845,800

Aug. 12, 2022 - Jan. 11, 2023

Market Purchases

29,939,900

99,999,843,700

Aug. 5, 2021 - Dec. 15, 2021

Market Purchases

18,000,000

60,783,241,700

Nov. 11, 2019 - Mar. 19, 2020

Market Purchases

33,000,000

96,276,293,800

May 7, 2018 - Jul. 20, 2018

Market Purchases

18,000,000

62,142,709,700

Nov. 2, 2017 - Dec. 4, 2017

Market Purchases

24,000,000

87,073,672,900

  1. With the effective date of October 1, 2023, implemented the stock split into 3 shares per share. The interim dividend for the fiscal year ending March 31, 2024, which has a dividend record date of September 30, 2023, is paid based on the shares before the stock split.
  2. The Board of Directors at its meeting held on February 8, 2024 resolved to cancel 154,285,290 (shares) of its own shares on February 29, 2024. The total number of shares issued after the cancellation is 5,280,000,000 shares.

Dividend per Share

(Yen)

Fiscal Year

Change from

Previous

Fiscal Year

Total

amount of

shares acquired

Yen(billion)

1st quarter end

2nd quarter end

3rd quarter end

4th quarter end

FY2021

11

19

26

54

110

-2

-

FY2020

28

28

28

28

112

+1

96.2

FY2019

27

28

28

28

111

+11

62.1

FY2018

24

24

25

27

100

+8

87.0

FY2017

22

22

24

24

92

+4

-

FY2016

22

22

22

22

88

-

-

FY2015

22

22

22

22

88

+6

-

FY2014

20

20

20

22

82

+6

-

FY2013

19

19

19

19

76

+16

-

FY2012

15

15

15

15

60

+6

-

FY2011

12

12

15

15

54

+16

-

FY2010

8

8

10

12

38

-

-