News Releases 2004

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Corporate
Japan
February 4, 2004

2003/2004 SALES & PRODUCTION

<Global Sales (million units)>

  2003 2004
Result % Change Plan % Change
Motorcycles & ATVs *approx. 9.11 113% *approx. 10.40 114%
Automobiles *approx. 2.91 103% *approx. 3.20 110%
Power Products *approx. 5.00 112% *approx. 5.40 108%
Total *approx. 17.02 111% *approx. 19.00 112%

*New record

<Motorcycles & ATVs>

  2003 2004
Result % Change Plan % Change
Japan sales (Units)
421,247
100.5% (Units)
410,000
97.3%
Export sales 399,864 87.8% 370,000 92.5%
Motorcycles Total 821,111 93.9% 780,000 95.0%
ATVs 307,728 93.6% *340,000 110.5%
Motorcycle & ATV Total 1,128,839 93.8% 1,120,000 99.2%
KD sets *7,440,630 109.5% *8,620,000 115.9%

*New record

Note: Electric power assist bicycles are not included in the above figures.

Japan production1 667,370 76.8% 610,000 91.4%
Overseas production2 *8,484,686 119.5% *9,760,000 115.0%
Global production3 *9,152,056 114.9% *10,370,000 113.3%

*New record

1Completely built unit (CBU) + complete knock-down (CKD)
2CBU production at local plants (excluding overseas CKD)
3Domestic production plus overseas production

<Automobiles>

  2003 2004
Result % Change Plan % Change
Passenger cars & light trucks4 (Units)
479,895
78.2%
(Units)
506,000
105.4%
Mini vehicles 255,087 88.4% 294,000 115.3%
Japan sales 734,982 81.4% 800,000 108.8%
Export sales 465,653 97.9% 460,000 98.8%
Total 1,200,635 87.1% 1,260,000 104.9%
KD sets 1,571,520 110.5% *1,710,000 108.8%

*New record

4Import car sales are included in passenger cars & light trucks

Japan production5 1,170,941 84.5% 1,220,000 104.2%
Overseas production6 *1,797,375 118.8% *1,930,000 107.4%
Global production7 *2,968,316 102.4% *3,150,000 106.1%

*New record

5 Completely built unit (CBU) + complete knock-down (CKD)
6 CBU production at local plants (excluding overseas CKD)
7 Domestic production plus overseas production

<Power Products>

  2003 2004
Result % Change Plan % Change
Japan sales (Units)
464,287
94.2% (Units)
400,000
86.2%
Export sales *4,540,831 113.9% *5,000,000 110.1%
Total *5,005,118 111.7% *5,400,000 107.9%

*New record

Note: OEM engines for export have been included in Japan sales since 2001.