No.1-7628
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF June 2011
COMMISSION FILE NUMBER: 1-07628
HONDA GIKEN KOGYO KABUSHIKI KAISHA
(Name of registrant)
HONDA MOTOR CO., LTD.
(Translation of registrant’s name into English)
1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo 107-8556, Japan
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F * Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
The Board of Directors of Honda Motor Co., Ltd. (the “Company”), at its meeting held on June 14, 2011, resolved forecasts for consolidated and unconsolidated financial results, and the expected amount of distribution of surplus per Share of Common Stock for the fiscal year ending March 31, 2012, which the Company was unable to announce on the occasion of the Fiscal 2011 Fourth Quarter Results on April 28, 2011.
We hereby notify that after the reports described below were heard, all the proposals were approved by the 87th Ordinary General Meeting of Shareholders of the Company held on June 23, 2011.
The Company is filing this Notice since on June 24, 2011, it has submitted with the relevant Japanese authority an Extraordinary Report (the “Extraordinary Report”) pursuant to Article 24-5, Paragraph 4 of the Financial Instruments and Exchange Law and Article 19, Paragraph 2, Item 9-2 of the Cabinet Office Ordinance concerning Disclosure of Corporate Affairs, etc. to report on matters resolved and the results of voting at the General Shareholders’ Meeting of the Company.
The Company hereby makes the following revisions to the English language translation of its consolidated financial results for the fiscal year ended March 31, 2011, which were originally announced on April 28, 2011.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| HONDA GIKEN KOGYO KABUSHIKI KAISHA |
| (HONDA MOTOR CO., LTD.) |
| /s/ Fumihiko Ike |
| Fumihiko Ike |
| Senior Managing Officer and Director |
| Chief Financial Officer |
| Honda Motor Co., Ltd. |
Date: July 5, 2011
June 14, 2011
| To: |
Shareholders of Honda Motor Co., Ltd. | |
| From: |
Honda Motor Co., Ltd. | |
| 1-1, Minami-Aoyama 2-chome, | ||
| Minato-ku, Tokyo, 107-8556 | ||
| Takanobu Ito | ||
| President and Director |
Notice Concerning Forecasts for Consolidated and Unconsolidated Financial Results and the Expected Amount of Distribution of Surplus for the Fiscal Year Ending March 31, 2012
The Board of Directors of Honda Motor Co., Ltd. (the “Company”), at its meeting held on June 14, 2011, resolved forecasts for consolidated and unconsolidated financial results, and the expected amount of distribution of surplus per Share of Common Stock for the fiscal year ending March 31, 2012, which the Company was unable to announce on the occasion of the Fiscal 2011 Fourth Quarter Results on April 28, 2011.
Particulars
1. Forecasts for Financial Results for the Fiscal Year Ending March 31, 2012
(1) Consolidated Financial Results
| (Millions of Yen, except net income attributable to Honda Motor Co., Ltd. per common share) | ||||||||||||||||||||
| Net sales and other operating revenue |
Operating income | Income before income taxes, and equity in income of affiliates |
Net income attributable to Honda Motor Co., Ltd. |
Net income attributable to Honda Motor Co., Ltd. per common share (Yen) |
||||||||||||||||
| Forecast previously announced (A) |
— | — | — | — | — | |||||||||||||||
| Forecast on June 14, 2011 (B) |
8,300,000 | 200,000 | 215,000 | 195,000 | 108.19 | |||||||||||||||
| Change (B-A) |
— | — | — | — | — | |||||||||||||||
| Percentage change (%) |
— | — | — | — | — | |||||||||||||||
| (Reference) Results for the fiscal year ended March 31, 2011 |
8,936,867 | 569,775 | 630,548 | 534,088 | 295.67 | |||||||||||||||
(2) Unconsolidated Financial Results
| (Millions of Yen, except net income per common share) | ||||||||||||||||||||
| Net sales | Operating income | Ordinary income | Net income | Net income per common share (Yen) |
||||||||||||||||
| Forecast previously announced (A) |
— | — | — | — | — | |||||||||||||||
| Forecast on June 14, 2011 (B) |
2,720,000 | - 200,000 | - 40,000 | 15,000 | 8.32 | |||||||||||||||
| Change (B-A) |
— | — | — | — | — | |||||||||||||||
| Percentage change (%) |
— | — | — | — | — | |||||||||||||||
| (Reference) Results for the fiscal year ended March 31, 2011 |
2,915,416 | 13,994 | 229,769 | 86,657 | 47.97 | |||||||||||||||
Basis for this Timing of Announcement of the Forecasts
The Company was unable to reasonably calculate forecasts for the consolidated and unconsolidated financial results for the fiscal year ending March 31, 2012 due to the impact of the Great East Japan Earthquake that occurred on March 11, 2011. However, based on various factors such as recent environment and trends in the Company’s financial results, the Company hereby announces its forecasts for the consolidated and unconsolidated financial results for the fiscal year ending March 31, 2012, as above. The forecasts for the first half are not yet determined. The above forecast is based on the assumption that the exchange rates are 80 yen per 1 U.S. dollar and 110 yen per 1 Euro.
| * | For more detail, please refer to the Company’s investor relations website (URL http://world.honda.com/investors/). |
2. The Expected Amount of Distribution of Surplus per Share of Common Stock for the Fiscal Year Ending March 31, 2012
| (Yen) | ||||||||||||||||||||
| Dividends Per Share (yen) | ||||||||||||||||||||
| Record Date |
The End of First Quarter |
The End of Second Quarter |
The End of Third Quarter |
Year-end | Total | |||||||||||||||
| Expected Dividends previously announced |
— | — | — | — | — | |||||||||||||||
| Expected Dividends |
15 | 15 | 15 | 15 | 60 | |||||||||||||||
| Performance in Fiscal 2012 |
— | — | — | — | — | |||||||||||||||
| Performance in Fiscal 2011 |
12 | 12 | 15 | 15 | 54 | |||||||||||||||
| * | Please note that the year-end cash dividends for the fiscal year ended March 31, 2011 is a matter to be resolved at the 87th Ordinary General Meeting of Shareholders scheduled to be held on June 23, 2011. |
Basis for this Timing of Announcement of the Expected Amount of Distribution of Surplus per Share of Common Stock
The Company was unable to reasonably calculate the expected amount of distribution of surplus per Share of Common Stock for the fiscal year ending March 31, 2012 due to the impact of the Great East Japan Earthquake. However, based on the above forecasts for the consolidated and unconsolidated financial results for the fiscal year ending March 31, 2012, the Company hereby announces the expected amount of distribution of surplus per Share of Common Stock for the fiscal year ending March 31, 2012, as above.
| * | These “forward-looking statements” of Honda 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 and dividends could materially differ 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 the U.S. dollar, the Euro and other major currencies, as well as other factors detailed from time to time. |
June 23, 2011
To our shareholders,
Notice of Resolutions passed by the 87th
Ordinary General Meeting of Shareholders
We hereby notify you that after the reports described below were heard, all the proposals were approved as briefly described below by the 87th Ordinary General Meeting of Shareholders of the Company held today.
Yours sincerely,
Takanobu Ito
President and
Representative Director
Honda Motor Co., Ltd.
1-1, Minami-Aoyama 2-chome,
Minato-ku
Tokyo
Particulars
Matters reported:
| 1. | Report on the Business Report, consolidated financial statements and unconsolidated financial statements for the 87th Fiscal Year (from April 1, 2010 to March 31, 2011) |
| 2. | Report on the results of the audit of the consolidated financial statements for the 87th Fiscal Year (from April 1, 2010 to March 31, 2011) by the independent auditors and the Board of Corporate Auditors |
The contents of these documents were reported.
Matters resolved:
FIRST ITEM: Distribution of Dividends
The proposal was approved in its original form, and the year-end dividend for the fiscal year under review will be ¥15 per share.
SECOND ITEM: Partial Amendment to the Articles of Incorporation
The proposal was approved in its original form, and the contents of the amendments are as follows:
| Existing Articles of Incorporation |
Proposed Amendments | |
| Chapter I. General Provisions | Chapter I. General Provisions | |
| (Method of giving public notices) | (Method of giving public notices) | |
| Article 5. | Article 5. | |
| The public notices of the Company shall be given by publication in the Nihon Keizai Shinbun published in Tokyo. | The public notices of the Company shall be given by way of electronic public notice; provided, however, that, if any public notice is unable to be given by electronic public notice due to an accident or for any other unavoidable reason, public notice of the Company shall be made by publishing such notice in the Nihon Keizai Shinbun published in Tokyo. | |
| Existing Articles of Incorporation |
Proposed Amendments | |
| Chapter III. General Meeting of Shareholders | Chapter III. General Meeting of Shareholders | |
| [Newly established] | (Disclosure via Internet and Deemed Delivery of Reference Documents, etc. for General Meetings of Shareholders)
Article 15.
Upon convening a general meeting of shareholders, the Company may deem that the information required to be described or indicated in the reference documents for the general meeting of shareholders, business reports, financial statements and consolidated financial statements shall have been provided to the shareholders when such information is disclosed, pursuant to laws or regulations, through a method that uses the Internet. | |
| Article 15. | Article 16. | |
| [Provisions omitted] |
[Same as at present] | |
| Article 17. | Article 18. | |
| Chapter IV. Directors and Board of Directors | Chapter IV. Directors and Board of Directors | |
| (Number of Directors) | (Number of Directors) | |
| Article 18. | Article 19. | |
| Directors of the Company shall be not more than thirty in number. | Directors of the Company shall be not more than fifteen in number. | |
| Article 19. | Article 20. | |
| [Provisions omitted] |
[Unchanged] | |
| Article 26. | Article 27. | |
| Chapter V. Corporate Auditors and Board of Corporate Auditors | Chapter V. Corporate Auditors and Board of Corporate Auditors | |
| Article 27. | Article 28. | |
| [Provisions omitted] |
[Same as at present] | |
| Article 31. | Article 32. | |
| Existing Articles of Incorporation |
Proposed Amendments | |
| (Remuneration of Corporate Auditors, etc.) | (Remuneration of Corporate Auditors, etc.) | |
| Article 32. | Article 33. | |
| Remuneration, bonus and other proprietary benefits provided by the Company as compensation for the duties of Corporate Auditors shall be determined by resolution of a general meeting of shareholders. | Remuneration and other proprietary benefits provided by the Company as compensation for the duties of Corporate Auditors shall be determined by a resolution of a general meeting of shareholders. | |
| Chapter VI. Accounts | Chapter VI. Accounts | |
| Article 33. | Article 34. | |
| [Provisions omitted] |
[Same as at present] | |
| Article 36. | Article 37. | |
| * | The underlines indicate the portions amended. |
THIRD ITEM: Election of Twelve (12) Directors
The proposal was approved in its original form, and 11 directors were re-elected: Koichi Kondo, Takanobu Ito, Akio Hamada, Tatsuhiro Oyama, Fumihiko Ike, Tomohiko Kawanabe, Kensaku Hogen, Nobuo Kuroyanagi, Takeo Fukui, Takuji Yamada, Masahiro Yoshida. One director was newly elected: Yoshiharu Yamamoto. They have all assumed their posts.
FOURTH ITEM: Election of Two (2) Corporate Auditors
The proposal was approved in its original form, and two corporate auditors, Mr. Hirotake Abe and Mr. Tomochika Iwashita, were newly elected. They have all assumed their posts.
FIFTH ITEM: Payment of Bonus to Directors and Corporate Auditors for the 87th Fiscal Year
The proposal was approved in its original form, and the Company will pay a bonus in the total amount of three hundred and thirty-two million and nine hundred and thirty thousand yen (¥332,930,000) to the twenty (20) directors in office as of the end of the fiscal year (including the total amount of six million and four hundred thousand yen (¥6,400,000) to the two (2) outside directors) and a bonus in the total amount of thirty-nine million and eight hundred and ninety thousand yen (¥39,890,000) to the five (5) corporate auditors in office as of the end of the fiscal year. The amount of bonus payable to each of the directors and corporate auditors is left to be determined by the Board of Directors with regard to each director’s bonus, and to the consultation among the corporate auditors with regard to each corporate auditor’s bonus.
SIXTH ITEM: Revision of Amounts of Remuneration Payable to Directors and Corporate Auditors
The proposal was approved in its original form, and the total amount of remuneration payable by the Company to the Directors was revised to one billion and three hundred million yen (¥1,300,000,000) or less per annum (including the amount payable to the outside Directors being thirty-four million yen (¥34,000,000) or less per annum) and the total amount of remuneration payable to the Corporate Auditors was revised to two hundred and seventy million yen (¥270,000,000) or less per annum.
*****************************
At the meeting of the Board of Directors following the Ordinary General Meeting of Shareholders, Representative Directors and directors with executive powers were elected, and they have assumed their posts.
As a result, the composition of the directors of the Company is as follows:
Chairman and Representative Director
Koichi Kondo
Compliance Officer
President, Chief Executive Officer and
Representative Director
Takanobu Ito
Chief Operating Officer for Automobile Operations
Executive Vice President,
Executive Officer and Representative Director
Akio Hamada
Chief Operating Officer for Production Operations
Senior Managing Officer and Director
Tatsuhiro Oyama
Chief Operating Officer for Motorcycle Operations
Chief Officer of Driving Safety Promotion Center
Senior Managing Officer and Director
Fumihiko Ike
Chief Operating Officer for Business Management Operations
Risk Management Officer
General Supervisor, Information Systems
Senior Managing Officer and Director
Tomohiko Kawanabe
Responsible for Quality, Certification and Regulation Compliance
Managing Officer and Director
Yoshiharu Yamamoto
President, Chief Executive Officer and Director of Honda R&D Co., Ltd.
Director
Kensaku Hogen
Director
Nobuo Kuroyanagi
Director and Advisor
Takeo Fukui
Operating Officer and Director
Takuji Yamada
Chief Operating Officer for Power Product Operations
Operating Officer and Director
Masahiro Yoshida
Chief Operating Officer for Business Support Operations
| (Note) | Mr. Kensaku Hogen and Mr. Nobuo Kuroyanagi are outside directors as provided for in Article 2, Item 15 of the Company Law. |
Also, at the meeting of the Board of Corporate Auditors following the Ordinary General Meeting of Shareholders, full-time Corporate Auditors were re-elected, and they have assumed their posts. As a result, the composition of the Corporate Auditors of the Company is as follows:
Corporate Auditor (full-time)
Toru Onda
Corporate Auditor (full-time)
Hideki Okada
Corporate Auditor
Fumihiko Saito
Corporate Auditor
Hirotake Abe
Corporate Auditor
Tomochika Iwashita
| (Note) | Corporate Auditors Fumihiko Saito, Hirotake Abe and Tomochika Iwashita are outside corporate auditors as provided for in Article 2, Item 16 of the Company Law. |
The Company has introduced an operating officer system to strengthen operations in regions and local workplaces and implement quick and appropriate decisions. At the meeting of the Board of Directors following the Ordinary General Meeting of Shareholders, operating officers were elected, and they have assumed their posts.
As a result, the composition of the Operating Officers of the Company is as follows:
President, Chief Executive Officer
Takanobu Ito
Chief Operating Officer for Automobile Operations
Executive Vice President
Akio Hamada
Chief Operating Officer for Production Operations
Senior Managing Officer
Tetsuo Iwamura
Chief Operating Officer for Regional Operations (North America)
President and Director of Honda North America, Inc.
President and Director of American Honda Motor Co., Inc.
Senior Managing Officer
Tatsuhiro Oyama
Chief Operating Officer for Motorcycle Operations
Chief Officer of Driving Safety Promotion Center
Senior Managing Officer
Fumihiko Ike
Chief Operating Officer for Business Management Operations
Risk Management Officer
General Supervisor, Information Systems
Senior Managing Officer
Tomohiko Kawanabe
Responsible for Quality, Certification and Regulation Compliance
Managing Officer
Takashi Yamamoto
General Manager of Automobile Production Office, Production Operations
Managing Officer
Masaya Yamashita
Chief Operating Officer for Purchasing Operations
Managing Officer
Hidenobu Iwata
President and Director of Honda of America Mfg., Inc.
Managing Officer
Manabu Nishimae
Chief Operating Officer for Regional Operations (Europe, the Middle &Near East and Africa)
President and Director of Honda Motor Europe Ltd.
Managing Officer
Koichi Fukuo
Executive in Charge of Business Unit No. 1, Automobile Operations
Managing Officer
Hiroshi Kobayashi
Chief Operating Officer for Regional Operations (Asia & Oceania)
President and Director of Asian Honda Motor Co., Ltd.
Managing Officer
Sho Minekawa
Chief Operating Officer for Regional Sales Operations (Japan)
Managing Officer
Yoshiharu Yamamoto
President, Chief Executive Officer and Director of Honda R&D Co., Ltd.
Managing Officer
Toshihiko Nonaka
Responsible for Products, Automobile Operations
Senior Managing Officer and Director, Honda R&D Co., Ltd.
Operating Officer
Takuji Yamada
Chief Operating Officer for Power Product Operations
Operating Officer
Masahiro Takedagawa
Chief Operating Officer for Regional Operations (Latin America)
President and Director of Honda South America Ltda.
President and Director of Moto Honda da Amazonia Ltda.
President and Director of Honda Automoveis do Brazil Ltda.
Operating Officer
Yoshiyuki Matsumoto
Executive in Charge of Business Unit No. 3, Automobile Operations
Operating Officer
Ko Katayama
General Manager of Saitama Factory of Production Operations
Operating Officer
Masahiro Yoshida
Chief Operating Officer for Business Support Operations
Operating Officer
Seiji Kuraishi
Chief Operating Officer for Regional Operations (China)
President of Honda Motor (China) Investment Co., Ltd.
Operating Officer
Takashi Nagai
President and Director of Honda Siel Cars India Ltd.
President and Director of Honda Motor India Private Ltd.
Operating Officer
Katsushi Watanabe
General Manager of Kumamoto Factory of Production Operations
Operating Officer
Toshiaki Mikoshiba
President of Guangqi Honda Automobile Co., Ltd.
Operating Officer
Yoshi Yamane
Executive Vice President of Honda Motor (China) Investment Co., Ltd.
Operating Officer
Takashi Sekiguchi
President and Director of Honda Canada Inc.
Operating Officer
Takahiro Hachigo
General Manager of Suzuka Factory of Production Operations
Operating Officer
Hiroshi Sasamoto
President, Chief Executive Officer and Director of Honda Engineering Co., Ltd.
Operating Officer
Hiroyuki Yamada
Chief Operating Officer for Customer Service Operations
Operating Officer
Chitoshi Yokota
Executive in Charge of Business Unit No. 2, Automobile Operations
Operating Officer
Michimasa Fujino
President and Director of Honda Aircraft Company, Inc.
Operating Officer
Soichiro Takizawa
Executive Vice President and Director of Honda Motor Europe Ltd.
President and Director of Honda of the U.K. Manufacturing Ltd.
Operating Officer
Yuji Shiga
Responsible for CIS countries, the Middle & Near East and Africa for Regional Operations
Operating Officer
Kohei Takeuchi
General Manager of Accounting Division for Business Management Operation
| To: |
Shareholders of Honda Motor Co., Ltd. | |
| From: |
Honda Motor Co., Ltd. | |
| 1-1, Minami-Aoyama 2-chome, | ||
| Minato-ku, Tokyo, 107-8556 | ||
| Takanobu Ito | ||
| President and Representative Director |
Notice of Resolutions Passed by the 87th Ordinary General Meeting
of Shareholders and Results of Voting
We hereby notify you that after the reports described below were heard, all the proposals were approved as briefly described below by the 87th Ordinary General Meeting of Shareholders of the Company held on June 23, 2011 (the “General Shareholders’ Meeting”).
Particulars
| 1. | Reason for Filing |
Honda Motor Co., Ltd. (“the Company”) is filing this Notice since today it has submitted with the relevant Japanese authority an Extraordinary Report (the “Extraordinary Report “) pursuant to Article 24-5, Paragraph 4 of the Financial Instruments and Exchange Law and Article 19, Paragraph 2, Item 9-2 of the Cabinet Office Ordinance concerning Disclosure of Corporate Affairs, etc. to report on matters resolved and the results of voting at the General Shareholders’ Meeting of the Company.
| 2. | Details of the Extraordinary Report |
| (1) | Date on which the General Shareholders’ Meeting was held: |
June 23, 2011
| (2) | Details of the matters resolved: |
First Item: Distribution of Dividends
The year-end dividend for the fiscal year ended March 31, 2011: JPY 15 per share.
Second Item: Partial Amendment to the Articles of Incorporation
Third Item: Election of Twelve (12) Directors
Eleven (11) directors, namely Koichi Kondo, Takanobu Ito, Akio Hamada, Tatsuhiro Oyama, Fumihiko Ike, Tomohiko Kawanabe, Kensaku Hogen, Nobuo Kuroyanagi, Takeo Fukui, Takuji Yamada and Masahiro Yoshida, were re-elected. One (1) director, Yoshiharu Yamamoto, was newly elected.
Fourth Item: Election of Two (2) Corporate Auditors
Two (2) corporate auditors, Mr. Hirotake Abe and Mr. Tomochika Iwashita, were newly elected.
Fifth Item: Payment of Bonus to Directors and Corporate Auditors for the fiscal year ended March 31, 2011
Sixth Item: Revision of Amounts of Remuneration Payable to Directors and Corporate Auditors
| (3) | Number of affirmative votes, negative votes and abstentions in respect of the matters for resolution described above, results of voting and requirements for the approval of such matters for resolution: |
| Proposals |
Number of affirmative votes |
Number of negative votes |
Number of abstentions |
Ratio of affirmative votes (%) |
Approved/ disapproved |
|||||||||||||||
| First Item |
13,736,046 | 194,833 | 22,448 | 94.15 | Approved | |||||||||||||||
| Second Item |
13,900,210 | 31,470 | 22,020 | 95.28 | Approved | |||||||||||||||
| Third Item |
||||||||||||||||||||
| Koichi Kondo |
13,608,539 | 328,638 | 165,539 | 92.34 | Approved | |||||||||||||||
| Takanobu Ito |
13,569,427 | 343,060 | 41,227 | 93.01 | Approved | |||||||||||||||
| Akio Hamada |
13,799,657 | 137,521 | 16,539 | 94.59 | Approved | |||||||||||||||
| Tatsuhiro Oyama |
13,788,632 | 148,547 | 16,539 | 94.51 | Approved | |||||||||||||||
| Fumihiko Ike |
13,714,328 | 222,850 | 16,539 | 94.00 | Approved | |||||||||||||||
| Tomohiko Kawanabe |
13,788,520 | 148,658 | 16,539 | 94.51 | Approved | |||||||||||||||
| Kensaku Hogen |
13,891,433 | 55,230 | 7,057 | 95.22 | Approved | |||||||||||||||
| Nobuo Kuroyanagi |
11,944,297 | 1,992,518 | 16,901 | 81.87 | Approved | |||||||||||||||
| Takeo Fukui |
13,669,737 | 267,441 | 16,539 | 93.70 | Approved | |||||||||||||||
| Takuji Yamada |
13,788,646 | 148,532 | 16,539 | 94.51 | Approved | |||||||||||||||
| Masahiro Yoshida |
13,788,318 | 148,860 | 16,539 | 94.51 | Approved | |||||||||||||||
| Yoshiharu Yamamoto |
13,763,872 | 173,306 | 16,539 | 94.34 | Approved | |||||||||||||||
| Fourth Item |
||||||||||||||||||||
| Hirotake Abe |
13,884,909 | 47,328 | 21,428 | 95.17 | Approved | |||||||||||||||
| Tomochika Iwashita |
10,318,815 | 3,613,380 | 21,461 | 70.73 | Approved | |||||||||||||||
| Fifth Item |
12,705,172 | 1,220,805 | 27,738 | 87.09 | Approved | |||||||||||||||
| Sixth Item |
13,665,034 | 259,429 | 29,300 | 93.67 | Approved | |||||||||||||||
The requirements for approval of each matter for resolution are as follows:
| - | For the First, Fifth and Sixth Items of the proposals, a majority vote of the shareholders present at the General Shareholders’ Meeting |
| - | For the Second Item of the proposals, not less than two-thirds (2/3) of the votes of the shareholders present at the General Shareholders’ Meeting who hold shares representing in aggregate not less than one-third (1/3) of the voting rights of all shareholders entitled to vote |
| - | For the Third and Fourth Items of the proposals, a majority vote of the shareholders present at the General Shareholders’ Meeting who hold shares representing in aggregate not less than one-third (1/3) of the voting rights of all shareholders entitled to vote |
| (4) | Reasons for not including certain number of votes by shareholders present at the meeting in the number of votes mentioned above |
The aggregate number of (a) voting rights exercised prior to the General Shareholders’ Meeting and (b) the votes by shareholders present at the General Shareholders’ Meeting through which approval or disapproval was able to be ascertained for each of the proposals, was sufficient to meet the approval requirements and therefore the matters were duly resolved under the Companies Act of Japan. Accordingly, the number of votes by the shareholders present at the General Shareholders’ Meeting, but for which approval, disapproval or abstention for each proposal could not be confirmed, were not included in the number of votes mentioned in paragraph (3) above.
Honda Motor Co., Ltd. corrects the English language translation of its financial release
for the fiscal year ended March 31, 2011
Honda Motor Co., Ltd. hereby makes the following revisions to the English language translation of its consolidated financial results for the fiscal year ended March 31, 2011, which were originally announced on April 28, 2011 (the “Original Announcement”).
| 1. | In the “Fiscal Year Results” section, on page 7 of the Original Announcement, the following revision is made: |
| - | Within the second last sentence in the explanatory note that starts with “*Of the net sales of Honda-brand motorcycle products”, “7,920 thousand units” should read “7,290 thousand units”. |
| 2. | In the “Unconsolidated Financial Summary” section, on page 43 of the Original Announcement, the following revision is made: |
| - | In the Unconsolidated Statements of Income for the fiscal year ended March 31, 2010 and 2011, on page 43 of the Original Announcement, an account title that reads “Prior years” should be added between “Current” and “Deferred” in “Income taxes (benefit) expense:”, and the million yen amount of the “Prior years” for the year ended Mar. 31, 2011, should read “9,331”. |