Honda Motor : Notice of Resolution by the Board of Directors Concerning Distribution of Surplus (Quarterly Dividends) and Dividend Forecast for the Fiscal Year Ending March 31, 2021

[Translation] August 5, 2020

To:	Shareholders of Honda Motor Co., Ltd.
From:	Honda Motor Co., Ltd.
	1-1,Minami-Aoyama2-chome,
	Minato-ku, Tokyo, 107-8556
	Takahiro Hachigo
	President and Representative Director

Notice of Resolution by the Board of Directors

Concerning Distribution of Surplus (Quarterly Dividends) and Dividend Forecast for the Fiscal Year Ending March 31, 2021

The Board of Directors of Honda Motor Co., Ltd. (the "Company"), at its meeting held on August 5, 2020, resolved to make a distribution of surplus (quarterly dividends), the record date of which is June 30, 2020, and the amount of the projected dividend per share of common stock for the year ending March 31, 2021 as follows:

		Particulars
1. Details of Distribution of Surplus (Quarterly Dividends)
			Previous Dividends	Dividends Paid for the
		Resolution	First Quarter in Fiscal
		Forecast
			2020
	Record Date	June 30, 2020	June 30, 2020	June 30, 2019
	Dividends per Share of	11	―	28
	Common Stock (yen)
	Total Amount of	18,999	―	49,287
	Dividends (million yen)
	Effective Date	September 4, 2020	―	August 30, 2019
	Source of Funds for	Retained Earnings	―	Retained Earnings
	Dividends

2. Details of the Dividend Payments

		Dividends per Share (yen)
	End of	End of	End of	Fiscal
Record Date	First	Second	Third	Total
Year-end
	Quarter	Quarter	Quarter
Latest Dividend Forecast	―	―	―	―	―
Projected Dividends	―	11	11	11	44
Dividends Paid in Fiscal 2021	11	―	―	―	―
Dividends Paid in Fiscal 2020	28	28	28	28	112

3. Basis of the Distribution of Surplus

The Company considers the redistribution of profits to its shareholders to be one of its most important management issues, and makes distributions after taking into account, among others, its retained earnings for future growth and consolidated earnings performance based on a long- term perspective. The Company resolved that a first quarter dividend payment of ¥11 per share of common stock is to be paid considering its forecast for consolidated financial results for the fiscal year ending March 31, 2021. The Company also announced the amount of the projected dividend per share of common stock for the year ending March 31, 2021 that was not announced in the press release for the Fiscal 2020 consolidated financial results.