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Investor Relations Activities: Our Fundamental Approach |
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| Honda strives to increase its corporate value and carry out its operations from a global perspective. Our investor relations activities focus on the dissemination of information directed at shareholders and investors, not only to disclose appropriate corporate performance and financial information, but also to accurately inform them in an open and timely manner of our advanced initiatives in such vital areas as environmental technology and future operating strategies. We also work to promote close dialogue, maximum understanding and mutual communication in our relations with shareholders and investors through general shareholders’ meetings, investor seminars and other activities. By building and maintaining an atmosphere of trust and respect, we hope to persuade more people to become Honda shareholders, and to encourage existing shareholders to maintain their ownership of our shares over the long term. |
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Honda’s History on Stock Exchanges |
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| Established in 1948, Honda Motor Co., Ltd. was listed on the Tokyo over-the-counter stock market in 1954. After being listed on the Tokyo Stock Exchange in 1957, the company was listed on all national exchanges in Japan. Overseas, American Honda Motor Co., Inc. issued American Depositary Receipts in 1962, and in 1977 was listed on the New York Stock Exchange. As Honda’s overseas development proceeded, Honda affiliates were listed on major exchanges worldwide: in 1981 on the London Stock Exchange, in 1983 on the Swiss Stock Exchange, and in 1985 on the Paris Stock Exchange (now known as Euronext Paris). With the ongoing internationalization of financial transactions, the volume of transactions on the Swiss and Paris exchanges has declined. In July 2007 Honda therefore applied to have its listing on these exchanges removed. |
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Profit Distribution Policy |
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| With respect to the redistribution of corporate profits to shareholders—one of the most important management issues—Honda’s basic policy for dividends is to make distributions after taking into account our long-term consolidated earnings performance. Honda will also acquire its own shares at optimal times with the goal of improving the efficiency and dynamism of the company’s capital structure. The present goal is to maintain a shareholder return ratio (dividends + share buyback) of approximately 30%. |
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| Shareholder returns |
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| Dividends per share: trend |
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On July 1, 2006, Honda executed a 2-for-1 share split |
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