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    7267   JP3854600008

HONDA MOTOR CO., LTD.

(7267)
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Delayed Japan Exchange  -  01:00 2022-11-30 am EST
3356.00 JPY   +1.70%
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Honda Motor : GIKEN KOGYO KABUSHIKI KAISHA - Form 6-K

09/28/2022 | 02:16pm EST

HONDA GIKEN KOGYO KABUSHIKI KAISHA

(HONDA MOTOR CO., LTD.)

/s/ Masaharu Hirose

Masaharu Hirose

General Manager
Finance Division
Honda Motor Co., Ltd.

Date: September 28, 2022

Table of Contents

[Translation]

September 28, 2022

To: Shareholders of Honda Motor Co., Ltd.
From: Honda Motor Co., Ltd.
1-1, Minami-Aoyama 2-chome,
Minato-ku, Tokyo, 107-8556
Toshihiro Mibe
Director, President and Representative Executive Officer

Announcement Regarding the Completion of Procedures for the Establishment

of a Joint Venture with Sony Group Corporation in the Mobility Field

Honda Motor Co., Ltd. ("Honda") today completed procedures for the establishment of Sony Honda Mobility Inc., a joint venture with Sony Group Corporation, as previously announced on June 16, 2022 in the notice entitled "Announcement Regarding the Signing of a Joint Venture Agreement with Sony Group Corporation in the Mobility Field."

Although this joint venture has become an affiliate of Honda accounted for using the equity method as a result of the completion of the procedures, it is not anticipated to have a material impact on Honda's consolidated financial results for the fiscal year ending March 31, 2023.

New Company Overview

Company name : Sony Honda Mobility Inc.
Location : Tokyo, Japan
Capital : 10 billion yen
Investment ratio : Sony Group Corporation 50%, Honda Motor Co., Ltd. 50%
Members of the board : Yasuhide Mizuno, Representative Director, Chairman and CEO
Izumi Kawanishi, Representative Director, President and COO
Shugo Yamaguchi, Director and Deputy President
Kojiro Okabe, Director and Executive Vice President
Manabu Ozawa, Director (Honda Motor Co., Ltd.)
Naoya Horii, Director (Sony Group Corporation)

- End -

Disclaimer

Honda Motor Co. Ltd. published this content on 28 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2022 18:15:07 UTC.


ę Publicnow 2022
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Financials
Sales 2023 17 144 B 124 B 124 B
Net income 2023 751 B 5 430 M 5 430 M
Net Debt 2023 3 916 B 28 301 M 28 301 M
P/E ratio 2023 7,50x
Yield 2023 3,88%
Capitalization 5 690 B 41 116 M 41 116 M
EV / Sales 2023 0,56x
EV / Sales 2024 0,51x
Nbr of Employees 204 035
Free-Float 90,7%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 3 300,00 JPY
Average target price 4 018,75 JPY
Spread / Average Target 21,8%
EPS Revisions
Managers and Directors
Toshihiro Mibe President, Chief Executive Officer & Director
Kohei Takeuchi CFO, Director & Compliance Officer
Seiji Kuraishi Chairman
Kunihiko Sakai Independent Outside Director
Fumiya Kokubu Independent Outside Director
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