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Major Initiatives in FY2007 |
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| Honda investor relations today |
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| To broaden understanding of its operations, Honda invites analysts and investors to its annual year-end presidential address (last held December 2006) |
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| Investor relations website content |
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As a law-abiding corporate citizen, Honda always maintains good communications with shareholders and investors worldwide. This is accomplished by publishing accurate information that is useful for investment decisions as it becomes available, and by representing the company’s operations and financial situation in a clear, factual manner.
To fulfill these objectives, in addition to an annual report, we publish quarterly reports and a shareholders’ bulletin. We also hold quarterly meetings with representatives of the media, analysts and institutional investors. On the day our financial results are released, teleconferences are held with overseas investors. We also hold quarterly meetings for principal overseas investors in Europe and North America to present our financial position and future management plans. These publications and reports, as well as presentation materials from financial results meetings, can be found at the Investor Relations section of the Honda Worldwide website (http://world. honda.com), which also contains news on the corporation’s global business development and other informative documents.
Honda strives to encourage investment by individuals. To make our shares more accessible to private investors, a share split was executed on July 1, 2006. A dividend was also issued in the third quarter of FY2007 in an effort to share profits with shareholders as expeditiously as possible. A sell-off of Honda shares held by the Banks’ Shareholding Purchasing Corporation was implemented in March 2007 to further encourage investment by individuals. As of March 31, 2007, these measures resulted in an increase of individual shareholders to over 180,000—three times what it had been a year before. |
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| Investor relations website content |
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| Communicating with shareholders |
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| Shareholders on a factory tour (November 2006, Saitama Factory) |
Honda considers the annual Ordinary General Meeting of Shareholders a vital opportunity to optimize communications with all of our shareholders. We strive to present all company information as clearly as possible, often employing illustrations and video, and fi elding the broadest possible range of questions and opinions. Displays of Honda automobiles, motorcycles and power products provide an opportunity for shareholders to examine our products firsthand. Naturally, ASIMO is sure to be there as well. To facilitate the participation of shareholders who are unable to attend in person, Honda has provided for Internet-based voting via computer or portable telephone since 2003, as well as for absentee voting by postal mail. We ensure that comprehensive documentation is distributed.
In many different ways, Honda invites shareholders to have a close look at what goes on inside of Honda, in the hope of enhancing understanding. For example, company visits by interested shareholders are held each autumn, giving us a chance to provide factory tours, presentations and question-and-answer sessions led by Honda directors. |
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| Maintaining open dialogue with shareholders |
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| Participating in the Japan Investor Relations Association’s Tokyo Investor Relations Panel in November 2006 |
Honda strives to promote a clear understanding of its activities—not only among current shareholders, but also among potential investors as well. Investor relations must be a two-way street: in order to avoid engaging in one-sided PR, we consider it essential to listen carefully and act proactively on the basis of what the markets are saying.
Seeking to facilitate dialogue between the company, its shareholders and other investors, Honda participated in the Tokyo Investor Relations Panel hosted by the Japan Investor Relations Association (JIRA) in November 2006. On that occasion, Honda representatives explained the company’s dividend policy and approach to providing shareholder returns, and presented our strategy for the future before responding to enquiries from participants. |
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