Annual Report 2003
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CORPORATE INFORMATION


Honda Motor Co., Ltd.

Established :September 24,1948

Principal Lines of Business :Manufacture, sale, lease and repair of motorcycles, automobiles and power products

Head Office :1-1, 2-chome, Minami-Aoyama, Minato-ku, Tokyo 107-8556, Japan

PRINCIPAL SUBSIDIARIES (Percentage owned by the Honda Group)
As of March 31 31, 2003

JAPAN
Honda R&D Co., Ltd. (100%)
(Saitama) Technical research and development work for Honda products
Honda Engineering Co., Ltd. (100%)
(Saitama) Manufacture and sale of machine tools,equipment and production techniques including plant layout
Yutaka Giken Co., Ltd. (69.7%)
(Shizuoka) Manufacture of parts for Honda products
Honda Foundry Co., Ltd. (82.1%)
(Saitama) Manufacture of parts for Honda products
Honda Lock Mfg. Co., Ltd. (100%)j
(Miyazaki) Manufacture of parts for Honda products
Asama Giken Co., Ltd. (77.5%)
(Nagano) Manufacture of parts for Honda products
Honda Finance Co., Ltd. (100%)
(Tokyo) Financing for the sale and leasing of Honda Products
Suzuka Circuitland Co., Ltd. (86.0%)
(Mie) Rental of a racing circuit
Honda Trading Corp. (100%)
(Tokyo) Import and export of parts for Honda products
Honda Sogo Tatemono Co., Ltd. (70.0%)
(Tokyo) Lease of buildings

NORTH AMERICA
American Honda Motor Co., Inc. (100%)
(U.S.A.) Distribution of Honda products
Honda North America, Inc. (100%)
(U.S.A.) Coordination of operations
Honda of America Mfg., Inc. (100%)
(U.S.A.) Manufacture of Honda products
American Honda Finance Corporation (100%)
(U.S.A.) Financing for the sale and leasing of Honda products
Honda Manufacturing of Alabama, LLC (100%)
(U.S.A.) Manufacture of Honda products
Honda Transmission Manufacturing of America, Inc. (100%)
(U.S.A.) Manufacture of parts for Honda products
Celina Aluminum Precision Technology, Inc. (100%)
(U.S.A.) Manufacture of parts for Honda products
Honda Power Equipment Manufacturing, Inc. (100%)
(U.S.A.) Manufacture of Honda parts and products
Honda R&D Americas, Inc. (100%)
(U.S.A.) Technical research and development work for Honda products
Cardington Yutaka Technologies, Inc. (100%)
(U.S.A.) Manufacture of Honda parts and products
Honda of South Carolina Manufacturing, Inc. (100%)
(U.S.A.) Manufacture of Honda products
Honda Trading America Corp. (100%)
(U.S.A.) Import and export of parts for Honda products
Honda Engineering North America, Inc. (100%)
(U.S.A.) Manufacture and sale of machine tools,equipment and production techniques,including plant layout
Honda Canada, Inc. (100%)
(Canada) Manufacture and distribution of Honda products
Honda Canada Finance, Inc. (100%)
(Canada) Financing for the sale and leasing of Honda products
Honda de Mexico, S.A. de C.V. (100%)
(Mexico) Manufacture and distribution of Honda parts and products

EUROPE
Honda Europe N.V. (100%)
(Belgium) Distribution of Honda parts and products
Honda Motor Europe Ltd. (100%)
(U.K.) Coordination of operations Distribution of Honda products
Honda of the U.K. Manufacturing Ltd. (100%)
(U.K.) Manufacture of Honda products
Honda Finance Europe plc. (100%)
(U.K.) Financing for the sale of Honda products
Honda Motor Europe (South) S.A. (100%)
(France) Distribution of Honda products
Honda Europe Power Equipment S.A. (100%)
(France) Manufacture and distribution of Honda products
Honda Motor Europe (North) G.m.b.H. (100%)
(Germany) Distribution of Honda products
Honda Bank G.m.b.H. (100%)
(Germany) Financing for the sale of Honda products
Honda R&D Europe (Deutschland) G.m.b.H. (100%)
(Germany) Technical research and development work for Honda products
Honda Italia Industriale S.p.A. (100%)
(Italy) Manufacture and distribution of Honda products
Montesa Honda S.A. (88.1%)
(Spain) Manufacture and distribution of Honda products

ASIA AND OTHER AREAS
Honda Motorcycle and Scooter India (Private) Ltd. (100%)
(India) Manufacture and distribution of Honda products
Honda Siel Cars India Ltd. (99.0%)
(India) Manufacture and distribution of Honda products
P.T. Honda Prospect Motor (51.0%)
(Indonesia) Manufacture and distribution of Honda products
Honda Malaysia Sdn. Bhd. ( 51.0%)
(Malaysia) Manufacture and distribution of Honda products
Honda Atlas Cars (Pakistan) Ltd. (51.0%)
(Pakistan) Manufacture and distribution of Honda products
Honda Philippines, Inc. (99.6%)
(Philippines) Manufacture and distribution of Honda products
Honda Cars Philippines, Inc. (54.2%)
(Philippines) Manufacture and distribution of Honda products
Honda Taiwan Co., Ltd. (100%)
(Taiwan) Manufacture and distribution of Honda products
Asian Honda Motor Co., Ltd. (100%)
(Thailand) Distribution of Honda products
Honda Automobile (Thailand) Co., Ltd. (91.4%)
(Thailand) Manufacture and distribution of Honda products
Thai Honda Manufacturing Co., Ltd. (60.0%)
(Thailand) Manufacture of Honda products
Honda Vietnam Co., Ltd. (70.0%)
(Vietnam) Manufacture and distribution of Honda products
Honda South America Ltda. (100%)
(Brazil) Coordination of operations Holding Company
Honda Automoveis do Brasil Ltda. (100%)
(Brazil) Manufacture and distribution of Honda products
Moto Honda da Amazonia Ltda. (100%)
(Brazil) Manufacture and distribution of Honda products
Honda Componentes da Amazonia Ltda. (100%)
(Brazil) Manufacture of parts for Honda products
Honda Turkiye A.S. (100%)
(Turkey)Manufacture and distribution of Honda products
Honda Australia Pty., Ltd. (100%)
(Australia) Distribution of Honda products
Honda New Zealand Ltd. (100%)
(New Zealand) Distribution of Honda products

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