Annual Report 2004
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Annual Report 2004 Annual Report 2004
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[COVER]The FCX fuel cell vehicle features Honda's original ultracapacitor, which enables the energy storage system to deliver excellent, highly efficient output, resulting in powerful, highly responsive performance. In the background is Honda's solar-powered hydrogen fueling station, which was set up within the Los Angeles Center, of Honda R&D Americas, Inc. (HRA), in October 2003. The station features a Honda-made water electrolysis module – among the world's most efficient – as well as next-generation thin-film solar panels (shown on rear right) made by Honda Engineering.
CONTENTS HTML PDF
> Corporate Profile > 00.html > Cover-01(206KB)
> Financial Highlights > 01.html
> To Our Shareholders > 02.html > page02-03(38KB)
> Review of Operations
Motorcycle Business
Automobile Business
Financial Services
Power Product & Other Businesses

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03.html

04.html
05.html
06.html
> page04-14(953KB)
> Honda's U.S. Automobile Operations > 07.html > page15-21(486KB)
> Environment and Safety > 08.html > page22-24(68KB)
> Corporate Governance > 09.html > page25-29(44KB)
> Risk Factors > 10.html > page30-31(17KB)
> Board of Directors and Corporate Auditors > 11.html > page32-33(111KB)
> Honda's History > 12.html > page34(21KB)
> Financial Section
Financial Summary
Financial Review
Consolidated Balance Sheets
Consolidated Statements of Income
Consolidated Statements of Stockholders' Equity
Consolidated Statements of Cash Flows
Notes to Consolidated Financial Statements
Report of Independent Registered Public Accounting Firm
Selected Quarterly Financial Data(Unaudited and Not Reviewed)
Net Sales and Operating Income by Business Segment


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13.html
14-21.html
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24.html
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26-42.html
43.html
44.html
45.html
> page36-83(220KB)
> Corporate Information > 46.html > page84-85(45KB)
> Honda's Stock Price and Trading Volume > 47.html > page86(35KB)
> Investor Information > 48.html > page87(52KB)

This annual report contains the consolidated financial statements of Honda Motor Co., Ltd., and its subsidiaries, prepared for holders of Honda American and European shares. Please note that the financial statements appearing in the Notice of Convocation of the 80th Ordinary General Meeting of Stockholders, which was held in Tokyo, Japan, on June 23, 2004, were prepared on the basis of accounting principles generally accepted in Japan in accordance with the Japanese Commercial Code and related solely to Honda Motor Co., Ltd., and were not consolidated with those of its subsidiaries. On May 28, 2004, the original notice in the Japanese language was mailed to holders of Honda common stock in Japan and an English translation thereof was mailed to holders of Honda American shares.

CAUTION WITH RESPECT TO FORWARD-LOOKING STATEMENTS

This annual report contains "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Such statements are based on management's assumptions and beliefs taking into account information currently available to it. Therefore, please be advised that Honda's actual results could differ materially from those described in these forward-looking statements as a result of numerous factors, including general economic conditions in Honda's principal markets and foreign exchange rates between the Japanese yen and other major currencies, as well as other factors detailed from time to time.

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