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    7267   JP3854600008

HONDA MOTOR CO., LTD.

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Honda Motor : Unveils New SENSING 360 Omnidirectional Safety and Driver-Assistive System - Application will begin in China in 2022 and will be expanded globally -

10/14/2021 | 06:22am EST

TOKYO, Japan - Honda Motor Co., Ltd. today unveiled the new Honda SENSING 360 omnidirectional safety and driver-assistive system which removes blind spots around the vehicle and contributes to collision avoidance and the reduction of driver burden while driving. Further evolved from the previous system, Honda SENSING 360 features an expanded sensing range not only in the front and rear, but omnidirectionally around the vehicle.

Application of Honda SENSING 360 will begin in 2022 with automobile product introduced in the Chinese market. Honda will strive to expand the application to all models to go on sale in all major markets by 2030.

Striving for a collision-free society for everyone sharing the road, represented by the global safety slogan "Safety for Everyone," Honda has been pursuing the research and development of safety technologies from the perspective of both hardware and software. Since its introduction in 2014, the Honda SENSING*1 advanced safety and driver-assistive system has been further advancing its functions, expanding its application to mass-production models globally and supporting Honda customers in a variety of driving situations.

Honda SENSING 360*1 realized 360-degree sensing*2 by adding a total of five units of millimeter-wave radar in front and at each corner of the vehicle, in addition to the monocular camera*3 which is used by the current Honda SENSING. This expanded sensing range covers blind spots around the vehicle which are difficult for the driver to visually check and contributes to the avoidance of collisions with other vehicles and pedestrians as well as a reduction of the driver burden related to driving. For the development of Honda SENSING 360, Honda leveraged its knowledge and know-how amassed through the research and development of Level 3 automated driving technologies.

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(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials
Sales 2022 14 744 B 130 B 130 B
Net income 2022 635 B 5 582 M 5 582 M
Net Debt 2022 5 128 B 45 098 M 45 098 M
P/E ratio 2022 9,00x
Yield 2022 3,49%
Capitalization 5 556 B 48 919 M 48 868 M
EV / Sales 2022 0,72x
EV / Sales 2023 0,65x
Nbr of Employees 211 374
Free-Float 91,4%
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Number of Analysts 19
Last Close Price 3 237,00 JPY
Average target price 4 066,11 JPY
Spread / Average Target 25,6%
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Managers and Directors
Toshihiro Mibe President, Chief Executive Officer & Director
Kohei Takeuchi CFO, Director & Compliance Officer
Toshiaki Mikoshiba Chairman
Seiji Kuraishi Chief Operating Officer, Director & Executive VP
Kunihiko Sakai Independent Outside Director
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