Decentralized execution structure by region, business and function

「In particular, in the Automobile field, the Company consolidated mass-production development and future research in Honda R&D Co., Ltd. To strengthen product competitiveness, it changed to a structure that addresses the entire process from selecting technology themes through product launch in an integrated, end-to-end and rapid manner, enabling it to respond to changes in the environment and continue creating attractive products.」

「The Company has established an operating structure aimed at further accelerating electrification and intelligence and realizing new value creation through the expansion of mobility. Along the business axis, it established the Automobile business operation and the Motorcycle and Power Products business operation, which plan medium- to long-term product-specific strategies. Along the functional axis, it established the Corporate Strategy, Corporate Administration, Automobile Production, Supply Chain Purchasing and Quality Transformation operations, creating a structure that views the issues faced by each business across functions and enables optimal responses to be decided promptly. In particular, in the Automobile field, the Company established the Automobile Development operation, aiming to strengthen the business by developing creative new technologies and products and establishing highly efficient development processes.」

「To further strengthen and accelerate the electrification business, we established the Electrification Business Development Division based on the Business Development Division launched in April 2022 to strengthen the electrification business. This division consolidates business strategy functions related to the four-wheel business, EV product development functions, and strategy and development functions for electrification in the motorcycle and power products businesses, with the aim of achieving “further acceleration of the electrification business” and “new value creation” through the expansion of mobility.」

「To further strengthen and accelerate the electrification business, we established the Electrification Business Development Division based on the Business Development Division launched in April 2022 to strengthen the electrification business. This division consolidates business strategy functions related to the four-wheel business, EV product development functions, and strategy and development functions for electrification in the motorcycle and power products businesses, with the aim of achieving “further acceleration of the electrification business” and “new value creation” through the expansion of mobility.」

「The Company has established an operating structure aimed at accelerating the electrification business further and realizing new value creation through the expansion of mobility. It established the Electrification Business Development operation, which consolidates the business strategy and product development functions for the electrification fields of the Motorcycle, Automobile and Power Products businesses. It also established the Automobile business operation and the Motorcycle and Power Products business operation, each of which has sales, production, development and purchasing functions and plans medium- to long-term product-specific strategies.」

「To strengthen the creation of new value by integrating hardware with software and services, we established the Business Development Division, consolidating business development functions and core software and electrification technologies. By bringing these together in a single organizational structure independent of the conventional product-based business divisions for motorcycles, automobiles and power products, we will increase agility, integrate technologies and businesses across products, and strengthen synergies.」

「To strengthen the creation of new value by integrating hardware with software and services, we established the Business Development Division, consolidating business development functions and core software and electrification technologies. By bringing these together in a single organizational structure independent of the conventional product-based business divisions for motorcycles, automobiles and power products, we will increase agility, integrate technologies and businesses across products, and strengthen synergies.」

「The Company has established an operating structure aimed at accelerating new growth and value creation through a shift of resources to new value areas and strengthening the Motorcycle, Automobile and Power Products businesses. To strengthen the creation of new value by integrating hardware with software and services, the Company established the Business Development operation, which consolidates business development functions and core software and electrification technologies. It also established the Automobile business operation and the Motorcycle and Power Products business operation, each of which has sales, production, development and purchasing functions and plans medium- to long-term product-specific strategies.」

「In the Motorcycle field, the PSP development functions of Honda of South Carolina Manufacturing, Inc., which is responsible for producing power sports products such as ATVs and Side-by-Sides, and Honda R&D Americas, Inc. were integrated into the PSP division of American Honda Motor Co., Inc. Through these organizational changes, the Company will further advance integrated operations across sales, production, development and purchasing and strengthen its capabilities in North America to respond more quickly to customer and market needs in anticipation of rapidly changing market conditions.」

「Through these organizational changes, the Company will further advance integrated operations across sales, production, development and purchasing and strengthen its capabilities in North America to respond more quickly to customer and market needs in anticipation of rapidly changing market conditions.」

「To strengthen business execution in each region and at the operating front line and enable prompt and appropriate management decisions, the Company has appointed executive officers and other officers responsible for business execution to the regional, business and functional operations and other key organizations. These officers execute operations in their respective areas under authority delegated by the Representative Executive Officers.」

「The Company integrated its automobile product development operations, excluding certain functions such as design, with those of Honda R&D Co., Ltd., and merged Honda Engineering Co., Ltd. The Company established a structure under which the sales, production, development and purchasing functions work closely together across the processes from planning and conceptualization, development and production launch of new models through to mass production, replacing their previously independent operating structures.」

「The Company integrated its automobile product development operations, excluding certain functions such as design, with those of Honda R&D Co., Ltd., and merged Honda Engineering Co., Ltd. The Company established a structure under which the sales, production, development and purchasing functions work closely together across the processes from planning and conceptualization, development and production launch of new models through to mass production, replacing their previously independent operating structures.」

「During the first quarter of the current consolidated fiscal year, the changes in the research and development activities of the Company and its consolidated subsidiaries were as follows. The Company integrated its automobile product development operations, excluding certain functions such as design, with those of Honda R&D Co., Ltd., and merged Honda Engineering Co., Ltd. The Company established a structure under which the sales, production, development and purchasing functions work closely together across the processes from planning and conceptualization, development and production launch of new models through to mass production, replacing their previously independent operating structures.」

「The Motorcycle and Automobile business operations each have sales, production, development and purchasing functions, while the Life Creation business operation has sales, production and purchasing functions. They plan medium- to long-term product-specific strategies and coordinate with each region to ensure the smooth and optimal operation of the business worldwide. In addition, the Mobility Services business operation plans and develops next-generation services covering all Motorcycle, Automobile and Life Creation product groups.」

「The Company integrated its motorcycle development operations with those of Honda R&D Co., Ltd. and established a structure under which the sales, production, development and purchasing functions work closely together across the processes from planning and conceptualization, development and production launch of new models through to mass production, replacing their previously independent operating structures.」

「Based on its fundamental principles and with a long-term perspective, the organizational structure for execution operates the business by establishing 6 regional operations and 1 regional coordination division to develop businesses rooted in each region worldwide. In the Motorcycle business, the Company integrated its motorcycle development operations with those of Honda R&D Co., Ltd. and established a structure under which the sales, production, development and purchasing functions work closely together across the processes from planning and conceptualization, development and production launch of new models through to mass production, replacing their previously independent operating structures.」

「Based on its fundamental principles and with a long-term perspective, the organizational structure for execution operates the business by establishing 6 regional operations and 1 regional coordination division to develop businesses rooted in each region worldwide.」

「In addition, the Motorcycle, Automobile and Power Products business operations plan medium- to long-term product-specific strategies and coordinate with the 6 regional operations to ensure the smooth and optimal operation of the business worldwide. The Brand Communications, Business Administration, Human Resources and Corporate Governance, IT, Production, Purchasing and Customer First functional operations provide support and coordination across the Group from their respective functional perspectives to improve the Group's overall effectiveness and efficiency.」

「Based on the Fundamental Beliefs and taking a long-term perspective, the Group has established 6 regional headquarters and conducts operations to develop businesses rooted in each region worldwide.」