News Releases 2004

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Corporate
Japan
June 25, 2004

Overseas Production and Exports On the Rise in May

Tokyo, June 25, 2004 - Honda Motor Co., Ltd. today announced production, domestic sales and export results for the month of May,2004.

Domestic auto production increased 3.2% over the first five months of the year compared to the same period a year ago, despite a slight decline in the month of May. With production in Asia increasing more than 36% in May compared to the same month last year, total overseas production increased slightly from last year.

Cumulative domestic sales remained relatively unchanged for the first five months compared to the same period a year ago, despite a 3.2% decline in May, from the previous year. Sales of mini-vehicles remained strong and marked the eighth consecutive month of increased sales dating back to October 2003. Life was Honda's best-selling car in May with sales of 10,882 units, a 48.5% increase from last year. Demand for Fit, Odyssey and Mobilio remained strong with sales of 9,642 unit, 5,944 units, 5,425 units, respectively. Sales of the all-new Elysion, introduced in the middle of the month, totaled 3,204 units.

Total exports increased 8.7% in May, compared to the same month a year ago due to an increase in exports to Europe and Asia as well as Oceania and the Middle East. Cumulative exports for the first five months of the year increased 4.4% compared to the same period last year.

PRODUCTION, SALES, EXPORTS (May 2004)

PRODUCTION

  May Annual Total - 2004
Units Vs.5/03 Units Vs.2003
Domestic 85,707 -2.6% 496,302 +3.2%
Overseas (CBU only) 158,094 +1.9% 796,952 +2.9%
Worldwide Total 243,801 +0.3% 1,293,254 +3.0%

OVERSEAS PRODUCTION

  May Annual Total - 2004
Units Vs.5/03 Units Vs.2003
North America 99,521 -8.3% 521,081 -6.9%
(USA only) 64,842 -11.0% 342,633 -9.0%
Europe 15,684 +6.1% 84,865 +3.6%
Asia 36,380 +36.7% 161,605 +38.6%
Others 6,509 +25.2% 29,401 +80.3%
Overseas Total 158,094 +1.9% 796,952 +2.9%

SALES (JAPAN)

Vehicle type May Annual Total - 2004
Units Vs.5/03 Units Vs.2003
Passenger Cars & Light Trucks 32,761 -7.2% 200,385 -8.5%
(Imports) 723 -67.9% 4,423 -53.0%
Mini Vehicles 17,317 +5.6% 111,868 +16.6%
Honda Brand Total 50,078 -3.2% 312,253 -0.9%

EXPORTS

  May Annual Total - 2004
Units Vs.5/03 Units Vs.2003
North America 18,232 -9.2% 98,996 -1.7%
(USA only) 17,436 +5.3% 90,105 +3.8%
Europe 12,813 +22.2% 59,172 +6.2%
Asia 1,908 +15.0% 5,905 -32.4%
Others 9,356 +39.4% 39,216 +32.7%
Total 42,309 +8.7% 203,289 +4.4%