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Returning Profits to Shareholders

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.

Dividend Per Share

    Dividend
    per Share
    (Yen)
        Fiscal Year Change Total amount
    of shares
    acquired
    Yen(billion)
    Interim Year-end
    FY2022
    55*
    55*
    110*
    -*
    -*
    * Expectation as of May 14, 2021
    Dividend per Share
    (Yen)
            Fiscal Year Change 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 - -