May 13, 2022

HONDA MOTOR CO., LTD. REPORTS

CONSOLIDATED FINANCIAL RESULTS
FOR THE FISCAL FOURTH QUARTER AND
THE FISCAL YEAR ENDED MARCH 31, 2022

Tokyo, May 13, 2022--- Honda Motor Co., Ltd. today announced its consolidated financial results for the fiscal
fourth quarter and the fiscal year ended March 31, 2022.

Fiscal Year Results

Despite shifting to a recovery trend, the economic environment surrounding the Company, its consolidated
subsidiaries and its affiliates and joint ventures accounted for using the equity method in the fiscal year ended
March 31, 2022, continued to be difficult due to the impact of semiconductor supply shortage, and increases in raw
material costs, among other factors.

Regarding the spread coronavirus disease 2019 (COVID-19), resulting from travel restriction measures by
government, Honda's production bases in Japan and overseas were also affected by suspended or reduced
production mainly due to restrictions on employees' commute to the workplaces and delays in the supply of parts
within the supply chain. Some dealers in Japan and overseas were obliged to suspend business, shorten business
hours, or reduce services such as inspections and repairs. As of the date of this report, Honda has been largely
resuming its business activities and there is no significant impact on its businesses in major countries or regions.

Honda's consolidated sales revenue for the fiscal year ended March 31, 2022 increased by 10.5%, to JPY 14,552.6
billion from the fiscal year ended March 31, 2021, due mainly to increased sales revenue in Motorcycle business
and Financial services business operations as well as positive foreign currency translation effects. Operating profit
increased by 32.0%, to JPY 871.2 billion from the previous fiscal year, due mainly to an increase in profit
attributable to sales impacts as well as positive foreign currency effects, which was partially offset by a decrease in
profit attributable to price and cost impacts. Profit before income taxes increased by 17.1%, to JPY 1,070.1 billion
from the previous fiscal year. Profit for the year attributable to owners of the parent increased by 7.6%, to JPY
707.0 billion from the previous fiscal year.

Earnings per share attributable to owners of the parent for the year amounted to JPY 411.09, an increase of JPY
30.34 from the previous fiscal year. One Honda American Depository Share represents one common share.

Fourth Quarter Results

Consolidated sales revenue for the three months ended March 31, 2022 increased by 7.0%, to JPY 3,875.6 billion
from the same period last year, due mainly to positive foreign currency translation effects, which was partially
offset by decreased sales revenue in Automobile business operations. Operating profit decreased by 6.4%, to JPY
199.5 billion from the same period last year, due mainly to a decrease in profit attributable to price and cost
impacts, which was partially offset by positive foreign currency effects. Profit before income taxes decreased by
11.9%, to JPY 224.9 billion from the same period last year. Profit for the period attributable to owners of the parent
decreased by 41.5%, to JPY 124.8 billion from the same period last year.

Earnings per share attributable to owners of the parent for the quarter amounted to JPY 73.02, a decrease of JPY
50.53 from the corresponding period last year.

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Consolidated Statements of Financial Position for the Fiscal Year Ended March 31, 2022
Total assets increased by JPY 2,052.1 billion, to JPY 23,973.1 billion from March 31, 2021 due mainly to increased
cash and cash equivalents as well as positive foreign currency translation effects, which was partially offset by a
decrease in receivables from financial service. Total liabilities increased by JPY 652.4 billion, to JPY 13,200.6 billion
from March 31, 2021 due mainly to positive foreign currency translation effects, which was partially offset by a decrease
in financing liabilities as well as provisions. Total equity increased by JPY 1,399.7 billion, to JPY 10,772.5 billion from
March 31, 2021 due mainly to increased retained earnings attributable to profit for the year as well as positive foreign
currency translation effects.

Consolidated Statements of Cash Flows for the Fiscal Year Ended March 31, 2022
Consolidated cash and cash equivalents on March 31, 2022 increased by JPY 916.9 billion from March 31, 2021, to
JPY 3,674.9 billion. The reasons for the increases or decreases for each cash flow activity, when compared with the
previous fiscal year, are as follows:

Net cash provided by operating activities amounted to JPY 1,679.6 billion of cash inflows. Cash inflows from
operating activities increased by JPY 607.2 billion compared with the previous fiscal year, due mainly to increased
cash received from customers, which was partially offset by increased payments for parts and raw materials.

Net cash used in investing activities amounted to JPY 376.0 billion of cash outflows. Cash outflows from investing
activities decreased by JPY 420.8 billion compared with the previous fiscal year, due mainly to decreased payments
for acquisitions of investments accounted for using the equity method as well as increased proceeds from sales and
redemptions of other financial assets.

Net cash used in financing activities amounted to JPY 615.7 billion of cash outflows. Cash outflows from financing
activities increased by JPY 331.7 billion compared with the previous fiscal year, due mainly to a decrease in
proceeds from financing liabilities and purchases of treasury stock.

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Forecasts for the Fiscal Year Ending March 31, 2023
In regard to the forecasts of the financial results for the fiscal year ending March 31, 2023, Honda projects
consolidated results to be as shown below:
Fiscal year ending March 31, 2023 Yen (billions) Changes from FY 2022
Sales revenue 16,250.0 +11.7%
Operating profit 810.0 -7.0%
Profit before income taxes 1,035.0 -3.3%
Profit for the year 765.0 +0.6%
Profit for the year attributable to owners of the parent 710.0 +0.4%
Yen
Earnings per share attributable to owners of the parent
Basic and diluted 415.06
Note: The forecasts are based on the assumption that the average exchange rates for the Japanese yen to the U.S. dollar
will be JPY 120 for the full year ending March 31, 2023.

The reasons for the increases or decreases in the forecasts of the operating profit, and profit before income taxes for
the fiscal year ending March 31, 2023 from the previous year are as follows.

Yen (billions)
Sales impacts + 169.8
Price and cost impacts - 86.0
Expenses - 148.0
R&D expenses - 83.0
Currency effect + 86.0
Operating profit compared with fiscal year ended March 31, 2022 - 61.2
Profit of equity method + 27.4
Other - 1.4
Profit before income taxes compared with fiscal year ended March 31, 2022 - 35.1

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Dividend per Share of Common Stock
The interim dividend for the fiscal year ended March 31, 2022, was JPY 55 per share of common stock. The
year-end dividend for the fiscal year ended March 31, 2022, is JPY 65 per share of common stock. The total annual
dividend per share of common stock for the fiscal year ended March 31, 2022, is JPY 120 per share.
The Company expects to distribute an interim dividend of JPY 60 per share and a year-end dividend of JPY 60 per
share for the fiscal year ending March 31, 2023. As a result, the total annual dividend for the fiscal year ending
March 31, 2023 is expected to be JPY 120 per share.

This announcement contains "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based on management's assumptions and beliefs
taking into account information currently available to it. Therefore, please be advised that the actual results of the Company could
differ materially from those described in these forward-looking statements as a result of numerous factors, including general economic
conditions in the principal markets of the Company, its consolidated subsidiaries and its affiliates accounted for by the equity-method,
and fluctuation of foreign exchange rates, as well as other factors detailed from time to time. The various factors for increases and
decreases in profit have been classified in accordance with a method that Honda considers reasonable.

Basic Rationale for Selection of Accounting Standards

The Company adopted IFRS for the Company's consolidated financial statements from the year ended March 31,
2015 which have been included in the annual securities report (to be submitted to the Financial Services Agency of
Japan) and Form 20-F (to be submitted to the U.S. Securities and Exchange Commission), aiming at improving
comparability of financial information across international capital markets as well as standardization of financial
information and enhancing efficiency of financial reporting of the Company and its consolidated subsidiaries.

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[1] Consolidated Statements of Financial Position

March 31, 2021 and 2022

Yen (millions)
Mar. 31, 2021 Mar. 31, 2022
Assets
Current assets:
Cash and cash equivalents 2,758,020 3,674,931
Trade receivables 801,814 896,768
Receivables from financial services 1,794,654 1,694,113
Other financial assets 295,307 217,743
Inventories 1,545,600 1,918,548
Other current assets 383,696 439,322
Total current assets 7,579,091 8,841,425
Non-current assets:
Investments accounted for using the equity method 891,002 967,404
Receivables from financial services 3,619,896 3,740,383
Other financial assets 628,533 819,654
Equipment on operating leases 4,919,916 5,159,129
Property, plant and equipment 3,021,514 3,079,407
Intangible assets 818,763 849,507
Deferred tax assets 99,552 91,592
Other non-current assets 342,763 424,652
Total non-current assets 14,341,939 15,131,728
Total assets 21,921,030 23,973,153
Liabilities and Equity
Current liabilities:
Trade payables 1,088,061 1,236,233
Financing liabilities 3,005,624 3,118,304
Accrued expenses 415,106 375,601
Other financial liabilities 182,145 236,900
Income taxes payable 47,793 96,116
Provisions 362,151 268,388
Other current liabilities 614,577 672,857
Total current liabilities 5,715,457 6,004,399
Non-current liabilities:
Financing liabilities 4,715,361 4,984,252
Other financial liabilities 280,809 282,083
Retirement benefit liabilities 358,532 282,054
Provisions 278,890 253,625
Deferred tax liabilities 842,001 990,754
Other non-current liabilities 357,141 403,440
Total non-current liabilities 6,832,734 7,196,208
Total liabilities 12,548,191 13,200,607
Equity:
Common stock 86,067 86,067
Capital surplus 172,049 185,495
Treasury stock (273,786) (328,309)
Retained earnings 8,901,266 9,539,133
Other components of equity 196,710 990,438
Equity attributable to owners of the parent 9,082,306 10,472,824
Non-controlling interests 290,533 299,722
Total equity 9,372,839 10,772,546
Total liabilities and equity 21,921,030 23,973,153

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[2] Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

Consolidated Statements of Income

For the years ended March 31, 2021 and 2022
Yen (millions)
Year ended Year ended
Mar. 31, 2021 Mar. 31, 2022
Sales revenue 13,170,519 14,552,696

Operating costs and expenses:

Cost of sales (10,439,689) (11,567,923)
Selling, general and administrative (1,331,728) (1,326,485)
Research and development (738,894) (787,056)

Total operating costs and expenses (12,510,311) (13,681,464)

Operating profit 660,208 871,232

Share of profit of investments accounted for using the equity method 272,734 202,512
Finance income and finance costs:
Interest income 19,805 25,627
Interest expense (13,877) (16,867)
Other, net (24,817) (12,314)

Total finance income and finance costs (18,889) (3,554)

Profit before income taxes 914,053 1,070,190

Income tax expense (218,609) (309,489)

Profit for the year 695,444 760,701

Profit for the year attributable to:

Owners of the parent 657,425 707,067
Non-controlling interests 38,019 53,634

Yen
Earnings per share attributable to owners of the parent
Basic and diluted 380.75 411.09

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 Consolidated Statements of Comprehensive Income
For the years ended March 31, 2021 and 2022
Yen (millions)
Year ended Year ended
Mar. 31, 2021 Mar. 31, 2022
Profit for the year 695,444 760,701

Other comprehensive income, net of tax:

Items that will not be reclassified to profit or loss
Remeasurements of defined benefit plans 238,262 117,042
Net changes in revaluation of financial assets measured at fair value
through other comprehensive income 67,603 58,635
Share of other comprehensive income of investments accounted for
using the equity method 4,910 1,786
Items that may be reclassified subsequently to profit or loss
Net changes in revaluation of financial assets measured at fair value
(43) (682)
through other comprehensive income
Exchange differences on translating foreign operations 239,097 680,724
Share of other comprehensive income of investments accounted for
using the equity method 27,350 77,447
Total other comprehensive income, net of tax 577,179 934,952
Comprehensive income for the year 1,272,623 1,695,653
Comprehensive income for the year attributable to:
Owners of the parent 1,214,757 1,619,997
Non-controlling interests 57,866 75,656

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 Consolidated Statements of Income
For the three months ended March 31, 2021 and 2022
Yen (millions)
Three months Three months
ended ended
Mar. 31, 2021 Mar. 31, 2022
Sales revenue 3,623,806 3,875,683

Operating costs and expenses:

Cost of sales (2,845,168) (3,081,173)
Selling, general and administrative (327,517) (371,238)
Research and development (237,913) (223,685)

Total operating costs and expenses (3,410,598) (3,676,096)

Operating profit 213,208 199,587

Share of profit of investments accounted for using the equity method 68,164 45,478
Finance income and finance costs:
Interest income 6,233 6,890
Interest expense (5,314) (7,198)
Other, net (26,945) (19,805)

Total finance income and finance costs (26,026) (20,113)

Profit before income taxes 255,346 224,952

Income tax expense (31,800) (80,454)

Profit for the period 223,546 144,498

Profit for the period attributable to:

Owners of the parent 213,323 124,898
Non-controlling interests 10,223 19,600

Yen
Earnings per share attributable to owners of the parent
Basic and diluted 123.55 73.02

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 Consolidated Statements of Comprehensive Income
For the three months ended March 31, 2021 and 2022
Yen (millions)
Three months Three months
ended ended
Mar. 31, 2021 Mar. 31, 2022
Profit for the period 223,546 144,498

Other comprehensive income, net of tax:

Items that will not be reclassified to profit or loss
Remeasurements of defined benefit plans 238,262 117,042
Net changes in revaluation of financial assets measured at fair value
through other comprehensive income 3,603 (20,125)
Share of other comprehensive income of investments accounted for using
the equity method 4,297 1,673
Items that may be reclassified subsequently to profit or loss
Net changes in revaluation of financial assets measured at fair value
(170) (585)
through other comprehensive income
Exchange differences on translating foreign operations 353,105 461,572
Share of other comprehensive income of investments accounted for using
the equity method 21,578 34,062
Total other comprehensive income, net of tax 620,675 593,639
Comprehensive income for the period 844,221 738,137
Comprehensive income for the period attributable to:
Owners of the parent 820,555 701,887
Non-controlling interests 23,666 36,250

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[3] Consolidated Statements of Changes in Equity

For the years ended March 31, 2021 and 2022

Yen (millions)
Equity attributable to owners of the parent
Other
Common Capital Treasury Retained components Non-controlling Total
stock surplus stock earnings of equity Total interests equity
Balance as of April 1, 2020 86,067 171,823 (273,940) 8,142,948 (114,639) 8,012,259 273,764 8,286,023

Comprehensive income for the year

Profit for the year 657,425 657,425 38,019 695,444

Other comprehensive income, net
of tax 557,332 557,332 19,847 577,179
Total comprehensive
income for the year 657,425 557,332 1,214,757 57,866 1,272,623
Reclassification to retained earnings
245,983 (245,983) － －
Transactions with owners and other
Dividends paid (145,090) (145,090) (43,348) (188,438)
Purchases of treasury stock (6) (6) (6)
Disposal of treasury stock 160 160 160
Share-based payment transactions 226 226 226
Equity transactions and others 2,251 2,251
Total transactions
with owners and other 226 154 (145,090) (144,710) (41,097) (185,807)
Balance as of March 31, 2021 86,067 172,049 (273,786) 8,901,266 196,710 9,082,306 290,533 9,372,839

Comprehensive income for the year

Profit for the year 707,067 707,067 53,634 760,701

Other comprehensive income, net
of tax 912,930 912,930 22,022 934,952
Total comprehensive
income for the year 707,067 912,930 1,619,997 75,656 1,695,653
Reclassification to retained earnings 119,202 (119,202) － －
Transactions with owners and other
Dividends paid (188,402) (188,402) (45,131) (233,533)
Purchases of treasury stock (62,758) (62,758) (62,758)
Disposal of treasury stock 578 578 578
Share-based payment transactions (233) (233) (233)
Equity transactions and others 13,679 7,657 21,336 (21,336) －
Total transactions
with owners and other 13,446 (54,523) (188,402) (229,479) (66,467) (295,946)
Balance as of March 31, 2022 86,067 185,495 (328,309) 9,539,133 990,438 10,472,824 299,722 10,772,546

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[4] Consolidated Statements of Cash Flows

For the years ended March 31, 2021 and 2022

Yen (millions)
Year ended Year ended
Mar. 31, 2021 Mar. 31, 2022
Cash flows from operating activities:
Profit before income taxes 914,053 1,070,190
Depreciation, amortization and impairment losses excluding equipment on
operating leases 624,239 611,063
Share of profit of investments accounted for using the equity method (272,734) (202,512)
Finance income and finance costs, net 22,630 (56,352)
Interest income and interest costs from financial services, net (137,178) (155,872)
Changes in assets and liabilities
Trade receivables (133,788) (24,037)
Inventories 68,281 (208,895)
Trade payables 101,301 50,122
Accrued expenses (40,927) (68,811)
Provisions and retirement benefit liabilities 106,829 (156,079)
Receivables from financial services (59,934) 509,741
Equipment on operating leases (161,579) 171,600
Other assets and liabilities (72,473) 28,981
Other, net 5,190 (19,782)
Dividends received 191,112 193,555
Interest received 236,729 237,724
Interest paid (113,100) (97,884)
Income taxes paid, net of refunds (206,272) (203,130)
Net cash provided by operating activities 1,072,379 1,679,622
Cash flows from investing activities:
Payments for additions to property, plant and equipment (318,410) (268,143)
Payments for additions to and internally developed intangible assets (232,727) (181,083)
Proceeds from sales of property, plant and equipment and intangible assets 6,770 27,108
Payments for acquisitions of subsidiaries, net of cash and cash
equivalents acquired 2,230 －
Payments for acquisitions of investments accounted for using the equity method (110,747) －
Proceeds from sales of investments accounted for using the equity method 12,570 －
Payments for acquisitions of other financial assets (433,375) (488,631)
Proceeds from sales and redemptions of other financial assets 276,808 534,693
Net cash used in investing activities (796,881) (376,056)
Cash flows from financing activities:
Proceeds from short-term financing liabilities 9,115,347 7,487,724
Repayments of short-term financing liabilities (9,294,859) (7,960,144)
Proceeds from long-term financing liabilities 1,948,835 2,002,823
Repayments of long-term financing liabilities (1,798,429) (1,761,561)
Dividends paid to owners of the parent (145,090) (188,402)
Dividends paid to non-controlling interests (41,755) (53,813)
Purchases and sales of treasury stock, net 154 (62,180)
Repayments of lease liabilities (67,628) (80,165)
Other, net (555) －
Net cash provided by (used in) financing activities (283,980) (615,718)
Effect of exchange rate changes on cash and cash equivalents 94,149 229,063
Net change in cash and cash equivalents 85,667 916,911
Cash and cash equivalents at beginning of year 2,672,353 2,758,020
Cash and cash equivalents at end of year 2,758,020 3,674,931

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[5] Assumptions for Going Concern
None

― 12 ―
[6] Notes to Consolidated Financial Statements
[A] Segment Information
Honda has four reportable segments: Motorcycle business, Automobile business, Financial services business and
Life creation and other businesses, which are based on Honda's organizational structure and characteristics of
products and services. Operating segments are defined as the components of Honda for which separate financial
information is available that is evaluated regularly by the chief operating decision maker in deciding how to
allocate resources and in assessing performance. The accounting policies used for these reportable segments are
consistent with the accounting policies used in the Company's consolidated financial statements.

Principal products and services, and functions of each segment are as follows:
Segment Principal products and services Functions
Motorcycle Business Motorcycles, all-terrain vehicles (ATVs), Research and development
side-by-sides (SxS) and relevant parts Manufacturing
Sales and related services
Automobile Business Automobiles and relevant parts Research and development
Manufacturing
Sales and related services
Financial Services Business Financial services Retail loan and lease related to Honda products
Others
Life Creation and Other Power products and relevant parts, Research and development
Businesses* and others Manufacturing
Sales and related services
Others
Explanatory note:
* Life creation business has been renamed Power product business as a result of organizational changes effective April 1, 2022.

Segment information based on products and services

As of and for the year ended March 31, 2021
Yen (millions)
Financial Life Creation
Motorcycle Automobile Services and Other Segment Reconciling
Business Business Business Businesses Total Items Consolidated
Sales revenue:
External customers 1,787,283 8,567,205 2,494,294 321,737 13,170,519 － 13,170,519
Intersegment － 212,144 12,494 20,107 244,745 (244,745) －
Total 1,787,283 8,779,349 2,506,788 341,844 13,415,264 (244,745) 13,170,519
Segment profit (loss) 224,608 90,255 356,980 (11,635) 660,208 － 660,208
Segment assets 1,555,057 8,643,109 10,832,645 374,169 21,404,980 516,050 21,921,030
Depreciation and amortization 68,258 515,241 825,975 15,644 1,425,118 － 1,425,118
Capital expenditures 48,800 500,431 2,006,264 11,609 2,567,104 － 2,567,104

As of and for the year ended March 31, 2022

Yen (millions)
Financial Life Creation
Motorcycle Automobile Services and Other Segment Reconciling
Business Business Business Businesses Total Items Consolidated
Sales revenue:
External customers 2,185,253 9,147,498 2,820,667 399,278 14,552,696 － 14,552,696
Intersegment － 213,095 2,656 22,480 238,231 (238,231) －
Total 2,185,253 9,360,593 2,823,323 421,758 14,790,927 (238,231) 14,552,696
Segment profit (loss) 311,492 236,207 333,032 (9,499) 871,232 － 871,232
Segment assets 1,448,926 9,563,553 11,318,756 475,124 22,806,359 1,166,794 23,973,153
Depreciation and amortization 65,423 510,755 883,712 17,018 1,476,908 － 1,476,908
Capital expenditures 49,203 410,169 2,028,700 15,748 2,503,820 － 2,503,820

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For the three months ended March 31, 2021
Yen (millions)
Financial Life Creation
Motorcycle Automobile Services and Other Segment Reconciling
Business Business Business Businesses Total Items Consolidated
Sales revenue:
External customers 529,110 2,359,477 640,653 94,566 3,623,806 － 3,623,806
Intersegment － 58,935 2,974 5,837 67,746 (67,746) －
Total 529,110 2,418,412 643,627 100,403 3,691,552 (67,746) 3,623,806
Segment profit (loss) 72,229 37,631 106,399 (3,051) 213,208 － 213,208

For the three months ended March 31, 2022

Yen (millions)
Financial Life Creation
Motorcycle Automobile Services and Other Segment Reconciling
Business Business Business Businesses Total Items Consolidated
Sales revenue:
External customers 583,157 2,478,841 706,332 107,353 3,875,683 － 3,875,683
Intersegment － 58,075 532 5,439 64,046 (64,046) －
Total 583,157 2,536,916 706,864 112,792 3,939,729 (64,046) 3,875,683
Segment profit (loss) 79,097 47,660 74,883 (2,053) 199,587 － 199,587

Explanatory notes:
1. Intersegment sales revenues are generally made at values that approximate arm's-length prices.
2. Reconciling items include elimination of intersegment transactions and balances as well as unallocated corporate assets. Unallocated corporate assets,
included in reconciling items as of March 31, 2021 and 2022 amounted to JPY 696,327 million and JPY 1,319,995 million, respectively, which consist
primarily of the Company's cash and cash equivalents and financial assets measured at fair value through other comprehensive income.

In addition to the disclosure required by IFRS, Honda provides the following supplemental information for the
financial statements users:

Supplemental geographical information based on the location of the Company and its subsidiaries
As of and for the year ended March 31, 2021
Yen (millions)
North Other Reconciling
Japan America Europe Asia Regions Total Items Consolidated
Sales revenue:
External customers 2,190,797 7,081,264 503,549 2,966,814 428,095 13,170,519 － 13,170,519
Inter-geographic
areas 1,677,038 399,573 178,300 491,965 6,400 2,753,276 (2,753,276) －
Total 3,867,835 7,480,837 681,849 3,458,779 434,495 15,923,795 (2,753,276) 13,170,519
Operating profit (loss) (75,935) 455,888 27,460 251,886 (5,034) 654,265 5,943 660,208
Assets 5,295,475 12,209,455 677,066 3,267,417 482,918 21,932,331 (11,301) 21,921,030
Non-current assets
other than financial
instruments, deferred
tax assets and net
3,050,270 5,039,085 60,790 666,795 117,528 8,934,468 － 8,934,468
defined benefit assets

As of and for the year ended March 31, 2022

Yen (millions)
North Other Reconciling
Japan America Europe Asia Regions Total Items Consolidated
Sales revenue:
External customers 2,354,532 7,618,932 602,695 3,393,323 583,214 14,552,696 － 14,552,696
Inter-geographic
areas 2,004,754 471,255 98,516 662,124 9,925 3,246,574 (3,246,574) －
Total 4,359,286 8,090,187 701,211 4,055,447 593,139 17,799,270 (3,246,574) 14,552,696
Operating profit (loss) 6,411 501,073 26,681 339,129 22,899 896,193 (24,961) 871,232
Assets 5,318,033 12,983,779 597,473 3,803,877 619,998 23,323,160 649,993 23,973,153
Non-current assets
other than financial
instruments, deferred
tax assets and net
3,036,832 5,334,121 49,129 706,562 169,447 9,296,091 － 9,296,091
defined benefit assets

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For the three months ended March 31, 2021
Yen (millions)
North Other Reconciling
Japan America Europe Asia Regions Total Items Consolidated
Sales revenue:
External customers 630,953 1,880,942 152,586 842,041 117,284 3,623,806 － 3,623,806
Inter-geographic
areas 487,173 128,979 56,589 162,327 1,891 836,959 (836,959) －
Total 1,118,126 2,009,921 209,175 1,004,368 119,175 4,460,765 (836,959) 3,623,806
Operating profit (loss) (44,549) 186,652 9,108 81,817 (5,455) 227,573 (14,365) 213,208

For the three months ended March 31, 2022

Yen (millions)
North Other Reconciling
Japan America Europe Asia Regions Total Items Consolidated
Sales revenue:
External customers 640,540 1,937,777 162,440 992,604 142,322 3,875,683 － 3,875,683
Inter-geographic
areas 498,051 130,083 9,449 170,726 2,446 810,755 (810,755) －
Total 1,138,591 2,067,860 171,889 1,163,330 144,768 4,686,438 (810,755) 3,875,683
Operating profit (loss) (20,252) 86,998 8,917 106,879 4,257 186,799 12,788 199,587

Explanatory notes:
1. Major countries in each geographic area:
North America United States, Canada, Mexico
Europe United Kingdom, Germany, Belgium, Italy, France
Asia Thailand, China, India, Vietnam, Malaysia
Other Regions Brazil, Australia
2. Sales revenues between geographic areas are generally made at values that approximate arm's-length prices.
3. Reconciling items include elimination of inter-geographic transactions and balances as well as unallocated corporate assets. Unallocated corporate assets,
included in reconciling items as of March 31, 2021 and 2022 amounted to JPY 696,327 million and JPY 1,319,995 million, respectively, which consist
primarily of the Company's cash and cash equivalents and financial assets measured at fair value through other comprehensive income.

[B] Information about per common share

Equity per share attributable to owners of the parent as of March 31, 2021 and 2022 are calculated based on the
following information.
2021 2022
Equity attributable to owners of the parent (millions of yen) 9,082,306 10,472,824
The number of shares outstanding at the end of the year (excluding treasury stock)
(shares) 1,726,655,268 1,710,600,356
Equity per share attributable to owners of the parent (yen) 5,260.06 6,122.31

Earnings per share attributable to owners of the parent for the years ended March 31, 2021 and 2022 are calculated
based on the following information. There were no significant potentially dilutive common shares outstanding for
the years ended March 31, 2021 and 2022.
2021 2022
Profit for the year attributable to owners of the parent (millions of yen) 657,425 707,067
Weighted average number of common shares outstanding, basic (shares) 1,726,638,088 1,719,961,835
Basic earnings per share attributable to owners of the parent (yen) 380.75 411.09

[C] Significant Subsequent Event

None

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[D] Other
Loss related to airbag inflators
Honda has been conducting market-based measures in relation to airbag inflators. Honda recognizes a provision for
specific warranty costs when it is probable that an outflow of resources embodying economic benefits will be
required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. There is a
possibility that Honda will need to recognize additional provisions when new evidence related to the product recalls
arise, however, it is not possible for Honda to reasonably estimate the amount and timing of potential future losses
as of the date of this report.

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