Honda Motor Co., Ltd. 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 is JPY 10 billion.

Investment ratio: Sony Group Corporation 50%, Honda Motor Co., Ltd. 50%. Members board: Yasuhide Mizuno, Representative Director, Chairman and CEO. Izumi Kawanishi, Representative Director, President and COO.

Shugo Yamaguchi, Director and Deputy President. jiro Okabe, Director and Executive Vice President Manabu Ozawa, Director, Naoya Horii, Director.