Honda Motor Co., Ltd. stated that Toshihiro Mibe, currently the company’s Senior Managing Director, was named the next President and Representative Director, beginning April 1, 2021, during a meeting of the company’s Board of Directors held today. Takahiro Hachigo, the current President and Representative Director, will become a Director on April 1, 2021, and Mibe will take his place.
In accordance with the decision of the Ordinary General Meeting of Shareholders, which is slated to take place in June 2021 and at which point Hachigo will retire from the firm, Mibe will take over as Director, President, and Representative Executive Officer* (CEO).
In the roughly six years since he assumed the presidency in 2015, Hachigo took the initiative and created Honda’s 2030 Vision to enable Honda to become “a company society wants to exist” into the future. This was done in the face of a period of great transformation of the company’s business environment. Hachigo set Team Honda on a course to “solidify existing businesses” and “prepare for future expansion” in order to fulfill the company’s 2030 Vision statement, which reads, “to serve people globally with the delight of extending their life’s potential.” Honda has improved operational efficiency and reinforced its organizational structure in the fields of production and product development under Hachigo’s direction. Honda also laid a strong foundation for the future by pursuing the “selection and concentration” of its corporate resources on a worldwide scale, positioning it to soar in the next era.
Mibe, who will become Honda’s president in April, joined the company in 1987 and has spent the most of his career working on the development of autos’ powertrains. Mibe was appointed President and Representative Director of Honda R&D Co., Ltd. in 2019 and has been Senior Managing Director of Honda Motor Co., Ltd. since 2020.
The world is adopting a new value system in this transformative moment. As a reflection of this goal, Honda will work to achieve continuous growth and advancement under the new management structure by strengthening its dedication to resolving societal challenges based on Honda’s unchanging view that “the purpose of technology is to benefit people.” Honda is aware of the high standards that people have of it and is committed to growing and progressing alongside society.
*New title name in accordance with the change to a three-committee company after getting approval at the general shareholder meeting scheduled for June 2021.
In This Article...
What is the full name of Honda?
Honda Motor Company, Ltd., also known as Honda Giken Kgy KK in Japan, is a well-known motorcycle manufacturer and a significant automaker for the global market. Tokyo is home to the headquarters.
The Honda Technical Research Institute was established by the engineer Honda Soichiro in 1946 to create compact, effective internal combustion engines. In 1948, it was incorporated as the Honda Motor Company, and in 1949 it started making motorcycles. Small-engine motorcycles were first released in 1953, and the Honda C-100 became the most popular model worldwide by 1959. The American Honda Motor Business, a U.S. affiliate that the company founded in 1959, started manufacturing cars and motorbikes in the country in 1982.
Honda is a global leader in the manufacture of motorcycles, but since it started producing cars in 1963, cars account for the majority of the company’s annual sales. The well-known Civic and Accord models have been among its lightweight, fuel-efficient passenger automobiles. Farm equipment and small engines are some of the company’s other key product categories. Honda is a significant Japanese exporter to both the United States and other countries. Additionally, it maintains manufacturing facilities in numerous other nations and has joint ventures and technology licensing arrangements with a number of overseas businesses.
What is the wealth of Honda?
Honda Motor Co., Ltd. is a well-known auto and motorcycle manufacturer worldwide. Honda has a reputation for producing a wide range of goods, from specialized sports cars to tiny general-purpose engines. Honda is organized into 4 business sectors: The automobiles segment manufactures sport utility vehicles, micro cars, minivans, multi-wagons, and passenger cars. The segment for motorcycles manufactures all-terrain vehicles, personal watercraft, and multi-utility vehicles in addition to sports, business, and commuting kinds of bikes. The Financial Services provides a range of financial services, such as wholesale finance for dealers as well as retail loans and leasing to customers. The segment for “Life Creation and Other” produces a range of power equipment, such as solar cell batteries, power tillers, portable generators, grass cutters, outboard marine engines, water pumps, snow throwers, power carriers and sprayers, lawn mowers, and tractors.
What is Honda’s annual revenue?
History of growth rate of Honda’s annual and quarterly revenue from 2010 through 2022. The amount of money a business receives from its clients in exchange for the sale of goods or services is known as revenue. Net income is calculated by deducting all costs and expenses from the top line item on an income statement, which is revenue.
- Honda reported $123.803 billion in annual revenue in 2021, a 9.87% decrease from 2020.
- Honda’s yearly revenue in 2022 increased by 4.62% from 2021 to $129.519 billion.
- Honda reported $29.488 billion in revenue for the quarter ending June 30, 2022, a 9.58% decrease from the prior year.
- Honda’s yearly revenue in 2020 was $137.365 billion, down 3.94% from the previous year.
- Honda reported $126.393 billion in revenue for the year that ended June 30, 2022, a 7.52% decrease from the previous year.
Why is Honda so prosperous?
With everything from motorized machinery to airplanes, diversity has been the driving force behind it, resulting in many technological innovations. Honda, in example, is the largest engine manufacturer in the world, producing more than 20 million internal combustion engines per year.
Who is the Honda 2021 owner?
Japan’s TOKYO, February 19, 2021 — Honda Motor Co., Ltd. stated that Toshihiro Mibe, currently the company’s Senior Managing Director, was named the next President and Representative Director, beginning April 1, 2021, during a meeting of the company’s Board of Directors held today. Takahiro Hachigo, the current President and Representative Director, will become a Director on April 1, 2021, and Mibe will take his place.
In the roughly six years since he assumed the presidency in 2015, Hachigo took the initiative and created Honda’s 2030 Vision to enable Honda to become a company society wants to exist into the future. This was done in the face of a period of great transformation of the company’s business environment. In order to realize the company’s 2030 Vision statement—to serve people everywhere with the joy of maximizing their potential—Hachigo led Team Honda on a course to bolster current operations and get ready for future expansion. Honda has improved productivity and solidified its organizational structure in the fields of production and product development under Hachigo’s leadership. Additionally, by pursuing the global selection and concentration of its corporate resources, Honda built a strong foundation for the future and was ready to soar in the new era.
The world is adopting a new value system in this transformative moment. As a reflection of this direction, Honda will work to achieve continuous growth and advancement under the new management structure by strengthening its dedication to resolving social issues based on Honda’s belief that technology exists to benefit people, a belief that hasn’t changed since the company was founded. Honda is aware of the high standards that people have of it and is committed to growing and progressing alongside society.
Significant professional achievements of Toshihiro Mibe, who will succeed Takao Nakamura as President of Honda Motor Co., Ltd.
What does the Japanese word “Honda” mean?
Honda has undoubtedly advanced significantly since 1963. Today, it produces power equipment, motorcycles, aircraft, and vehicles. Honda has been the biggest motorcycle manufacturer in the world ever since the American Honda Motor Co. Inc. was founded in Los Angeles, California, in 1959. Additionally, it is currently the eighth-largest automaker in the world. Honda is a household name with a reputation for innovation, dependability, and high-quality construction.
Why is it Called Honda?
As you suspected, Honda was founded by Soichiro Honda. However, the name “Honda” actually has much richer roots, making the decision to use it intelligent (as opposed to merely arrogant). In Japanese, the word “Honda” really means “original rice paddy.” Although it may seem weird, it is rather typical for Japanese last names to refer to elements of rural environments. The choice to name the business Honda was successful in Japan due to its recognition and reliability, and it was successful worldwide due to its clarity and originality.
Are Honda cars reliable?
Numerous honors Honda has received are proof of its high caliber. More often than any other brand, this business has received the Car & Driver Top Manufacturer Awards. They have gotten this honor roughly 80 times, which is twice as many as Toyota, who only received it 38 times. That honor was given to the Honda Accord only 27 times.
Where is Honda produced?
Modern production facilities in Japan, Mexico, and the US are where Honda builds its vehicles. Honda manufactures a significant portion of its vehicles here in the United States, with the majority of model parts coming from the Midwest and the South.
Does Honda outperform Toyota?
Toyota has more automobiles, better costs, and higher reliability in the categories we looked at, making it the superior brand. When deciding between Honda and Toyota, Honda isn’t a slouch either thanks to its comparable dependability ratings, reasonable costs, and even higher safety ratings.
Which Honda vehicle is the largest?
The Honda Accord is the company’s largest car and serves as its flagship model. The Accord is offered in several different configurations, including sedan, coupe, hybrid, and hybrid plug-in variants. Regardless of the model, the Accord comes with high-end styling, incredible power, and exceptional fuel economy as standard equipment.
How many different Honda models are there?
The price of a Honda car starts at Rs 6.65 Lakh for the Amaze, the least costly model, and starts at Rs 19.92 Lakh for the City Hybrid eHEV, the most expensive model. In India, Honda offers six different automobile models, including three in the sedan category, one in the hatchback category, one in the compact SUV category, and one in the compact sedan category. In India, Honda will only release the HR-V.
Honda Cars India (HCIL) is a division of the Honda car company in Japan. The business was established in 1995, and Greater Noida, Uttar Pradesh, serves as its corporate headquarters. The City was the first model to leave the company’s Indian assembly line. For more than 20 years, the model has been sold in the nation.
Currently, the Amaze, Jazz, WR-V City, and all-new City are among Honda Cars India’s product offerings. The City has been the brand’s most popular model in India. The aforementioned cars are currently produced by HCIL at Tapukara in Rajasthan, and its plant in Greater Noida was shut down in 2021.
Honda Cars India only offered products with petrol engines for the first 15 years. The Amaze compact sedan, which was Honda’s first vehicle to be equipped with a diesel engine, was introduced in 2013. Except for the Jazz hatchback, all Honda products currently come with the iDTEC engine.
How does Honda generate revenue?
Vehicles (71%)
The majority of Honda’s income comes from the sales of its automotive products all around the world. 75% of the vehicles Honda sells in the US market are produced there, according to Bloomberg intelligence.