Document and Entity Information
Document and Entity Information | 12 Months Ended |
Mar. 31, 2019shares | |
Document and entity information [abstract] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Mar. 31, 2019 |
Document Fiscal Year Focus | 2019 |
Document Fiscal Period Focus | FY |
Trading Symbol | HMC |
Entity Registrant Name | HONDA MOTOR CO LTD |
Entity Central Index Key | 0000715153 |
Current Fiscal Year End Date | --03-31 |
Entity Voluntary Filers | No |
Entity Well-known Seasoned Issuer | Yes |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity Common Stock, Shares Outstanding | 1,759,561,385 |
Consolidated Statements of Fina
Consolidated Statements of Financial Position - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Current assets: | ||
Cash and cash equivalents | ¥ 2,494,121 | ¥ 2,256,488 |
Trade receivables | 793,245 | 800,463 |
Receivables from financial services | 1,951,633 | 1,840,699 |
Other financial assets | 163,274 | 213,177 |
Inventories | 1,586,787 | 1,523,455 |
Other current assets | 358,234 | 291,006 |
Total current assets | 7,347,294 | 6,925,288 |
Non-current assets: | ||
Investments accounted for using the equity method | 713,039 | 679,517 |
Receivables from financial services | 3,453,617 | 3,117,364 |
Other financial assets | 417,149 | 436,555 |
Intangible assets | 744,368 | 741,514 |
Deferred tax assets | 150,318 | 129,338 |
Other non-current assets | 162,648 | 169,022 |
Total non-current assets | 13,071,828 | 12,423,876 |
Total assets | 20,419,122 | 19,349,164 |
Current liabilities: | ||
Trade payables | 1,184,882 | 1,224,627 |
Financing liabilities | 3,188,782 | 2,917,261 |
Accrued expenses | 476,300 | 404,719 |
Other financial liabilities | 132,910 | 115,405 |
Income taxes payable | 49,726 | 53,595 |
Provisions | 348,763 | 305,994 |
Other current liabilities | 599,761 | 602,498 |
Total current liabilities | 5,981,124 | 5,624,099 |
Non-current liabilities: | ||
Financing liabilities | 4,142,338 | 3,881,749 |
Other financial liabilities | 63,689 | 60,005 |
Retirement benefit liabilities | 398,803 | 404,401 |
Provisions | 220,745 | 220,625 |
Deferred tax liabilities | 727,411 | 629,722 |
Other non-current liabilities | 319,222 | 294,468 |
Total non-current liabilities | 5,872,208 | 5,490,970 |
Total liabilities | 11,853,332 | 11,115,069 |
Equity: | ||
Common stock | 86,067 | 86,067 |
Capital surplus | 171,460 | 171,118 |
Treasury stock | (177,827) | (113,271) |
Retained earnings | 7,973,637 | 7,611,332 |
Other components of equity | 214,383 | 178,292 |
Equity attributable to owners of the parent | 8,267,720 | 7,933,538 |
Non-controlling interests | 298,070 | 300,557 |
Total equity | 8,565,790 | 8,234,095 |
Total liabilities and equity | 20,419,122 | 19,349,164 |
Equipment on operating leases [member] | ||
Non-current assets: | ||
Property, plant and equipment | 4,448,849 | 4,088,133 |
Property, plant and equipment [member] | ||
Non-current assets: | ||
Property, plant and equipment | ¥ 2,981,840 | ¥ 3,062,433 |
Consolidated Statements of Inco
Consolidated Statements of Income - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Profit or loss [abstract] | |||
Sales revenue | ¥ 15,888,617 | ¥ 15,361,146 | ¥ 13,999,200 |
Operating costs and expenses: | |||
Cost of sales | (12,580,949) | (12,000,581) | (10,865,848) |
Selling, general and administrative | (1,774,393) | (1,775,151) | (1,601,212) |
Research and development | (806,905) | (751,856) | (691,429) |
Total operating costs and expenses | (15,162,247) | (14,527,588) | (13,158,489) |
Operating profit | 726,370 | 833,558 | 840,711 |
Share of profit of investments accounted for using the equity method | 228,827 | 247,643 | 164,793 |
Finance income and finance costs: | |||
Interest income | 48,618 | 41,191 | 32,389 |
Interest expense | (13,217) | (12,970) | (12,471) |
Other, net | (11,223) | 5,551 | (18,436) |
Total finance income and finance costs | 24,178 | 33,772 | 1,482 |
Profit before income taxes | 979,375 | 1,114,973 | 1,006,986 |
Income tax expense | (303,089) | 13,666 | (327,592) |
Profit for the year | 676,286 | 1,128,639 | 679,394 |
Profit for the year attributable to: | |||
Owners of the parent | 610,316 | 1,059,337 | 616,569 |
Non-controlling interests | ¥ 65,970 | ¥ 69,302 | ¥ 62,825 |
Earnings per share attributable to owners of the parent | |||
Basic and diluted | ¥ 345.99 | ¥ 590.79 | ¥ 342.10 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement of comprehensive income [abstract] | |||
Profit for the year | ¥ 676,286 | ¥ 1,128,639 | ¥ 679,394 |
Items that will not be reclassified to profit or loss | |||
Remeasurements of defined benefit plans | (23,745) | 13,344 | 58,154 |
Net changes in revaluation of financial assets measured at fair value through other comprehensive income | (24,046) | 19,288 | 22,707 |
Share of other comprehensive income of investments accounted for using the equity method | (2,837) | 1,688 | 3,262 |
Items that may be reclassified subsequently to profit or loss | |||
Net changes in revaluation of financial assets measured at fair value through other comprehensive income | 228 | ||
Exchange differences on translating foreign operations | 95,568 | (204,184) | 8,064 |
Share of other comprehensive income of investments accounted for using the equity method | (18,847) | 10,620 | (22,644) |
Total other comprehensive income, Net of tax | 26,321 | (159,244) | 69,543 |
Comprehensive income for the year | 702,607 | 969,395 | 748,937 |
Comprehensive income for the year attributable to: | |||
Owners of the parent | 637,609 | 899,545 | 696,079 |
Non-controlling interests | ¥ 64,998 | ¥ 69,850 | ¥ 52,858 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - JPY (¥) ¥ in Millions | Total | Common stock [Member] | Capital surplus [Member] | Treasury stock [member] | Retained earnings [Member] | Other components of equity [member] | Equity attributable to owners of the parent [Member] | Non-controlling interests [Member] |
Beginning balance at Mar. 31, 2016 | ¥ 7,031,788 | ¥ 86,067 | ¥ 171,118 | ¥ (26,178) | ¥ 6,194,311 | ¥ 336,115 | ¥ 6,761,433 | ¥ 270,355 |
Comprehensive income for the year | ||||||||
Profit for the year | 679,394 | 616,569 | 616,569 | 62,825 | ||||
Other comprehensive income, net of tax | 69,543 | 79,510 | 79,510 | (9,967) | ||||
Total comprehensive income for the year | 748,937 | 616,569 | 79,510 | 696,079 | 52,858 | |||
Reclassification to retained earnings | 64,219 | (64,219) | ||||||
Transactions with owners and other | ||||||||
Dividends paid | (209,921) | (162,205) | (162,205) | (47,716) | ||||
Purchases of treasury stock | (12) | (12) | (12) | |||||
Disposal of treasury stock | 1 | 1 | 1 | |||||
Equity transactions and others | (1,167) | (1,167) | ||||||
Total transactions with owners and other | (211,099) | (11) | (162,205) | (162,216) | (48,883) | |||
Ending balance at Mar. 31, 2017 | 7,569,626 | 86,067 | 171,118 | (26,189) | 6,712,894 | 351,406 | 7,295,296 | 274,330 |
Comprehensive income for the year | ||||||||
Profit for the year | 1,128,639 | 1,059,337 | 1,059,337 | 69,302 | ||||
Other comprehensive income, net of tax | (159,244) | (159,792) | (159,792) | 548 | ||||
Total comprehensive income for the year | 969,395 | 1,059,337 | (159,792) | 899,545 | 69,850 | |||
Reclassification to retained earnings | 13,322 | (13,322) | ||||||
Transactions with owners and other | ||||||||
Dividends paid | (217,844) | (174,221) | (174,221) | (43,623) | ||||
Purchases of treasury stock | (87,083) | (87,083) | (87,083) | |||||
Disposal of treasury stock | 1 | 1 | 1 | |||||
Equity transactions and others | ||||||||
Total transactions with owners and other | (304,926) | (87,082) | (174,221) | (261,303) | (43,623) | |||
Ending balance (Previously stated [member]) at Mar. 31, 2018 | 8,234,095 | 86,067 | 171,118 | (113,271) | 7,611,332 | 178,292 | 7,933,538 | 300,557 |
Ending balance (Effect of changes in accounting policy [member]) at Mar. 31, 2018 | (47,035) | (46,833) | (208) | (47,041) | 6 | |||
Ending balance (Effect of hyperinflation [member]) at Mar. 31, 2018 | 5,442 | (9,454) | 14,896 | 5,442 | ||||
Ending balance (Adjusted balance [member]) at Mar. 31, 2018 | 8,192,502 | 86,067 | 171,118 | (113,271) | 7,555,045 | 192,980 | 7,891,939 | 300,563 |
Ending balance at Mar. 31, 2018 | 8,234,095 | |||||||
Comprehensive income for the year | ||||||||
Profit for the year | Previously stated [member] | 678,342 | |||||||
Profit for the year | 676,286 | 610,316 | 610,316 | 65,970 | ||||
Other comprehensive income, net of tax | 26,321 | 27,293 | 27,293 | (972) | ||||
Total comprehensive income for the year | 702,607 | 610,316 | 27,293 | 637,609 | 64,998 | |||
Reclassification to retained earnings | 5,890 | (5,890) | ||||||
Transactions with owners and other | ||||||||
Dividends paid | (260,281) | (194,271) | (194,271) | (66,010) | ||||
Purchases of treasury stock | (64,557) | (64,557) | (64,557) | |||||
Disposal of treasury stock | 1 | 1 | 1 | |||||
Share-based payment transactions | 342 | 342 | 342 | |||||
Equity transactions and others | ||||||||
Total transactions with owners and other | (324,495) | 342 | (64,556) | (194,271) | (258,485) | (66,010) | ||
Other changes | (4,824) | (3,343) | (3,343) | (1,481) | ||||
Ending balance (Previously stated [member]) at Mar. 31, 2019 | 8,614,994 | |||||||
Ending balance at Mar. 31, 2019 | ¥ 8,565,790 | ¥ 86,067 | ¥ 171,460 | ¥ (177,827) | ¥ 7,973,637 | ¥ 214,383 | ¥ 8,267,720 | ¥ 298,070 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Cash flows from operating activities: | |||
Profit before income taxes | ¥ 979,375 | ¥ 1,114,973 | ¥ 1,006,986 |
Depreciation, amortization and impairment losses excluding equipment on operating leases | 721,695 | 713,093 | 674,329 |
Share of profit of investments accounted for using the equity method | (228,827) | (247,643) | (164,793) |
Finance income and finance costs, net | (88,608) | 13,218 | (55,911) |
Interest income and interest costs from financial services, net | (124,076) | (127,529) | (119,953) |
Changes in assets and liabilities | |||
Trade receivables | 9,344 | (41,778) | 49,217 |
Inventories | (60,906) | (202,916) | (72,144) |
Trade payables | (11,816) | 69,429 | 12,999 |
Accrued expenses | 25,372 | (2,700) | 50,339 |
Provisions and retirement benefit liabilities | (1,590) | (28,945) | (252,837) |
Receivables from financial services | (260,704) | (174,438) | 40,525 |
Equipment on operating leases | (230,311) | (158,337) | (435,503) |
Other assets and liabilities | 11,045 | 11,602 | 71,940 |
Other, net | 3,706 | 9,314 | 998 |
Dividends received | 175,244 | 161,106 | 121,770 |
Interest received | 270,776 | 245,095 | 220,947 |
Interest paid | (150,162) | (115,317) | (99,607) |
Income taxes paid, net of refund | (263,569) | (250,556) | (164,229) |
Net cash provided by operating activities | 775,988 | 987,671 | 885,073 |
Cash flows from investing activities: | |||
Payments for additions to property, plant and equipment | (420,768) | (415,563) | (494,132) |
Payments for additions to and internally developed intangible assets | (187,039) | (156,927) | (143,320) |
Proceeds from sales of property, plant and equipment and intangible assets | 20,765 | 15,042 | 18,710 |
Payments for acquisitions of subsidiaries, net of cash and cash equivalents acquired | (2,835) | ||
Payments for acquisitions of investments accounted for using the equity method | (2,401) | (2,450) | (547) |
Proceeds from sales of investments accounted for using the equity method | 16,208 | ||
Payments for acquisitions of other financial assets | (506,431) | (280,236) | (222,464) |
Proceeds from sales and redemptions of other financial assets | 515,670 | 224,302 | 177,762 |
Other, net | 2,649 | 719 | |
Net cash used in investing activities | (577,555) | (615,113) | (650,618) |
Cash flows from financing activities: | |||
Proceeds from short-term financing liabilities | 8,435,249 | 8,106,505 | 8,207,530 |
Repayments of short-term financing liabilities | (8,213,698) | (8,004,620) | (8,129,295) |
Proceeds from long-term financing liabilities | 1,900,257 | 1,689,596 | 1,902,448 |
Repayments of long-term financing liabilities | (1,726,097) | (1,609,554) | (1,622,603) |
Dividends paid to owners of the parent | (194,271) | (174,221) | (162,205) |
Dividends paid to non-controlling interests | (66,872) | (48,332) | (35,059) |
Purchases and sales of treasury stock, net | (64,556) | (87,082) | (11) |
Other, net | (47,088) | (46,626) | (45,382) |
Net cash provided by (used in) financing activities | 22,924 | (174,334) | 115,423 |
Effect of exchange rate changes on cash and cash equivalents | 16,276 | (47,712) | (1,358) |
Net change in cash and cash equivalents | 237,633 | 150,512 | 348,520 |
Cash and cash equivalents at beginning of year | 2,256,488 | 2,105,976 | 1,757,456 |
Cash and cash equivalents at end of year | ¥ 2,494,121 | ¥ 2,256,488 | ¥ 2,105,976 |
Reporting Entity
Reporting Entity | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Reporting Entity | (1) Reporting Entity Honda Motor Co., Ltd. (the “Company”) is a public company domiciled in Japan. The Company and its subsidiaries (collectively “Honda”) develop, manufacture and distribute motorcycles, automobiles, power products and others throughout the world, and also provide financial services to customers and dealers for the sale of those products. Principal manufacturing facilities are located in Japan, the United States of America, Canada, Mexico, the United Kingdom, Turkey, Italy, France, China, India, Indonesia, Malaysia, Thailand, Vietnam, Argentina and Brazil. |
Basis of Preparation
Basis of Preparation | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Basis of Preparation | (2) Basis of Preparation (a) Compliance with International Financial Reporting Standards The Company’s consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”). The term “IFRS” also includes International Accounting Standards (IASs) and the related interpretations of the interpretations committees (SIC and IFRIC). (b) Basis of Measurement The consolidated financial statements have been prepared on the historical cost basis, except for certain assets and liabilities separately stated in note 3. (c) Functional Currency and Presentation Currency The consolidated financial statements are presented in Japanese yen, which is the functional currency of the Company. All financial information presented in Japanese yen has been rounded to the nearest million Japanese yen, except when otherwise indicated. (d) Changes in Accounting Policies 1) IFRS 9 “Financial Instruments” Honda was an early adopter of IFRS 9 “Financial Instruments” issued in November 2009, amended in October 2010 and November 2013 (“IFRS 9 (2013)”) until the year ended March 31, 2018 and has adopted IFRS 9 issued in July 2014 (“IFRS 9 (2014)”) with a date of initial application of April 1, 2018. The adoption of IFRS 9 (2014) resulted in changes in accounting policies primarily for classification and impairment of financial assets. IFRS 9 (2014) has an exemption allowing comparative information for prior periods not to be restated with respect to classification and measurement (including impairment) changes. Therefore, the comparative information has not been restated and continues to be reported under IFRS 9 (2013). Instead, the cumulative effect of adopting IFRS 9 (2014) was recognized in the opening balance of equity as of the date of initial application on April 1, 2018. The following are primary changes and corresponding impacts of adopting IFRS 9 (2014). Classification of financial assets Debt instruments other than those classified into financial assets measured at amortized cost were classified into financial assets measured at fair value through profit or loss under IFRS 9 (2013). IFRS 9 (2014) newly established a classification in which financial assets are measured at fair value through other comprehensive income. Under IFRS 9 (2014), a financial asset shall be measured at fair value through other comprehensive income if both of the following conditions are met: 1) the financial asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and 2) the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Honda has evaluated the business models within which financial assets are held and contractual terms of financial assets. As a result, Honda has reclassified certain debt securities such as government bonds and municipal bonds held by certain subsidiaries from the financial assets measured at fair value through profit or loss to financial assets measured at fair value through other comprehensive income as of April 1, 2018. The impact of this reclassification is as follows: Yen (millions) Carrying amounts Reclassification Carrying amounts Other financial assets: Financial assets measured at fair value through profit or loss: Debt securities ¥ 69,829 ¥ (14,376 ) ¥ 55,453 Financial assets measured at fair value through other comprehensive income: Debt securities — 14,376 14,376 Impairment of financial assets IFRS 9 (2014) replaced the incurred loss model under IAS 39 with the expected credit loss (ECL) model. The ECL model requires the allowance for credit losses to be measured at amounts equal to either lifetime ECL for those financial assets which have experienced a significant increase in credit risk (SICR) since initial recognition and credit-impaired financial assets or 12-month 12-month When determining whether credit risk has increased significantly, Honda assesses financial assets either individually based primarily on delinquencies or collectively for groups of financial assets with shared risk characteristics such as the period of initial recognition, collateral type, original term and credit score considering relative changes in expected default rates since initial recognition. The application of the ECL model resulted in an increase in the allowance for credit losses of ¥4,599 million as of April 1, 2018, which is on receivables from financial services. 2) IFRS 15 “Revenue from Contracts with Customers” Honda has adopted IFRS 15 “Revenue from Contracts with Customers” with a date of initial application of April 1, 2018 by recognizing the cumulative effect of initially applying this standard as an adjustment to the opening balance of equity at the date of initial application. Therefore, the comparative information has not been restated and continues to be reported under the previous accounting policy. Honda’s contracts with customers include promises to transfer goods or services without charges such as free inspections. Such promised goods or services are generally considered performance obligations and related sales revenue is deferred under IFRS 15, if it is deemed material, while such sales revenue was recognized at contract inception under the previous accounting policy. Further, under IFRS 15, dealer incentives are considered variable consideration when determining the transaction price and sales revenue is recognized only to the extent that it is highly probable that a significant reversal will not occur when the uncertainty associated with the variable consideration is subsequently resolved, which results in higher deductions from sales revenue recognized when products are sold to dealers. The impacts of adopting IFRS 15 on Honda’s consolidated financial statements as of and for the year ended March 31, 2019 are as follows: Consolidated statements of financial position As of March 31, 2019 Yen (millions) Balances without adoption of IFRS 15 Adjustments As reported Assets Current assets: Cash and cash equivalents ¥ 2,494,121 ¥ — ¥ 2,494,121 Trade receivables 796,199 (2,954 ) 793,245 Receivables from financial services 1,951,633 — 1,951,633 Other financial assets 163,274 — 163,274 Inventories 1,586,787 — 1,586,787 Other current assets 357,428 806 358,234 Total current assets 7,349,442 (2,148 ) 7,347,294 Non-current Investments accounted for using the equity method 713,026 13 713,039 Receivables from financial services 3,453,617 — 3,453,617 Other financial assets 417,149 — 417,149 Equipment on operating leases 4,448,849 — 4,448,849 Property, plant and equipment 2,981,840 — 2,981,840 Intangible assets 744,368 — 744,368 Deferred tax assets 149,800 518 150,318 Other non-current 161,842 806 162,648 Total non-current 13,070,491 1,337 13,071,828 Total assets ¥ 20,419,933 ¥ (811 ) ¥ 20,419,122 Liabilities and Equity Current liabilities: Trade payables ¥ 1,184,882 ¥ — ¥ 1,184,882 Financing liabilities 3,188,782 — 3,188,782 Accrued expenses 423,908 52,392 476,300 Other financial liabilities 132,910 — 132,910 Income taxes payable 49,726 — 49,726 Provisions 352,642 (3,879 ) 348,763 Other current liabilities 584,294 15,467 599,761 Total current liabilities 5,917,144 63,980 5,981,124 Non-current Financing liabilities 4,142,338 — 4,142,338 Other financial liabilities 63,689 — 63,689 Retirement benefit liabilities 398,803 — 398,803 Provisions 221,694 (949 ) 220,745 Deferred tax liabilities 742,937 (15,526 ) 727,411 Other non-current 318,334 888 319,222 Total non-current 5,887,795 (15,587 ) 5,872,208 Total liabilities 11,804,939 48,393 11,853,332 Equity: Common stock 86,067 — 86,067 Capital surplus 171,460 — 171,460 Treasury stock (177,827 ) — (177,827 ) Retained earnings 8,021,584 (47,947 ) 7,973,637 Other components of equity 215,285 (902 ) 214,383 Equity attributable to owners of the parent 8,316,569 (48,849 ) 8,267,720 Non-controlling 298,425 (355 ) 298,070 Total equity 8,614,994 (49,204 ) 8,565,790 Total liabilities and equity ¥ 20,419,933 ¥ (811 ) ¥ 20,419,122 Consolidated statements of income For the year ended March 31, 2019 Yen (millions) Balances without Adjustments As reported Sales revenue ¥ 15,894,946 ¥ (6,329 ) ¥ 15,888,617 Operating costs and expenses: Cost of sales (12,582,518 ) 1,569 (12,580,949 ) Selling, general and administrative (1,776,438 ) 2,045 (1,774,393 ) Research and development (806,905 ) — (806,905 ) Total operating costs and expenses (15,165,861 ) 3,614 (15,162,247 ) Operating profit 729,085 (2,715 ) 726,370 Share of profit of investments accounted for using the equity method 228,824 3 228,827 Finance income and finance costs: Interest income 48,618 — 48,618 Interest expense (13,217 ) — (13,217 ) Other, net (11,223 ) — (11,223 ) Total finance income and finance costs 24,178 — 24,178 Profit before income taxes 982,087 (2,712 ) 979,375 Income tax expense (303,745 ) 656 (303,089 ) Profit for the year ¥ 678,342 ¥ (2,056 ) ¥ 676,286 Profit for the year attributable to: Owners of the parent 611,621 (1,305 ) 610,316 Non-controlling 66,721 (751 ) 65,970 (e) New Accounting Standards and Interpretations Not Yet Adopted Major new or amended standards and interpretations that have been issued as of the date of approval of the consolidated financial statements but are not effective and have not yet been adopted by Honda as of March 31, 2019 are as follows: IASB issued IFRS 16 “Leases” in January 2016. IFRS 16 replaces existing lease guidance including IAS 17 “Leases”, IFRIC 4 “Determining whether an Arrangement contains a Lease”, SIC-15 SIC-27 IFRS 16 is effective for annual periods beginning on or after January 1, 2019. Accordingly, Honda will adopt this standard initially on April 1, 2019. This standard can be applied retrospectively to each prior reporting period presented (retrospective approach) or retrospectively with the cumulative effect of initially applying this standard recognized at the date of initial application (modified retrospective approach). Honda plans to apply the modified retrospective approach. Honda plans to apply the practical expedient to grandfather the definition of a lease on transition. This means that it will apply IFRS 16 to all contracts entered into prior to April 1, 2019 and identified as leases under IAS 17 and IFRIC 4. IFRS 16 changes the definition of a lease and provides a single on-balance right-of-use right-of-use Honda estimates that it will recognize additional lease liabilities of approximately ¥268 billion and total assets, mainly right-of-use (f) Use of Estimates and Judgments The preparation of consolidated financial statements in accordance with IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies, the reported amount of assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities. Actual results could differ from these estimates. These estimates and underlying assumptions are reviewed on a continuous basis. Changes in these accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Information about judgments that have been made in the process of applying accounting policies and that have significant effects on the amounts reported in the consolidated financial statements is as follows: • Scope of subsidiaries, affiliates and joint ventures (notes 3(a) and 3(b)) • Recognition of intangible assets arising from development (note 3(h)) • Accounting for contracts including lease (note 3(i)) Information about accounting estimates and assumptions that have significant effects on the amounts reported in the consolidated financial statements is as follows: • Valuation of financial assets measured at amortized cost and debt securities classified into financial assets measured at fair value through other comprehensive income (notes 6, 7 and 8) • Fair value of financial instruments (note 26) • Net realizable value of inventories (note 9) • Recoverable amount of non-financial • Measurement of provisions (note 17) • Measurement of net defined benefit liabilities (assets) (note 18) • Estimated amounts of variable consideration (note 20) • Recoverability of deferred tax assets (note 23) • Likelihood and magnitude of outflows of resources embodying economic benefits required to settle contingent liabilities (note 28) |
Significant Accounting Policies
Significant Accounting Policies | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Significant Accounting Policies | (3) Significant Accounting Policies (a) Basis of Consolidation The consolidated financial statements include the accounts of the Company, its subsidiaries which are directly or indirectly controlled by the Company, and those structured entities which are controlled by Honda. All significant intercompany balances and transactions have been eliminated in consolidation. Honda controls an entity when Honda is exposed or has rights to variable returns from involvement with the entity, and has the ability to affect those returns by using its power, which is the current ability to direct the relevant activities, over the entity. To determine whether or not Honda controls an entity, status of voting rights or similar rights, contractual agreements and other specific factors are taken into consideration. Structured entities are entities designed so that voting or similar rights are not the dominant factor in deciding who controls the entity. Honda consolidates structured entities over which it has control, by comprehensively determining whether its control over the entity exists based on any contractual arrangements with such entity as well as the percentage of its voting or similar rights in the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date when the control is obtained until the date when the control is lost. The financial statements of subsidiaries have been adjusted in order to ensure consistency with the accounting policies adopted by the Company as necessary. Changes in the Company’s ownership interests in subsidiaries that do not result in a loss of control are accounted for as equity transactions. When control over a subsidiary is lost, the investment retained after the loss of control is remeasured at fair value as of the date of the loss of control, and any gain or loss on such remeasurement and disposal of the interest sold is recognized in profit or loss. (b) Investments in Affiliates and Joint Ventures (Investments Accounted for Using the Equity Method) Affiliates are entities over which Honda has a significant influence over the decisions on financial and operating policies, but does not have control or joint control. Joint ventures are joint arrangements whereby the parties including Honda that have joint control have rights to the net assets of the arrangement. Joint arrangements are arrangements of which two or more parties have joint control, and joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. Investments in affiliates and joint ventures are accounted for using the equity method from the date when the investees are determined to be affiliates or joint ventures until the date when they ceased to be classified as affiliates or joint ventures. Under the equity method, the investment is initially recognized at cost, and the carrying amount is subsequently increased or decreased, to recognize Honda’s share of profit or loss and other comprehensive income of the affiliate or the joint venture after the date of initial recognition. The financial statements of affiliates and joint ventures have been adjusted in order to ensure consistency with the accounting policies adopted by the Company in applying the equity method, as necessary. The use of the equity method is discontinued from the date when the investees are determined to be no longer affiliates or joint ventures. The investment retained after cessation of the equity method is remeasured at fair value, and any gain or loss on such remeasurement and disposal of the investment is recognized in profit or loss. (c) Foreign Currency Translations 1) Foreign currency transactions Foreign currency transactions are translated into the respective functional currencies at the exchange rates prevailing when such transactions occur. All foreign currency receivables and payables are translated into the respective functional currencies at the applicable exchange rates at the end of the reporting period. Gains or losses on exchange differences arising on settlement of foreign currency receivables and payables or on their translations at the end of the reporting date are recognized in profit or loss and they are included in finance income and finance costs-other, net in the consolidated statements of income. 2) Foreign operations All assets and liabilities of foreign subsidiaries, affiliates and joint ventures (collectively “foreign operations”), which use a functional currency other than Japanese yen, are translated into Japanese yen at the exchange rates at the end of the reporting period. All revenues and expenses of foreign operations are translated into Japanese yen at the average exchange rate for the period except when a functional currency is the currency of a hyperinflationary economy. Exchange differences arising from translation are recognized in other comprehensive income and accumulated in other components of equity in the consolidated statements of financial position. When a foreign operation is disposed of, and control, significant influence or joint control over the foreign operation is lost, the cumulative amount of exchange differences relating to the foreign operation is reclassified from equity to profit or loss. (d) Financial Instruments A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity security of another entity. When Honda becomes a party to the contractual provision of a financial instrument, the financial instrument is recognized either as a financial asset or as a financial liability. When Honda purchases or sells a financial asset, the financial asset is recognized or derecognized at the trade date. 1) Non-derivative Honda classifies financial assets other than derivatives into “financial assets measured at amortized cost”, “financial assets measured at fair value through other comprehensive income” or “financial assets measured at fair value through profit or loss”. Honda determines the classification of financial assets upon initial recognition. Financial assets are derecognized when the contractual rights to cash flows from the financial assets expire, or when the contractual rights to receive the cash flows from the financial assets are transferred and all risks and rewards of ownership of the financial assets are substantially transferred. Financial assets measured at amortized cost A financial asset is classified into financial assets measured at amortized cost when the asset is held within a business model whose objective is to hold the asset in order to collect the contractual cash flows, and the contractual term of the financial asset gives rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Financial assets measured at amortized cost except trade receivables arising from contracts with customers are initially measured at their fair value and trade receivables arising from contracts with customers are initially measured at their transaction price. Financial assets measured at amortized cost are subsequently measured at amortized cost using the effective interest method. Financial assets measured at fair value A financial asset other than a financial asset measured at amortized cost is classified into financial assets measured at fair value. The financial assets measured at fair value are further classified into the following categories: Financial assets measured at fair value through other comprehensive income A debt security is classified into financial assets measured at fair value through other comprehensive income when the asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The debt securities are initially measured at their fair value, and subsequent changes in fair value are recognized in other comprehensive income except for impairment gain or loss and foreign exchange gain or loss. When the debt securities are derecognized, the cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to profit or loss. In the comparative periods, the debt securities are classified into financial assets measured at fair value through profit or loss. Honda elects to designate investments in equity securities such as shares, held for maintaining and strengthening the trade relationship as financial assets measured at fair value through other comprehensive income. Equity securities designated as financial assets measured at fair value through other comprehensive income are initially measured at their fair value, and subsequent changes in fair value of the investment are recognized in other comprehensive income. However, dividends from the equity securities are principally recognized in profit or loss. When the equity securities are derecognized, the cumulative gain or loss previously recognized in other comprehensive income is directly reclassified to retained earnings. Financial assets measured at fair value through profit or loss Financial assets measured at fair value other than financial assets measured at fair value through other comprehensive income are classified into financial assets measured at fair value through profit or loss. Financial assets measured at fair value through profit or loss are initially measured at their fair value, and subsequent changes in fair value are recognized in profit or loss. (Cash and cash equivalents) Cash and cash equivalents consist of cash on hand, demand deposits, and short-term highly liquid investments that are readily convertible to known amounts of cash and are subject to insignificant risk of changes in value. Honda includes all highly liquid debt instruments with original maturities of three months or less in cash equivalents. 2) Non-derivative Financial liabilities other than derivatives are initially measured at their fair value, and are subsequently measured at amortized cost using the effective interest method. Financial liabilities are derecognized, when the obligations specified in the contract are discharged, canceled or expire. 3) Derivatives Honda has entered into foreign exchange and interest rate agreements to manage currency and interest rate exposures. These agreements include foreign currency forward exchange contracts, currency option contracts, currency swap agreements and interest rate swap agreements. All these derivatives are initially recognized as assets or liabilities and measured at fair value, when Honda becomes a party to the contractual provision of the derivatives. Subsequent changes in fair value of derivatives are recognized in profit or loss in the period of the changes. Honda has not held any derivatives designated as hedging instruments for the years ended March 31, 2017, 2018 and 2019. 4) Offsetting of financial assets and financial liabilities Financial assets and financial liabilities are offset and the net amount is presented in the consolidated statements of financial position, only when Honda currently has a legally enforceable right to offset the recognized amounts, and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously. (e) Inventories Inventories are measured at the lower of cost and net realizable value. The cost of inventories includes purchase costs and conversion costs, and it is determined principally by using the first-in first-out (f) Equipment on Operating Leases Equipment on operating leases is measured based on the cost model and carried at its cost less accumulated depreciation and impairment losses. A vehicle subject to operating lease is initially measured at its cost. Depreciation of equipment on operating leases is calculated on the straight-line method over the lease term. The depreciable amount is the cost of the vehicle less its residual value which is estimated by using the estimate of future used vehicle value, taking into consideration external industry data and Honda’s historical experience. (g) Property, Plant and Equipment Property, plant and equipment is measured based on the cost model and carried at its cost less accumulated depreciation and impairment losses. Property, plant and equipment is initially measured at its cost. Subsequent expenditures on an item of property, plant and equipment acquired, are recognized in the carrying amount of the item, only when it is probable that the expenditure will generate a future economic benefit. Depreciation of property, plant and equipment, except for land that is not subject to depreciation, is calculated on the straight-line method over the estimated useful life. The depreciable amount is the cost of the asset less the respective estimated residual values. The estimated useful lives used in calculating depreciation of property, plant and equipment are mainly as follows: • Buildings and structures: 3 to 50 years • Machinery and equipment: 2 to 20 years The depreciation method, useful lives and residual values of property, plant and equipment are reviewed annually at each fiscal year end, and adjusted prospectively, if appropriate. (h) Intangible Assets Intangible assets are measured based on the cost model and carried at their cost less accumulated amortization and impairment losses. (Research and development) Development expenditure for a product is capitalized only when there is a technical and commercial feasibility of completing the development, Honda has intention, ability and sufficient resources to use the outcome of the development, it is probable that the outcome will generate a future economic benefit, and the cost can be measured reliably. Capitalized development cost is measured at the sum of expenditures for development incurred between when the foregoing conditions for capitalization are initially met and when the development is completed, and includes all directly attributable costs to the development process. Capitalized development cost is amortized using the straight-line method over the expected product life cycle of the developed product ranging mainly from 2 to 6 years. Expenditures on research and other development expenditures which do not meet the foregoing conditions are expensed as incurred. (Other intangible asset) Other intangible assets are initially measured at cost and principally amortized using the straight-line method over their estimated useful lives. Other intangible assets are mainly comprised of software for internal use whose estimated useful lives range from 3 to 5 years. The amortization method and useful lives of intangible assets are reviewed annually at each fiscal year end, and adjusted prospectively, if appropriate. (i) Lease An arrangement that is or contains a lease is determined based on the substance of the arrangement by assessment of whether the fulfillment of that arrangement depends on use of a specific asset or group of assets, and whether a right to use the asset is transferred under the arrangement. When an arrangement is or contains a lease, the lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to the ownership, based on the substance of the arrangement. Leases other than finance lease are classified as operating lease. 1) Lease as a lessee A leased asset and liability for the future lease payment under a finance lease are initially recognized at the lower of fair value of the leased asset or the present value of the minimum lease payments, each determined at inception of the lease. After the initial recognition, the leased asset is accounted for according to the accounting policies applied to the asset. Lease payments under a finance lease are apportioned between the finance cost and the reduction in the carrying amount of the liability. Lease payments under an operating lease are recognized as an expense on a straight-line basis over the lease term. 2) Lease as a lessor The finance subsidiaries of the Company engage in the business of leasing vehicles as a lessor. A receivable from customer held under a finance lease is initially recognized at the amount of net investment in the lease which is the gross investment in the lease discounted at the interest rate implicit in the lease, and included in receivables from financial services in the consolidated statements of financial position. After the initial recognition, the receivable under finance lease is accounted for in accordance with the accounting policies applied to financial assets. Vehicles subject to operating leases are presented as equipment on operating leases in the consolidated statements of financial position. (j) Impairment 1) Financial assets measured at amortized cost and debt securities classified into financial assets measured at fair value through other comprehensive income Policy applicable from April 1, 2018 The allowance for impairment losses of financial assets measured at amortized cost other than trade receivables and debt securities classified into financial assets measured at fair value through other comprehensive income is measured at amounts according to the three-stage expected credit loss (ECL) model: Stage 1 12-month Stage 2 Lifetime ECL for financial assets with a significant increase in credit risk since initial recognition but that are not credit-impaired Stage 3 Lifetime ECL for credit-impaired financial assets The allowance for impairment losses of trade receivables is continuously measured at amounts equal to lifetime ECL. Lifetime ECL represents ECL that results from all possible default events over the expected life of a financial asset. 12-month Receivables from financial services – Allowance for credit losses The allowance for credit losses is management’s estimate of expected credit loss on receivables from financial services. To determine whether credit risk has increased significantly, consumer finance receivables are assessed both individually and collectively. Individual assessments are based on delinquencies. Consumer finance receivables 30 days or greater past due have historically experienced increased default rates and therefore are considered to have a significant increase in credit risk. Collective assessments are performed for groups of consumer finance receivables with shared risk characteristics such as the period of initial recognition, collateral type, original term, and credit score considering relative changes in expected default rates since initial recognition. Dealer finance receivables are assessed at the individual dealership level to determine whether credit risk has increased significantly considering payment performance and other factors such as changes in the financial condition of the dealership and compliance with debt covenants. Our definition of default on receivables from financial services varies depending on internal risk management practices of each of our finance subsidiaries. Our most significant finance subsidiary located in the United States considers delinquencies of 60 days past due to be in default. Collection efforts on consumer finance receivables are escalated after becoming 60 days past due including repossession of the underlying vehicles if it has been determined that the borrower is unable to perform on their obligations. Defaulted consumer finance receivables are considered to be credit-impaired. Dealer finance receivables are considered to be credit-impaired when there is evidence we will be unable to collect all amounts due in accordance with the original contractual terms including significant financial difficulty of the dealership, a breach of contract, such as a default or delinquency, or bankruptcy. At the finance subsidiary in the United States, the estimated uncollectible portion of consumer finance receivables are written-off written-off At the finance subsidiary in the United States, ECL of consumer finance receivables is measured for groups of financial assets with shared risk characteristics by reflecting historical results, current conditions and forward-looking factors such as unemployment rates, used vehicles prices, and consumer debt service burdens. Receivables from financial services – Allowance for losses on lease residual values The allowance for losses on lease residual values is management’s estimate of probable losses arising from declines in the estimated lease residual values incurred on receivables from finance leases. The finance subsidiaries of the Company purchase insurance to cover a substantial amount of the estimated residual value of a part of vehicles leased as finance leases to customers. The allowance for losses on lease residual values are maintained at an amount management deems adequate to cover estimated losses on the uninsured portion of the vehicles’ lease residual values. The allowance is also based on management’s evaluation of many factors, including current economic conditions, industry experience and the finance subsidiaries’ historical experience with residual value losses. Policy applicable before April 1, 2018 At the end of each reporting period, based on individual assets or assets grouped according to credit risk characteristics, financial assets measured at amortized cost are assessed to determine whether there is objective evidence that a financial asset or group of financial assets is impaired. Objective evidence of impairment includes significant financial difficulty of the issuer or the borrowers, a default or delinquency in interest or principal payments, an increase in the probability of bankruptcy or other financial restructuring of the issuer, and disappearance of an active market for the security. If there is an objective evidence that financial assets measured at amortized cost is impaired, the amount of impairment loss is measured as the difference between the carrying amount of the assets and its present value which is calculated by discounting estimated future cash flows using the asset’s original effective interest rate. The impairment loss is recognized in profit or loss, by deducting the carrying amount of the financial assets directly or through an allowance account. Further, if, in a subsequent period, the amount of impairment loss decreases and the decrease can be related objectively to an event occurring after impairment was recognized, the impairment loss which was recorded in prior periods is reversed and recognized in profit or loss. Receivables from financial services – Allowance for credit losses The allowance for credit losses is management’s estimate of probable losses incurred on receivables from financial services. Estimated losses on past due operating lease rental payments are also recognized through an allowance for credit losses. Consumer finance receivables are collectively evaluated for impairment. Delinquencies and losses are continuously monitored and this historical experience provides the primary basis for estimating the allowance. Various methodologies are utilized when estimating the allowance for credit losses including models that incorporate vintage loss and delinquency migration analysis. The models take into consideration attributes of the portfolio including loan-to-value Dealer finance receivables are individually evaluated for impairment when specifically identified as impaired. Dealer finance receivables are considered to be impaired when it is probable that the finance subsidiaries of the Company will be unable to collect all amounts due according to the original terms of the loan. The determination of whether dealer loans are impaired is based on evaluations of dealerships’ payment history, financial condition and cash flows, and their ability to perform under the terms of the loans. Dealer loans that have not been specifically identified as impaired are collectively evaluated for impairment. Receivables from financial services – Allowance for losses on lease residual values The allowance for losses on lease residual values is management’s estimate of probable losses arising from declines in the estimated lease residual values incurred on receivables from finance leases. The finance subsidiaries of the Company purchase insurance to cover a substantial amount of the estimated residual value of a part of vehicles leased as finance leases to customers. The allowance for losses on lease residual values are maintained at an amount management deems adequate to cover estimated losses on the uninsured portion of the vehicles’ lease residual values. The allowance is also based on management’s evaluation of many factors, including current economic conditions, industry experience and the finance subsidiaries’ historical experience with residual value losses. 2) Non-financial At the end of the reporting period, the carrying amount of non-financial For investments accounted for using the equity method, the entire carrying amount of each investment in affiliates and joint ventures is tested for impairment as a single asset, when there is objective evidence that the investments accounted for using the equity method may be impaired. The recoverable amount of an individual asset or a cash-generating unit is the higher of fair value less costs to sell and value in use. Value in use is determined as the present value of future cash flows expected to be derived from an asset or a cash-generating unit. A cash-generating unit is determined as the smallest identifiable group of assets that generate cash inflows which are largely independent of cash inflows from other assets or a group of assets. When it is not possible to estimate the recoverable amount of the individual asset, the recoverable amount of the cash-generating unit to which the asset belongs is estimated. When the carrying amount of an asset or a cash-generating unit exceeds the recoverable amount, the carrying amount is reduced to the recoverable amount and an impairment loss is recognized in profit or loss. An impairment loss for a cash-generating unit is allocated to the assets on the basis of the relative carrying amount of each asset in the unit. An impairment loss recognized for an asset or a cash-generating unit in prior period is reversed, if there is any indication that the impairment loss may have decreased or may no longer exist, and when the recoverable amount of the asset exceeds the carrying amount. If this is the case, the carrying amount of the asset is increased to its recoverable amount, but the increased carrying amount does not exceed the carrying amount (net of depreciation or amortization) calculated on the basis that no impairment loss had occurred in the prior period. (k) Provisions Provisions are recognized when Honda has present legal or constructive obligation as a result of past events, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. Provisions are measured based on the best estimate of expenditure required to settle the present obligation at the end of the reporting period. Where the effect of the time value of money is material, a provision is measured at the present value of the expenditures required to settle the obligation. In calculating the present value, a pre-tax (l) Employee Benefits 1) Short-term employee benefits For short-term employee benefits including salaries, bonuses and paid annual leave, when the employees render related services, the amounts expected to be paid in exchange for those services are recognized as expenses. 2) Post-employment benefits Honda has various post-employment benefit plans including defined benefit plans and defined contribution plans. Defined benefit plans For defined benefit plans, the present value of defined benefit obligations less the fair value of plan assets is recognized as either liability or asset in the consolidated statements of financial position. The present value of defined benefit obligations and service cost are principally determined for each plan using the projected unit credit method. The discount rate is determined by reference to market yields at the end of the reporting period on high quality corporate bonds that is consistent with the currency and estimated term of the post-employment benefit obligation. Net interest on the net defined benefit liability (asset) for the reporting period is determined by multiplying the net defined benefit liability (asset) by the discount rate. Past service cost defined as the change in the present value of the defined benefit obligation resulting from a plan amendment or curtailment is recognized in profit or loss upon occurrence of the plan amendment or curtailment. Honda recognizes the difference arising from remeasurement of present value of the defined benefit obligations and the fair value of the plan assets in other comprehensive income when it is incurred, and reclassifies it immediately to retained earnings. Defined contribution plans For defined contribution plans, when the employees render related services, the contribution payables to defined contribution plan are recognized as expenses. (m) Equity 1) Common share Common share issued by the Company is classified as equity, and the proceeds from issuance of common share are included in common stock and capital surplus. 2) Treasury stock Treasury stock acquired by Honda is recognized at cost and deducted from equity. When treasury stock is sold, the consideration received is recognized as equity with the difference between the carrying amount and the consideration received included in capital surplus. (n) Revenue Recognition 1) Sale of products Sales of products are reported by Motorcycle business, Automobile business, Power products business and other businesses. For details of the information on each business, see note 4. Honda recognizes revenue when control over products is transferred to customers. This transfer generally corresponds to the date of delivery of products to customers. Revenue is measured based on consideration specified in a contract with customer and excludes amounts collected on behalf of third parties. The total consideration in the contract is allocated to all products and services based on their stand-alone selling prices. The stand-alone selling prices are determined with reference to the selling prices of similar products or services and other reasonably available information. In the comparative periods, revenue from sale of products was recognized when the significant risks and rewards of ownership of products were transferred to the customer, Honda retained neither continuous involvement nor effective control over the product, the amount of revenue and the corresponding cost could be measured reliably and collection of the relevant receivable was reasonably assured. This generally corresponded to the date of delivery of products to customers. Honda provides dealer incentives, which generally represent discounts provided from Honda to the dealer. Honda also provides incentive programs generally in the form of below-market interest rate loans or lease programs for the retail customers to enhance dealer’s sales activities. The amount incurred for these programs is calculated based on the difference between the interest or lease rate offered to retail customers and the market-based interest or lease rate. These incentives are considered variable consideration when determining the transaction price and they are deducted from sales revenue recognized when products are sold to the dealers. Revenue is recognized only to the extent that it is highly probable that a significant reversal will not occur when the uncertainty associated with the variable consideration is subsequently resolved. In the comparative periods, these incentives were estimated and recognized at the time the product was sold to the dealer and were deducted from sales revenue. Customers usually pay consideration for sales of products within 30 days from the transfers of control over the products to customers. In addition, product sales contracts with customers include warranty clauses to guarantee that the products comply with agreed-upon specifications and Honda recognizes provisions for product warranties to meet these guarantees. For more information on product warranties, see n |
Segment Information
Segment Information | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Segment Information | (4) Segment Information Honda has four reportable segments: Motorcycle business, Automobile business, Financial services business and Power product and other businesses, which are based on Honda’s organizational structure and characteristics of products and services. Operating segments are defined as the components of Honda for which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The accounting policies used for these reportable segments are consistent with the accounting policies used in the Company’s consolidated financial statements. Principal products and services, and functions of each segment are as follows: Segment Principal products and services Functions Motorcycle Business Motorcycles, all-terrain side-by-sides Research and development Automobile Business Automobiles and relevant parts Research and development Financial Services Business Financial services Retail loan and lease related to Power Product and Other Businesses Power products and relevant parts, and others Research and development (a) Segment Information Segment information as of and for the years ended March 31, 2017, 2018 and 2019 is as follows: As of and for the year ended March 31, 2017 Yen (millions) Motorcycle Automobile Financial Power Segment Reconciling Consolidated Sales revenue: External customers ¥ 1,716,165 ¥ 10,086,816 ¥ 1,878,094 ¥ 318,125 ¥ 13,999,200 ¥ — ¥ 13,999,200 Intersegment — 169,850 13,188 31,567 214,605 (214,605 ) — Total 1,716,165 10,256,666 1,891,282 349,692 14,213,805 (214,605 ) 13,999,200 Segment profit (loss) ¥ 170,740 ¥ 501,181 ¥ 178,449 ¥ (9,659 ) ¥ 840,711 ¥ — ¥ 840,711 Share of profit of investments accounted for using the equity method ¥ 31,835 ¥ 132,411 ¥ — ¥ 547 ¥ 164,793 ¥ — ¥ 164,793 Segment assets 1,505,637 7,543,388 9,437,044 312,303 18,798,372 159,751 18,958,123 Investments accounted for using the equity method 93,410 499,067 — 4,785 597,262 — 597,262 Depreciation and amortization 79,398 576,546 664,940 14,544 1,335,428 — 1,335,428 Capital expenditures 66,241 607,629 1,886,607 12,272 2,572,749 — 2,572,749 Impairment losses on non-financial 185 626 7,987 170 8,968 — 8,968 Provision for credit and lease residual losses on receivables from financial services — — 31,448 — 31,448 — 31,448 As of and for the year ended March 31, 2018 Yen (millions) Motorcycle Automobile Financial Power Segment Reconciling Consolidated Sales revenue: External customers ¥ 2,038,712 ¥ 10,852,171 ¥ 2,123,194 ¥ 347,069 ¥ 15,361,146 ¥ — ¥ 15,361,146 Intersegment — 193,038 14,071 24,097 231,206 (231,206 ) — Total 2,038,712 11,045,209 2,137,265 371,166 15,592,352 (231,206 ) 15,361,146 Segment profit (loss) ¥ 267,015 ¥ 373,840 ¥ 196,067 ¥ (3,364 ) ¥ 833,558 ¥ — ¥ 833,558 Share of profit of investments accounted for using the equity method ¥ 31,270 ¥ 215,843 ¥ — ¥ 530 ¥ 247,643 ¥ — ¥ 247,643 Segment assets 1,533,367 7,879,769 9,409,243 314,838 19,137,217 211,947 19,349,164 Investments accounted for using the equity method 89,498 584,922 — 5,097 679,517 — 679,517 Depreciation and amortization 74,128 616,321 748,503 15,164 1,454,116 — 1,454,116 Capital expenditures 63,927 514,910 1,801,554 14,243 2,394,634 — 2,394,634 Impairment losses on non-financial 42 3,648 11,911 4 15,605 — 15,605 Provision for credit and lease residual losses on receivables from financial services — — 36,699 — 36,699 — 36,699 As of and for the year ended March 31, 2019 Yen (millions) Motorcycle Automobile Financial Power Segment Reconciling Consolidated Sales revenue: External customers ¥ 2,100,155 ¥ 11,072,117 ¥ 2,365,355 ¥ 350,990 ¥ 15,888,617 ¥ — ¥ 15,888,617 Intersegment — 215,647 14,687 26,266 256,600 (256,600 ) — Total 2,100,155 11,287,764 2,380,042 377,256 16,145,217 (256,600 ) 15,888,617 Segment profit (loss) ¥ 291,642 ¥ 209,694 ¥ 235,945 ¥ (10,911 ) ¥ 726,370 ¥ — ¥ 726,370 Share of profit of investments accounted for using the equity method ¥ 29,704 ¥ 198,505 ¥ — ¥ 618 ¥ 228,827 ¥ — ¥ 228,827 Segment assets 1,523,817 7,923,802 10,236,066 328,870 20,012,555 406,567 20,419,122 Investments accounted for using the equity method 88,494 619,091 — 5,454 713,039 — 713,039 Depreciation and amortization 66,680 603,124 784,683 14,198 1,468,685 — 1,468,685 Capital expenditures 74,024 525,419 2,041,735 16,074 2,657,252 — 2,657,252 Impairment losses on non-financial 1,404 32,674 12,716 14 46,808 — 46,808 Provision for credit and lease residual losses on receivables from financial services — — 34,720 — 34,720 — 34,720 Explanatory notes: 1. Segment profit (loss) of each segment is measured in a consistent manner with consolidated operating profit, which is profit before income taxes before share of profit of investments accounted for using the equity method and finance income and finance costs. Expenses not directly associated with specific segments are allocated based on the most reasonable measures applicable. 2. Segment assets of each segment are defined as total assets including investments accounted for using the equity method, derivatives, and deferred tax assets. Segment assets are based on those directly associated with each segment and those not directly associated with specific segments are allocated based on the most reasonable measures applicable except for the corporate assets described below. 3. Intersegment sales revenues are generally made at values that approximate arm’s-length 4. Reconciling items include elimination of intersegment transactions and balances as well as unallocated corporate assets. Unallocated corporate assets, included in reconciling items as of March 31, 2017, 2018 and 2019 amounted to ¥530,809 million, ¥519,780 million and ¥682,842 million, respectively, which consist primarily of the Company’s cash and cash equivalents and financial assets measured at fair value through other comprehensive income. 5. Provisions for product warranties accrued for the years ended March 31, 2017, 2018 and 2019 are ¥198,016 million, ¥219,575 million and ¥247,194 million, respectively. These are mainly included in Automobile business. 6. The amounts of write-down of inventories recognized as an expense for the years ended March 31, 2017, 2018 and 2019 are ¥22,707 million, ¥67,768 million and ¥32,565 million respectively. These are related to Automobile business and aircraft and aircraft engines, which are included in Power product and other businesses. (b) Product or Service Groups Information Sales revenue by product or service groups of Honda for the years ended March 31, 2017, 2018 and 2019 is as follows: Yen (millions) 2017 2018 2019 Motorcycles and relevant parts ¥ 1,598,935 ¥ 1,919,232 ¥ 1,986,968 All-terrain side-by-sides 117,230 119,480 113,187 Automobiles and relevant parts 10,920,594 11,813,125 12,173,065 Financial services 1,044,316 1,162,240 1,264,407 Power products and relevant parts 245,881 266,233 266,012 Others 72,244 80,836 84,978 Total ¥ 13,999,200 ¥ 15,361,146 ¥ 15,888,617 (c) Geographical Information The sales revenue and carrying amounts of non-current As of and for the year ended March 31, 2017 Yen (millions) Japan United Other Total Sales revenue ¥ 2,114,833 ¥ 6,755,460 ¥ 5,128,907 ¥ 13,999,200 Non-current ¥ 2,492,467 ¥ 4,067,831 ¥ 1,688,360 ¥ 8,248,658 As of and for the year ended March 31, 2018 Yen (millions) Japan United Other Total Sales revenue ¥ 2,240,033 ¥ 7,028,633 ¥ 6,092,480 ¥ 15,361,146 Non-current ¥ 2,580,515 ¥ 3,784,531 ¥ 1,696,056 ¥ 8,061,102 As of and for the year ended March 31, 2019 Yen (millions) Japan United Other Total Sales revenue ¥ 2,394,584 ¥ 7,480,382 ¥ 6,013,651 ¥ 15,888,617 Non-current ¥ 2,695,603 ¥ 3,956,228 ¥ 1,685,874 ¥ 8,337,705 (d) Supplemental Geographical Information In addition to the disclosure required by IFRS, Honda provides the following supplemental information for the financial statements users: Supplemental geographical information based on the location of the Company and its subsidiaries As of and for the year ended March 31, 2017 Yen (millions) Japan North Europe Asia Other Total Reconciling Consolidated Sales revenue: External customers ¥ 2,114,833 ¥ 7,621,550 ¥ 638,436 ¥ 2,893,404 ¥ 730,977 ¥ 13,999,200 ¥ — ¥ 13,999,200 Inter-geographic areas 1,998,576 476,518 150,957 562,629 2,518 3,191,198 (3,191,198 ) — Total 4,113,409 8,098,068 789,393 3,456,033 733,495 17,190,398 (3,191,198 ) 13,999,200 Operating profit (loss) ¥ 104,560 ¥ 398,725 ¥ 12,112 ¥ 331,466 ¥ 29,016 ¥ 875,879 ¥ (35,168 ) ¥ 840,711 Assets ¥ 4,236,574 ¥ 10,743,185 ¥ 675,983 ¥ 2,694,622 ¥ 670,332 ¥ 19,020,696 ¥ (62,573 ) ¥ 18,958,123 Non-current ¥ 2,492,467 ¥ 4,766,609 ¥ 107,443 ¥ 694,919 ¥ 187,220 ¥ 8,248,658 ¥ — ¥ 8,248,658 As of and for the year ended March 31, 2018 Yen (millions) Japan North Europe Asia Other Total Reconciling Consolidated Sales revenue: External customers ¥ 2,240,033 ¥ 8,067,455 ¥ 680,497 ¥ 3,541,680 ¥ 831,481 ¥ 15,361,146 ¥ — ¥ 15,361,146 Inter-geographic areas 2,240,651 517,150 236,717 679,340 6,043 3,679,901 (3,679,901 ) — Total 4,480,684 8,584,605 917,214 4,221,020 837,524 19,041,047 (3,679,901 ) 15,361,146 Operating profit (loss) ¥ 86,916 ¥ 278,476 ¥ 15,837 ¥ 402,620 ¥ 43,831 ¥ 827,680 ¥ 5,878 ¥ 833,558 Assets ¥ 4,405,523 ¥ 10,651,191 ¥ 727,045 ¥ 2,942,053 ¥ 659,781 ¥ 19,385,593 ¥ (36,429 ) ¥ 19,349,164 Non-current assets other than financial instruments and deferred tax assets ¥ 2,580,515 ¥ 4,530,019 ¥ 105,649 ¥ 683,006 ¥ 161,913 ¥ 8,061,102 ¥ — ¥ 8,061,102 As of and for the year ended March 31, 2019 Yen (millions) Japan North America Europe Asia Other Regions Total Reconciling Items Consolidated Sales revenue: External customers ¥ 2,394,584 ¥ 8,526,733 ¥ 652,335 ¥ 3,557,338 ¥ 757,627 ¥ 15,888,617 ¥ — ¥ 15,888,617 Inter-geographic areas 2,453,729 497,231 275,089 714,901 6,826 3,947,776 (3,947,776 ) — Total 4,848,313 9,023,964 927,424 4,272,239 764,453 19,836,393 (3,947,776 ) 15,888,617 Operating profit (loss) ¥ 10 ¥ 299,750 ¥ (6,620 ) ¥ 404,220 ¥ 22,616 ¥ 719,976 ¥ 6,394 ¥ 726,370 Assets ¥ 4,546,640 ¥ 11,418,194 ¥ 694,606 ¥ 3,024,357 ¥ 621,259 ¥ 20,305,056 ¥ 114,066 ¥ 20,419,122 Non-current ¥ 2,695,603 ¥ 4,740,675 ¥ 65,500 ¥ 691,211 ¥ 144,716 ¥ 8,337,705 ¥ — ¥ 8,337,705 Explanatory notes: 1. Major countries or regions in each geographic area: North America United States, Canada, Mexico Europe United Kingdom, Germany, Belgium, Turkey, Italy Asia Thailand, Indonesia, China, India, Vietnam Other Regions Brazil, Australia 2. Operating profit (loss) of each geographical region is measured in a consistent manner with consolidated operating profit, which is profit before income taxes before share of profit of investments accounted for using the equity method and finance income and finance costs. 3. Assets of each geographical region are defined as total assets including investments accounted for using the equity method, derivatives, and deferred tax assets. 4. Sales revenues between geographic areas are generally made at values that approximate arm’s-length 5. Reconciling items include elimination of inter-geographic transactions and balances as well as unallocated corporate assets. Unallocated corporate assets, included in reconciling items as of March 31, 2017, 2018 and 2019 amounted to ¥530,809 million, ¥519,780 million and ¥682,842 million, respectively, which consist primarily of the Company’s cash and cash equivalents and financial assets measured at fair value through other comprehensive income. (e) Others Impact to Europe related to changes of the global automobile production network and capability In February 2019, the Company announced making changes throughout the global automobile production network based on the direction to optimize production allocation and production capacity on a global basis. As a part of the changes, the Company announced mainly to begin consultation with employees in the direction toward discontinuing automobile production at its certain subsidiaries in Europe in 2021. The Company and its certain subsidiaries recognized ¥68,092 million of losses including an impairment loss on property, plant and equipment, employee benefits and other expenses. Of the total loss and expenses, ¥56,590 million is included in cost of sales and ¥11,502 million is included in selling, general and administrative in the consolidated statements of income for the year ended March 31, 2019. |
Cash and Cash Equivalents
Cash and Cash Equivalents | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Cash and Cash Equivalents | (5) Cash and Cash Equivalents Cash and cash equivalents as of March 31, 2018 and 2019 consist of the following: Yen (millions) 2018 2019 Cash and deposits ¥ 1,691,645 ¥ 1,815,920 Cash equivalents 564,843 678,201 Total ¥ 2,256,488 ¥ 2,494,121 Cash equivalents held by Honda mainly consist of money market funds and certificates of deposit. |
Trade Receivables
Trade Receivables | 12 Months Ended |
Mar. 31, 2019 | |
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Trade Receivables | (6) Trade Receivables Trade receivables are classified as financial assets measured at amortized cost. Trade receivables as of March 31, 2018 and 2019 consist of the following: Yen (millions) 2018 2019 Trade accounts and notes receivable ¥ 688,102 ¥ 712,180 Other 126,750 93,620 Allowance for impairment losses (14,389 ) (12,555 ) Total ¥ 800,463 ¥ 793,245 The changes in the allowance for impairment losses on trade receivables for the years ended March 31, 2017, 2018 and 2019 are as follows: Yen (millions) 2017 2018 2019 Balance at beginning of year ¥ 15,888 ¥ 14,510 ¥ 14,389 Remeasurement ¥ 5,046 ¥ 858 ¥ 251 Write-offs (6,389 ) (706 ) (1,590 ) Exchange differences on translating foreign operations (35 ) (273 ) (495 ) Balance at end of year ¥ 14,510 ¥ 14,389 ¥ 12,555 Comparative amounts for the years ended March 31, 2017 and 2018 represent the allowance for impairment losses under IFRS 9 (2013). The allowance for impairment losses on trade receivables for the year ended March 31, 2019 is continuously measured at an amount equal to the lifetime expected credit losses. |
Receivables from Financial Serv
Receivables from Financial Services | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Receivables from Financial Services | (7) Receivables from Financial Services The finance subsidiaries of the Company provide various financial services to customers and dealers in order to support the sale of products. These receivables from financial services are categorized as follows: Consumer finance receivables: Retail receivables primarily consist of receivables from installment contracts with customers. Finance lease receivables primarily consist of receivables from non-cancelable Dealer finance receivables: Wholesale receivables primarily consist of financing receivables from dealers for the purchase of inventories and dealer loans. Receivables from financial services are mainly classified into financial assets measured at amortized cost. Receivables from financial services as of March 31, 2018 and 2019 consist of the following: Yen (millions) 2018 2019 Consumer finance receivables: Retail ¥ 4,187,420 ¥ 4,602,848 Finance lease 165,156 142,855 Dealer finance receivables: Wholesale 651,141 712,214 Subtotal ¥ 5,003,717 ¥ 5,457,917 Allowance for credit losses ¥ (34,803 ) ¥ (43,203 ) Allowance for losses on lease residual values (743 ) (29 ) Unearned interest income and fees (10,108 ) (9,435 ) Total ¥ 4,958,063 ¥ 5,405,250 Current assets ¥ 1,840,699 ¥ 1,951,633 Non-current 3,117,364 3,453,617 Total ¥ 4,958,063 ¥ 5,405,250 Finance lease receivables The gross investment in the lease and the present value of minimum lease payments receivable as of March 31, 2018 and 2019 are as follows: Yen (millions) As of March 31, 2018 Within 1 year Between 1 and 5 years Later than 5 years Total Gross investment in the lease ¥ 65,253 ¥ 99,845 ¥ 58 ¥ 165,156 Unearned interest income and fees (2,023 ) (8,078 ) (7 ) (10,108 ) Unguaranteed residual values (27,480 ) (50,636 ) (0 ) (78,116 ) Present value of minimum lease payments receivable ¥ 35,750 ¥ 41,131 ¥ 51 ¥ 76,932 Yen (millions) As of March 31, 2019 Within 1 year Between 1 and 5 years Later than 5 years Total Gross investment in the lease ¥ 52,099 ¥ 90,658 ¥ 98 ¥ 142,855 Unearned interest income and fees (1,632 ) (7,790 ) (13 ) (9,435 ) Unguaranteed residual values (25,369 ) (46,662 ) — (72,031 ) Present value of minimum lease payments receivable ¥ 25,098 ¥ 36,206 ¥ 85 ¥ 61,389 Allowance for credit losses The changes in the allowance for credit losses on receivables from financial services for the years ended March 31, 2017, 2018 and 2019 are as follows: For the years ended March 31, 2017 and 2018 Yen (millions) Retail Finance lease Wholesale Total Balance as of April 1, 2016 ¥ 22,300 ¥ 762 ¥ 2,503 ¥ 25,565 Provision ¥ 29,870 ¥ 338 ¥ (278 ) ¥ 29,930 Write-offs (33,045 ) (287 ) (382 ) (33,714 ) Recoveries 8,487 69 3 8,559 Exchange differences on translating foreign operations 1,255 (73 ) (23 ) 1,159 Balance as of March 31, 2017 ¥ 28,867 ¥ 809 ¥ 1,823 ¥ 31,499 Provision ¥ 36,037 ¥ 214 ¥ 336 ¥ 36,587 Write-offs (39,478 ) (299 ) (271 ) (40,048 ) Recoveries 8,368 50 13 8,431 Exchange differences on translating foreign operations (1,718 ) 47 5 (1,666 ) Balance as of March 31, 2018 ¥ 32,076 ¥ 821 ¥ 1,906 ¥ 34,803 For the year ended March 31, 2019 Yen (millions) 12-month ECL Lifetime ECL Total Not credit-impaired Credit-impaired Retail: Balance as of April 1, 2018 under IFRS 9 (2013) ¥ 32,076 Effect of adopting IFRS 9 (2014) ¥ 4,599 Balance as of April 1, 2018 under IFRS 9 (2014) ¥ 20,574 ¥ 9,543 ¥ 6,558 ¥ 36,675 Remeasurement ¥ 1,788 ¥ 579 ¥ 31,506 ¥ 33,873 Write-offs — — (30,986 ) (30,986 ) Exchange differences on translating foreign operations 250 285 (337 ) 198 Balance as of March 31, 2019 ¥ 22,612 ¥ 10,407 ¥ 6,741 ¥ 39,760 Finance lease: Balance as of April 1, 2018 under IFRS 9 (2013) ¥ 821 Effect of adopting IFRS 9 (2014) ¥ — Balance as of April 1, 2018 under IFRS 9 (2014) ¥ 604 ¥ 78 ¥ 139 ¥ 821 Remeasurement ¥ (19 ) ¥ (3 ) ¥ 114 ¥ 92 Write-offs — — (125 ) (125 ) Exchange differences on translating foreign operations (51 ) (3 ) (4 ) (58 ) Balance as of March 31, 2019 ¥ 534 ¥ 72 ¥ 124 ¥ 730 Wholesale: Balance as of April 1, 2018 under IFRS 9 (2013) ¥ 1,906 Effect of adopting IFRS 9 (2014) ¥ — Balance as of April 1, 2018 under IFRS 9 (2014) ¥ 1,553 ¥ 309 ¥ 44 ¥ 1,906 Remeasurement ¥ (49 ) ¥ 35 ¥ 769 ¥ 755 Write-offs — — 153 153 Exchange differences on translating foreign operations (85 ) (15 ) (1 ) (101 ) Balance as of March 31, 2019 ¥ 1,419 ¥ 329 ¥ 965 ¥ 2,713 Total: Balance as of April 1, 2018 under IFRS 9 (2013) ¥ 34,803 Effect of adopting IFRS 9 (2014) ¥ 4,599 Balance as of April 1, 2018 under IFRS 9 (2014) ¥ 22,731 ¥ 9,930 ¥ 6,741 ¥ 39,402 Remeasurement ¥ 1,720 ¥ 611 ¥ 32,389 ¥ 34,720 Write-offs — — (30,958 ) (30,958 ) Exchange differences on translating foreign operations 114 267 (342 ) 39 Balance as of March 31, 2019 ¥ 24,565 ¥ 10,808 ¥ 7,830 ¥ 43,203 Comparative amounts for the years ended March 31, 2017 and 2018 represent the allowance for credit losses under IFRS 9 (2013). For more information on allowance for credit losses, see note 25(c). |
Other Financial Assets
Other Financial Assets | 12 Months Ended |
Mar. 31, 2019 | |
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Other Financial Assets | (8) Other Financial Assets Other financial assets as of March 31, 2018 and 2019 consist of the following: Yen (millions) 2018 2019 Financial assets measured at amortized cost: Receivables other than trade receivables and receivables from financial services ¥ 115,046 ¥ 118,256 Debt securities 104,286 54,964 Guaranty deposits 14,234 13,098 Restricted cash 48,230 66,555 Other 9,225 9,776 Allowance for impairment losses (10,145 ) (4,233 ) Financial assets measured at fair value through other comprehensive income: Debt securities — 10,495 Equity securities 210,682 207,035 Financial assets measured at fair value through profit or loss: Derivatives 88,345 46,397 Debt securities 69,829 58,080 Total ¥ 649,732 ¥ 580,423 Current assets ¥ 213,177 ¥ 163,274 Non-current 436,555 417,149 Total ¥ 649,732 ¥ 580,423 The changes in the allowance for impairment losses on other financial assets for the years ended March 31, 2017, 2018 and 2019 are as follows: Yen (millions) 2017 2018 2019 Balance at beginning of year ¥ 11,731 ¥ 10,964 ¥ 10,145 Remeasurement ¥ 219 ¥ 343 ¥ 284 Write-offs (936 ) (1,179 ) (6,194 ) Exchange differences on translating foreign operations (50 ) 17 (2 ) Balance at end of year ¥ 10,964 ¥ 10,145 ¥ 4,233 Comparative amounts for the years ended March 31, 2017 and 2018 represent the allowance for impairment losses under IFRS 9 (2013). The allowance for impairment losses on other financial assets for the year ended March 31, 2019 is mainly for credit-impaired financial assets. Major securities included in the equity securities designated as financial assets measured at fair value through other comprehensive income as of March 31, 2018 and 2019 are as follows: As of March 31, 2018 Yen (millions) Fair value Sirius XM Holdings Inc. ¥ 62,207 Stanley Electric Co., Ltd. 36,295 Mitsubishi UFJ Financial Group, Inc. 10,108 Shindengen Electric Manufacturing Co., Ltd. 9,394 NIPPON SEIKI CO., LTD. 7,247 Daido Steel Co., Ltd. 7,101 As of March 31, 2019 Yen (millions) Fair value GM Cruise Holdings LLC ¥ 83,242 Stanley Electric Co., Ltd. 27,475 Mitsubishi UFJ Financial Group, Inc. 7,976 NIPPON SEIKI CO., LTD. 6,714 NIKKON Holdings Co., Ltd. 6,414 Tokio Marine Holdings, Inc. 5,859 Honda sells (derecognizes) the equity securities designated as financial assets measured at fair value through other comprehensive income to improve efficiency and effectiveness in the utilization of resources. The fair values at the date of derecognition and cumulative net gains or losses recognized in other comprehensive income in equity for the years ended March 31, 2017, 2018 and 2019 are as follows: Yen (millions) 2017 2018 2019 Fair value ¥ 2 ¥ 431 ¥ 61,038 Cumulative net gain or loss ¥ (1 ) ¥ 302 ¥ 39,382 |
Inventories
Inventories | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Inventories | (9) Inventories Inventories as of March 31, 2018 and 2019 consist of the following: Yen (millions) 2018 2019 Finished goods ¥ 931,774 ¥ 973,797 Work in process 69,702 78,006 Raw materials 521,979 534,984 Total ¥ 1,523,455 ¥ 1,586,787 The amounts of write-down of inventories recognized as an expense for the years ended March 31, 2017, 2018 and 2019 are ¥22,707 million, ¥67,768 million and ¥32,565 million, respectively. |
Investments Accounted for Using
Investments Accounted for Using the Equity Method | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Investments Accounted for Using the Equity Method | (10) Investments accounted for using the equity method Honda’s equity in affiliates and joint ventures as of March 31, 2018 and 2019 is as follows: Yen (millions) 2018 2019 Investments accounted for using the equity method: Affiliates ¥ 359,784 ¥ 382,706 Joint ventures 319,733 330,333 Total ¥ 679,517 ¥ 713,039 Honda’s equity of undistributed earnings: Affiliates ¥ 261,296 ¥ 294,532 Joint ventures 230,387 249,284 Total ¥ 491,683 ¥ 543,816 For the year ended March 31, 2017, the Company recognized impairment losses of ¥12,871 million on certain investments accounted for using the equity method, because there is objective evidence of impairment from declines in quoted market values. The impairment losses are included in share of profit of investments accounted for using the equity method in the consolidated statements of income and mainly included in the automobile business segment. For the year ended March 31, 2018 and 2019, the Company did not recognize any significant impairment losses. In addition, for the year ended March 31, 2018, the Company recognized reversal of impairment losses of ¥15,782 million, which had been previously recognized, on certain investments accounted for using the equity method mainly due to the recovery of quoted market values. The reversal of impairment losses is included in share of profit of investments accounted for using the equity method in the consolidated statements of income and mainly included in the automobile business segment. For the year ended March 31, 2017 and 2019, the Company did not recognize any significant reversal of impairment losses. Honda’s share of comprehensive income of affiliates and joint ventures for the years ended March 31, 2017, 2018 and 2019 is as follows: Yen (millions) 2017 2018 2019 Profit for the year: Affiliates ¥ 9,626 ¥ 45,501 ¥ 43,137 Joint ventures 155,167 202,142 185,690 Total ¥ 164,793 ¥ 247,643 ¥ 228,827 Other comprehensive income: Affiliates ¥ (6,560 ) ¥ 4,983 ¥ (13,150 ) Joint ventures (12,822 ) 7,325 (8,534 ) Total ¥ (19,382 ) ¥ 12,308 ¥ (21,684 ) Comprehensive income for the year: Affiliates ¥ 3,066 ¥ 50,484 ¥ 29,987 Joint ventures 142,345 209,467 177,156 Total ¥ 145,411 ¥ 259,951 ¥ 207,143 Investments accounted for using the equity method, Honda’s equity of undistributed earnings, profit for the year, other comprehensive income and comprehensive income for the year items include a joint venture that is material to the Company. (Material joint venture) Dongfeng Honda Automobile Co., Ltd. is a joint venture that is material to the Company. Dongfeng Honda Automobile Co., Ltd., located in Wuhan City, China, manufactures and sells automobile products. Honda and Dongfeng Motor Corporation each holds 50% equity stake in Dongfeng Honda Automobile Co., Ltd. Summarized financial information of Dongfeng Honda Automobile Co., Ltd. as of March 31, 2018 and 2019 is as follows: Yen (millions) 2018 2019 Current assets ¥ 548,948 ¥ 513,364 Non-current 160,874 195,806 Total assets 709,822 709,170 Current liabilities 397,669 369,119 Non-current 41,032 42,264 Total liabilities 438,701 411,383 Total equity ¥ 271,121 ¥ 297,787 Honda’s share of total equity (50%) 135,561 148,893 Equity method adjustments (1,389 ) (1,310 ) Carrying amount of its interest in the joint venture ¥ 134,172 ¥ 147,583 Cash and cash equivalents included in current assets ¥ 275,571 ¥ 201,698 Financial liabilities (excluding trade payables and provisions) included in current liabilities 4,421 4,628 Summarized financial information of Dongfeng Honda Automobile Co., Ltd. for the years ended March 31, 2017, 2018 and 2019 is as follows: Yen (millions) 2017 2018 2019 Sales revenue ¥ 1,321,596 ¥ 1,695,603 ¥ 1,696,651 Interest income 4,663 8,998 6,190 Depreciation and amortization 16,391 16,001 16,091 Income tax expense 49,928 60,295 58,504 Profit for the year 140,916 185,604 176,787 Other comprehensive income (12,558 ) 11,586 (8,354 ) Comprehensive income for the year ¥ 128,358 ¥ 197,190 ¥ 168,433 Comprehensive income for the year (50%) 64,179 98,595 84,217 Equity method adjustments 177 842 56 Honda’s share of comprehensive income for the year ¥ 64,356 ¥ 99,437 ¥ 84,273 Dividend from the joint venture to Honda ¥ 53,554 ¥ 75,407 ¥ 70,788 Combined financial information in respect of affiliates as of March 31, 2018 and 2019, and for the years ended March 31, 2017, 2018 and 2019 is as follows: Yen (millions) For the year ended March 31, 2017 Motorcycle Automobile Power Product Total Sales revenue ¥ 158,174 ¥ 2,515,601 ¥ 6,724 ¥ 2,680,499 Profit for the year 10,112 60,145 973 71,230 Yen (millions) As of and for the year ended March 31, 2018 Motorcycle Automobile Power Product Total Current assets ¥ 56,573 ¥ 1,091,352 ¥ 8,190 ¥ 1,156,115 Non-current 29,300 1,078,735 22,481 1,130,516 Total assets 85,873 2,170,087 30,671 2,286,631 Current liabilities 25,806 614,762 2,399 642,967 Non-current 5,638 231,325 1,280 238,243 Total liabilities 31,444 846,087 3,679 881,210 Total equity ¥ 54,429 ¥ 1,324,000 ¥ 26,992 ¥ 1,405,421 Sales revenue ¥ 168,229 ¥ 2,589,380 ¥ 6,777 ¥ 2,764,386 Profit for the year 11,115 99,119 1,001 111,235 Yen (millions) As of and for the year ended March 31, 2019 Motorcycle Automobile Power Product Total Current assets ¥ 53,449 ¥ 1,143,390 ¥ 8,897 ¥ 1,205,736 Non-current 31,464 1,069,087 22,821 1,123,372 Total assets 84,913 2,212,477 31,718 2,329,108 Current liabilities 24,307 594,494 2,751 621,552 Non-current 4,414 216,199 1,168 221,781 Total liabilities 28,721 810,693 3,919 843,333 Total equity ¥ 56,192 ¥ 1,401,784 ¥ 27,799 ¥ 1,485,775 Sales revenue ¥ 170,750 ¥ 2,657,023 ¥ 7,004 ¥ 2,834,777 Profit for the year 8,654 143,833 766 153,253 Combined financial information in respect of joint ventures as of March 31, 2018 and 2019, and for the years ended March 31, 2017, 2018 and 2019 is as follows: Yen (millions) For the year ended March 31, 2017 Motorcycle Automobile Power Product Total Sales revenue ¥ 671,227 ¥ 3,038,643 ¥ 4,796 ¥ 3,714,666 Profit for the year 58,585 250,451 380 309,416 Yen (millions) As of and for the year ended March 31, 2018 Motorcycle Automobile Power Product Total Current assets ¥ 208,510 ¥ 1,219,060 ¥ 2,736 ¥ 1,430,306 Non-current 106,351 285,869 600 392,820 Total assets 314,861 1,504,929 3,336 1,823,126 Current liabilities 176,486 930,759 759 1,108,004 Non-current 9,884 73,508 1,190 84,582 Total liabilities 186,370 1,004,267 1,949 1,192,586 Total equity ¥ 128,491 ¥ 500,662 ¥ 1,387 ¥ 630,540 Sales revenue ¥ 701,676 ¥ 3,835,476 ¥ 5,151 ¥ 4,542,303 Profit for the year 56,733 347,661 337 404,731 Yen (millions) As of and for the year ended March 31, 2019 Motorcycle Automobile Power Product Total Current assets ¥ 210,818 ¥ 1,179,520 ¥ 3,112 ¥ 1,393,450 Non-current 119,749 377,019 683 497,451 Total assets 330,567 1,556,539 3,795 1,890,901 Current liabilities 192,951 929,071 1,039 1,123,061 Non-current 10,842 81,316 873 93,031 Total liabilities 203,793 1,010,387 1,912 1,216,092 Total equity ¥ 126,774 ¥ 546,152 ¥ 1,883 ¥ 674,809 Sales revenue ¥ 746,385 ¥ 3,819,913 ¥ 5,907 ¥ 4,572,205 Profit for the year 54,230 316,491 433 371,154 The amounts of a joint venture that is material to the Company are included in above. |
Property, Plant and Equipment
Property, Plant and Equipment | 12 Months Ended |
Mar. 31, 2019 | |
Equipment on operating leases [member] | |
Statement [LineItems] | |
Property, Plant and Equipment | (11) Equipment on Operating Leases The changes in cost, accumulated depreciation and impairment losses, and the carrying amounts of equipment on operating leases for the years ended March 31, 2018 and 2019 are as follows: (Cost) Yen (millions) Balance as of April 1, 2017 ¥ 5,114,543 Additions ¥ 1,799,155 Sales or disposal (1,475,302 ) Exchange differences on translating foreign operations (219,950 ) Other — Balance as of March 31, 2018 ¥ 5,218,446 Additions ¥ 2,038,734 Sales or disposal (1,721,471 ) Exchange differences on translating foreign operations 164,802 Other — Balance as of March 31, 2019 ¥ 5,700,511 (Accumulated depreciation and impairment losses) Yen (millions) Balance as of April 1, 2017 ¥ (1,009,880 ) Depreciation ¥ (744,717 ) Sales or disposal 591,721 Exchange differences on translating foreign operations 44,474 Other (11,911 ) Balance as of March 31, 2018 ¥ (1,130,313 ) Depreciation ¥ (781,082 ) Sales or disposal 704,691 Exchange differences on translating foreign operations (32,242 ) Other (12,716 ) Balance as of March 31, 2019 ¥ (1,251,662 ) (Carrying amount) Yen (millions) Balance as of March 31, 2018 ¥ 4,088,133 Balance as of March 31, 2019 4,448,849 (Future minimum lease payments) Future minimum lease payments expected to be received under non-cancelable Yen (millions) 2018 2019 Within 1 year ¥ 689,284 ¥ 736,650 Between 1 and 5 years 777,582 897,789 Later than 5 years — — Total ¥ 1,466,866 ¥ 1,634,439 Future minimum lease payments expected to be received as shown above should not necessarily be considered indicative of future cash collections. |
Property, plant and equipment [member] | |
Statement [LineItems] | |
Property, Plant and Equipment | (12) Property, Plant and Equipment The changes in cost, accumulated depreciation and impairment losses, and the carrying amounts of property, plant and equipment for the years ended March 31, 2018 and 2019 are as follows: (Cost) Yen (millions) Land Buildings and Machinery and Construction in Total Balance as of April 1, 2017 ¥ 546,855 ¥ 2,231,274 ¥ 5,305,139 ¥ 277,086 ¥ 8,360,354 Additions ¥ 397 ¥ 7,725 ¥ 134,604 ¥ 342,052 ¥ 484,778 Reclassification 1,216 58,706 359,442 (419,364 ) — Sales or disposal (1,543 ) (13,937 ) (276,782 ) — (292,262 ) Exchange differences on translating foreign operations (1,733 ) (34,039 ) (140,296 ) (6,390 ) (182,458 ) Other — (936 ) (1,602 ) (825 ) (3,363 ) Balance as of March 31, 2018 ¥ 545,192 ¥ 2,248,793 ¥ 5,380,505 ¥ 192,559 ¥ 8,367,049 Additions 304 10,399 174,686 281,268 466,657 Reclassification 2,421 64,101 194,365 (260,887 ) — Sales or disposal (1,469 ) (11,432 ) (294,761 ) — (307,662 ) Exchange differences on translating foreign operations 307 15,931 63,898 2,647 82,783 Other 128 (269 ) (3,710 ) (1,618 ) (5,469 ) Balance as of March 31, 2019 ¥ 546,883 ¥ 2,327,523 ¥ 5,514,983 ¥ 213,969 ¥ 8,603,358 (Accumulated depreciation and impairment losses) Yen (millions) Land Buildings and Machinery and Construction in Total Balance as of April 1, 2017 ¥ (3,866 ) ¥ (1,224,339 ) ¥ (3,929,601 ) ¥ (2,170 ) ¥ (5,159,976 ) Depreciation ¥ — ¥ (75,561 ) ¥ (437,894 ) ¥ — ¥ (513,455 ) Sales or disposal 18 12,136 239,645 — 251,799 Exchange differences on translating foreign operations (32 ) 16,217 103,037 (99 ) 119,123 Other (299 ) 785 (2,677 ) 84 (2,107 ) Balance as of March 31, 2018 ¥ (4,179 ) ¥ (1,270,762 ) ¥ (4,027,490 ) ¥ (2,185 ) ¥ (5,304,616 ) Depreciation — (74,391 ) (424,645 ) — (499,036 ) Impairment losses (1,052 ) (6,077 ) (17,944 ) (1,975 ) (27,048 ) Sales or disposal 22 9,665 254,802 — 264,489 Exchange differences on translating foreign operations 9 (9,266 ) (51,094 ) 23 (60,328 ) Other 636 449 3,936 — 5,021 Balance as of March 31, 2019 ¥ (4,564 ) ¥ (1,350,382 ) ¥ (4,262,435 ) ¥ (4,137 ) ¥ (5,621,518 ) (Carrying amount) Yen (millions) Land Buildings and Machinery and Construction in Total Balance as of March 31, 2018 ¥ 541,013 ¥ 978,031 ¥ 1,353,015 ¥ 190,374 ¥ 3,062,433 Balance as of March 31, 2019 542,319 977,141 1,252,548 209,832 2,981,840 For commitments for purchases of property, plant and equipment, see note 28. |
Intangible Assets
Intangible Assets | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Intangible Assets | (13) Intangible Assets The changes in cost, accumulated amortization and impairment losses, and carrying amounts of intangible assets for the years ended March 31, 2018 and 2019 are as follows: (Cost) Yen (millions) Capitalized Software Other Total Balance as of April 1, 2017 ¥ 977,134 ¥ 347,045 ¥ 33,862 ¥ 1,358,041 Additions ¥ — ¥ 12,765 ¥ 2,469 ¥ 15,234 Internally developed 132,800 13,586 — 146,386 Sales or disposal (137,637 ) (13,757 ) (1,695 ) (153,089 ) Exchange differences on translating foreign operations 667 (4,388 ) (289 ) (4,010 ) Other — (88 ) (878 ) (966 ) Balance as of March 31, 2018 ¥ 972,964 ¥ 355,163 ¥ 33,469 ¥ 1,361,596 Additions ¥ — ¥ 11,836 ¥ 3,956 ¥ 15,792 Internally developed 161,232 14,975 — 176,207 Sales or disposal (104,237 ) (5,082 ) (265 ) (109,584 ) Exchange differences on translating foreign operations 183 2,701 (1,067 ) 1,817 Other — (29 ) 2,195 2,166 Balance as of March 31, 2019 ¥ 1,030,142 ¥ 379,564 ¥ 38,288 ¥ 1,447,994 (Accumulated amortization and impairment losses) Yen (millions) Capitalized Software Other Total Balance as of April 1, 2017 ¥ (358,130 ) ¥ (211,912 ) ¥ (9,807 ) ¥ (579,849 ) Amortization ¥ (153,922 ) ¥ (40,663 ) ¥ (1,359 ) ¥ (195,944 ) Sales or disposal 137,637 12,610 1,057 151,304 Exchange differences on translating foreign operations (28 ) 3,423 352 3,747 Other — (146 ) 806 660 Balance as of March 31, 2018 ¥ (374,443 ) ¥ (236,688 ) ¥ (8,951 ) ¥ (620,082 ) Amortization ¥ (148,100 ) ¥ (39,224 ) ¥ (1,243 ) ¥ (188,567 ) Sales or disposal 104,237 2,842 59 107,138 Exchange differences on translating foreign operations (9 ) (2,040 ) 222 (1,827 ) Other — 612 (900 ) (288 ) Balance as of March 31, 2019 ¥ (418,315 ) ¥ (274,498 ) ¥ (10,813 ) ¥ (703,626 ) (Carrying amount) Yen (millions) Capitalized Software Other Total Balance as of March 31, 2018 ¥ 598,521 ¥ 118,475 ¥ 24,518 ¥ 741,514 Balance as of March 31, 2019 611,827 105,066 27,475 744,368 Amortization of capitalized development costs is included in research and development, and amortization of other intangible assets is included in cost of sales, selling, general and administrative, and research and development in the consolidated statements of income. For commitments for purchases of intangible assets, see note 28. |
Trade Payables
Trade Payables | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Trade Payables | (14) Trade Payables Trade payables are classified as financial liabilities measured at amortized cost. Trade payables as of March 31, 2018 and 2019 consist of the following: Yen (millions) 2018 2019 Trade accounts and notes payable ¥ 1,075,545 ¥ 1,056,065 Other 149,082 128,817 Total ¥ 1,224,627 ¥ 1,184,882 |
Financing Liabilities
Financing Liabilities | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Financing Liabilities | (15) Financing Liabilities Financing liabilities are classified as financial liabilities measured at amortized cost. Financing liabilities presented in current liabilities as of March 31, 2018 and 2019 consist of the following: Yen (millions) 2018 2019 Current: Commercial paper ¥ 849,605 ¥ 943,905 Loans 312,992 366,620 Medium-term notes 40,070 122,080 Asset-backed securities 33,980 41,019 Subtotal ¥ 1,236,647 ¥ 1,473,624 Reclassification from non-current ¥ 1,680,614 ¥ 1,715,158 Total ¥ 2,917,261 ¥ 3,188,782 The weighted average interest rates for financing liabilities presented in current liabilities (excluding reclassification from non-current 2018 2019 Weighted average interest rate 1.51 % 1.85 % Financing liabilities presented in non-current Yen (millions) 2018 2019 Non-current: Loans ¥ 1,253,429 ¥ 1,235,791 Medium-term notes 2,885,168 3,151,868 Corporate bonds 454,543 444,517 Asset-backed securities 969,223 1,025,320 Subtotal ¥ 5,562,363 ¥ 5,857,496 Reclassification to current liabilities (Current portion) ¥ (1,680,614 ) ¥ (1,715,158 ) Total ¥ 3,881,749 ¥ 4,142,338 The interest rate range and payment due date for financing liabilities presented in non-current 2018 2019 Loans Interest rate: 0.09% - 15.00% Due: 2018 - 2046 Interest rate: 0.10% - 10.50% Due: 2019 - 2046 Medium-term notes Interest rate: 0.07% - 7.63% Due: 2018 - 2028 Interest rate: 0.35% - 3.88% Due: 2019 - 2028 Corporate bonds Interest rate: 0.01% - 0.59% Due: 2018 - 2022 Interest rate: 0.01% - 0.59% Due: 2019 - 2023 Asset-backed securities Interest rate: 0.13% - 2.83% Due: 2018 - 2023 Interest rate: 0.11% - 3.30% Due: 2019 - 2024 (Pledged assets) Pledged assets for financing liabilities as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Trade receivables ¥ 24,571 ¥ 26,286 Receivables from financial services 1,047,676 1,134,489 Inventories 17,528 26,677 Property, plant and equipment 58,720 55,139 Total ¥ 1,148,495 ¥ 1,242,591 Receivables from financial services are pledged as collateral for liabilities related to asset-backed securities transactions. Other items are mainly pledged as collateral for secured bank loans. As is customary in Japan, bank loans are extended under general agreements which provide that security and guarantees for present and future indebtedness will be given upon request of the bank, and that the bank shall have the right to offset cash deposits against obligations that have become due or, in the event of default, against all obligations due to the bank. (Reconciliation of liabilities arising from financing activities) The changes in liabilities arising from financing activities for the years ended March 31, 2018 and 2019 are as follows: For the year ended March 31, 2018 Yen (millions) Balance Cash flows Cash flows Non-cash Balance Acquisitions Changes Changes Other Short-term financing liabilities ¥ 1,162,111 ¥ 101,885 ¥ — ¥ — ¥ (28,854 ) ¥ — ¥ 1,505 ¥ 1,236,647 Long-term financing liabilities 5,647,007 80,042 — — (169,403 ) — 4,717 5,562,363 Lease obligations *1 69,364 (47,449 ) — 50,610 (468 ) — 566 72,623 Derivative financial liabilities (assets) *2 25,300 — (3,308 ) — (1,732 ) (36,466 ) — (16,206 ) Total ¥ 6,903,782 ¥ 134,478 ¥ (3,308 ) ¥ 50,610 ¥ (200,457 ) ¥ (36,466 ) ¥ 6,788 ¥ 6,855,427 For the year ended March 31, 2019 Yen (millions) Balance Cash flows Cash flows Non-cash Balance Acquisitions Changes Changes Other Short-term financing liabilities ¥ 1,236,647 ¥ 221,551 ¥ — ¥ — ¥ 14,568 ¥ — ¥ 858 ¥ 1,473,624 Long-term financing liabilities 5,562,363 174,160 — — 118,789 — 2,184 5,857,496 Lease obligations *1 72,623 (47,106 ) — 37,028 (237 ) — — 62,308 Derivative financial liabilities (assets) *2 (16,206 ) 3,342 (9,187 ) — (859 ) 47,487 — 24,577 Total ¥ 6,855,427 ¥ 351,947 ¥ (9,187 ) ¥ 37,028 ¥ 132,261 ¥ 47,487 ¥ 3,042 ¥ 7,418,005 Explanatory notes: *1 The cash flows arising from lease obligations are included in other, net in cash flows from financing activities in the consolidated statements of cash flows. *2 Derivative financial liabilities (assets) are held by the finance subsidiaries of the Company to hedge foreign currency risk for principals and interests payment of long-term financing liabilities. The cash flows related to repayments of principals are included in cash flows from financing activities, while the cash flows related to interest paid are included in cash flows from operating activities. |
Other Financial Liabilities
Other Financial Liabilities | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Other Financial Liabilities | (16) Other Financial Liabilities Other financial liabilities as of March 31, 2018 and 2019 consist of the following: Yen (millions) 2018 2019 Financial liabilities measured at amortized cost ¥ 50,001 ¥ 64,800 Financial liabilities measured at fair value through profit or loss: Derivatives 52,786 69,491 Lease obligations 72,623 62,308 Total ¥ 175,410 ¥ 196,599 Current liabilities ¥ 115,405 ¥ 132,910 Non-current 60,005 63,689 Total ¥ 175,410 ¥ 196,599 |
Provisions
Provisions | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Provisions | (17) Provisions The components of and changes in provisions for the year ended March 31, 2019 are as follows: Yen (millions) Product Other Total Balance as of April 1, 2018 ¥ 457,596 ¥ 69,023 ¥ 526,619 Effect of changes in accounting policy ¥ (4,536 ) ¥ — ¥ (4,536 ) Adjusted balance as of April 1, 2018 ¥ 453,060 ¥ 69,023 ¥ 522,083 Provision ¥ 247,194 ¥ 75,866 ¥ 323,060 Write-offs (231,230 ) (25,314 ) (256,544 ) Reversal (17,596 ) (9,023 ) (26,619 ) Exchange differences on translating foreign operations 7,054 474 7,528 Balance as of March 31, 2019 ¥ 458,482 ¥ 111,026 ¥ 569,508 Current liabilities and non-current Yen (millions) 2018 2019 Current liabilities ¥ 305,994 ¥ 348,763 Non-current 220,625 220,745 Total ¥ 526,619 ¥ 569,508 Explanatory note: * Honda recognizes provisions for product warranties to cover future product warranty expenses. Honda recognizes costs for general warranties on products Honda sells and for specific warranty programs, including product recalls. Honda recognizes general estimated warranty costs at the time products are sold to customers. Honda also recognizes specific estimated warranty program costs when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. These provisions are estimated based on historical warranty claim experience with consideration given to the expected level of future warranty costs as well as current information on repair costs. Provision for product warranties are utilized for expenditures based on the demand from customers and dealers. |
Employee Benefits
Employee Benefits | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Employee Benefits | (18) Employee Benefits (a) Post-employment Benefits Honda has various pension plans covering substantially all of their employees in Japan and certain employees in foreign countries. The Company and its Japanese subsidiaries provide plans similar to a cash balance pension plan or other defined benefit pension plans in accordance with the Defined-Benefit Corporate Pension Act of Japan. The Company and some of its subsidiaries have retirement pension benefit plans as well as lump-sum The Company’s pension plans are administered by the Honda Pension Fund (the Fund) which is legally independent of the Company. The Director of the Fund has the fiduciary duty to comply with laws, the directives by the Minister of Health, Labour and Welfare, and the Director-Generals of Regional Bureaus of Health and Welfare made pursuant to those laws, and the by-laws In August 2016, the Company and its certain subsidiaries in Japan decided, effective April 1, 2017, to extend mandatory retirement age from 60 years old to 65 years old and introduce a flexible retirement scheme that enables employees to choose retirement age between 60 years old and 65 years old, along with amendments to their defined benefit pension plans to align with the postponement of the retirement age, to fulfill diversifying needs of individual employees. The plan amendments include the revision of the benefit curve that makes a lump-sum lump-sum These plan amendments resulted in a reduction of the defined benefit obligations and recognition of the past service cost in profit or loss. Honda recognized ¥84,024 million of past service cost in a credit to profit or loss, of which ¥37,197 million is included in cost of sales, ¥21,385 million is included in selling, general and administrative and ¥25,442 million is included in research and development in the consolidated statements of income for the year ended March 31, 2017. The defined benefit obligations and plan assets were also remeasured. 1) Defined benefit obligations and plan assets The changes in present value of defined benefit obligations and fair value of plan assets of the Company and certain of its consolidated subsidiaries for the years ended March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Japanese plans Foreign plans Japanese plans Foreign plans Present value of defined benefit obligations: Balance at beginning of year ¥ 1,362,192 ¥ 1,057,351 ¥ 1,331,475 ¥ 1,042,753 Current service cost 35,138 28,387 36,300 29,133 Past service cost — 506 — 338 Interest cost 10,493 39,401 9,535 39,547 Plan participants’ contributions — 1,579 — 1,903 Transfer to defined contribution plan (63,055 ) — — — Remeasurements: Changes in demographic assumptions 13,843 (1,951 ) (25,360 ) (3,648 ) Changes in financial assumptions 19,783 30,612 34,655 36,157 Other (4,599 ) (21,512 ) 21,981 8,943 Benefits paid (42,320 ) (56,631 ) (42,206 ) (96,801 ) Exchange differences on translating foreign operations — (34,989 ) — 28,113 Balance at end of year ¥ 1,331,475 ¥ 1,042,753 ¥ 1,366,380 ¥ 1,086,438 Fair value of plan assets: Balance at beginning of year ¥ 1,182,140 ¥ 795,561 ¥ 1,219,073 ¥ 807,528 Interest income 9,630 29,950 8,807 30,553 Actual return on plan assets, excluding interest income 45,841 35,412 34,142 10,489 Employer contributions 21,652 25,964 22,109 87,803 Plan participants’ contributions — 1,579 — 1,903 Benefits paid (40,190 ) (56,631 ) (39,601 ) (96,801 ) Exchange differences on translating foreign operations — (24,307 ) — 19,383 Balance at end of year ¥ 1,219,073 ¥ 807,528 ¥ 1,244,530 ¥ 860,858 Net defined benefit liabilities ¥ 112,402 ¥ 235,225 ¥ 121,850 ¥ 225,580 2) Fair value of plan assets Honda’s investment policies for the Japanese and foreign pension plan assets are designed to maximize total medium-to-long medium-to-long The fair value of the Japanese and foreign pension plan assets by asset category as of March 31, 2018 and 2019 is as follows: As of March 31, 2018 Yen (millions) Japanese plans Foreign plans Market price in active market Market price in active market Quoted Unquoted Total Quoted Unquoted Total Cash and cash equivalents ¥ 5,464 ¥ — ¥ 5,464 ¥ 5,659 ¥ — ¥ 5,659 Equity securities: Japan 31,306 — 31,306 18,333 — 18,333 United States 214,783 — 214,783 92,774 — 92,774 Other 228,083 — 228,083 94,156 4,503 98,659 Debt securities: Japan 73,125 1,375 74,500 — 183 183 United States 2,799 121,574 124,373 — 105,986 105,986 Other 149,589 94,703 244,292 — 12,561 12,561 Group annuity insurance: General accounts — 32,322 32,322 — — — Separate accounts — 16,243 16,243 — — — Pooled funds: Real estate funds — — — — 61,459 61,459 Private equity funds — — — — 73,972 73,972 Hedge funds — 112,011 112,011 — 53,357 53,357 Commingled and other mutual funds 2,213 130,645 132,858 54,063 213,938 268,001 Other 8 2,830 2,838 (875 ) 17,459 16,584 Total ¥ 707,370 ¥ 511,703 ¥ 1,219,073 ¥ 264,110 ¥ 543,418 ¥ 807,528 As of March 31, 2019 Yen (millions) Japanese plans Foreign plans Market price in active market Market price in active market Quoted Unquoted Total Quoted Unquoted Total Cash and cash equivalents ¥ 9,207 ¥ — ¥ 9,207 ¥ 36,373 ¥ — ¥ 36,373 Equity securities: Japan 32,885 1 32,886 13,970 — 13,970 United States 234,226 — 234,226 94,332 — 94,332 Other 231,162 242 231,404 112,403 4,614 117,017 Debt securities: Japan 71,487 — 71,487 — 433 433 United States 3,036 143,673 146,709 — 119,942 119,942 Other 181,728 47,845 229,573 — 10,910 10,910 Group annuity insurance: General accounts — 34,663 34,663 — — — Separate accounts — 16,569 16,569 — — — Pooled funds: Real estate funds — — — — 53,100 53,100 Private equity funds — — — — 91,264 91,264 Hedge funds — 116,183 116,183 — 61,520 61,520 Commingled and other mutual funds 3,859 111,914 115,773 8,882 238,504 247,386 Other 32 5,818 5,850 (1,447 ) 16,058 14,611 Total ¥ 767,622 ¥ 476,908 ¥ 1,244,530 ¥ 264,513 ¥ 596,345 ¥ 860,858 3) Actuarial assumptions The significant actuarial assumptions used to determine the present value of defined benefit obligations as of March 31, 2018 and 2019 are as follows: 2018 2019 Japanese plans Foreign plans Japanese plans Foreign plans Discount rate 0.7 % 2.8 - 4.2% 0.6 % 2.5 - 3.9% Rate of salary increase 1.7 % 2.5 - 3.0% 1.6 % 2.5 - 3.0% 4) Sensitivity analysis The effects on defined benefit obligations of 0.5% increase or decrease in the discount rate as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Japanese plans Foreign plans Japanese plans Foreign plans 0.5% decrease ¥ 112,535 increase ¥ 97,682 increase ¥ 114,468 increase ¥ 102,878 increase 0.5% increase ¥ 99,540 decrease ¥ 85,897 decrease ¥ 101,281 decrease ¥ 90,659 decrease This sensitivity analysis shows changes in defined benefit obligations as of March 31, 2018 and 2019, as a result of changes in actuarial assumptions that the Company can reasonably assume. This analysis is based on provisional calculations, and thus actual results may differ from the analysis. In addition, changes in the rate of salary increase are not expected. 5) Cash flows The amount of contributions to plan assets made by the Company and certain of its consolidated subsidiaries are determined based on various factors such as the level of salary and service years of employees, status of plan asset reserve, and actuarial calculations. In accordance with the provisions of the Defined Benefit Corporate Pension Act, the Honda Pension Fund also recalculates the amount of contributions every five years at the end of the reporting period as a base date, in an effort to ensure balanced finances in the future. The Company and certain of its consolidated subsidiaries may make contributions of a necessary amount if the amount of reserve falls below the minimum base amount. The Company and certain of its consolidated subsidiaries expect to contribute ¥22,751 million to its Japanese pension plans and ¥53,481 million to its foreign pension plans in the year ending March 31, 2020. A subsidiary in the United Kingdom entered into an arrangement related to its pension plan in March 2019. The arrangement includes an agreement to contribute additional ¥32,186 million which is a part of the expected contribution to the foreign pension plan in the year ending March 31, 2020. The weighted average duration of defined benefit obligations as of March 31, 2018 and 2019 are as follows: 2018 2019 Japanese plans Foreign plans Japanese plans Foreign plans Weighted average duration of defined benefit obligations 16 years 17 years 16 years 17 years (b) Personnel Expenses Personnel expenses included in the consolidated statements of income for the years ended March 31, 2017, 2018 and 2019 are as follows: Yen (millions) 2017 2018 2019 Personnel expenses ¥ 1,373,578 ¥ 1,576,012 ¥ 1,634,785 Personnel expenses include salaries, bonuses, social security expenses and expenses relating to post-employment benefits. |
Equity
Equity | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Equity | (19) Equity (a) Management of Capital Honda makes investments in capital and research and development to improve corporate value through growth on a global basis. In order to meet these funding needs, Honda makes capital management through consideration of the balance between financing liabilities and equity. Financing liabilities and equity of Honda as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Financing liabilities ¥ 6,799,010 ¥ 7,331,120 Equity 8,234,095 8,565,790 (b) Common Stock The Company’s total number of shares authorized and issued for the years ended March 31, 2017, 2018 and 2019 are as follows: Shares 2017 2018 2019 Total number of authorized shares Balance at end of year Common shares, no par value 7,086,000,000 7,086,000,000 7,086,000,000 Total number of issued shares Balance at beginning of year 1,811,428,430 1,811,428,430 1,811,428,430 Changes during the year — — — Balance at end of year 1,811,428,430 1,811,428,430 1,811,428,430 All of the issued shares as of March 31, 2017, 2018 and 2019 have been paid in full. (c) Capital Surplus and Retained Earnings Capital surplus consists of surplus that is derived from equity transactions and not recorded in common stock, and its primary component is capital reserves. The Companies Act of Japan provides that no less than 50% of the paid-in Retained earnings consist of legal reserves and accumulated earnings. The Companies Act of Japan provides that earnings in an amount equal to 10% of cash dividends from retained earnings shall be appropriated as a capital reserve or a legal reserve on the date of distribution of retained earnings until an aggregated amount of capital reserve and legal reserve equals 25% of common stock. Legal reserves may be used upon approval of the General Meeting of Shareholders. Certain foreign consolidated subsidiaries are also required to appropriate their earnings under the laws of respective countries. (d) Treasury Stock The total number of the Company’s treasury stock held by Honda as of March 31, 2017, 2018 and 2019 is as follows: Shares 2017 2018 2019 Common shares 9,148,035 33,150,615 51,867,045 Under the Companies Act of Japan, the number of shares and total value of treasury stock acquisition may be determined, upon approval of the General Meeting of Shareholders, within the amount available for distribution. Furthermore, treasury stock may be acquired through market transactions or tender offers in accordance with the articles of incorporation within the conditions set forth in the Companies Act, upon approval of the Board of Directors. (e) Other Components of Equity The changes in other components of equity for the years ended March 31, 2017, 2018 and 2019 are as follows: Yen (millions) Remeasurements of Net changes in revaluation of Exchange differences Total Balance as of April 1, 2016 ¥ — ¥ 61,639 ¥ 274,476 ¥ 336,115 Adjustment during the year ¥ 64,478 ¥ 24,049 ¥ (9,017 ) ¥ 79,510 Reclassification to retained earnings (64,478 ) 259 — (64,219 ) Balance as of March 31, 2017 ¥ — ¥ 85,947 ¥ 265,459 ¥ 351,406 Adjustment during the year ¥ 12,125 ¥ 20,655 ¥ (192,572 ) ¥ (159,792 ) Reclassification to retained earnings (12,125 ) (1,197 ) — (13,322 ) Balance as of March 31, 2018 ¥ — ¥ 105,405 ¥ 72,887 ¥ 178,292 Effect of changes in accounting policy ¥ — ¥ (208 ) ¥ — ¥ (208 ) Effect of hyperinflation — — 14,896 14,896 Adjusted balance as of April 1, 2018 ¥ — ¥ 105,197 ¥ 87,783 ¥ 192,980 Adjustment during the year ¥ (23,383 ) ¥ (26,696 ) ¥ 77,372 ¥ 27,293 Reclassification to retained earnings 23,383 (29,273 ) — (5,890 ) Balance as of March 31, 2019 ¥ — ¥ 49,228 ¥ 165,155 ¥ 214,383 (f) Other Comprehensive Income Each component of other comprehensive income and related tax effect including non-controlling For the year ended March 31, 2017 Yen (millions) Before-tax Tax benefit Net-of-tax Items that will not be reclassified to profit or loss: Remeasurements of defined benefit plans: Amount incurred during the year ¥ 90,502 ¥ (32,348 ) ¥ 58,154 Net changes 90,502 (32,348 ) 58,154 Net changes in revaluation of financial assets measured at fair value through other comprehensive income: Amount incurred during the year 34,189 (11,482 ) 22,707 Net changes 34,189 (11,482 ) 22,707 Share of other comprehensive income of investments accounted for using the equity method: Amount incurred during the year 3,317 (55 ) 3,262 Net changes 3,317 (55 ) 3,262 Items that may be reclassified subsequently to profit or loss: Net changes in revaluation of financial assets measured at fair value through other comprehensive income: Amount incurred during the year — — — Reclassification to profit or loss — — — Net changes — — — Exchange differences on translating foreign operations: Amount incurred during the year 7,923 3 7,926 Reclassification to profit or loss 141 (3 ) 138 Net changes 8,064 — 8,064 Share of other comprehensive income of investments accounted for using the equity method: Amount incurred during the year (24,158 ) 1,428 (22,730 ) Reclassification to profit or loss 100 (14 ) 86 Net changes (24,058 ) 1,414 (22,644 ) Total other comprehensive income ¥ 112,014 ¥ (42,471 ) ¥ 69,543 For the year ended March 31, 2018 Yen (millions) Before-tax Tax benefit Net-of-tax Items that will not be reclassified to profit or loss: Remeasurements of defined benefit plans: Amount incurred during the year ¥ 47,383 ¥ (34,039 ) ¥ 13,344 Net changes 47,383 (34,039 ) 13,344 Net changes in revaluation of financial assets measured at fair value through other comprehensive income: Amount incurred during the year 20,020 (732 ) 19,288 Net changes 20,020 (732 ) 19,288 Share of other comprehensive income of investments accounted for using the equity method: Amount incurred during the year 1,729 (41 ) 1,688 Net changes 1,729 (41 ) 1,688 Items that may be reclassified subsequently to profit or loss: Net changes in revaluation of financial assets measured at fair value through other comprehensive income: Amount incurred during the year — — — Reclassification to profit or loss — — — Net changes — — — Exchange differences on translating foreign operations: Amount incurred during the year (204,372 ) (4 ) (204,376 ) Reclassification to profit or loss 188 4 192 Net changes (204,184 ) — (204,184 ) Share of other comprehensive income of investments accounted for using the equity method: Amount incurred during the year 12,266 (521 ) 11,745 Reclassification to profit or loss (1,155 ) 30 (1,125 ) Net changes 11,111 (491 ) 10,620 Total other comprehensive income ¥ (123,941 ) ¥ (35,303 ) ¥ (159,244 ) For the year ended March 31, 2019 Yen (millions) Before-tax Tax benefit Net-of-tax Items that will not be reclassified to profit or loss: Remeasurements of defined benefit plans: Amount incurred during the year ¥ (25,538 ) ¥ 1,793 ¥ (23,745 ) Net changes (25,538 ) 1,793 (23,745 ) Net changes in revaluation of financial assets measured at fair value through other comprehensive income: Amount incurred during the year (34,898 ) 10,852 (24,046 ) Net changes (34,898 ) 10,852 (24,046 ) Share of other comprehensive income of investments accounted for using the equity method: Amount incurred during the year (3,029 ) 192 (2,837 ) Net changes (3,029 ) 192 (2,837 ) Items that may be reclassified subsequently to profit or loss: Net changes in revaluation of financial assets measured at fair value through other comprehensive income: Amount incurred during the year 378 (55 ) 323 Reclassification to profit or loss (88 ) (7 ) (95 ) Net changes 290 (62 ) 228 Exchange differences on translating foreign operations: Amount incurred during the year 97,122 (443 ) 96,679 Reclassification to profit or loss (1,554 ) 443 (1,111 ) Net changes 95,568 — 95,568 Share of other comprehensive income of investments accounted for using the equity method: Amount incurred during the year (19,793 ) 946 (18,847 ) Reclassification to profit or loss — — — Net changes (19,793 ) 946 (18,847 ) Total other comprehensive income ¥ 12,600 ¥ 13,721 ¥ 26,321 The components of other comprehensive income included in non-controlling Yen (millions) 2017 2018 2019 Items that will not be reclassified to profit or loss: Remeasurements of defined benefit plans ¥ (4,413 ) ¥ 1,534 ¥ (338 ) Net changes in revaluation of financial assets measured at fair value through other comprehensive income 9 6 17 Items that may be reclassified subsequently to profit or loss: Exchange differences on translating foreign operations (5,563 ) (992 ) (651 ) Total ¥ (9,967 ) ¥ 548 ¥ (972 ) (g) Dividends from Retained Earnings The Company distributes retained earnings within the available amount calculated in accordance with the Companies Act of Japan. The amount of retained earnings available for distribution is calculated based on the amount of retained earnings recorded in the Company’s non-consolidated The amounts recognized as dividends of retained earnings for the years ended March 31, 2017, 2018 and 2019 are as follows: 1) Dividend payout For the year ended March 31, 2017 Resolution The Ordinary General Meeting of Shareholders on June 16, 2016 Type of shares Common shares Total amount of dividends (millions of yen) 39,650 Dividend per share (yen) 22.00 Record date March 31, 2016 Effective date June 17, 2016 Resolution The Board of Directors Meeting on August 2, 2016 Type of shares Common shares Total amount of dividends (millions of yen) 39,650 Dividend per share (yen) 22.00 Record date June 30, 2016 Effective date August 25, 2016 Resolution The Board of Directors Meeting on October 31, 2016 Type of shares Common shares Total amount of dividends (millions of yen) 39,650 Dividend per share (yen) 22.00 Record date September 30, 2016 Effective date November 29, 2016 Resolution The Board of Directors Meeting on February 3, 2017 Type of shares Common shares Total amount of dividends (millions of yen) 43,254 Dividend per share (yen) 24.00 Record date December 31, 2016 Effective date February 28, 2017 For the year ended March 31, 2018 Resolution The Ordinary General Meeting of Shareholders on June 15, 2017 Type of shares Common shares Total amount of dividends (millions of yen) 43,254 Dividend per share (yen) 24.00 Record date March 31, 2017 Effective date June 16, 2017 Resolution The Board of Directors Meeting on August 1, 2017 Type of shares Common shares Total amount of dividends (millions of yen) 43,254 Dividend per share (yen) 24.00 Record date June 30, 2017 Effective date August 25, 2017 Resolution The Board of Directors Meeting on November 1, 2017 Type of shares Common shares Total amount of dividends (millions of yen) 43,254 Dividend per share (yen) 24.00 Record date September 30, 2017 Effective date November 29, 2017 Resolution The Board of Directors Meeting on February 2, 2018 Type of shares Common shares Total amount of dividends (millions of yen) 44,456 Dividend per share (yen) 25.00 Record date December 31, 2017 Effective date February 28, 2018 For the year ended March 31, 2019 Resolution The Board of Directors Meeting on April 27, 2018 Type of shares Common shares Total amount of dividends (millions of yen) 48,013 Dividend per share (yen) 27.00 Record date March 31, 2018 Effective date May 30, 2018 Resolution The Board of Directors Meeting on July 31, 2018 Type of shares Common shares Total amount of dividends (millions of yen) 47,682 Dividend per share (yen) 27.00 Record date June 30, 2018 Effective date August 28, 2018 Resolution The Board of Directors Meeting on October 30, 2018 Type of shares Common shares Total amount of dividends (millions of yen) 49,287 Dividend per share (yen) 28.00 Record date September 30, 2018 Effective date November 28, 2018 Resolution The Board of Directors Meeting on February 1, 2019 Type of shares Common shares Total amount of dividends (millions of yen) 49,287 Dividend per share (yen) 28.00 Record date December 31, 2018 Effective date February 28, 2019 2) Dividends payable of which record date was in the year ended March 31, 2019, effective after the period Resolution The Board of Directors Meeting on May 8, 2019 Type of shares Common shares Resource for dividend Retained earnings Total amount of dividends (millions of yen) 49,287 Dividend per share (yen) 28.00 Record date March 31, 2019 Effective date June 3, 2019 |
Sales Revenue
Sales Revenue | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Sales Revenue | (20) Sales Revenue (a) Disaggregation of revenue As stated in note 4, Honda has four reportable segments: Motorcycle business, Automobile business, Financial services business and Power product and other businesses. The sales revenue disaggregated by geographical markets based on the location of the customer and the reconciliation of the disaggregated sales revenue with the four reportable segments for the year ended March 31, 2019 are as follows: For the year ended March 31, 2019 Yen (millions) Motorcycle Automobile Financial Power Total Revenue arising from contracts with customers Japan ¥ 79,297 ¥ 1,590,032 ¥ 86,437 ¥ 87,503 ¥ 1,843,269 North America 188,022 6,163,120 1,013,987 135,277 7,500,406 Europe 159,645 427,347 — 60,993 647,985 Asia 1,372,583 2,359,557 33 46,402 3,778,575 Other Regions 297,757 521,124 — 20,608 839,489 Total ¥ 2,097,304 ¥ 11,061,180 ¥ 1,100,457 ¥ 350,783 ¥ 14,609,724 Revenue arising from the other sources* 2,851 10,937 1,264,898 207 1,278,893 Total ¥ 2,100,155 ¥ 11,072,117 ¥ 2,365,355 ¥ 350,990 ¥ 15,888,617 Explanatory note: * Revenue arising from the other sources primarily includes lease revenues recognized under IAS 17 and interest recognized under IFRS 9. (b) Contract balances The receivables from contracts with customers and contract liabilities for the year ended March 31, 2019 are as follows: Yen (millions) As of April 1, 2018 As of March 31, 2019 Receivables from contracts with customers: Trade receivables ¥ 690,061 ¥ 707,337 Contract liabilities: Other current liabilities 241,595 214,888 Other noncurrent liabilities 156,355 165,722 The amount of revenue recognized for the year ended March 31, 2019 that was included in the contract liability balance at the beginning of the year is ¥212,303 million. The amount of revenue recognized for the year ended March 31, 2019 from performance obligations satisfied (or partially satisfied) in previous years was immaterial. In addition, the balance of contract assets is immaterial. (c) Transaction price allocated to the remaining performance obligation The revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of March 31, 2019 is as follows: Yen (millions) 2019 Within 1 year ¥ 103,734 Between 1 and 5 years 185,456 Later than 5 years 12,791 Total ¥ 301,981 The table does not include the remaining performance obligations that have original expected durations of one year or less and estimated amounts of variable consideration that are constrained from being recognized as revenue. (d) Assets recognized from the costs to obtain or fulfill a contract with a customer The assets recognized from the costs to obtain a contract with a customer as of March 31, 2019 are as follows. Yen (millions) 2019 Assets recognized from the costs to obtain a contract with a customer ¥ 105,471 Honda recognizes the incremental costs of obtaining a contract with a customer and the costs incurred in fulfilling a contract with a customer that are directly associated with the contract as an asset, if those costs are expected to be recoverable. The incremental costs of obtaining a contract are those costs that an entity incurs to obtain a contract with a customer that it would not have incurred if the contract had not been obtained. The assets recognized from the costs to obtain a contract are presented in the consolidated statement of financial position mainly as other non-current assets and are amortized over the period for which the services based on a contract are provided. The amount of assets recognized from the costs to fulfill a contract is not material. The amount of amortization of the assets for the year ended March 31, 2019 is ¥35,057 million. |
Research and Development
Research and Development | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Research and Development | (21) Research and Development Research and development costs for the years ended March 31, 2017, 2018 and 2019 consist of the following: Yen (millions) 2017 2018 2019 Research and development expenditures incurred during the reporting period ¥ 659,918 ¥ 730,734 ¥ 820,037 Amount capitalized (121,037 ) (132,800 ) (161,232 ) Amortization of capitalized development costs 152,548 153,922 148,100 Total ¥ 691,429 ¥ 751,856 ¥ 806,905 |
Finance Income and Finance Cost
Finance Income and Finance Costs | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Finance Income and Finance Costs | (22) Finance Income and Finance Costs Finance income and finance costs for the years ended March 31, 2017, 2018 and 2019 consist of the following: Yen (millions) 2017 2018 2019 Interest income: Financial assets measured at amortized cost ¥ 31,331 ¥ 39,645 ¥ 46,862 Financial assets measured at fair value through other comprehensive income — — 323 Financial assets measured at fair value through profit or loss 1,058 1,546 1,433 Total 32,389 41,191 48,618 Interest expense: Financial liabilities measured at amortized cost (12,471 ) (12,970 ) (13,217 ) Other, net: Dividends received: Financial assets measured at fair value through other comprehensive income 4,922 4,708 5,056 Financial assets measured at fair value through profit or loss 11 15 21 Gains (losses) on derivatives: Financial assets and financial liabilities measured at fair value through profit or loss (51,416 ) 67,132 (54,897 ) Gains (losses) on foreign exchange 21,902 (69,197 ) 31,266 Other 6,145 2,893 7,331 Total (18,436 ) 5,551 (11,223 ) Total ¥ 1,482 ¥ 33,772 ¥ 24,178 |
Income Taxes
Income Taxes | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Income Taxes | (23) Income Taxes (a) Income Tax Expense Profit before income taxes and income tax expense for the years ended March 31, 2017, 2018 and 2019 consist of the following: Yen (millions) 2017 2018 2019 Japan Foreign Total Japan Foreign Total Japan Foreign Total Profit (loss) before income taxes ¥ 88,336 ¥ 918,650 ¥ 1,006,986 ¥ 126,915 ¥ 988,058 ¥ 1,114,973 ¥ 70,805 ¥ 908,570 ¥ 979,375 Income tax expense (benefit): Current taxes 9,072 187,077 196,149 (2,956 ) 280,316 277,360 32,937 183,828 216,765 Deferred taxes 21,425 110,018 131,443 25,149 (316,175 ) (291,026 ) 58,121 28,203 86,324 Total ¥ 30,497 ¥ 297,095 ¥ 327,592 ¥ 22,193 ¥ (35,859 ) ¥ (13,666 ) ¥ 91,058 ¥ 212,031 ¥ 303,089 The amount of write-down of deferred tax assets included in income tax expense (deferred taxes) for the year ended March 2019 is ¥50,322 million. The statutory income tax rate in Japan for the years ended March 31, 2017, 2018 and 2019 was 30.4%, 30.4% and 30.2%, respectively. The foreign subsidiaries are subject to taxes based on income at rates ranging from 16.0% to 35.0%. The Japanese statutory income tax rate for the years ended March 31, 2017, 2018 and 2019 differs from the average effective tax rate for the following reasons: 2017 2018 2019 Statutory income tax rate 30.4 % 30.4 % 30.2 % Difference in statutory income tax rates of foreign subsidiaries 0.0 (1.1 ) (4.3 ) Effects of investments accounted for using the equity method (4.9 ) (6.7 ) (7.1 ) Effects of undistributed earnings and withholding taxes on royalty 6.1 7.0 7.7 Changes in unrecognized deferred tax assets 2.7 (0.2 ) 8.3 Effects of income and expense not taxable and deductible for tax purpose 0.2 0.1 0.2 Effects of tax credit (1.3 ) (2.1 ) (3.2 ) Other adjustments relating to prior years (0.2 ) 0.3 (0.1 ) Adjustments for the uncertain tax positions on income taxes 0.3 0.7 0.8 Adjustments for the changes in income tax laws* (0.1 ) (30.1 ) (2.5 ) Other (0.7 ) 0.5 0.9 Average effective tax rate 32.5 % (1.2 )% 30.9 % Explanatory note: * The Tax Cuts and Jobs Act (“the Act”) was enacted in the United States on December 22, 2017. Due to the Act, the federal corporate income tax rate in the United States applicable to the Company’s United States businesses was reduced from 35% to a blended rate of 31.55% for the fiscal year ended March 31, 2018 and to 21% from the fiscal year commencing on April 1, 2018. The Company recognized impacts of the enactment of the Act, including a decrease in income tax expenses of ¥346,129 million, as a result of reevaluating deferred tax assets and liabilities in its consolidated subsidiaries in the United States based on the reduced federal corporate income tax rate, for the fiscal year ended March 31, 2018. (b) Deferred Tax Assets and Deferred Tax Liabilities The components by major factor in deferred tax assets and deferred tax liabilities as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Deferred tax assets: Inventories ¥ 66,801 ¥ 39,044 Accrued expenses 67,410 75,378 Provisions 121,898 101,780 Property, plant and equipment 26,803 18,462 Intangible assets 19,167 22,776 Retirement benefit liabilities 92,272 95,324 Carryforward of unused tax losses 36,732 54,817 Carryforward of unused tax credit 33,743 43,130 Other 126,079 124,588 Total ¥ 590,905 ¥ 575,299 Deferred tax liabilities: Property, plant and equipment ¥ 85,606 ¥ 81,472 Intangible assets 177,899 180,607 Other financial assets 42,886 21,720 Finance leases 33,878 41,050 Operating leases 641,134 718,981 Undistributed earnings 58,630 58,112 Other 51,256 50,450 Total ¥ 1,091,289 ¥ 1,152,392 Net deferred tax assets (liabilities) ¥ (500,384 ) ¥ (577,093 ) The changes in deferred tax assets and deferred tax liabilities recognized as income tax expense in the consolidated statements of income for the years ended March 31, 2017, 2018 and 2019 are as follows: Yen (millions) 2017 2018 2019 Inventories ¥ 7,886 ¥ 5,541 ¥ 28,022 Provisions 49,864 45,492 20,711 Property, plant and equipment 19,551 (27,520 ) (499 ) Retirement benefit liabilities 16,212 (623 ) 3,237 Operating leases 83,414 (328,950 ) 49,142 Undistributed earnings (3,704 ) 12,655 215 Carryforward of unused tax losses (13,346 ) 9,226 (19,335 ) Carryforward of unused tax credit (6,394 ) (10,300 ) (8,038 ) Other (22,040 ) 3,453 12,869 Total ¥ 131,443 ¥ (291,026 ) ¥ 86,324 Honda considers the probability that a portion of, or all of, the deductible temporary differences, carryforward of unused tax losses and carryforward of unused tax credit can be utilized against future taxable profits in the recognition of deferred tax assets. In assessing recoverability of deferred tax assets, management considers the scheduled reversal of deferred tax liabilities, projected future taxable profit and tax planning strategies. Based upon the level of historical taxable profit and projections for future taxable profit over the periods for which the deferred tax assets are deductible, management believes it is probable that Honda will utilize the benefits of these deferred tax assets as of March 31, 2018 and 2019. Uncertainty of estimates of future taxable profit could increase due to changes in the economic environment surrounding Honda, effects by market conditions, effects of currency fluctuations or other factors. Deferred tax assets recognized by entities that have suffered a loss in either the preceding or current period are ¥21,911 million and ¥57,410 million as of March 31, 2018 and 2019, respectively. Deductible temporary differences, carryforward of unused tax losses and carryforward of unused tax credit for which deferred tax assets are not recognized as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Deductible temporary differences ¥ 301,349 ¥ 560,738 Carryforward of unused tax losses 218,783 261,294 Carryforward of unused tax credit 6,202 3,850 The components by expiry of the carryforward of unused tax losses for which deferred tax assets are not recognized as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Within 1 year ¥ 3,755 ¥ 8,759 Between 1 and 5 years 86,277 67,352 Between 5 and 20 years 56,605 101,953 Indefinite periods 72,146 83,230 Total ¥ 218,783 ¥ 261,294 The components by expiry of the carryforward of unused tax credit for which deferred tax assets are not recognized as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Within 1 year ¥ 541 ¥ 570 Between 1 and 5 years 1,727 1,422 Between 5 and 20 years 3,934 1,858 Indefinite periods — — Total ¥ 6,202 ¥ 3,850 The aggregate amounts of temporary differences relating to investments in subsidiaries and interests in joint ventures for which deferred tax liabilities are not recognized as of March 31, 2018 and 2019 are ¥4,709,772 million and ¥4,908,449 million, respectively. |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Earnings Per Share | 24) Earnings Per Share Earnings per share attributable to owners of the parent for the years ended March 31, 2017, 2018 and 2019 are calculated based on the following information. There were no dilutive potential common shares outstanding for the years ended March 31, 2017, 2018 and 2019. 2017 2018 2019 Profit for the year attributable to owners of the parent (millions of yen) ¥ 616,569 ¥ 1,059,337 ¥ 610,316 Weighted average number of common shares outstanding, basic (shares) 1,802,282,093 1,793,088,970 1,763,983,221 Basic earnings per share attributable to owners of the parent (yen) ¥ 342.10 ¥ 590.79 ¥ 345.99 |
Financial Risk Management
Financial Risk Management | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Financial Risk Management | (25) Financial Risk Management (a) Risk Management Honda has manufacturing operations throughout the world and sells products and components to various countries. In the course of these activities, Honda holds trade receivables arising from business activities, receivables from financial services, trade payables and financing liabilities, and is thus exposed to market risk, credit risk and liquidity risk associated with the holding of such financial instruments. These risks are evaluated by Honda through periodic monitoring. (b) Market Risk Honda is exposed to the risk that the fair value or future cash flows of a financial instrument fluctuates because of changes in foreign currency exchange rates and interest rates. Honda uses derivatives that consist mainly of foreign currency forward exchange contracts, foreign currency option contracts, currency swap agreements and interest rate swap agreements to reduce primarily the risk that future cash flows of a financial instrument fluctuates because of changes in foreign currency exchange rates and interest rates. Derivatives are used within the scope of actual demand, in accordance with risk management policies. In addition, Honda does not hold any derivatives for trading purpose. 1) Foreign currency exchange rate risk Honda has manufacturing operations throughout the world and exports products and components to various countries. Honda purchases materials and components and sells its products and components in foreign currencies. Therefore, currency fluctuations may affect Honda’s profit and the value of the financial instruments it holds. Foreign currency forward exchange contracts and foreign currency option contracts are used to hedge currency risk of transactions denominated in foreign currencies (principally U.S. dollars). (Foreign currency exchange rate risk sensitivity analysis) Sensitivity analysis of Honda’s foreign currency exchange rate risk associated with holding financial instruments as of March 31, 2018 and 2019 is as follows. The following scenario demonstrates the impact of a 1% appreciation of the Japanese yen against the U.S. dollar on profit before income taxes, holding all variables other than the foreign currency exchange rate constant. Yen (millions) 2018 2019 Impact on profit before income taxes ¥ (829) ¥ (777) 2) Interest rate risk Honda is exposed to market risk for changes in interest rates related primarily to its debt obligations and receivables from financial services. In addition to short-term financing such as commercial paper, Honda has long-term debt with both fixed and floating rates. Honda’s receivables from financial services primarily use fixed rates. Interest rate swap agreements are mainly used to manage interest rate risk exposure of receivables from financial services and to match finance costs with finance income. Currency swap agreements used among different currencies, also serve to hedge foreign currency exchange risk as well as interest rate risk. (Interest rate risk sensitivity analysis) Sensitivity analysis of Honda’s interest rate risk associated with holding financial instruments as of March 31, 2018 and 2019 is as follows. The following scenario demonstrates the impact of a 100 basis point rise in interest rates on profit before income taxes, holding all variables other than interest rates constant. Yen (millions) 2018 2019 Impact on profit before income taxes ¥ (1,569) ¥ (1,915) 3) Equity price risk Honda is exposed to equity price risk as a result of its holdings of marketable equity securities. Marketable equity securities are held for purposes other than trading, and are mainly classified into financial assets measured at fair value through other comprehensive income. (c) Credit Risk Honda is exposed to the risk that one party to a financial instrument causes a financial loss for the other party by failing to discharge an obligation. Honda reduces the risk of financial assets other than derivatives in accordance with credit administration rules. Honda reduces the risk of derivatives by limiting the counterparties to major international banks and financial institutions that meet the internally established credit guidelines. The credit risk is mainly in receivables from financial services. Credit risk of the portfolio of consumer finance receivables can be affected by general economic conditions. Adverse changes such as a rise in unemployment can increase the likelihood of defaults. Declines in used vehicle prices can reduce the amount of recoveries on repossessed collaterals. The finance subsidiaries of the Company manage exposures to credit risk in consumer finance receivables by monitoring and adjusting underwriting standards, which affect the level of credit risk that Honda assumes, pricing contracts for expected losses, and focusing collection efforts to minimize losses. Credit risk on dealer finance receivables is affected primarily by the financial strength of the dealers within the portfolio, the value of collateral securing the financings, and economic and market factors that could affect the creditworthiness of dealers. The finance subsidiaries of the Company manage exposures to credit risk in dealer finance receivables by performing comprehensive reviews of dealers prior to establishing financing arrangements and continuously monitoring the payment performance and creditworthiness of these dealers. Honda has entered into various guarantee agreements, which mainly consist of loan commitments to dealers and guarantees of bank loans of employees for their housing costs. The finance subsidiaries of the Company maintain unused balances on committed lines to dealers based on loan commitment contracts. Although committed lines have been extended, they will not necessarily be withdrawn, as certain contracts contain terms and conditions of withdrawal that require screening of the obligor’s credit standing. There is risk that dealers fail to discharge withdrawn committed lines and cause financial loss for Honda. Regarding the bank loans of employees for their housing costs, if an employee defaults on his/her loan payments, Honda is required to perform under the guarantee. As of March 31, 2019, no amount has been accrued for any estimated losses under the obligations, as it is probable that the employees will be able to make all scheduled payments. 1) Credit risk exposure The analysis of the age of receivables from financial services that are past due as of March 31, 2018 and 2019 is as follows: Yen (millions) As of March 31, 2018 Less than 30 days 30-59 days 60-89 days 90 days and Total Consumer finance receivables: Retail ¥ 174,649 ¥ 29,692 ¥ 5,683 ¥ 3,930 ¥ 213,954 Finance lease 858 218 41 93 1,210 Dealer finance receivables: Wholesale 16,843 858 103 79 17,883 Total ¥ 192,350 ¥ 30,768 ¥ 5,827 ¥ 4,102 ¥ 233,047 Yen (millions) As of March 31, 2019 Less than 30 days 30-59 days 60-89 days 90 days and Total Consumer finance receivables: Retail ¥ 204,475 ¥ 35,706 ¥ 7,572 ¥ 6,070 ¥ 253,823 Finance lease 349 108 26 198 681 Dealer finance receivables: Wholesale 21,509 7,407 92 3,858 32,866 Total ¥ 226,333 ¥ 43,221 ¥ 7,690 ¥ 10,126 ¥ 287,370 Dealerships are assigned an internal risk rating based primarily on their financial condition. At a minimum, risk ratings for dealerships are updated annually and more frequently for dealerships with weaker risk ratings. The following table shows the balances of dealer finance receivables and loan commitments classified into Group A or B based on the internal risk ratings. Group A includes the dealer finance receivables and loan commitments of dealerships with high credit quality characteristics. Group B includes the dealer finance receivables and loan commitments of remaining dealerships. The balances of dealer finance receivables and the undiscounted maximum amounts of potential payment for loan commitments by this risk rating as of March 31, 2019 are as follows: Yen (millions) 12-month ECL Lifetime ECL Total As of March 31, 2019 Not credit-impaired Credit-impaired Dealer finance receivables: Group A ¥ 469,877 ¥ 9,224 ¥ — ¥ 479,101 Group B 202,993 13,223 16,897 233,113 Total ¥ 672,870 ¥ 22,447 ¥ 16,897 ¥ 712,214 Loan commitments: Group A ¥ 46,962 ¥ — ¥ — ¥ 46,962 Group B 10,479 — — 10,479 Total ¥ 57,441 ¥ — ¥ — ¥ 57,441 The undiscounted maximum amount of potential payment for guarantees of bank loans of employees for their housing costs as of March 31, 2019 is ¥11,953 million. 2) Collateral held as security The finance subsidiaries of the Company generally hold sold products as collateral for consumer finance receivables. The finance subsidiaries of the Company hold the dealerships’ other assets as collateral in addition to sold products for dealer finance receivables. The extent to which collateral mitigates credit risk is dependent on the value of collateral relative to the outstanding receivables balance at the time of repossession. The estimated fair value of collateral for credit-impaired consumer finance receivables is approximately 60% of the carrying amounts and that for dealer finance receivables is approximately 90% of the carrying amounts as of March 31, 2019, excluding collateral values in excess of carrying amounts. The extent to which collateral mitigates credit risk is also dependent on finance subsidiaries’ ability to take possession of the collateral. (d) Liquidity Risk Honda raises funds by commercial paper, bank loans, medium-term notes, corporate bonds and securitization of finance receivables. Honda is exposed to the liquidity risk that Honda would not be able to repay liabilities on the due date due to the deterioration of the financing environment. Exposure to liquidity risk is managed by maintaining sufficient capital resources, a sufficient level of liquidity and a sound balance sheet. Honda meets its working capital targets primarily through cash generated by business operations and bank loans. Honda funds financial programs for customers and dealers primarily from commercial paper, bank loans, medium-term notes, corporate bonds and securitization of finance receivables. The unused portions of the credit facility of Honda’s commercial paper and medium-term note programs as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Commercial paper ¥ 660,740 ¥ 602,243 Medium-term notes 1,923,587 1,229,911 Total ¥ 2,584,327 ¥ 1,832,154 Honda is authorized to obtain financing at prevailing interest rates under these programs. Honda is aware of the possibility that various factors, such as recession-induced market contraction and financial and foreign exchange market volatility may adversely affect liquidity. For this reason, Honda has sufficient committed lines of credit that serve as alternative liquidity for the commercial paper issued regularly to replace debt. The unused portions of the committed lines of credit extended by financial institutions to Honda as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Commercial paper programs ¥ 1,047,551 ¥ 1,080,503 Other 59,502 58,199 Total ¥ 1,107,053 ¥ 1,138,702 Borrowings under those committed lines of credit generally are available at the prime interest rate. Maturity analysis of financial liabilities 1) Non-derivative Non-derivative Yen (millions) As of March 31, 2018 Carrying amount Within 1 year Between Later than Total contractual Trade payables ¥ 1,224,627 ¥ 1,224,627 ¥ — ¥ — ¥ 1,224,627 Financing liabilities 6,799,010 3,030,934 3,784,440 283,459 7,098,833 Accrued expenses 404,719 404,719 — — 404,719 Other financial liabilities 122,624 66,457 32,380 24,498 123,335 Total ¥ 8,550,980 ¥ 4,726,737 ¥ 3,816,820 ¥ 307,957 ¥ 8,851,514 Yen (millions) As of March 31, 2019 Carrying amount Within 1 year Between Later than Total contractual Trade payables ¥ 1,184,882 ¥ 1,184,882 ¥ — ¥ — ¥ 1,184,882 Financing liabilities 7,331,120 3,321,576 4,089,215 239,638 7,650,429 Accrued expenses 476,300 476,300 — — 476,300 Other financial liabilities 127,108 66,240 29,615 31,416 127,271 Total ¥ 9,119,410 ¥ 5,048,998 ¥ 4,118,830 ¥ 271,054 ¥ 9,438,882 2) Derivative financial liabilities Derivative financial liabilities by maturity as of March 31, 2018 and 2019 are as follows: Yen (millions) As of March 31, 2018 Within 1 year Between 1 and 5 years Later than 5 years Total contractual Derivative financial liabilities ¥ 17,162 ¥ 42,529 ¥ 3,057 ¥ 62,748 Yen (millions) As of March 31, 2019 Within 1 year Between 1 and 5 years Later than 5 years Total contractual Derivative financial liabilities ¥ 41,518 ¥ 49,513 ¥ 1,609 ¥ 92,640 |
Fair Value
Fair Value | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Fair Value | (26) Fair Value (a) Definition of Fair Value Hierarchy Honda uses a three-level hierarchy when measuring fair value. The following is a description of the three hierarchy levels: Level 1 Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access as of the measurement date Level 2 Inputs other than quoted prices included within Level 1 that are observable for the assets or liabilities, either directly or indirectly Level 3 Unobservable inputs for the assets or liabilities The level in the fair value hierarchy within which a fair value measurement in its entirety falls is based on the lowest input that is significant to the fair value measurement in its entirety. Honda recognizes the transfers between the levels of the fair value hierarchy at the end of the reporting period during which the change has occurred. (b) Method of Fair Value Measurement The fair values of assets and liabilities are determined based on relevant market information and through the use of an appropriate valuation method. The measurement methods and assumptions used in the measurement of assets and liabilities are as follows: (Cash and cash equivalents, trade receivables and trade payables) The fair values approximate their carrying amounts due to their short-term maturities. (Receivables from financial services) The fair value of receivables from financial services is measured primarily by discounting future cash flows using the current interest rates applicable for these receivables of similar remaining maturities. Fair value measurement for receivables from financial services is classified as Level 3. (Debt securities) Debt securities consist mainly of mutual funds, corporate bonds, local bonds and auction rate securities. The fair value of mutual funds with an active market is measured by using quoted market prices. Fair value measurement for mutual funds with an active market is classified as Level 1. The fair values of corporate bonds and local bonds are measured based on proprietary pricing models provided by specialists and/or market makers and the models obtain a wide array of market observable inputs such as credit ratings and discount rates. Fair value measurements for corporate bonds and local bonds are classified as Level 2. The subsidiary’s auction rate securities are A to AAA rated and are insured by qualified guarantee agencies, and reinsured by the Secretary of Education and the United States government, and guaranteed at approximately 95% by the United States government. To measure fair value of auction rate securities, Honda uses a third-party-developed valuation model which obtains a wide array of market observable inputs, as well as unobservable inputs including probability of passing or failing auction at each auction. Fair value measurement for auction rate securities is classified as Level 3. (Equity securities) The fair value of equity securities with an active market is measured by using quoted market prices. Fair value measurement for equity securities with an active market is classified as Level 1. The fair value of equity securities with no active market is measured mainly by using the comparable company valuation method and other appropriate valuation methods. Fair value measurement for equity securities with no active market is classified as Level 3. In addition, in the case that cost represents the best estimate of fair value, fair value for the equity securities with no active market is measured at cost. Price book-value ratio (PBR) of a comparable company are used as a significant unobservable input in the fair value measurement of equity securities classified as Level 3. The fair value increases (decreases) as PBR of a comparable company rise (decline). Such fair value measurements are conducted in accordance with the group accounting policy approved by the appropriate person of authority and based upon valuation methods determined by personnel in accounting divisions of Honda. (Derivatives) Derivatives consist mainly of foreign currency forward exchange contracts, foreign currency option contracts, currency swap agreements and interest rate swap agreements. The fair values of foreign currency forward exchange contracts and foreign currency option contracts are measured by using market observable inputs such as spot exchange rates, discount rates and implied volatility. The fair values of currency swap agreements and interest rate swap agreements are measured by discounting future cash flows using market observable inputs such as LIBOR rates, swap rates, and foreign exchange rates. Fair value measurements for these derivatives are classified as Level 2. The credit risk of the counterparties is considered in the valuation of derivatives. (Financing liabilities) The fair value of financing liabilities is measured by discounting future cash flows using interest rates currently available for liabilities of similar terms and remaining maturities. Fair value measurement of financing liabilities is mainly classified as Level 2. (c) Assets and Liabilities Measured at Fair Value on a recurring basis Assets and liabilities measured at fair value on a recurring basis as of March 31, 2018 and 2019 consist of the following: Yen (millions) As of March 31, 2018 Level 1 Level 2 Level 3 Total Other financial assets: Financial assets measured at fair value through profit or loss: Derivatives Foreign exchange instruments ¥ — ¥ 38,926 ¥ — ¥ 38,926 Interest rate instruments — 49,419 — 49,419 Total — 88,345 — 88,345 Debt securities 26,763 37,860 5,206 69,829 Financial assets measured at fair value through other comprehensive income: Debt securities — — — — Equity securities 198,011 — 12,671 210,682 Total ¥ 224,774 ¥ 126,205 ¥ 17,877 ¥ 368,856 Other financial liabilities: Financial liabilities measured at fair value through profit or loss: Derivatives Foreign exchange instruments ¥ — ¥ 16,417 ¥ — ¥ 16,417 Interest rate instruments — 36,369 — 36,369 Total — 52,786 — 52,786 Total ¥ — ¥ 52,786 ¥ — ¥ 52,786 There were no transfers between Level 1 and Level 2 for the year ended March 31, 2018. Yen (millions) As of March 31, 2019 Level 1 Level 2 Level 3 Total Other financial assets: Financial assets measured at fair value through profit or loss: Derivatives Foreign exchange instruments ¥ — ¥ 12,233 ¥ — ¥ 12,233 Interest rate instruments — 34,164 — 34,164 Total — 46,397 — 46,397 Debt securities 21,090 31,551 5,439 58,080 Financial assets measured at fair value through other comprehensive income: Debt securities — 10,495 — 10,495 Equity securities 108,879 — 98,156 207,035 Total ¥ 129,969 ¥ 88,443 ¥ 103,595 ¥ 322,007 Other financial liabilities: Financial liabilities measured at fair value through profit or loss: Derivatives Foreign exchange instruments ¥ — ¥ 35,449 ¥ — ¥ 35,449 Interest rate instruments — 34,042 — 34,042 Total — 69,491 — 69,491 Total ¥ — ¥ 69,491 ¥ — ¥ 69,491 There were no transfers between Level 1 and Level 2 for the year ended March 31, 2019. The changes in Level 3 assets and liabilities measured at fair value on a recurring basis for the years ended March 31, 2018 and 2019 are as follows: Yen (millions) For the year ended March 31, 2018 Debt securities Equity securities Balance as of April 1, 2017 ¥ 5,610 ¥ 11,318 Total gains or losses: Profit or loss 111 — Other comprehensive income — (323 ) Purchases — 1,833 Sales (222 ) (107 ) Exchange differences on translating foreign operations (293 ) (50 ) Balance as of March 31, 2018 ¥ 5,206 ¥ 12,671 Unrealized gains or losses included in profit or loss on assets held at March 31, 2018 ¥ 111 ¥ — Yen (millions) For the year ended March 31, 2019 Debt securities Equity securities Balance as of April 1, 2018 ¥ 5,206 ¥ 12,671 Total gains or losses: Profit or loss (42 ) — Other comprehensive income — (3,824 ) Purchases — 89,651 Sales — (295 ) Exchange differences on translating foreign operations 275 (47 ) Balance as of March 31, 2019 ¥ 5,439 ¥ 98,156 Unrealized gains or losses included in profit or loss on assets held at March 31, 2019 ¥ (42 ) ¥ — Explanatory notes: 1. Gains or losses included in profit or loss for the years ended March 31, 2018 and 2019 are included in other, net in finance income and finance costs in the consolidated statements of income. 2. Gains or losses on equity securities included in other comprehensive income for the years ended March 31, 2018 and 2019 are included in net changes in revaluation of financial assets measured at fair value through other comprehensive income under items that will not be reclassified to profit or loss in the consolidated statements of comprehensive income. (d) Financial Assets and Financial Liabilities measured at amortized cost The carrying amounts and fair values of financial assets and financial liabilities measured at amortized cost as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Carrying Fair value Carrying Fair value Receivables from financial services ¥ 4,958,063 ¥ 4,935,772 ¥ 5,405,250 ¥ 5,417,297 Debt securities 104,286 104,284 54,964 54,952 Financing liabilities 6,799,010 6,795,675 7,331,120 7,355,632 The table does not include financial assets and financial liabilities measured at amortized cost whose fair values approximate their carrying amounts. |
Offsetting of Financial Assets
Offsetting of Financial Assets and Financial Liabilities | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Offsetting of Financial Assets and Financial Liabilities | (27) Offsetting of Financial Assets and Financial Liabilities The offsetting information regarding financial assets and financial liabilities as of March 31, 2018 and 2019 is as follows: Yen (millions) As of March 31, 2018 Gross amounts of recognized financial assets and financial liabilities Amounts offset in the consolidated statements of financial position Net amounts presented in the consolidated statements of financial position Amounts not offset due to not meeting offsetting criteria despite being subject to a master netting agreement or similar agreement Net Amounts Other financial assets Derivatives ¥ 88,345 ¥ — ¥ 88,345 ¥ (39,415 ) ¥ 48,930 Other financial liabilities Derivatives 52,786 — 52,786 (39,415 ) 13,371 Yen (millions) As of March 31, 2019 Gross amounts of recognized financial assets and financial liabilities Amounts offset in the consolidated statements of financial position Net amounts presented in the consolidated statements of financial position Amounts not offset due to not meeting offsetting criteria despite being subject to a master netting agreement or similar agreement Net Amounts Other financial assets Derivatives ¥ 46,397 ¥ — ¥ 46,397 ¥ (34,407 ) ¥ 11,990 Other financial liabilities Derivatives 69,491 — 69,491 (34,407 ) 35,084 Generally, the set-off |
Commitments and Contingent Liab
Commitments and Contingent Liabilities | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Commitments and Contingent Liabilities | (28) Commitments and Contingent Liabilities (a) Commitments 1) Purchase commitments Commitments for purchases of property, plant and equipment and other commitments as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Commitments for purchases of property, plant and equipment and other commitments ¥ 71,188 ¥ 99,379 2) Non-cancellable Honda is the lessee under several operating leases, primarily for office and other facilities, and certain office equipment. Future minimum lease payments under non-cancelable Yen (millions) 2018 2019 Within 1 year ¥ 17,126 ¥ 23,733 Between 1 and 5 years 35,577 47,556 Later than 5 years 22,784 44,345 Total ¥ 75,487 ¥ 115,634 Lease payments under operating leases recognized as expenses for the years ended March 31, 2017, 2018 and 2019 are as follows: Yen (millions) 2017 2018 2019 Lease payments under operating leases recognized as expenses ¥ 32,030 ¥ 35,180 ¥ 41,529 (b) Claims and Lawsuits Honda is subject to potential liability under various lawsuits and claims. Honda recognizes a provision for loss contingencies when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. Honda reviews these pending lawsuits and claims periodically and adjusts the amounts recognized for these contingent liabilities, if necessary, by considering the nature of lawsuits and claims, the progress of the case and the opinions of legal counsel. With respect to product liability, personal injury claims or lawsuits, Honda believes that any judgment that may be recovered by any plaintiff for general and special damages and court costs will be adequately covered by Honda’s insurance and provision. Punitive damages are claimed in certain of these lawsuits. After consultation with legal counsel, and taking into account all known factors pertaining to existing lawsuits and claims, Honda believes that the ultimate outcome of such lawsuits and pending claims should not result in liability to Honda that would be likely to have an adverse material effect on its consolidated financial position or results of operations. Loss related to airbag inflators Honda has been conducting market-based measures in relation to airbag inflators. Honda recognizes a provision for specific warranty costs when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. There is a possibility that Honda will need to recognize additional provisions when new evidence related to the product recalls arise, however, it is not possible for Honda to reasonably estimate the amount and timing of potential future losses as of the date of this report. In the United States and Canada, various class action lawsuits and civil lawsuits related to the above mentioned market-based measures were filed against Honda. The plaintiffs claimed for properly functioning airbag inflators, compensation of economic losses including incurred costs and the decline in the value of vehicles, as well as punitive damages. Most of the class action lawsuits in the United States were transferred to the United States District Court for the Southern District of Florida and consolidated into a multidistrict class action litigation. For the year ended March 31, 2018, Honda has reached a settlement with the plaintiffs of the multidistrict class action litigation in the United States. Honda recognized the settlement of ¥53,739 million as selling, general and administrative expenses, which includes funds contributed to enhance airbag inflator recall activities. The final approval of the settlement from court was completed as July 31, 2018 (U.S. local time). For the class action lawsuits and civil lawsuits other than the above, Honda did not recognize a provision for loss contingencies because the conditions for a provision have not been met as of the date of this report. Therefore, it is not possible for Honda to reasonably estimate the amount and timing of potential future losses as of the date of this report because there are some uncertainties, such as the period when these lawsuits will be concluded. |
Structured Entities
Structured Entities | 12 Months Ended |
Mar. 31, 2019 | |
Investments accounted for using equity method [abstract] | |
Structured Entities | (29) Structured Entities Honda considers whether its control over structured entities exists under IFRS 10 “Consolidated Financial Statements”. Honda consolidates structured entities over which it has control, by comprehensively determining whether its control over the entity exists based on any contractual arrangements with such entity as well as the percentage of its voting or similar rights in the entity. The finance subsidiaries of the Company periodically securitize finance receivables for liquidity and funding purposes and transfer finance receivables to a trust which is newly established to issue asset-backed securities. The finance subsidiaries of the Company are deemed to have the power to direct the activities of these trusts that most significantly impact the trusts’ economic performance, as they retain servicing rights in all securitizations, and manage delinquencies and defaults of the underlying receivables. Furthermore, the finance subsidiaries of the Company are deemed to have the obligation to absorb losses of these trusts that could potentially be significant to these trusts, as they would absorb the majority of the expected losses of these trusts by retaining certain subordinated interests of these trusts. Therefore, the Company is deemed to have substantial control over these trusts and has consolidated them, as structured entities over which it has control. The creditors of these trusts do not have recourse to the finance subsidiaries’ general credit with the exception of representations and warranties customary in the industry provided by the finance subsidiaries to these trusts. There were no significant unconsolidated structured entities as of March 31, 2018 and 2019. |
Related Parties
Related Parties | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Related Parties | (30) Related Parties (a) Related Party Transactions Honda mainly purchases materials, supplies and services from affiliates and joint ventures, and sells finished goods, parts used in its products, equipment and services to them in the ordinary course of business. Transactions with affiliates and joint ventures are generally made at values that approximate arm’s-length The balances of receivables and payables with affiliates and joint ventures as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Receivables: Affiliates ¥ 21,259 ¥ 22,518 Joint ventures 242,672 237,880 Total ¥ 263,931 ¥ 260,398 Payables: Affiliates ¥ 148,017 ¥ 141,576 Joint ventures 33,351 35,044 Total ¥ 181,368 ¥ 176,620 The amount of the transactions with affiliates and joint ventures for the years ended March 31, 2017, 2018 and 2019 are as follows: Yen (millions) 2017 2018 2019 Sales revenue: Affiliates ¥ 115,188 ¥ 119,725 ¥ 113,814 Joint ventures 598,177 744,435 724,712 Total ¥ 713,365 ¥ 864,160 ¥ 838,526 Purchase: Affiliates ¥ 1,376,581 ¥ 1,407,755 ¥ 1,416,729 Joint ventures 145,161 143,800 135,787 Total ¥ 1,521,742 ¥ 1,551,555 ¥ 1,552,516 (b) Compensation to Key Management Compensation paid to the directors of the Company for the years ended March 31, 2017, 2018 and 2019 are as follows: Yen (millions) 2017 2018 2019 Remuneration ¥ 677 ¥ 719 ¥ 732 Bonus 275 231 172 Stock compensation — — 125 Total ¥ 952 ¥ 950 ¥ 1,029 (c) Major Consolidated Subsidiaries Major consolidated subsidiaries as of March 31, 2019 are as follows: Company Country of Function Percentage Honda R&D Co., Ltd. Japan Research & Development 100.0 Honda Finance Co., Ltd. Japan Finance 100.0 American Honda Motor Co., Inc. U.S.A. Sales 100.0 Honda Aero., Inc. U.S.A. Manufacturing 100.0 Honda North America, Inc. U.S.A. Coordination of Subsidiaries Operation 100.0 Honda of America Mfg., Inc. U.S.A. Manufacturing 100.0 American Honda Finance Corporation U.S.A. Finance 100.0 Honda Aircraft Company, LLC U.S.A. Research & Development, Manufacturing and Sales 100.0 Honda Manufacturing of Alabama, LLC U.S.A. Manufacturing 100.0 Honda Manufacturing of Indiana, LLC U.S.A. Manufacturing 100.0 Honda Transmission Mfg. of America, Inc. U.S.A. Manufacturing 100.0 Honda R&D Americas, Inc. U.S.A. Research & Development 100.0 Honda Canada Inc. Canada Manufacturing and Sales 100.0 Honda Canada Finance Inc. Canada Finance 100.0 Honda de Mexico, S.A. de C.V. Mexico Manufacturing and Sales 100.0 Honda Motor Europe Limited U.K. Coordination of Subsidiaries Operation and Sales 100.0 Honda of the U.K. Manufacturing Ltd. U.K. Manufacturing 100.0 Honda Finance Europe plc U.K. Finance 100.0 Honda Bank GmbH Germany Finance 100.0 Honda Turkiye A.S Turkey Manufacturing and Sales 100.0 Honda Motor (China) Investment Co., Ltd. China Coordination of Subsidiaries Operation and Sales 100.0 Honda Auto Parts Manufacturing Co., Ltd. China Manufacturing 100.0 Honda Motorcycle & Scooter India (Private) Ltd. India Manufacturing and Sales 100.0 Honda Cars India Limited India Manufacturing and Sales 100.0 P.T. Honda Precision Parts Manufacturing Indonesia Manufacturing 100.0 P.T. Honda Prospect Motor Indonesia Manufacturing and Sales 51.0 Honda Malaysia Sdn Bhd Malaysia Manufacturing and Sales 51.0 Honda Taiwan Co., Ltd. Taiwan Sales 100.0 Asian Honda Motor Co., Ltd. Thailand Coordination of Subsidiaries Operation and Sales 100.0 Honda Leasing (Thailand) Co., Ltd. Thailand Finance 100.0 Honda Automobile (Thailand) Co., Ltd. Thailand Manufacturing and Sales 89.0 Thai Honda Manufacturing Co., Ltd. Thailand Manufacturing 83.0 A.P. Honda Co., Ltd. Thailand Sales 61.0 Honda Vietnam Co., Ltd. Vietnam Manufacturing and Sales 70.0 Honda Motor de Argentina S.A. Argentina Manufacturing and Sales 100.0 Honda South America Ltda. Brazil Coordination of Subsidiaries Operation 100.0 Banco Honda S.A. Brazil Finance 100.0 Honda Automoveis do Brasil Ltda. Brazil Manufacturing and Sales 100.0 Moto Honda da Amazonia Ltda. Brazil Manufacturing and Sales 100.0 |
Approval of Release of Consolid
Approval of Release of Consolidated Financial Statements | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Approval of Release of Consolidated Financial Statements | (31) Approval of Release of Consolidated Financial Statements The release of the consolidated financial statements was approved by Takahiro Hachigo, President and Representative Director, Chief Executive Officer and Kohei Takeuchi, Senior Managing Director and Chief Financial Officer on June 19, 2019. |
Significant Accounting Polici_2
Significant Accounting Policies (Policies) | 12 Months Ended |
Mar. 31, 2019 | |
Statement [LineItems] | |
Basis of Consolidation | (a) Basis of Consolidation The consolidated financial statements include the accounts of the Company, its subsidiaries which are directly or indirectly controlled by the Company, and those structured entities which are controlled by Honda. All significant intercompany balances and transactions have been eliminated in consolidation. Honda controls an entity when Honda is exposed or has rights to variable returns from involvement with the entity, and has the ability to affect those returns by using its power, which is the current ability to direct the relevant activities, over the entity. To determine whether or not Honda controls an entity, status of voting rights or similar rights, contractual agreements and other specific factors are taken into consideration. Structured entities are entities designed so that voting or similar rights are not the dominant factor in deciding who controls the entity. Honda consolidates structured entities over which it has control, by comprehensively determining whether its control over the entity exists based on any contractual arrangements with such entity as well as the percentage of its voting or similar rights in the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date when the control is obtained until the date when the control is lost. The financial statements of subsidiaries have been adjusted in order to ensure consistency with the accounting policies adopted by the Company as necessary. Changes in the Company’s ownership interests in subsidiaries that do not result in a loss of control are accounted for as equity transactions. When control over a subsidiary is lost, the investment retained after the loss of control is remeasured at fair value as of the date of the loss of control, and any gain or loss on such remeasurement and disposal of the interest sold is recognized in profit or loss. |
Investments in Affiliates and Joint Ventures (Investments Accounted for Using the Equity Method) | (b) Investments in Affiliates and Joint Ventures (Investments Accounted for Using the Equity Method) Affiliates are entities over which Honda has a significant influence over the decisions on financial and operating policies, but does not have control or joint control. Joint ventures are joint arrangements whereby the parties including Honda that have joint control have rights to the net assets of the arrangement. Joint arrangements are arrangements of which two or more parties have joint control, and joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. Investments in affiliates and joint ventures are accounted for using the equity method from the date when the investees are determined to be affiliates or joint ventures until the date when they ceased to be classified as affiliates or joint ventures. Under the equity method, the investment is initially recognized at cost, and the carrying amount is subsequently increased or decreased, to recognize Honda’s share of profit or loss and other comprehensive income of the affiliate or the joint venture after the date of initial recognition. The financial statements of affiliates and joint ventures have been adjusted in order to ensure consistency with the accounting policies adopted by the Company in applying the equity method, as necessary. The use of the equity method is discontinued from the date when the investees are determined to be no longer affiliates or joint ventures. The investment retained after cessation of the equity method is remeasured at fair value, and any gain or loss on such remeasurement and disposal of the investment is recognized in profit or loss. |
Foreign Currency Translations | (c) Foreign Currency Translations 1) Foreign currency transactions Foreign currency transactions are translated into the respective functional currencies at the exchange rates prevailing when such transactions occur. All foreign currency receivables and payables are translated into the respective functional currencies at the applicable exchange rates at the end of the reporting period. Gains or losses on exchange differences arising on settlement of foreign currency receivables and payables or on their translations at the end of the reporting date are recognized in profit or loss and they are included in finance income and finance costs-other, net in the consolidated statements of income. 2) Foreign operations All assets and liabilities of foreign subsidiaries, affiliates and joint ventures (collectively “foreign operations”), which use a functional currency other than Japanese yen, are translated into Japanese yen at the exchange rates at the end of the reporting period. All revenues and expenses of foreign operations are translated into Japanese yen at the average exchange rate for the period except when a functional currency is the currency of a hyperinflationary economy. Exchange differences arising from translation are recognized in other comprehensive income and accumulated in other components of equity in the consolidated statements of financial position. When a foreign operation is disposed of, and control, significant influence or joint control over the foreign operation is lost, the cumulative amount of exchange differences relating to the foreign operation is reclassified from equity to profit or loss. |
Financial Instruments | (d) Financial Instruments A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity security of another entity. When Honda becomes a party to the contractual provision of a financial instrument, the financial instrument is recognized either as a financial asset or as a financial liability. When Honda purchases or sells a financial asset, the financial asset is recognized or derecognized at the trade date. 1) Non-derivative Honda classifies financial assets other than derivatives into “financial assets measured at amortized cost”, “financial assets measured at fair value through other comprehensive income” or “financial assets measured at fair value through profit or loss”. Honda determines the classification of financial assets upon initial recognition. Financial assets are derecognized when the contractual rights to cash flows from the financial assets expire, or when the contractual rights to receive the cash flows from the financial assets are transferred and all risks and rewards of ownership of the financial assets are substantially transferred. Financial assets measured at amortized cost A financial asset is classified into financial assets measured at amortized cost when the asset is held within a business model whose objective is to hold the asset in order to collect the contractual cash flows, and the contractual term of the financial asset gives rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Financial assets measured at amortized cost except trade receivables arising from contracts with customers are initially measured at their fair value and trade receivables arising from contracts with customers are initially measured at their transaction price. Financial assets measured at amortized cost are subsequently measured at amortized cost using the effective interest method. Financial assets measured at fair value A financial asset other than a financial asset measured at amortized cost is classified into financial assets measured at fair value. The financial assets measured at fair value are further classified into the following categories: Financial assets measured at fair value through other comprehensive income A debt security is classified into financial assets measured at fair value through other comprehensive income when the asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The debt securities are initially measured at their fair value, and subsequent changes in fair value are recognized in other comprehensive income except for impairment gain or loss and foreign exchange gain or loss. When the debt securities are derecognized, the cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to profit or loss. In the comparative periods, the debt securities are classified into financial assets measured at fair value through profit or loss. Honda elects to designate investments in equity securities such as shares, held for maintaining and strengthening the trade relationship as financial assets measured at fair value through other comprehensive income. Equity securities designated as financial assets measured at fair value through other comprehensive income are initially measured at their fair value, and subsequent changes in fair value of the investment are recognized in other comprehensive income. However, dividends from the equity securities are principally recognized in profit or loss. When the equity securities are derecognized, the cumulative gain or loss previously recognized in other comprehensive income is directly reclassified to retained earnings. Financial assets measured at fair value through profit or loss Financial assets measured at fair value other than financial assets measured at fair value through other comprehensive income are classified into financial assets measured at fair value through profit or loss. Financial assets measured at fair value through profit or loss are initially measured at their fair value, and subsequent changes in fair value are recognized in profit or loss. (Cash and cash equivalents) Cash and cash equivalents consist of cash on hand, demand deposits, and short-term highly liquid investments that are readily convertible to known amounts of cash and are subject to insignificant risk of changes in value. Honda includes all highly liquid debt instruments with original maturities of three months or less in cash equivalents. 2) Non-derivative Financial liabilities other than derivatives are initially measured at their fair value, and are subsequently measured at amortized cost using the effective interest method. Financial liabilities are derecognized, when the obligations specified in the contract are discharged, canceled or expire. 3) Derivatives Honda has entered into foreign exchange and interest rate agreements to manage currency and interest rate exposures. These agreements include foreign currency forward exchange contracts, currency option contracts, currency swap agreements and interest rate swap agreements. All these derivatives are initially recognized as assets or liabilities and measured at fair value, when Honda becomes a party to the contractual provision of the derivatives. Subsequent changes in fair value of derivatives are recognized in profit or loss in the period of the changes. Honda has not held any derivatives designated as hedging instruments for the years ended March 31, 2017, 2018 and 2019. 4) Offsetting of financial assets and financial liabilities Financial assets and financial liabilities are offset and the net amount is presented in the consolidated statements of financial position, only when Honda currently has a legally enforceable right to offset the recognized amounts, and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously. |
Inventories | (e) Inventories Inventories are measured at the lower of cost and net realizable value. The cost of inventories includes purchase costs and conversion costs, and it is determined principally by using the first-in first-out |
Intangible Assets | (h) Intangible Assets Intangible assets are measured based on the cost model and carried at their cost less accumulated amortization and impairment losses. (Research and development) Development expenditure for a product is capitalized only when there is a technical and commercial feasibility of completing the development, Honda has intention, ability and sufficient resources to use the outcome of the development, it is probable that the outcome will generate a future economic benefit, and the cost can be measured reliably. Capitalized development cost is measured at the sum of expenditures for development incurred between when the foregoing conditions for capitalization are initially met and when the development is completed, and includes all directly attributable costs to the development process. Capitalized development cost is amortized using the straight-line method over the expected product life cycle of the developed product ranging mainly from 2 to 6 years. Expenditures on research and other development expenditures which do not meet the foregoing conditions are expensed as incurred. (Other intangible asset) Other intangible assets are initially measured at cost and principally amortized using the straight-line method over their estimated useful lives. Other intangible assets are mainly comprised of software for internal use whose estimated useful lives range from 3 to 5 years. The amortization method and useful lives of intangible assets are reviewed annually at each fiscal year end, and adjusted prospectively, if appropriate. |
Lease | (i) Lease An arrangement that is or contains a lease is determined based on the substance of the arrangement by assessment of whether the fulfillment of that arrangement depends on use of a specific asset or group of assets, and whether a right to use the asset is transferred under the arrangement. When an arrangement is or contains a lease, the lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to the ownership, based on the substance of the arrangement. Leases other than finance lease are classified as operating lease. 1) Lease as a lessee A leased asset and liability for the future lease payment under a finance lease are initially recognized at the lower of fair value of the leased asset or the present value of the minimum lease payments, each determined at inception of the lease. After the initial recognition, the leased asset is accounted for according to the accounting policies applied to the asset. Lease payments under a finance lease are apportioned between the finance cost and the reduction in the carrying amount of the liability. Lease payments under an operating lease are recognized as an expense on a straight-line basis over the lease term. 2) Lease as a lessor The finance subsidiaries of the Company engage in the business of leasing vehicles as a lessor. A receivable from customer held under a finance lease is initially recognized at the amount of net investment in the lease which is the gross investment in the lease discounted at the interest rate implicit in the lease, and included in receivables from financial services in the consolidated statements of financial position. After the initial recognition, the receivable under finance lease is accounted for in accordance with the accounting policies applied to financial assets. Vehicles subject to operating leases are presented as equipment on operating leases in the consolidated statements of financial position. |
Impairment | (j) Impairment 1) Financial assets measured at amortized cost and debt securities classified into financial assets measured at fair value through other comprehensive income Policy applicable from April 1, 2018 The allowance for impairment losses of financial assets measured at amortized cost other than trade receivables and debt securities classified into financial assets measured at fair value through other comprehensive income is measured at amounts according to the three-stage expected credit loss (ECL) model: Stage 1 12-month Stage 2 Lifetime ECL for financial assets with a significant increase in credit risk since initial recognition but that are not credit-impaired Stage 3 Lifetime ECL for credit-impaired financial assets The allowance for impairment losses of trade receivables is continuously measured at amounts equal to lifetime ECL. Lifetime ECL represents ECL that results from all possible default events over the expected life of a financial asset. 12-month Receivables from financial services – Allowance for credit losses The allowance for credit losses is management’s estimate of expected credit loss on receivables from financial services. To determine whether credit risk has increased significantly, consumer finance receivables are assessed both individually and collectively. Individual assessments are based on delinquencies. Consumer finance receivables 30 days or greater past due have historically experienced increased default rates and therefore are considered to have a significant increase in credit risk. Collective assessments are performed for groups of consumer finance receivables with shared risk characteristics such as the period of initial recognition, collateral type, original term, and credit score considering relative changes in expected default rates since initial recognition. Dealer finance receivables are assessed at the individual dealership level to determine whether credit risk has increased significantly considering payment performance and other factors such as changes in the financial condition of the dealership and compliance with debt covenants. Our definition of default on receivables from financial services varies depending on internal risk management practices of each of our finance subsidiaries. Our most significant finance subsidiary located in the United States considers delinquencies of 60 days past due to be in default. Collection efforts on consumer finance receivables are escalated after becoming 60 days past due including repossession of the underlying vehicles if it has been determined that the borrower is unable to perform on their obligations. Defaulted consumer finance receivables are considered to be credit-impaired. Dealer finance receivables are considered to be credit-impaired when there is evidence we will be unable to collect all amounts due in accordance with the original contractual terms including significant financial difficulty of the dealership, a breach of contract, such as a default or delinquency, or bankruptcy. At the finance subsidiary in the United States, the estimated uncollectible portion of consumer finance receivables are written-off written-off At the finance subsidiary in the United States, ECL of consumer finance receivables is measured for groups of financial assets with shared risk characteristics by reflecting historical results, current conditions and forward-looking factors such as unemployment rates, used vehicles prices, and consumer debt service burdens. Receivables from financial services – Allowance for losses on lease residual values The allowance for losses on lease residual values is management’s estimate of probable losses arising from declines in the estimated lease residual values incurred on receivables from finance leases. The finance subsidiaries of the Company purchase insurance to cover a substantial amount of the estimated residual value of a part of vehicles leased as finance leases to customers. The allowance for losses on lease residual values are maintained at an amount management deems adequate to cover estimated losses on the uninsured portion of the vehicles’ lease residual values. The allowance is also based on management’s evaluation of many factors, including current economic conditions, industry experience and the finance subsidiaries’ historical experience with residual value losses. Policy applicable before April 1, 2018 At the end of each reporting period, based on individual assets or assets grouped according to credit risk characteristics, financial assets measured at amortized cost are assessed to determine whether there is objective evidence that a financial asset or group of financial assets is impaired. Objective evidence of impairment includes significant financial difficulty of the issuer or the borrowers, a default or delinquency in interest or principal payments, an increase in the probability of bankruptcy or other financial restructuring of the issuer, and disappearance of an active market for the security. If there is an objective evidence that financial assets measured at amortized cost is impaired, the amount of impairment loss is measured as the difference between the carrying amount of the assets and its present value which is calculated by discounting estimated future cash flows using the asset’s original effective interest rate. The impairment loss is recognized in profit or loss, by deducting the carrying amount of the financial assets directly or through an allowance account. Further, if, in a subsequent period, the amount of impairment loss decreases and the decrease can be related objectively to an event occurring after impairment was recognized, the impairment loss which was recorded in prior periods is reversed and recognized in profit or loss. Receivables from financial services – Allowance for credit losses The allowance for credit losses is management’s estimate of probable losses incurred on receivables from financial services. Estimated losses on past due operating lease rental payments are also recognized through an allowance for credit losses. Consumer finance receivables are collectively evaluated for impairment. Delinquencies and losses are continuously monitored and this historical experience provides the primary basis for estimating the allowance. Various methodologies are utilized when estimating the allowance for credit losses including models that incorporate vintage loss and delinquency migration analysis. The models take into consideration attributes of the portfolio including loan-to-value Dealer finance receivables are individually evaluated for impairment when specifically identified as impaired. Dealer finance receivables are considered to be impaired when it is probable that the finance subsidiaries of the Company will be unable to collect all amounts due according to the original terms of the loan. The determination of whether dealer loans are impaired is based on evaluations of dealerships’ payment history, financial condition and cash flows, and their ability to perform under the terms of the loans. Dealer loans that have not been specifically identified as impaired are collectively evaluated for impairment. Receivables from financial services – Allowance for losses on lease residual values The allowance for losses on lease residual values is management’s estimate of probable losses arising from declines in the estimated lease residual values incurred on receivables from finance leases. The finance subsidiaries of the Company purchase insurance to cover a substantial amount of the estimated residual value of a part of vehicles leased as finance leases to customers. The allowance for losses on lease residual values are maintained at an amount management deems adequate to cover estimated losses on the uninsured portion of the vehicles’ lease residual values. The allowance is also based on management’s evaluation of many factors, including current economic conditions, industry experience and the finance subsidiaries’ historical experience with residual value losses. 2) Non-financial At the end of the reporting period, the carrying amount of non-financial For investments accounted for using the equity method, the entire carrying amount of each investment in affiliates and joint ventures is tested for impairment as a single asset, when there is objective evidence that the investments accounted for using the equity method may be impaired. The recoverable amount of an individual asset or a cash-generating unit is the higher of fair value less costs to sell and value in use. Value in use is determined as the present value of future cash flows expected to be derived from an asset or a cash-generating unit. A cash-generating unit is determined as the smallest identifiable group of assets that generate cash inflows which are largely independent of cash inflows from other assets or a group of assets. When it is not possible to estimate the recoverable amount of the individual asset, the recoverable amount of the cash-generating unit to which the asset belongs is estimated. When the carrying amount of an asset or a cash-generating unit exceeds the recoverable amount, the carrying amount is reduced to the recoverable amount and an impairment loss is recognized in profit or loss. An impairment loss for a cash-generating unit is allocated to the assets on the basis of the relative carrying amount of each asset in the unit. An impairment loss recognized for an asset or a cash-generating unit in prior period is reversed, if there is any indication that the impairment loss may have decreased or may no longer exist, and when the recoverable amount of the asset exceeds the carrying amount. If this is the case, the carrying amount of the asset is increased to its recoverable amount, but the increased carrying amount does not exceed the carrying amount (net of depreciation or amortization) calculated on the basis that no impairment loss had occurred in the prior period. |
Provisions | (k) Provisions Provisions are recognized when Honda has present legal or constructive obligation as a result of past events, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. Provisions are measured based on the best estimate of expenditure required to settle the present obligation at the end of the reporting period. Where the effect of the time value of money is material, a provision is measured at the present value of the expenditures required to settle the obligation. In calculating the present value, a pre-tax |
Employee Benefits | (l) Employee Benefits 1) Short-term employee benefits For short-term employee benefits including salaries, bonuses and paid annual leave, when the employees render related services, the amounts expected to be paid in exchange for those services are recognized as expenses. 2) Post-employment benefits Honda has various post-employment benefit plans including defined benefit plans and defined contribution plans. Defined benefit plans For defined benefit plans, the present value of defined benefit obligations less the fair value of plan assets is recognized as either liability or asset in the consolidated statements of financial position. The present value of defined benefit obligations and service cost are principally determined for each plan using the projected unit credit method. The discount rate is determined by reference to market yields at the end of the reporting period on high quality corporate bonds that is consistent with the currency and estimated term of the post-employment benefit obligation. Net interest on the net defined benefit liability (asset) for the reporting period is determined by multiplying the net defined benefit liability (asset) by the discount rate. Past service cost defined as the change in the present value of the defined benefit obligation resulting from a plan amendment or curtailment is recognized in profit or loss upon occurrence of the plan amendment or curtailment. Honda recognizes the difference arising from remeasurement of present value of the defined benefit obligations and the fair value of the plan assets in other comprehensive income when it is incurred, and reclassifies it immediately to retained earnings. Defined contribution plans For defined contribution plans, when the employees render related services, the contribution payables to defined contribution plan are recognized as expenses. |
Equity | (m) Equity 1) Common share Common share issued by the Company is classified as equity, and the proceeds from issuance of common share are included in common stock and capital surplus. 2) Treasury stock Treasury stock acquired by Honda is recognized at cost and deducted from equity. When treasury stock is sold, the consideration received is recognized as equity with the difference between the carrying amount and the consideration received included in capital surplus. |
Revenue Recognition | (n) Revenue Recognition 1) Sale of products Sales of products are reported by Motorcycle business, Automobile business, Power products business and other businesses. For details of the information on each business, see note 4. Honda recognizes revenue when control over products is transferred to customers. This transfer generally corresponds to the date of delivery of products to customers. Revenue is measured based on consideration specified in a contract with customer and excludes amounts collected on behalf of third parties. The total consideration in the contract is allocated to all products and services based on their stand-alone selling prices. The stand-alone selling prices are determined with reference to the selling prices of similar products or services and other reasonably available information. In the comparative periods, revenue from sale of products was recognized when the significant risks and rewards of ownership of products were transferred to the customer, Honda retained neither continuous involvement nor effective control over the product, the amount of revenue and the corresponding cost could be measured reliably and collection of the relevant receivable was reasonably assured. This generally corresponded to the date of delivery of products to customers. Honda provides dealer incentives, which generally represent discounts provided from Honda to the dealer. Honda also provides incentive programs generally in the form of below-market interest rate loans or lease programs for the retail customers to enhance dealer’s sales activities. The amount incurred for these programs is calculated based on the difference between the interest or lease rate offered to retail customers and the market-based interest or lease rate. These incentives are considered variable consideration when determining the transaction price and they are deducted from sales revenue recognized when products are sold to the dealers. Revenue is recognized only to the extent that it is highly probable that a significant reversal will not occur when the uncertainty associated with the variable consideration is subsequently resolved. In the comparative periods, these incentives were estimated and recognized at the time the product was sold to the dealer and were deducted from sales revenue. Customers usually pay consideration for sales of products within 30 days from the transfers of control over the products to customers. In addition, product sales contracts with customers include warranty clauses to guarantee that the products comply with agreed-upon specifications and Honda recognizes provisions for product warranties to meet these guarantees. For more information on product warranties, see note 17. 2) Rendering of financial services Interest income from receivables from financial services is recognized using the effective interest method. Finance receivable origination fees and certain direct origination costs are included in the calculation of the effective interest rate, and the net fee or cost is amortized using the effective interest method over the contractual term of the finance receivables. The finance subsidiaries of the Company offer financial services that contain a lease. Interest income from receivables held under a finance lease is recognized using the effective interest method. When Honda is the manufacturer or dealer lessor, sales revenue and the corresponding cost for a portion identified as sale of products is recognized in profit or loss in accordance with the policy on revenue recognition for sale of products. Revenue from operating leases is recognized on a straight-line basis over the term of the lease. |
Income Taxes | (o) Income Taxes Income tax expenses are presented as the aggregate amount of current taxes and deferred taxes. Current taxes and deferred taxes are recognized in profit or loss, except for the tax arising from a transaction which is recognized either in other comprehensive income or directly in equity. Current taxes are measured at the amount expected to be paid to (or recovered from) the taxation authorities in respect of the taxable profit (or tax loss) for the reporting period, using the tax rates and tax laws enacted or substantively enacted at the end of the reporting period. Deferred tax assets and liabilities are recognized for future tax consequences attributable to temporary differences between the carrying amount of assets or liabilities in the consolidated statements of financial position and the tax base of the assets or liabilities and carryforward of unused tax losses and tax credits. Deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, unused tax losses, and unused tax credits can be utilized. Deferred tax liabilities for taxable temporary differences related to investments in subsidiaries and affiliates, and interest in joint ventures are not recognized to the extent that Honda is able to control the timing of the reversal of the temporary differences and it is probable that they will not reverse in the foreseeable future. Deferred tax assets for deductible temporary differences arising from investments in subsidiaries and affiliates, and interest in joint ventures are recognized to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which they can be utilized. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period when the assets are realized or the liabilities are settled, based on the tax rates and tax laws enacted or substantively enacted at the end of the reporting period. The measurement of deferred tax assets and liabilities reflects the tax consequences that would follow from the manner in which Honda expects, at the end of reporting period, to recover or settle the carrying amount of its assets and liabilities. Honda reviews the carrying amount of deferred tax assets at the end of each reporting period, and reduces the carrying amount of deferred tax assets to the extent that it is no longer probable that sufficient taxable profit will be available to allow the benefit of part or all of that deferred tax assets to be utilized. Deferred tax assets and deferred tax liabilities are offset, only when Honda has a legally enforceable right to set off current tax assets against current tax liabilities, and the same taxation authority levies income taxes either on the same taxable entity or on different taxable entity which intends either to settle current tax liabilities and assets on a net basis or to realize the assets and settle the liabilities simultaneously. Honda recognizes the impact of tax positions in the consolidated financial statements, if any, based on Honda’s assessment of various factors including interpretations of tax law and prior experiences, when it is probable that the positions will be sustained upon examination by the taxation authorities. |
Earnings per Share | (p) Earnings per Share Basic earnings per share is calculated by dividing profit for the year attributable to owners of the parent by the weighted average number of common shares outstanding during the period. |
Equipment on operating leases [member] | |
Statement [LineItems] | |
Property, Plant and Equipment | (f) Equipment on Operating Leases Equipment on operating leases is measured based on the cost model and carried at its cost less accumulated depreciation and impairment losses. A vehicle subject to operating lease is initially measured at its cost. Depreciation of equipment on operating leases is calculated on the straight-line method over the lease term. The depreciable amount is the cost of the vehicle less its residual value which is estimated by using the estimate of future used vehicle value, taking into consideration external industry data and Honda’s historical experience. |
Property, plant and equipment [member] | |
Statement [LineItems] | |
Property, Plant and Equipment | (g) Property, Plant and Equipment Property, plant and equipment is measured based on the cost model and carried at its cost less accumulated depreciation and impairment losses. Property, plant and equipment is initially measured at its cost. Subsequent expenditures on an item of property, plant and equipment acquired, are recognized in the carrying amount of the item, only when it is probable that the expenditure will generate a future economic benefit. Depreciation of property, plant and equipment, except for land that is not subject to depreciation, is calculated on the straight-line method over the estimated useful life. The depreciable amount is the cost of the asset less the respective estimated residual values. The estimated useful lives used in calculating depreciation of property, plant and equipment are mainly as follows: • Buildings and structures: 3 to 50 years • Machinery and equipment: 2 to 20 years The depreciation method, useful lives and residual values of property, plant and equipment are reviewed annually at each fiscal year end, and adjusted prospectively, if appropriate. |
Basis of Preparation (Tables)
Basis of Preparation (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Impact of Reclassification | The impact of this reclassification is as follows: Yen (millions) Carrying amounts Reclassification Carrying amounts Other financial assets: Financial assets measured at fair value through profit or loss: Debt securities ¥ 69,829 ¥ (14,376 ) ¥ 55,453 Financial assets measured at fair value through other comprehensive income: Debt securities — 14,376 14,376 |
Summary of Impact of Adopting IFRS 15 on Honda's Consolidated Financial Statements | The impacts of adopting IFRS 15 on Honda’s consolidated financial statements as of and for the year ended March 31, 2019 are as follows: Consolidated statements of financial position As of March 31, 2019 Yen (millions) Balances without adoption of IFRS 15 Adjustments As reported Assets Current assets: Cash and cash equivalents ¥ 2,494,121 ¥ — ¥ 2,494,121 Trade receivables 796,199 (2,954 ) 793,245 Receivables from financial services 1,951,633 — 1,951,633 Other financial assets 163,274 — 163,274 Inventories 1,586,787 — 1,586,787 Other current assets 357,428 806 358,234 Total current assets 7,349,442 (2,148 ) 7,347,294 Non-current Investments accounted for using the equity method 713,026 13 713,039 Receivables from financial services 3,453,617 — 3,453,617 Other financial assets 417,149 — 417,149 Equipment on operating leases 4,448,849 — 4,448,849 Property, plant and equipment 2,981,840 — 2,981,840 Intangible assets 744,368 — 744,368 Deferred tax assets 149,800 518 150,318 Other non-current 161,842 806 162,648 Total non-current 13,070,491 1,337 13,071,828 Total assets ¥ 20,419,933 ¥ (811 ) ¥ 20,419,122 Liabilities and Equity Current liabilities: Trade payables ¥ 1,184,882 ¥ — ¥ 1,184,882 Financing liabilities 3,188,782 — 3,188,782 Accrued expenses 423,908 52,392 476,300 Other financial liabilities 132,910 — 132,910 Income taxes payable 49,726 — 49,726 Provisions 352,642 (3,879 ) 348,763 Other current liabilities 584,294 15,467 599,761 Total current liabilities 5,917,144 63,980 5,981,124 Non-current Financing liabilities 4,142,338 — 4,142,338 Other financial liabilities 63,689 — 63,689 Retirement benefit liabilities 398,803 — 398,803 Provisions 221,694 (949 ) 220,745 Deferred tax liabilities 742,937 (15,526 ) 727,411 Other non-current 318,334 888 319,222 Total non-current 5,887,795 (15,587 ) 5,872,208 Total liabilities 11,804,939 48,393 11,853,332 Equity: Common stock 86,067 — 86,067 Capital surplus 171,460 — 171,460 Treasury stock (177,827 ) — (177,827 ) Retained earnings 8,021,584 (47,947 ) 7,973,637 Other components of equity 215,285 (902 ) 214,383 Equity attributable to owners of the parent 8,316,569 (48,849 ) 8,267,720 Non-controlling 298,425 (355 ) 298,070 Total equity 8,614,994 (49,204 ) 8,565,790 Total liabilities and equity ¥ 20,419,933 ¥ (811 ) ¥ 20,419,122 Consolidated statements of income For the year ended March 31, 2019 Yen (millions) Balances without Adjustments As reported Sales revenue ¥ 15,894,946 ¥ (6,329 ) ¥ 15,888,617 Operating costs and expenses: Cost of sales (12,582,518 ) 1,569 (12,580,949 ) Selling, general and administrative (1,776,438 ) 2,045 (1,774,393 ) Research and development (806,905 ) — (806,905 ) Total operating costs and expenses (15,165,861 ) 3,614 (15,162,247 ) Operating profit 729,085 (2,715 ) 726,370 Share of profit of investments accounted for using the equity method 228,824 3 228,827 Finance income and finance costs: Interest income 48,618 — 48,618 Interest expense (13,217 ) — (13,217 ) Other, net (11,223 ) — (11,223 ) Total finance income and finance costs 24,178 — 24,178 Profit before income taxes 982,087 (2,712 ) 979,375 Income tax expense (303,745 ) 656 (303,089 ) Profit for the year ¥ 678,342 ¥ (2,056 ) ¥ 676,286 Profit for the year attributable to: Owners of the parent 611,621 (1,305 ) 610,316 Non-controlling 66,721 (751 ) 65,970 |
Segment Information (Tables)
Segment Information (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Segment Information | As of and for the year ended March 31, 2017 Yen (millions) Motorcycle Automobile Financial Power Segment Reconciling Consolidated Sales revenue: External customers ¥ 1,716,165 ¥ 10,086,816 ¥ 1,878,094 ¥ 318,125 ¥ 13,999,200 ¥ — ¥ 13,999,200 Intersegment — 169,850 13,188 31,567 214,605 (214,605 ) — Total 1,716,165 10,256,666 1,891,282 349,692 14,213,805 (214,605 ) 13,999,200 Segment profit (loss) ¥ 170,740 ¥ 501,181 ¥ 178,449 ¥ (9,659 ) ¥ 840,711 ¥ — ¥ 840,711 Share of profit of investments accounted for using the equity method ¥ 31,835 ¥ 132,411 ¥ — ¥ 547 ¥ 164,793 ¥ — ¥ 164,793 Segment assets 1,505,637 7,543,388 9,437,044 312,303 18,798,372 159,751 18,958,123 Investments accounted for using the equity method 93,410 499,067 — 4,785 597,262 — 597,262 Depreciation and amortization 79,398 576,546 664,940 14,544 1,335,428 — 1,335,428 Capital expenditures 66,241 607,629 1,886,607 12,272 2,572,749 — 2,572,749 Impairment losses on non-financial 185 626 7,987 170 8,968 — 8,968 Provision for credit and lease residual losses on receivables from financial services — — 31,448 — 31,448 — 31,448 As of and for the year ended March 31, 2018 Yen (millions) Motorcycle Automobile Financial Power Segment Reconciling Consolidated Sales revenue: External customers ¥ 2,038,712 ¥ 10,852,171 ¥ 2,123,194 ¥ 347,069 ¥ 15,361,146 ¥ — ¥ 15,361,146 Intersegment — 193,038 14,071 24,097 231,206 (231,206 ) — Total 2,038,712 11,045,209 2,137,265 371,166 15,592,352 (231,206 ) 15,361,146 Segment profit (loss) ¥ 267,015 ¥ 373,840 ¥ 196,067 ¥ (3,364 ) ¥ 833,558 ¥ — ¥ 833,558 Share of profit of investments accounted for using the equity method ¥ 31,270 ¥ 215,843 ¥ — ¥ 530 ¥ 247,643 ¥ — ¥ 247,643 Segment assets 1,533,367 7,879,769 9,409,243 314,838 19,137,217 211,947 19,349,164 Investments accounted for using the equity method 89,498 584,922 — 5,097 679,517 — 679,517 Depreciation and amortization 74,128 616,321 748,503 15,164 1,454,116 — 1,454,116 Capital expenditures 63,927 514,910 1,801,554 14,243 2,394,634 — 2,394,634 Impairment losses on non-financial 42 3,648 11,911 4 15,605 — 15,605 Provision for credit and lease residual losses on receivables from financial services — — 36,699 — 36,699 — 36,699 As of and for the year ended March 31, 2019 Yen (millions) Motorcycle Automobile Financial Power Segment Reconciling Consolidated Sales revenue: External customers ¥ 2,100,155 ¥ 11,072,117 ¥ 2,365,355 ¥ 350,990 ¥ 15,888,617 ¥ — ¥ 15,888,617 Intersegment — 215,647 14,687 26,266 256,600 (256,600 ) — Total 2,100,155 11,287,764 2,380,042 377,256 16,145,217 (256,600 ) 15,888,617 Segment profit (loss) ¥ 291,642 ¥ 209,694 ¥ 235,945 ¥ (10,911 ) ¥ 726,370 ¥ — ¥ 726,370 Share of profit of investments accounted for using the equity method ¥ 29,704 ¥ 198,505 ¥ — ¥ 618 ¥ 228,827 ¥ — ¥ 228,827 Segment assets 1,523,817 7,923,802 10,236,066 328,870 20,012,555 406,567 20,419,122 Investments accounted for using the equity method 88,494 619,091 — 5,454 713,039 — 713,039 Depreciation and amortization 66,680 603,124 784,683 14,198 1,468,685 — 1,468,685 Capital expenditures 74,024 525,419 2,041,735 16,074 2,657,252 — 2,657,252 Impairment losses on non-financial 1,404 32,674 12,716 14 46,808 — 46,808 Provision for credit and lease residual losses on receivables from financial services — — 34,720 — 34,720 — 34,720 Explanatory notes: 1. Segment profit (loss) of each segment is measured in a consistent manner with consolidated operating profit, which is profit before income taxes before share of profit of investments accounted for using the equity method and finance income and finance costs. Expenses not directly associated with specific segments are allocated based on the most reasonable measures applicable. 2. Segment assets of each segment are defined as total assets including investments accounted for using the equity method, derivatives, and deferred tax assets. Segment assets are based on those directly associated with each segment and those not directly associated with specific segments are allocated based on the most reasonable measures applicable except for the corporate assets described below. 3. Intersegment sales revenues are generally made at values that approximate arm’s-length 4. Reconciling items include elimination of intersegment transactions and balances as well as unallocated corporate assets. Unallocated corporate assets, included in reconciling items as of March 31, 2017, 2018 and 2019 amounted to ¥530,809 million, ¥519,780 million and ¥682,842 million, respectively, which consist primarily of the Company’s cash and cash equivalents and financial assets measured at fair value through other comprehensive income. 5. Provisions for product warranties accrued for the years ended March 31, 2017, 2018 and 2019 are ¥198,016 million, ¥219,575 million and ¥247,194 million, respectively. These are mainly included in Automobile business. 6. The amounts of write-down of inventories recognized as an expense for the years ended March 31, 2017, 2018 and 2019 are ¥22,707 million, ¥67,768 million and ¥32,565 million respectively. These are related to Automobile business and aircraft and aircraft engines, which are included in Power product and other businesses. |
Sales Revenue by Product or Service Groups | Sales revenue by product or service groups of Honda for the years ended March 31, 2017, 2018 and 2019 is as follows: Yen (millions) 2017 2018 2019 Motorcycles and relevant parts ¥ 1,598,935 ¥ 1,919,232 ¥ 1,986,968 All-terrain side-by-sides 117,230 119,480 113,187 Automobiles and relevant parts 10,920,594 11,813,125 12,173,065 Financial services 1,044,316 1,162,240 1,264,407 Power products and relevant parts 245,881 266,233 266,012 Others 72,244 80,836 84,978 Total ¥ 13,999,200 ¥ 15,361,146 ¥ 15,888,617 |
Sales Revenue and Carrying Amounts of Non-current Assets Other Than Financial Instruments and Deferred Tax Assets Based on Location | The sales revenue and carrying amounts of non-current As of and for the year ended March 31, 2017 Yen (millions) Japan United Other Total Sales revenue ¥ 2,114,833 ¥ 6,755,460 ¥ 5,128,907 ¥ 13,999,200 Non-current ¥ 2,492,467 ¥ 4,067,831 ¥ 1,688,360 ¥ 8,248,658 As of and for the year ended March 31, 2018 Yen (millions) Japan United Other Total Sales revenue ¥ 2,240,033 ¥ 7,028,633 ¥ 6,092,480 ¥ 15,361,146 Non-current ¥ 2,580,515 ¥ 3,784,531 ¥ 1,696,056 ¥ 8,061,102 As of and for the year ended March 31, 2019 Yen (millions) Japan United Other Total Sales revenue ¥ 2,394,584 ¥ 7,480,382 ¥ 6,013,651 ¥ 15,888,617 Non-current ¥ 2,695,603 ¥ 3,956,228 ¥ 1,685,874 ¥ 8,337,705 |
Supplemental Geographical Information Based on Location | Supplemental geographical information based on the location of the Company and its subsidiaries As of and for the year ended March 31, 2017 Yen (millions) Japan North Europe Asia Other Total Reconciling Consolidated Sales revenue: External customers ¥ 2,114,833 ¥ 7,621,550 ¥ 638,436 ¥ 2,893,404 ¥ 730,977 ¥ 13,999,200 ¥ — ¥ 13,999,200 Inter-geographic areas 1,998,576 476,518 150,957 562,629 2,518 3,191,198 (3,191,198 ) — Total 4,113,409 8,098,068 789,393 3,456,033 733,495 17,190,398 (3,191,198 ) 13,999,200 Operating profit (loss) ¥ 104,560 ¥ 398,725 ¥ 12,112 ¥ 331,466 ¥ 29,016 ¥ 875,879 ¥ (35,168 ) ¥ 840,711 Assets ¥ 4,236,574 ¥ 10,743,185 ¥ 675,983 ¥ 2,694,622 ¥ 670,332 ¥ 19,020,696 ¥ (62,573 ) ¥ 18,958,123 Non-current ¥ 2,492,467 ¥ 4,766,609 ¥ 107,443 ¥ 694,919 ¥ 187,220 ¥ 8,248,658 ¥ — ¥ 8,248,658 As of and for the year ended March 31, 2018 Yen (millions) Japan North Europe Asia Other Total Reconciling Consolidated Sales revenue: External customers ¥ 2,240,033 ¥ 8,067,455 ¥ 680,497 ¥ 3,541,680 ¥ 831,481 ¥ 15,361,146 ¥ — ¥ 15,361,146 Inter-geographic areas 2,240,651 517,150 236,717 679,340 6,043 3,679,901 (3,679,901 ) — Total 4,480,684 8,584,605 917,214 4,221,020 837,524 19,041,047 (3,679,901 ) 15,361,146 Operating profit (loss) ¥ 86,916 ¥ 278,476 ¥ 15,837 ¥ 402,620 ¥ 43,831 ¥ 827,680 ¥ 5,878 ¥ 833,558 Assets ¥ 4,405,523 ¥ 10,651,191 ¥ 727,045 ¥ 2,942,053 ¥ 659,781 ¥ 19,385,593 ¥ (36,429 ) ¥ 19,349,164 Non-current assets other than financial instruments and deferred tax assets ¥ 2,580,515 ¥ 4,530,019 ¥ 105,649 ¥ 683,006 ¥ 161,913 ¥ 8,061,102 ¥ — ¥ 8,061,102 As of and for the year ended March 31, 2019 Yen (millions) Japan North America Europe Asia Other Regions Total Reconciling Items Consolidated Sales revenue: External customers ¥ 2,394,584 ¥ 8,526,733 ¥ 652,335 ¥ 3,557,338 ¥ 757,627 ¥ 15,888,617 ¥ — ¥ 15,888,617 Inter-geographic areas 2,453,729 497,231 275,089 714,901 6,826 3,947,776 (3,947,776 ) — Total 4,848,313 9,023,964 927,424 4,272,239 764,453 19,836,393 (3,947,776 ) 15,888,617 Operating profit (loss) ¥ 10 ¥ 299,750 ¥ (6,620 ) ¥ 404,220 ¥ 22,616 ¥ 719,976 ¥ 6,394 ¥ 726,370 Assets ¥ 4,546,640 ¥ 11,418,194 ¥ 694,606 ¥ 3,024,357 ¥ 621,259 ¥ 20,305,056 ¥ 114,066 ¥ 20,419,122 Non-current ¥ 2,695,603 ¥ 4,740,675 ¥ 65,500 ¥ 691,211 ¥ 144,716 ¥ 8,337,705 ¥ — ¥ 8,337,705 Explanatory notes: 1. Major countries or regions in each geographic area: North America United States, Canada, Mexico Europe United Kingdom, Germany, Belgium, Turkey, Italy Asia Thailand, Indonesia, China, India, Vietnam Other Regions Brazil, Australia 2. Operating profit (loss) of each geographical region is measured in a consistent manner with consolidated operating profit, which is profit before income taxes before share of profit of investments accounted for using the equity method and finance income and finance costs. 3. Assets of each geographical region are defined as total assets including investments accounted for using the equity method, derivatives, and deferred tax assets. 4. Sales revenues between geographic areas are generally made at values that approximate arm’s-length 5. Reconciling items include elimination of inter-geographic transactions and balances as well as unallocated corporate assets. Unallocated corporate assets, included in reconciling items as of March 31, 2017, 2018 and 2019 amounted to ¥530,809 million, ¥519,780 million and ¥682,842 million, respectively, which consist primarily of the Company’s cash and cash equivalents and financial assets measured at fair value through other comprehensive income. |
Cash and Cash Equivalents (Tabl
Cash and Cash Equivalents (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Cash and Cash Equivalents | Cash and cash equivalents as of March 31, 2018 and 2019 consist of the following: Yen (millions) 2018 2019 Cash and deposits ¥ 1,691,645 ¥ 1,815,920 Cash equivalents 564,843 678,201 Total ¥ 2,256,488 ¥ 2,494,121 |
Trade Receivables (Tables)
Trade Receivables (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Trade receivables [member] | |
Statement [LineItems] | |
Summary of Financial Assets | Trade receivables as of March 31, 2018 and 2019 consist of the following: Yen (millions) 2018 2019 Trade accounts and notes receivable ¥ 688,102 ¥ 712,180 Other 126,750 93,620 Allowance for impairment losses (14,389 ) (12,555 ) Total ¥ 800,463 ¥ 793,245 |
Receivables from Financial Se_2
Receivables from Financial Services (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement [LineItems] | |
Summary of Receivables from Financial Services | Receivables from financial services as of March 31, 2018 and 2019 consist of the following: Yen (millions) 2018 2019 Consumer finance receivables: Retail ¥ 4,187,420 ¥ 4,602,848 Finance lease 165,156 142,855 Dealer finance receivables: Wholesale 651,141 712,214 Subtotal ¥ 5,003,717 ¥ 5,457,917 Allowance for credit losses ¥ (34,803 ) ¥ (43,203 ) Allowance for losses on lease residual values (743 ) (29 ) Unearned interest income and fees (10,108 ) (9,435 ) Total ¥ 4,958,063 ¥ 5,405,250 Current assets ¥ 1,840,699 ¥ 1,951,633 Non-current 3,117,364 3,453,617 Total ¥ 4,958,063 ¥ 5,405,250 |
Gross Investment in Lease and Present Value of Minimum Lease Payments Receivable | The gross investment in the lease and the present value of minimum lease payments receivable as of March 31, 2018 and 2019 are as follows: Yen (millions) As of March 31, 2018 Within 1 year Between 1 and 5 years Later than 5 years Total Gross investment in the lease ¥ 65,253 ¥ 99,845 ¥ 58 ¥ 165,156 Unearned interest income and fees (2,023 ) (8,078 ) (7 ) (10,108 ) Unguaranteed residual values (27,480 ) (50,636 ) (0 ) (78,116 ) Present value of minimum lease payments receivable ¥ 35,750 ¥ 41,131 ¥ 51 ¥ 76,932 Yen (millions) As of March 31, 2019 Within 1 year Between 1 and 5 years Later than 5 years Total Gross investment in the lease ¥ 52,099 ¥ 90,658 ¥ 98 ¥ 142,855 Unearned interest income and fees (1,632 ) (7,790 ) (13 ) (9,435 ) Unguaranteed residual values (25,369 ) (46,662 ) — (72,031 ) Present value of minimum lease payments receivable ¥ 25,098 ¥ 36,206 ¥ 85 ¥ 61,389 |
Receivables from financial services [Member] | |
Statement [LineItems] | |
Changes in Allowance for Doubtful Accounts | The changes in the allowance for credit losses on receivables from financial services for the years ended March 31, 2017, 2018 and 2019 are as follows: For the years ended March 31, 2017 and 2018 Yen (millions) Retail Finance lease Wholesale Total Balance as of April 1, 2016 ¥ 22,300 ¥ 762 ¥ 2,503 ¥ 25,565 Provision ¥ 29,870 ¥ 338 ¥ (278 ) ¥ 29,930 Write-offs (33,045 ) (287 ) (382 ) (33,714 ) Recoveries 8,487 69 3 8,559 Exchange differences on translating foreign operations 1,255 (73 ) (23 ) 1,159 Balance as of March 31, 2017 ¥ 28,867 ¥ 809 ¥ 1,823 ¥ 31,499 Provision ¥ 36,037 ¥ 214 ¥ 336 ¥ 36,587 Write-offs (39,478 ) (299 ) (271 ) (40,048 ) Recoveries 8,368 50 13 8,431 Exchange differences on translating foreign operations (1,718 ) 47 5 (1,666 ) Balance as of March 31, 2018 ¥ 32,076 ¥ 821 ¥ 1,906 ¥ 34,803 For the year ended March 31, 2019 Yen (millions) 12-month ECL Lifetime ECL Total Not credit-impaired Credit-impaired Retail: Balance as of April 1, 2018 under IFRS 9 (2013) ¥ 32,076 Effect of adopting IFRS 9 (2014) ¥ 4,599 Balance as of April 1, 2018 under IFRS 9 (2014) ¥ 20,574 ¥ 9,543 ¥ 6,558 ¥ 36,675 Remeasurement ¥ 1,788 ¥ 579 ¥ 31,506 ¥ 33,873 Write-offs — — (30,986 ) (30,986 ) Exchange differences on translating foreign operations 250 285 (337 ) 198 Balance as of March 31, 2019 ¥ 22,612 ¥ 10,407 ¥ 6,741 ¥ 39,760 Finance lease: Balance as of April 1, 2018 under IFRS 9 (2013) ¥ 821 Effect of adopting IFRS 9 (2014) ¥ — Balance as of April 1, 2018 under IFRS 9 (2014) ¥ 604 ¥ 78 ¥ 139 ¥ 821 Remeasurement ¥ (19 ) ¥ (3 ) ¥ 114 ¥ 92 Write-offs — — (125 ) (125 ) Exchange differences on translating foreign operations (51 ) (3 ) (4 ) (58 ) Balance as of March 31, 2019 ¥ 534 ¥ 72 ¥ 124 ¥ 730 Wholesale: Balance as of April 1, 2018 under IFRS 9 (2013) ¥ 1,906 Effect of adopting IFRS 9 (2014) ¥ — Balance as of April 1, 2018 under IFRS 9 (2014) ¥ 1,553 ¥ 309 ¥ 44 ¥ 1,906 Remeasurement ¥ (49 ) ¥ 35 ¥ 769 ¥ 755 Write-offs — — 153 153 Exchange differences on translating foreign operations (85 ) (15 ) (1 ) (101 ) Balance as of March 31, 2019 ¥ 1,419 ¥ 329 ¥ 965 ¥ 2,713 Total: Balance as of April 1, 2018 under IFRS 9 (2013) ¥ 34,803 Effect of adopting IFRS 9 (2014) ¥ 4,599 Balance as of April 1, 2018 under IFRS 9 (2014) ¥ 22,731 ¥ 9,930 ¥ 6,741 ¥ 39,402 Remeasurement ¥ 1,720 ¥ 611 ¥ 32,389 ¥ 34,720 Write-offs — — (30,958 ) (30,958 ) Exchange differences on translating foreign operations 114 267 (342 ) 39 Balance as of March 31, 2019 ¥ 24,565 ¥ 10,808 ¥ 7,830 ¥ 43,203 |
Trade receivables [member] | |
Statement [LineItems] | |
Changes in Allowance for Doubtful Accounts | The changes in the allowance for impairment losses on trade receivables for the years ended March 31, 2017, 2018 and 2019 are as follows: Yen (millions) 2017 2018 2019 Balance at beginning of year ¥ 15,888 ¥ 14,510 ¥ 14,389 Remeasurement ¥ 5,046 ¥ 858 ¥ 251 Write-offs (6,389 ) (706 ) (1,590 ) Exchange differences on translating foreign operations (35 ) (273 ) (495 ) Balance at end of year ¥ 14,510 ¥ 14,389 ¥ 12,555 |
Other Financial Assets (Tables)
Other Financial Assets (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement [LineItems] | |
Summary of Other Financial Assets | Other financial assets as of March 31, 2018 and 2019 consist of the following: Yen (millions) 2018 2019 Financial assets measured at amortized cost: Receivables other than trade receivables and receivables from financial services ¥ 115,046 ¥ 118,256 Debt securities 104,286 54,964 Guaranty deposits 14,234 13,098 Restricted cash 48,230 66,555 Other 9,225 9,776 Allowance for impairment losses (10,145 ) (4,233 ) Financial assets measured at fair value through other comprehensive income: Debt securities — 10,495 Equity securities 210,682 207,035 Financial assets measured at fair value through profit or loss: Derivatives 88,345 46,397 Debt securities 69,829 58,080 Total ¥ 649,732 ¥ 580,423 Current assets ¥ 213,177 ¥ 163,274 Non-current 436,555 417,149 Total ¥ 649,732 ¥ 580,423 |
Major Securities Included in Equity Securities Designated as Financial Assets Measured at Fair Value Through Other Comprehensive Income | Major securities included in the equity securities designated as financial assets measured at fair value through other comprehensive income as of March 31, 2018 and 2019 are as follows: As of March 31, 2018 Yen (millions) Fair value Sirius XM Holdings Inc. ¥ 62,207 Stanley Electric Co., Ltd. 36,295 Mitsubishi UFJ Financial Group, Inc. 10,108 Shindengen Electric Manufacturing Co., Ltd. 9,394 NIPPON SEIKI CO., LTD. 7,247 Daido Steel Co., Ltd. 7,101 As of March 31, 2019 Yen (millions) Fair value GM Cruise Holdings LLC ¥ 83,242 Stanley Electric Co., Ltd. 27,475 Mitsubishi UFJ Financial Group, Inc. 7,976 NIPPON SEIKI CO., LTD. 6,714 NIKKON Holdings Co., Ltd. 6,414 Tokio Marine Holdings, Inc. 5,859 |
Summary of Fair Values at Date of Derecognition and Cumulative Net Gains or Losses Recognized in Other Comprehensive Income in Equity | The fair values at the date of derecognition and cumulative net gains or losses recognized in other comprehensive income in equity for the years ended March 31, 2017, 2018 and 2019 are as follows: Yen (millions) 2017 2018 2019 Fair value ¥ 2 ¥ 431 ¥ 61,038 Cumulative net gain or loss ¥ (1 ) ¥ 302 ¥ 39,382 |
Other financial assets [member] | |
Statement [LineItems] | |
Summary of Changes in Allowance for Impairment Losses | The changes in the allowance for impairment losses on other financial assets for the years ended March 31, 2017, 2018 and 2019 are as follows: Yen (millions) 2017 2018 2019 Balance at beginning of year ¥ 11,731 ¥ 10,964 ¥ 10,145 Remeasurement ¥ 219 ¥ 343 ¥ 284 Write-offs (936 ) (1,179 ) (6,194 ) Exchange differences on translating foreign operations (50 ) 17 (2 ) Balance at end of year ¥ 10,964 ¥ 10,145 ¥ 4,233 |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Inventories | Inventories as of March 31, 2018 and 2019 consist of the following: Yen (millions) 2018 2019 Finished goods ¥ 931,774 ¥ 973,797 Work in process 69,702 78,006 Raw materials 521,979 534,984 Total ¥ 1,523,455 ¥ 1,586,787 |
Investments Accounted for Usi_2
Investments Accounted for Using the Equity Method (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Equity in Affiliates and Joint Ventures | Honda’s equity in affiliates and joint ventures as of March 31, 2018 and 2019 is as follows: Yen (millions) 2018 2019 Investments accounted for using the equity method: Affiliates ¥ 359,784 ¥ 382,706 Joint ventures 319,733 330,333 Total ¥ 679,517 ¥ 713,039 Honda’s equity of undistributed earnings: Affiliates ¥ 261,296 ¥ 294,532 Joint ventures 230,387 249,284 Total ¥ 491,683 ¥ 543,816 |
Share of Comprehensive Income of Affiliates and Joint Ventures | Honda’s share of comprehensive income of affiliates and joint ventures for the years ended March 31, 2017, 2018 and 2019 is as follows: Yen (millions) 2017 2018 2019 Profit for the year: Affiliates ¥ 9,626 ¥ 45,501 ¥ 43,137 Joint ventures 155,167 202,142 185,690 Total ¥ 164,793 ¥ 247,643 ¥ 228,827 Other comprehensive income: Affiliates ¥ (6,560 ) ¥ 4,983 ¥ (13,150 ) Joint ventures (12,822 ) 7,325 (8,534 ) Total ¥ (19,382 ) ¥ 12,308 ¥ (21,684 ) Comprehensive income for the year: Affiliates ¥ 3,066 ¥ 50,484 ¥ 29,987 Joint ventures 142,345 209,467 177,156 Total ¥ 145,411 ¥ 259,951 ¥ 207,143 |
Summarized Financial Information | Summarized financial information of Dongfeng Honda Automobile Co., Ltd. as of March 31, 2018 and 2019 is as follows: Yen (millions) 2018 2019 Current assets ¥ 548,948 ¥ 513,364 Non-current 160,874 195,806 Total assets 709,822 709,170 Current liabilities 397,669 369,119 Non-current 41,032 42,264 Total liabilities 438,701 411,383 Total equity ¥ 271,121 ¥ 297,787 Honda’s share of total equity (50%) 135,561 148,893 Equity method adjustments (1,389 ) (1,310 ) Carrying amount of its interest in the joint venture ¥ 134,172 ¥ 147,583 Cash and cash equivalents included in current assets ¥ 275,571 ¥ 201,698 Financial liabilities (excluding trade payables and provisions) included in current liabilities 4,421 4,628 Summarized financial information of Dongfeng Honda Automobile Co., Ltd. for the years ended March 31, 2017, 2018 and 2019 is as follows: Yen (millions) 2017 2018 2019 Sales revenue ¥ 1,321,596 ¥ 1,695,603 ¥ 1,696,651 Interest income 4,663 8,998 6,190 Depreciation and amortization 16,391 16,001 16,091 Income tax expense 49,928 60,295 58,504 Profit for the year 140,916 185,604 176,787 Other comprehensive income (12,558 ) 11,586 (8,354 ) Comprehensive income for the year ¥ 128,358 ¥ 197,190 ¥ 168,433 Comprehensive income for the year (50%) 64,179 98,595 84,217 Equity method adjustments 177 842 56 Honda’s share of comprehensive income for the year ¥ 64,356 ¥ 99,437 ¥ 84,273 Dividend from the joint venture to Honda ¥ 53,554 ¥ 75,407 ¥ 70,788 |
Combined Financial Information of Affiliates and Joint Ventures | Combined financial information in respect of affiliates as of March 31, 2018 and 2019, and for the years ended March 31, 2017, 2018 and 2019 is as follows: Yen (millions) For the year ended March 31, 2017 Motorcycle Automobile Power Product Total Sales revenue ¥ 158,174 ¥ 2,515,601 ¥ 6,724 ¥ 2,680,499 Profit for the year 10,112 60,145 973 71,230 Yen (millions) As of and for the year ended March 31, 2018 Motorcycle Automobile Power Product Total Current assets ¥ 56,573 ¥ 1,091,352 ¥ 8,190 ¥ 1,156,115 Non-current 29,300 1,078,735 22,481 1,130,516 Total assets 85,873 2,170,087 30,671 2,286,631 Current liabilities 25,806 614,762 2,399 642,967 Non-current 5,638 231,325 1,280 238,243 Total liabilities 31,444 846,087 3,679 881,210 Total equity ¥ 54,429 ¥ 1,324,000 ¥ 26,992 ¥ 1,405,421 Sales revenue ¥ 168,229 ¥ 2,589,380 ¥ 6,777 ¥ 2,764,386 Profit for the year 11,115 99,119 1,001 111,235 Yen (millions) As of and for the year ended March 31, 2019 Motorcycle Automobile Power Product Total Current assets ¥ 53,449 ¥ 1,143,390 ¥ 8,897 ¥ 1,205,736 Non-current 31,464 1,069,087 22,821 1,123,372 Total assets 84,913 2,212,477 31,718 2,329,108 Current liabilities 24,307 594,494 2,751 621,552 Non-current 4,414 216,199 1,168 221,781 Total liabilities 28,721 810,693 3,919 843,333 Total equity ¥ 56,192 ¥ 1,401,784 ¥ 27,799 ¥ 1,485,775 Sales revenue ¥ 170,750 ¥ 2,657,023 ¥ 7,004 ¥ 2,834,777 Profit for the year 8,654 143,833 766 153,253 Combined financial information in respect of joint ventures as of March 31, 2018 and 2019, and for the years ended March 31, 2017, 2018 and 2019 is as follows: Yen (millions) For the year ended March 31, 2017 Motorcycle Automobile Power Product Total Sales revenue ¥ 671,227 ¥ 3,038,643 ¥ 4,796 ¥ 3,714,666 Profit for the year 58,585 250,451 380 309,416 Yen (millions) As of and for the year ended March 31, 2018 Motorcycle Automobile Power Product Total Current assets ¥ 208,510 ¥ 1,219,060 ¥ 2,736 ¥ 1,430,306 Non-current 106,351 285,869 600 392,820 Total assets 314,861 1,504,929 3,336 1,823,126 Current liabilities 176,486 930,759 759 1,108,004 Non-current 9,884 73,508 1,190 84,582 Total liabilities 186,370 1,004,267 1,949 1,192,586 Total equity ¥ 128,491 ¥ 500,662 ¥ 1,387 ¥ 630,540 Sales revenue ¥ 701,676 ¥ 3,835,476 ¥ 5,151 ¥ 4,542,303 Profit for the year 56,733 347,661 337 404,731 Yen (millions) As of and for the year ended March 31, 2019 Motorcycle Automobile Power Product Total Current assets ¥ 210,818 ¥ 1,179,520 ¥ 3,112 ¥ 1,393,450 Non-current 119,749 377,019 683 497,451 Total assets 330,567 1,556,539 3,795 1,890,901 Current liabilities 192,951 929,071 1,039 1,123,061 Non-current 10,842 81,316 873 93,031 Total liabilities 203,793 1,010,387 1,912 1,216,092 Total equity ¥ 126,774 ¥ 546,152 ¥ 1,883 ¥ 674,809 Sales revenue ¥ 746,385 ¥ 3,819,913 ¥ 5,907 ¥ 4,572,205 Profit for the year 54,230 316,491 433 371,154 |
Property, Plant and Equipment (
Property, Plant and Equipment (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement [LineItems] | |
Future Minimum Lease Payments Expected to be Received under Non-cancellable Operating Leases to be Received | Future minimum lease payments expected to be received under non-cancelable Yen (millions) 2018 2019 Within 1 year ¥ 689,284 ¥ 736,650 Between 1 and 5 years 777,582 897,789 Later than 5 years — — Total ¥ 1,466,866 ¥ 1,634,439 |
Equipment on operating leases [member] | |
Statement [LineItems] | |
Summary of Property, Plant and Equipment | The changes in cost, accumulated depreciation and impairment losses, and the carrying amounts of equipment on operating leases for the years ended March 31, 2018 and 2019 are as follows: (Cost) Yen (millions) Balance as of April 1, 2017 ¥ 5,114,543 Additions ¥ 1,799,155 Sales or disposal (1,475,302 ) Exchange differences on translating foreign operations (219,950 ) Other — Balance as of March 31, 2018 ¥ 5,218,446 Additions ¥ 2,038,734 Sales or disposal (1,721,471 ) Exchange differences on translating foreign operations 164,802 Other — Balance as of March 31, 2019 ¥ 5,700,511 (Accumulated depreciation and impairment losses) Yen (millions) Balance as of April 1, 2017 ¥ (1,009,880 ) Depreciation ¥ (744,717 ) Sales or disposal 591,721 Exchange differences on translating foreign operations 44,474 Other (11,911 ) Balance as of March 31, 2018 ¥ (1,130,313 ) Depreciation ¥ (781,082 ) Sales or disposal 704,691 Exchange differences on translating foreign operations (32,242 ) Other (12,716 ) Balance as of March 31, 2019 ¥ (1,251,662 ) (Carrying amount) Yen (millions) Balance as of March 31, 2018 ¥ 4,088,133 Balance as of March 31, 2019 4,448,849 |
Property, plant and equipment [member] | |
Statement [LineItems] | |
Summary of Property, Plant and Equipment | The changes in cost, accumulated depreciation and impairment losses, and the carrying amounts of property, plant and equipment for the years ended March 31, 2018 and 2019 are as follows: (Cost) Yen (millions) Land Buildings and Machinery and Construction in Total Balance as of April 1, 2017 ¥ 546,855 ¥ 2,231,274 ¥ 5,305,139 ¥ 277,086 ¥ 8,360,354 Additions ¥ 397 ¥ 7,725 ¥ 134,604 ¥ 342,052 ¥ 484,778 Reclassification 1,216 58,706 359,442 (419,364 ) — Sales or disposal (1,543 ) (13,937 ) (276,782 ) — (292,262 ) Exchange differences on translating foreign operations (1,733 ) (34,039 ) (140,296 ) (6,390 ) (182,458 ) Other — (936 ) (1,602 ) (825 ) (3,363 ) Balance as of March 31, 2018 ¥ 545,192 ¥ 2,248,793 ¥ 5,380,505 ¥ 192,559 ¥ 8,367,049 Additions 304 10,399 174,686 281,268 466,657 Reclassification 2,421 64,101 194,365 (260,887 ) — Sales or disposal (1,469 ) (11,432 ) (294,761 ) — (307,662 ) Exchange differences on translating foreign operations 307 15,931 63,898 2,647 82,783 Other 128 (269 ) (3,710 ) (1,618 ) (5,469 ) Balance as of March 31, 2019 ¥ 546,883 ¥ 2,327,523 ¥ 5,514,983 ¥ 213,969 ¥ 8,603,358 (Accumulated depreciation and impairment losses) Yen (millions) Land Buildings and Machinery and Construction in Total Balance as of April 1, 2017 ¥ (3,866 ) ¥ (1,224,339 ) ¥ (3,929,601 ) ¥ (2,170 ) ¥ (5,159,976 ) Depreciation ¥ — ¥ (75,561 ) ¥ (437,894 ) ¥ — ¥ (513,455 ) Sales or disposal 18 12,136 239,645 — 251,799 Exchange differences on translating foreign operations (32 ) 16,217 103,037 (99 ) 119,123 Other (299 ) 785 (2,677 ) 84 (2,107 ) Balance as of March 31, 2018 ¥ (4,179 ) ¥ (1,270,762 ) ¥ (4,027,490 ) ¥ (2,185 ) ¥ (5,304,616 ) Depreciation — (74,391 ) (424,645 ) — (499,036 ) Impairment losses (1,052 ) (6,077 ) (17,944 ) (1,975 ) (27,048 ) Sales or disposal 22 9,665 254,802 — 264,489 Exchange differences on translating foreign operations 9 (9,266 ) (51,094 ) 23 (60,328 ) Other 636 449 3,936 — 5,021 Balance as of March 31, 2019 ¥ (4,564 ) ¥ (1,350,382 ) ¥ (4,262,435 ) ¥ (4,137 ) ¥ (5,621,518 ) (Carrying amount) Yen (millions) Land Buildings and Machinery and Construction in Total Balance as of March 31, 2018 ¥ 541,013 ¥ 978,031 ¥ 1,353,015 ¥ 190,374 ¥ 3,062,433 Balance as of March 31, 2019 542,319 977,141 1,252,548 209,832 2,981,840 |
Intangible Assets (Tables)
Intangible Assets (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Changes in Cost, Accumulated Amortization and Impairment Losses, and Carrying Amounts of Intangible Assets | The changes in cost, accumulated amortization and impairment losses, and carrying amounts of intangible assets for the years ended March 31, 2018 and 2019 are as follows: (Cost) Yen (millions) Capitalized Software Other Total Balance as of April 1, 2017 ¥ 977,134 ¥ 347,045 ¥ 33,862 ¥ 1,358,041 Additions ¥ — ¥ 12,765 ¥ 2,469 ¥ 15,234 Internally developed 132,800 13,586 — 146,386 Sales or disposal (137,637 ) (13,757 ) (1,695 ) (153,089 ) Exchange differences on translating foreign operations 667 (4,388 ) (289 ) (4,010 ) Other — (88 ) (878 ) (966 ) Balance as of March 31, 2018 ¥ 972,964 ¥ 355,163 ¥ 33,469 ¥ 1,361,596 Additions ¥ — ¥ 11,836 ¥ 3,956 ¥ 15,792 Internally developed 161,232 14,975 — 176,207 Sales or disposal (104,237 ) (5,082 ) (265 ) (109,584 ) Exchange differences on translating foreign operations 183 2,701 (1,067 ) 1,817 Other — (29 ) 2,195 2,166 Balance as of March 31, 2019 ¥ 1,030,142 ¥ 379,564 ¥ 38,288 ¥ 1,447,994 (Accumulated amortization and impairment losses) Yen (millions) Capitalized Software Other Total Balance as of April 1, 2017 ¥ (358,130 ) ¥ (211,912 ) ¥ (9,807 ) ¥ (579,849 ) Amortization ¥ (153,922 ) ¥ (40,663 ) ¥ (1,359 ) ¥ (195,944 ) Sales or disposal 137,637 12,610 1,057 151,304 Exchange differences on translating foreign operations (28 ) 3,423 352 3,747 Other — (146 ) 806 660 Balance as of March 31, 2018 ¥ (374,443 ) ¥ (236,688 ) ¥ (8,951 ) ¥ (620,082 ) Amortization ¥ (148,100 ) ¥ (39,224 ) ¥ (1,243 ) ¥ (188,567 ) Sales or disposal 104,237 2,842 59 107,138 Exchange differences on translating foreign operations (9 ) (2,040 ) 222 (1,827 ) Other — 612 (900 ) (288 ) Balance as of March 31, 2019 ¥ (418,315 ) ¥ (274,498 ) ¥ (10,813 ) ¥ (703,626 ) (Carrying amount) Yen (millions) Capitalized Software Other Total Balance as of March 31, 2018 ¥ 598,521 ¥ 118,475 ¥ 24,518 ¥ 741,514 Balance as of March 31, 2019 611,827 105,066 27,475 744,368 |
Trade Payables (Tables)
Trade Payables (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Trade Payables | Trade payables as of March 31, 2018 and 2019 consist of the following: Yen (millions) 2018 2019 Trade accounts and notes payable ¥ 1,075,545 ¥ 1,056,065 Other 149,082 128,817 Total ¥ 1,224,627 ¥ 1,184,882 |
Financing Liabilities (Tables)
Financing Liabilities (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement [LineItems] | |
Pledged Assets for Financing Liabilities | Pledged assets for financing liabilities as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Trade receivables ¥ 24,571 ¥ 26,286 Receivables from financial services 1,047,676 1,134,489 Inventories 17,528 26,677 Property, plant and equipment 58,720 55,139 Total ¥ 1,148,495 ¥ 1,242,591 |
The Changes in Liabilities Arising from Financing Activities | The changes in liabilities arising from financing activities for the years ended March 31, 2018 and 2019 are as follows: For the year ended March 31, 2018 Yen (millions) Balance Cash flows Cash flows Non-cash Balance Acquisitions Changes Changes Other Short-term financing liabilities ¥ 1,162,111 ¥ 101,885 ¥ — ¥ — ¥ (28,854 ) ¥ — ¥ 1,505 ¥ 1,236,647 Long-term financing liabilities 5,647,007 80,042 — — (169,403 ) — 4,717 5,562,363 Lease obligations *1 69,364 (47,449 ) — 50,610 (468 ) — 566 72,623 Derivative financial liabilities (assets) *2 25,300 — (3,308 ) — (1,732 ) (36,466 ) — (16,206 ) Total ¥ 6,903,782 ¥ 134,478 ¥ (3,308 ) ¥ 50,610 ¥ (200,457 ) ¥ (36,466 ) ¥ 6,788 ¥ 6,855,427 For the year ended March 31, 2019 Yen (millions) Balance Cash flows Cash flows Non-cash Balance Acquisitions Changes Changes Other Short-term financing liabilities ¥ 1,236,647 ¥ 221,551 ¥ — ¥ — ¥ 14,568 ¥ — ¥ 858 ¥ 1,473,624 Long-term financing liabilities 5,562,363 174,160 — — 118,789 — 2,184 5,857,496 Lease obligations *1 72,623 (47,106 ) — 37,028 (237 ) — — 62,308 Derivative financial liabilities (assets) *2 (16,206 ) 3,342 (9,187 ) — (859 ) 47,487 — 24,577 Total ¥ 6,855,427 ¥ 351,947 ¥ (9,187 ) ¥ 37,028 ¥ 132,261 ¥ 47,487 ¥ 3,042 ¥ 7,418,005 Explanatory notes: *1 The cash flows arising from lease obligations are included in other, net in cash flows from financing activities in the consolidated statements of cash flows. *2 Derivative financial liabilities (assets) are held by the finance subsidiaries of the Company to hedge foreign currency risk for principals and interests payment of long-term financing liabilities. The cash flows related to repayments of principals are included in cash flows from financing activities, while the cash flows related to interest paid are included in cash flows from operating activities. |
Current borrowings [member] | |
Statement [LineItems] | |
Summary of Financing Liabilities | Financing liabilities presented in current liabilities as of March 31, 2018 and 2019 consist of the following: Yen (millions) 2018 2019 Current: Commercial paper ¥ 849,605 ¥ 943,905 Loans 312,992 366,620 Medium-term notes 40,070 122,080 Asset-backed securities 33,980 41,019 Subtotal ¥ 1,236,647 ¥ 1,473,624 Reclassification from non-current ¥ 1,680,614 ¥ 1,715,158 Total ¥ 2,917,261 ¥ 3,188,782 |
Interest Rates for Financing Liabilities | The weighted average interest rates for financing liabilities presented in current liabilities (excluding reclassification from non-current 2018 2019 Weighted average interest rate 1.51 % 1.85 % |
Non-current liabilities [member] | |
Statement [LineItems] | |
Summary of Financing Liabilities | Financing liabilities presented in non-current Yen (millions) 2018 2019 Non-current: Loans ¥ 1,253,429 ¥ 1,235,791 Medium-term notes 2,885,168 3,151,868 Corporate bonds 454,543 444,517 Asset-backed securities 969,223 1,025,320 Subtotal ¥ 5,562,363 ¥ 5,857,496 Reclassification to current liabilities (Current portion) ¥ (1,680,614 ) ¥ (1,715,158 ) Total ¥ 3,881,749 ¥ 4,142,338 |
Interest Rates for Financing Liabilities | The interest rate range and payment due date for financing liabilities presented in non-current 2018 2019 Loans Interest rate: 0.09% - 15.00% Due: 2018 - 2046 Interest rate: 0.10% - 10.50% Due: 2019 - 2046 Medium-term notes Interest rate: 0.07% - 7.63% Due: 2018 - 2028 Interest rate: 0.35% - 3.88% Due: 2019 - 2028 Corporate bonds Interest rate: 0.01% - 0.59% Due: 2018 - 2022 Interest rate: 0.01% - 0.59% Due: 2019 - 2023 Asset-backed securities Interest rate: 0.13% - 2.83% Due: 2018 - 2023 Interest rate: 0.11% - 3.30% Due: 2019 - 2024 |
Other Financial Liabilities (Ta
Other Financial Liabilities (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Other Financial Liabilities | Other financial liabilities as of March 31, 2018 and 2019 consist of the following: Yen (millions) 2018 2019 Financial liabilities measured at amortized cost ¥ 50,001 ¥ 64,800 Financial liabilities measured at fair value through profit or loss: Derivatives 52,786 69,491 Lease obligations 72,623 62,308 Total ¥ 175,410 ¥ 196,599 Current liabilities ¥ 115,405 ¥ 132,910 Non-current 60,005 63,689 Total ¥ 175,410 ¥ 196,599 |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Components of and Changes in Provisions | The components of and changes in provisions for the year ended March 31, 2019 are as follows: Yen (millions) Product Other Total Balance as of April 1, 2018 ¥ 457,596 ¥ 69,023 ¥ 526,619 Effect of changes in accounting policy ¥ (4,536 ) ¥ — ¥ (4,536 ) Adjusted balance as of April 1, 2018 ¥ 453,060 ¥ 69,023 ¥ 522,083 Provision ¥ 247,194 ¥ 75,866 ¥ 323,060 Write-offs (231,230 ) (25,314 ) (256,544 ) Reversal (17,596 ) (9,023 ) (26,619 ) Exchange differences on translating foreign operations 7,054 474 7,528 Balance as of March 31, 2019 ¥ 458,482 ¥ 111,026 ¥ 569,508 Explanatory note: * Honda recognizes provisions for product warranties to cover future product warranty expenses. Honda recognizes costs for general warranties on products Honda sells and for specific warranty programs, including product recalls. Honda recognizes general estimated warranty costs at the time products are sold to customers. Honda also recognizes specific estimated warranty program costs when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. These provisions are estimated based on historical warranty claim experience with consideration given to the expected level of future warranty costs as well as current information on repair costs. Provision for product warranties are utilized for expenditures based on the demand from customers and dealers. |
Current Liabilities and Non-current Liabilities of Provisions | Current liabilities and non-current Yen (millions) 2018 2019 Current liabilities ¥ 305,994 ¥ 348,763 Non-current 220,625 220,745 Total ¥ 526,619 ¥ 569,508 |
Employee Benefits (Tables)
Employee Benefits (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Changes in Present Value of Defined Benefit Obligations and Fair Value of Plan Assets | The changes in present value of defined benefit obligations and fair value of plan assets of the Company and certain of its consolidated subsidiaries for the years ended March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Japanese plans Foreign plans Japanese plans Foreign plans Present value of defined benefit obligations: Balance at beginning of year ¥ 1,362,192 ¥ 1,057,351 ¥ 1,331,475 ¥ 1,042,753 Current service cost 35,138 28,387 36,300 29,133 Past service cost — 506 — 338 Interest cost 10,493 39,401 9,535 39,547 Plan participants’ contributions — 1,579 — 1,903 Transfer to defined contribution plan (63,055 ) — — — Remeasurements: Changes in demographic assumptions 13,843 (1,951 ) (25,360 ) (3,648 ) Changes in financial assumptions 19,783 30,612 34,655 36,157 Other (4,599 ) (21,512 ) 21,981 8,943 Benefits paid (42,320 ) (56,631 ) (42,206 ) (96,801 ) Exchange differences on translating — (34,989 ) — 28,113 Balance at end of year ¥ 1,331,475 ¥ 1,042,753 ¥ 1,366,380 ¥ 1,086,438 Fair value of plan assets: Balance at beginning of year ¥ 1,182,140 ¥ 795,561 ¥ 1,219,073 ¥ 807,528 Interest income 9,630 29,950 8,807 30,553 Actual return on plan assets, excluding 45,841 35,412 34,142 10,489 Employer contributions 21,652 25,964 22,109 87,803 Plan participants’ contributions — 1,579 — 1,903 Benefits paid (40,190 ) (56,631 ) (39,601 ) (96,801 ) Exchange differences on translating — (24,307 ) — 19,383 Balance at end of year ¥ 1,219,073 ¥ 807,528 ¥ 1,244,530 ¥ 860,858 Net defined benefit liabilities ¥ 112,402 ¥ 235,225 ¥ 121,850 ¥ 225,580 |
Fair Value of Japanese and Foreign Pension Plan Assets By Asset Category | The fair value of the Japanese and foreign pension plan assets by asset category as of March 31, 2018 and 2019 is as follows: As of March 31, 2018 Yen (millions) Japanese plans Foreign plans Market price in active market Market price in active market Quoted Unquoted Total Quoted Unquoted Total Cash and cash equivalents ¥ 5,464 ¥ — ¥ 5,464 ¥ 5,659 ¥ — ¥ 5,659 Equity securities: Japan 31,306 — 31,306 18,333 — 18,333 United States 214,783 — 214,783 92,774 — 92,774 Other 228,083 — 228,083 94,156 4,503 98,659 Debt securities: Japan 73,125 1,375 74,500 — 183 183 United States 2,799 121,574 124,373 — 105,986 105,986 Other 149,589 94,703 244,292 — 12,561 12,561 Group annuity insurance: General accounts — 32,322 32,322 — — — Separate accounts — 16,243 16,243 — — — Pooled funds: Real estate funds — — — — 61,459 61,459 Private equity funds — — — — 73,972 73,972 Hedge funds — 112,011 112,011 — 53,357 53,357 Commingled and other mutual funds 2,213 130,645 132,858 54,063 213,938 268,001 Other 8 2,830 2,838 (875 ) 17,459 16,584 Total ¥ 707,370 ¥ 511,703 ¥ 1,219,073 ¥ 264,110 ¥ 543,418 ¥ 807,528 As of March 31, 2019 Yen (millions) Japanese plans Foreign plans Market price in active market Market price in active market Quoted Unquoted Total Quoted Unquoted Total Cash and cash equivalents ¥ 9,207 ¥ — ¥ 9,207 ¥ 36,373 ¥ — ¥ 36,373 Equity securities: Japan 32,885 1 32,886 13,970 — 13,970 United States 234,226 — 234,226 94,332 — 94,332 Other 231,162 242 231,404 112,403 4,614 117,017 Debt securities: Japan 71,487 — 71,487 — 433 433 United States 3,036 143,673 146,709 — 119,942 119,942 Other 181,728 47,845 229,573 — 10,910 10,910 Group annuity insurance: General accounts — 34,663 34,663 — — — Separate accounts — 16,569 16,569 — — — Pooled funds: Real estate funds — — — — 53,100 53,100 Private equity funds — — — — 91,264 91,264 Hedge funds — 116,183 116,183 — 61,520 61,520 Commingled and other mutual funds 3,859 111,914 115,773 8,882 238,504 247,386 Other 32 5,818 5,850 (1,447 ) 16,058 14,611 Total ¥ 767,622 ¥ 476,908 ¥ 1,244,530 ¥ 264,513 ¥ 596,345 ¥ 860,858 |
Significant Actuarial Assumptions Used to Determine Present Value of Defined Benefit Obligations | The significant actuarial assumptions used to determine the present value of defined benefit obligations as of March 31, 2018 and 2019 are as follows: 2018 2019 Japanese plans Foreign plans Japanese plans Foreign plans Discount rate 0.7 % 2.8 - 4.2% 0.6 % 2.5 - 3.9% Rate of salary increase 1.7 % 2.5 - 3.0% 1.6 % 2.5 - 3.0% |
Effects on Defined Benefit Obligations Due to Increase or Decrease in Discount Rate | The effects on defined benefit obligations of 0.5% increase or decrease in the discount rate as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Japanese plans Foreign plans Japanese plans Foreign plans 0.5% decrease ¥ 112,535 increase ¥ 97,682 increase ¥ 114,468 increase ¥ 102,878 increase 0.5% increase ¥ 99,540 decrease ¥ 85,897 decrease ¥ 101,281 decrease ¥ 90,659 decrease |
Weighted Average Duration of Defined Benefit Obligations | The weighted average duration of defined benefit obligations as of March 31, 2018 and 2019 are as follows: 2018 2019 Japanese plans Foreign plans Japanese plans Foreign plans Weighted average duration of defined benefit obligations 16 years 17 years 16 years 17 years |
Personnel Expenses Included in Consolidated Statements of Income | Personnel expenses included in the consolidated statements of income for the years ended March 31, 2017, 2018 and 2019 are as follows: Yen (millions) 2017 2018 2019 Personnel expenses ¥ 1,373,578 ¥ 1,576,012 ¥ 1,634,785 |
Equity (Tables)
Equity (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Financial Liabilities and Equity | Financing liabilities and equity of Honda as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Financing liabilities ¥ 6,799,010 ¥ 7,331,120 Equity 8,234,095 8,565,790 |
Total Number of Shares Authorized and Issued | The Company’s total number of shares authorized and issued for the years ended March 31, 2017, 2018 and 2019 are as follows: Shares 2017 2018 2019 Total number of authorized shares Balance at end of year Common shares, no par value 7,086,000,000 7,086,000,000 7,086,000,000 Total number of issued shares Balance at beginning of year 1,811,428,430 1,811,428,430 1,811,428,430 Changes during the year — — — Balance at end of year 1,811,428,430 1,811,428,430 1,811,428,430 |
Total Number of Treasury Stock Held | The total number of the Company’s treasury stock held by Honda as of March 31, 2017, 2018 and 2019 is as follows: Shares 2017 2018 2019 Common shares 9,148,035 33,150,615 51,867,045 |
Changes in Other Components of Equity | The changes in other components of equity for the years ended March 31, 2017, 2018 and 2019 are as follows: Yen (millions) Remeasurements of Net changes in revaluation of Exchange differences Total Balance as of April 1, 2016 ¥ — ¥ 61,639 ¥ 274,476 ¥ 336,115 Adjustment during the year ¥ 64,478 ¥ 24,049 ¥ (9,017 ) ¥ 79,510 Reclassification to retained earnings (64,478 ) 259 — (64,219 ) Balance as of March 31, 2017 ¥ — ¥ 85,947 ¥ 265,459 ¥ 351,406 Adjustment during the year ¥ 12,125 ¥ 20,655 ¥ (192,572 ) ¥ (159,792 ) Reclassification to retained earnings (12,125 ) (1,197 ) — (13,322 ) Balance as of March 31, 2018 ¥ — ¥ 105,405 ¥ 72,887 ¥ 178,292 Effect of changes in accounting policy ¥ — ¥ (208 ) ¥ — ¥ (208 ) Effect of hyperinflation — — 14,896 14,896 Adjusted balance as of April 1, 2018 ¥ — ¥ 105,197 ¥ 87,783 ¥ 192,980 Adjustment during the year ¥ (23,383 ) ¥ (26,696 ) ¥ 77,372 ¥ 27,293 Reclassification to retained earnings 23,383 (29,273 ) — (5,890 ) Balance as of March 31, 2019 ¥ — ¥ 49,228 ¥ 165,155 ¥ 214,383 |
Each Component of Other Comprehensive Income and Related Tax Effect Including Non-controlling Interests | Each component of other comprehensive income and related tax effect including non-controlling For the year ended March 31, 2017 Yen (millions) Before-tax Tax benefit Net-of-tax Items that will not be reclassified to profit or loss: Remeasurements of defined benefit plans: Amount incurred during the year ¥ 90,502 ¥ (32,348 ) ¥ 58,154 Net changes 90,502 (32,348 ) 58,154 Net changes in revaluation of financial assets measured at fair value through other comprehensive income: Amount incurred during the year 34,189 (11,482 ) 22,707 Net changes 34,189 (11,482 ) 22,707 Share of other comprehensive income of investments accounted for using the equity method: Amount incurred during the year 3,317 (55 ) 3,262 Net changes 3,317 (55 ) 3,262 Items that may be reclassified subsequently to profit or loss: Net changes in revaluation of financial assets measured at fair value through other comprehensive income: Amount incurred during the year — — — Reclassification to profit or loss — — — Net changes — — — Exchange differences on translating foreign operations: Amount incurred during the year 7,923 3 7,926 Reclassification to profit or loss 141 (3 ) 138 Net changes 8,064 — 8,064 Share of other comprehensive income of investments accounted for using the equity method: Amount incurred during the year (24,158 ) 1,428 (22,730 ) Reclassification to profit or loss 100 (14 ) 86 Net changes (24,058 ) 1,414 (22,644 ) Total other comprehensive income ¥ 112,014 ¥ (42,471 ) ¥ 69,543 For the year ended March 31, 2018 Yen (millions) Before-tax Tax benefit Net-of-tax Items that will not be reclassified to profit or loss: Remeasurements of defined benefit plans: Amount incurred during the year ¥ 47,383 ¥ (34,039 ) ¥ 13,344 Net changes 47,383 (34,039 ) 13,344 Net changes in revaluation of financial assets measured at fair value through other comprehensive income: Amount incurred during the year 20,020 (732 ) 19,288 Net changes 20,020 (732 ) 19,288 Share of other comprehensive income of investments accounted for using the equity method: Amount incurred during the year 1,729 (41 ) 1,688 Net changes 1,729 (41 ) 1,688 Items that may be reclassified subsequently to profit or loss: Net changes in revaluation of financial assets measured at fair value through other comprehensive income: Amount incurred during the year — — — Reclassification to profit or loss — — — Net changes — — — Exchange differences on translating foreign operations: Amount incurred during the year (204,372 ) (4 ) (204,376 ) Reclassification to profit or loss 188 4 192 Net changes (204,184 ) — (204,184 ) Share of other comprehensive income of investments accounted for using the equity method: Amount incurred during the year 12,266 (521 ) 11,745 Reclassification to profit or loss (1,155 ) 30 (1,125 ) Net changes 11,111 (491 ) 10,620 Total other comprehensive income ¥ (123,941 ) ¥ (35,303 ) ¥ (159,244 ) For the year ended March 31, 2019 Yen (millions) Before-tax Tax benefit Net-of-tax Items that will not be reclassified to profit or loss: Remeasurements of defined benefit plans: Amount incurred during the year ¥ (25,538 ) ¥ 1,793 ¥ (23,745 ) Net changes (25,538 ) 1,793 (23,745 ) Net changes in revaluation of financial assets measured at fair value through other comprehensive income: Amount incurred during the year (34,898 ) 10,852 (24,046 ) Net changes (34,898 ) 10,852 (24,046 ) Share of other comprehensive income of investments accounted for using the equity method: Amount incurred during the year (3,029 ) 192 (2,837 ) Net changes (3,029 ) 192 (2,837 ) Items that may be reclassified subsequently to profit or loss: Net changes in revaluation of financial assets measured at fair value through other comprehensive income: Amount incurred during the year 378 (55 ) 323 Reclassification to profit or loss (88 ) (7 ) (95 ) Net changes 290 (62 ) 228 Exchange differences on translating foreign operations: Amount incurred during the year 97,122 (443 ) 96,679 Reclassification to profit or loss (1,554 ) 443 (1,111 ) Net changes 95,568 — 95,568 Share of other comprehensive income of investments accounted for using the equity method: Amount incurred during the year (19,793 ) 946 (18,847 ) Reclassification to profit or loss — — — Net changes (19,793 ) 946 (18,847 ) Total other comprehensive income ¥ 12,600 ¥ 13,721 ¥ 26,321 |
Components of Other Comprehensive Income Included in Non-controlling Interests | The components of other comprehensive income included in non-controlling Yen (millions) 2017 2018 2019 Items that will not be reclassified to profit or loss: Remeasurements of defined benefit plans ¥ (4,413 ) ¥ 1,534 ¥ (338 ) Net changes in revaluation of financial assets measured at fair value through other comprehensive income 9 6 17 Items that may be reclassified subsequently to profit or loss: Exchange differences on translating foreign operations (5,563 ) (992 ) (651 ) Total ¥ (9,967 ) ¥ 548 ¥ (972 ) |
Dividends from Retained Earnings | The amounts recognized as dividends of retained earnings for the years ended March 31, 2017, 2018 and 2019 are as follows: 1) Dividend payout For the year ended March 31, 2017 Resolution The Ordinary General Meeting of Shareholders on June 16, 2016 Type of shares Common shares Total amount of dividends (millions of yen) 39,650 Dividend per share (yen) 22.00 Record date March 31, 2016 Effective date June 17, 2016 Resolution The Board of Directors Meeting on August 2, 2016 Type of shares Common shares Total amount of dividends (millions of yen) 39,650 Dividend per share (yen) 22.00 Record date June 30, 2016 Effective date August 25, 2016 Resolution The Board of Directors Meeting on October 31, 2016 Type of shares Common shares Total amount of dividends (millions of yen) 39,650 Dividend per share (yen) 22.00 Record date September 30, 2016 Effective date November 29, 2016 Resolution The Board of Directors Meeting on February 3, 2017 Type of shares Common shares Total amount of dividends (millions of yen) 43,254 Dividend per share (yen) 24.00 Record date December 31, 2016 Effective date February 28, 2017 For the year ended March 31, 2018 Resolution The Ordinary General Meeting of Shareholders on June 15, 2017 Type of shares Common shares Total amount of dividends (millions of yen) 43,254 Dividend per share (yen) 24.00 Record date March 31, 2017 Effective date June 16, 2017 Resolution The Board of Directors Meeting on August 1, 2017 Type of shares Common shares Total amount of dividends (millions of yen) 43,254 Dividend per share (yen) 24.00 Record date June 30, 2017 Effective date August 25, 2017 Resolution The Board of Directors Meeting on November 1, 2017 Type of shares Common shares Total amount of dividends (millions of yen) 43,254 Dividend per share (yen) 24.00 Record date September 30, 2017 Effective date November 29, 2017 Resolution The Board of Directors Meeting on February 2, 2018 Type of shares Common shares Total amount of dividends (millions of yen) 44,456 Dividend per share (yen) 25.00 Record date December 31, 2017 Effective date February 28, 2018 For the year ended March 31, 2019 Resolution The Board of Directors Meeting on April 27, 2018 Type of shares Common shares Total amount of dividends (millions of yen) 48,013 Dividend per share (yen) 27.00 Record date March 31, 2018 Effective date May 30, 2018 Resolution The Board of Directors Meeting on July 31, 2018 Type of shares Common shares Total amount of dividends (millions of yen) 47,682 Dividend per share (yen) 27.00 Record date June 30, 2018 Effective date August 28, 2018 Resolution The Board of Directors Meeting on October 30, 2018 Type of shares Common shares Total amount of dividends (millions of yen) 49,287 Dividend per share (yen) 28.00 Record date September 30, 2018 Effective date November 28, 2018 Resolution The Board of Directors Meeting on February 1, 2019 Type of shares Common shares Total amount of dividends (millions of yen) 49,287 Dividend per share (yen) 28.00 Record date December 31, 2018 Effective date February 28, 2019 2) Dividends payable of which record date was in the year ended March 31, 2019, effective after the period Resolution The Board of Directors Meeting on May 8, 2019 Type of shares Common shares Resource for dividend Retained earnings Total amount of dividends (millions of yen) 49,287 Dividend per share (yen) 28.00 Record date March 31, 2019 Effective date June 3, 2019 |
Sales Revenue (Tables)
Sales Revenue (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Reconciliation of the Disaggregated Sales Revenue with the Four Reportable Segments | The sales revenue disaggregated by geographical markets based on the location of the customer and the reconciliation of the disaggregated sales revenue with the four reportable segments for the year ended March 31, 2019 are as follows: For the year ended March 31, 2019 Yen (millions) Motorcycle Automobile Financial Power Total Revenue arising from contracts with customers Japan ¥ 79,297 ¥ 1,590,032 ¥ 86,437 ¥ 87,503 ¥ 1,843,269 North America 188,022 6,163,120 1,013,987 135,277 7,500,406 Europe 159,645 427,347 — 60,993 647,985 Asia 1,372,583 2,359,557 33 46,402 3,778,575 Other Regions 297,757 521,124 — 20,608 839,489 Total ¥ 2,097,304 ¥ 11,061,180 ¥ 1,100,457 ¥ 350,783 ¥ 14,609,724 Revenue arising from the other sources* 2,851 10,937 1,264,898 207 1,278,893 Total ¥ 2,100,155 ¥ 11,072,117 ¥ 2,365,355 ¥ 350,990 ¥ 15,888,617 Explanatory note: * Revenue arising from the other sources primarily includes lease revenues recognized under IAS 17 and interest recognized under IFRS 9. |
Summary of Information Regarding Receivables from Contracts with Customers and Contract Liabilities | The receivables from contracts with customers and contract liabilities for the year ended March 31, 2019 are as follows: Yen (millions) As of April 1, 2018 As of March 31, 2019 Receivables from contracts with customers: Trade receivables ¥ 690,061 ¥ 707,337 Contract liabilities: Other current liabilities 241,595 214,888 Other noncurrent liabilities 156,355 165,722 |
Summary of Revenue Expected to be Recognized in the Future Related to Performance Obligations that are Unsatisfied (or Partially Unsatisfied) | The revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of March 31, 2019 is as follows: Yen (millions) 2019 Within 1 year ¥ 103,734 Between 1 and 5 years 185,456 Later than 5 years 12,791 Total ¥ 301,981 |
Summary of Assets Recognized Costs Obtain a Contract With Customer | The assets recognized from the costs to obtain a contract with a customer as of March 31, 2019 are as follows. Yen (millions) 2019 Assets recognized from the costs to obtain a contract with a customer ¥ 105,471 |
Research and Development (Table
Research and Development (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Research and Development Costs | Research and development costs for the years ended March 31, 2017, 2018 and 2019 consist of the following: Yen (millions) 2017 2018 2019 Research and development expenditures incurred during the reporting period ¥ 659,918 ¥ 730,734 ¥ 820,037 Amount capitalized (121,037 ) (132,800 ) (161,232 ) Amortization of capitalized development costs 152,548 153,922 148,100 Total ¥ 691,429 ¥ 751,856 ¥ 806,905 |
Finance Income and Finance Co_2
Finance Income and Finance Costs (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Finance Income and Finance Costs | Finance income and finance costs for the years ended March 31, 2017, 2018 and 2019 consist of the following: Yen (millions) 2017 2018 2019 Interest income: Financial assets measured at amortized cost ¥ 31,331 ¥ 39,645 ¥ 46,862 Financial assets measured at fair value through other comprehensive income — — 323 Financial assets measured at fair value through profit or loss 1,058 1,546 1,433 Total 32,389 41,191 48,618 Interest expense: Financial liabilities measured at amortized cost (12,471 ) (12,970 ) (13,217 ) Other, net: Dividends received: Financial assets measured at fair value through other comprehensive income 4,922 4,708 5,056 Financial assets measured at fair value through profit or loss 11 15 21 Gains (losses) on derivatives: Financial assets and financial liabilities measured at fair value through profit or loss (51,416 ) 67,132 (54,897 ) Gains (losses) on foreign exchange 21,902 (69,197 ) 31,266 Other 6,145 2,893 7,331 Total (18,436 ) 5,551 (11,223 ) Total ¥ 1,482 ¥ 33,772 ¥ 24,178 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Profit Before Income Taxes and Income Tax Expense | Profit before income taxes and income tax expense for the years ended March 31, 2017, 2018 and 2019 consist of the following: Yen (millions) 2017 2018 2019 Japan Foreign Total Japan Foreign Total Japan Foreign Total Profit (loss) before income taxes ¥ 88,336 ¥ 918,650 ¥ 1,006,986 ¥ 126,915 ¥ 988,058 ¥ 1,114,973 ¥ 70,805 ¥ 908,570 ¥ 979,375 Income tax expense (benefit): Current taxes 9,072 187,077 196,149 (2,956 ) 280,316 277,360 32,937 183,828 216,765 Deferred taxes 21,425 110,018 131,443 25,149 (316,175 ) (291,026 ) 58,121 28,203 86,324 Total ¥ 30,497 ¥ 297,095 ¥ 327,592 ¥ 22,193 ¥ (35,859 ) ¥ (13,666 ) ¥ 91,058 ¥ 212,031 ¥ 303,089 |
Reconciliation of Statutory Income Tax Rate to Average Effective Tax Rate | The Japanese statutory income tax rate for the years ended March 31, 2017, 2018 and 2019 differs from the average effective tax rate for the following reasons: 2017 2018 2019 Statutory income tax rate 30.4 % 30.4 % 30.2 % Difference in statutory income tax rates of foreign subsidiaries 0.0 (1.1 ) (4.3 ) Effects of investments accounted for using the equity method (4.9 ) (6.7 ) (7.1 ) Effects of undistributed earnings and withholding taxes on royalty 6.1 7.0 7.7 Changes in unrecognized deferred tax assets 2.7 (0.2 ) 8.3 Effects of income and expense not taxable and deductible for tax purpose 0.2 0.1 0.2 Effects of tax credit (1.3 ) (2.1 ) (3.2 ) Other adjustments relating to prior years (0.2 ) 0.3 (0.1 ) Adjustments for the uncertain tax positions on income taxes 0.3 0.7 0.8 Adjustments for the changes in income tax laws* (0.1 ) (30.1 ) (2.5 ) Other (0.7 ) 0.5 0.9 Average effective tax rate 32.5 % (1.2 )% 30.9 % Explanatory note: * The Tax Cuts and Jobs Act (“the Act”) was enacted in the United States on December 22, 2017. Due to the Act, the federal corporate income tax rate in the United States applicable to the Company’s United States businesses was reduced from 35% to a blended rate of 31.55% for the fiscal year ended March 31, 2018 and to 21% from the fiscal year commencing on April 1, 2018. The Company recognized impacts of the enactment of the Act, including a decrease in income tax expenses of ¥346,129 million, as a result of reevaluating deferred tax assets and liabilities in its consolidated subsidiaries in the United States based on the reduced federal corporate income tax rate, for the fiscal year ended March 31, 2018. |
Components by Major Factor in Deferred Tax Assets and Deferred Tax Liabilities | The components by major factor in deferred tax assets and deferred tax liabilities as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Deferred tax assets: Inventories ¥ 66,801 ¥ 39,044 Accrued expenses 67,410 75,378 Provisions 121,898 101,780 Property, plant and equipment 26,803 18,462 Intangible assets 19,167 22,776 Retirement benefit liabilities 92,272 95,324 Carryforward of unused tax losses 36,732 54,817 Carryforward of unused tax credit 33,743 43,130 Other 126,079 124,588 Total ¥ 590,905 ¥ 575,299 Deferred tax liabilities: Property, plant and equipment ¥ 85,606 ¥ 81,472 Intangible assets 177,899 180,607 Other financial assets 42,886 21,720 Finance leases 33,878 41,050 Operating leases 641,134 718,981 Undistributed earnings 58,630 58,112 Other 51,256 50,450 Total ¥ 1,091,289 ¥ 1,152,392 Net deferred tax assets (liabilities) ¥ (500,384 ) ¥ (577,093 ) |
Changes in Deferred Tax Assets and Deferred Tax Liabilities Recognized as Income Tax Expense in the Consolidated Statements of Income | The changes in deferred tax assets and deferred tax liabilities recognized as income tax expense in the consolidated statements of income for the years ended March 31, 2017, 2018 and 2019 are as follows: Yen (millions) 2017 2018 2019 Inventories ¥ 7,886 ¥ 5,541 ¥ 28,022 Provisions 49,864 45,492 20,711 Property, plant and equipment 19,551 (27,520 ) (499 ) Retirement benefit liabilities 16,212 (623 ) 3,237 Operating leases 83,414 (328,950 ) 49,142 Undistributed earnings (3,704 ) 12,655 215 Carryforward of unused tax losses (13,346 ) 9,226 (19,335 ) Carryforward of unused tax credit (6,394 ) (10,300 ) (8,038 ) Other (22,040 ) 3,453 12,869 Total ¥ 131,443 ¥ (291,026 ) ¥ 86,324 |
Deductible Temporary Differences, Carryforward of Unused Tax Losses and Unused Tax Credit for which Deferred Tax Assets are not Recognized | Deductible temporary differences, carryforward of unused tax losses and carryforward of unused tax credit for which deferred tax assets are not recognized as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Deductible temporary differences ¥ 301,349 ¥ 560,738 Carryforward of unused tax losses 218,783 261,294 Carryforward of unused tax credit 6,202 3,850 |
Components by Expiry of the Carryforward of Unused Tax Losses for which Deferred Tax Assets are not Recognized | The components by expiry of the carryforward of unused tax losses for which deferred tax assets are not recognized as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Within 1 year ¥ 3,755 ¥ 8,759 Between 1 and 5 years 86,277 67,352 Between 5 and 20 years 56,605 101,953 Indefinite periods 72,146 83,230 Total ¥ 218,783 ¥ 261,294 |
Components by Expiry of Carryforward of Unused Tax Credits for which Deferred Tax Assets are not Recognized | The components by expiry of the carryforward of unused tax credit for which deferred tax assets are not recognized as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Within 1 year ¥ 541 ¥ 570 Between 1 and 5 years 1,727 1,422 Between 5 and 20 years 3,934 1,858 Indefinite periods — — Total ¥ 6,202 ¥ 3,850 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Earnings Per Share | Earnings per share attributable to owners of the parent for the years ended March 31, 2017, 2018 and 2019 are calculated based on the following information. There were no dilutive potential common shares outstanding for the years ended March 31, 2017, 2018 and 2019. 2017 2018 2019 Profit for the year attributable to owners of the parent (millions of yen) ¥ 616,569 ¥ 1,059,337 ¥ 610,316 Weighted average number of common shares outstanding, basic (shares) 1,802,282,093 1,793,088,970 1,763,983,221 Basic earnings per share attributable to owners of the parent (yen) ¥ 342.10 ¥ 590.79 ¥ 345.99 |
Financial Risk Management (Tabl
Financial Risk Management (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement [LineItems] | |
Analysis of the Age of Receivables from Financial Services that are Past Due | The analysis of the age of receivables from financial services that are past due as of March 31, 2018 and 2019 is as follows: Yen (millions) As of March 31, 2018 Less than 30 days 30-59 days 60-89 days 90 days and Total Consumer finance receivables: Retail ¥ 174,649 ¥ 29,692 ¥ 5,683 ¥ 3,930 ¥ 213,954 Finance lease 858 218 41 93 1,210 Dealer finance receivables: Wholesale 16,843 858 103 79 17,883 Total ¥ 192,350 ¥ 30,768 ¥ 5,827 ¥ 4,102 ¥ 233,047 Yen (millions) As of March 31, 2019 Less than 30 days 30-59 days 60-89 days 90 days and Total Consumer finance receivables: Retail ¥ 204,475 ¥ 35,706 ¥ 7,572 ¥ 6,070 ¥ 253,823 Finance lease 349 108 26 198 681 Dealer finance receivables: Wholesale 21,509 7,407 92 3,858 32,866 Total ¥ 226,333 ¥ 43,221 ¥ 7,690 ¥ 10,126 ¥ 287,370 |
Dealer Finance Receivables and Undiscounted Maximum Amounts of Potential Payment for Loan Commitments | The balances of dealer finance receivables and the undiscounted maximum amounts of potential payment for loan commitments by this risk rating as of March 31, 2019 are as follows: Yen (millions) 12-month ECL Lifetime ECL Total As of March 31, 2019 Not credit-impaired Credit-impaired Dealer finance receivables: Group A ¥ 469,877 ¥ 9,224 ¥ — ¥ 479,101 Group B 202,993 13,223 16,897 233,113 Total ¥ 672,870 ¥ 22,447 ¥ 16,897 ¥ 712,214 Loan commitments: Group A ¥ 46,962 ¥ — ¥ — ¥ 46,962 Group B 10,479 — — 10,479 Total ¥ 57,441 ¥ — ¥ — ¥ 57,441 |
Non-derivative Financial Liabilities by Maturity | Non-derivative Yen (millions) As of March 31, 2018 Carrying amount Within 1 year Between Later than Total contractual Trade payables ¥ 1,224,627 ¥ 1,224,627 ¥ — ¥ — ¥ 1,224,627 Financing liabilities 6,799,010 3,030,934 3,784,440 283,459 7,098,833 Accrued expenses 404,719 404,719 — — 404,719 Other financial liabilities 122,624 66,457 32,380 24,498 123,335 Total ¥ 8,550,980 ¥ 4,726,737 ¥ 3,816,820 ¥ 307,957 ¥ 8,851,514 Yen (millions) As of March 31, 2019 Carrying amount Within 1 year Between Later than Total contractual Trade payables ¥ 1,184,882 ¥ 1,184,882 ¥ — ¥ — ¥ 1,184,882 Financing liabilities 7,331,120 3,321,576 4,089,215 239,638 7,650,429 Accrued expenses 476,300 476,300 — — 476,300 Other financial liabilities 127,108 66,240 29,615 31,416 127,271 Total ¥ 9,119,410 ¥ 5,048,998 ¥ 4,118,830 ¥ 271,054 ¥ 9,438,882 |
Derivative Financial Liabilities by Maturity | Derivative financial liabilities by maturity as of March 31, 2018 and 2019 are as follows: Yen (millions) As of March 31, 2018 Within 1 year Between 1 and 5 years Later than 5 years Total contractual Derivative financial liabilities ¥ 17,162 ¥ 42,529 ¥ 3,057 ¥ 62,748 Yen (millions) As of March 31, 2019 Within 1 year Between 1 and 5 years Later than 5 years Total contractual Derivative financial liabilities ¥ 41,518 ¥ 49,513 ¥ 1,609 ¥ 92,640 |
Currency risk [member] | |
Statement [LineItems] | |
Market Risk Sensitivity Analysis | The following scenario demonstrates the impact of a 1% appreciation of the Japanese yen against the U.S. dollar on profit before income taxes, holding all variables other than the foreign currency exchange rate constant. Yen (millions) 2018 2019 Impact on profit before income taxes ¥ (829) ¥ (777) |
Interest rate risk [member] | |
Statement [LineItems] | |
Market Risk Sensitivity Analysis | The following scenario demonstrates the impact of a 100 basis point rise in interest rates on profit before income taxes, holding all variables other than interest rates constant. Yen (millions) 2018 2019 Impact on profit before income taxes ¥ (1,569) ¥ (1,915) |
Credit facility [member] | |
Statement [LineItems] | |
Unused Portions of Credit Facility | The unused portions of the credit facility of Honda’s commercial paper and medium-term note programs as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Commercial paper ¥ 660,740 ¥ 602,243 Medium-term notes 1,923,587 1,229,911 Total ¥ 2,584,327 ¥ 1,832,154 |
Committed lines of credit [member] | |
Statement [LineItems] | |
Unused Portions of Credit Facility | The unused portions of the committed lines of credit extended by financial institutions to Honda as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Commercial paper programs ¥ 1,047,551 ¥ 1,080,503 Other 59,502 58,199 Total ¥ 1,107,053 ¥ 1,138,702 |
Fair Value (Tables)
Fair Value (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Measured at fair value on a recurring basis [member] | |
Statement [LineItems] | |
Financial Assets and Financial Liabilities | Assets and liabilities measured at fair value on a recurring basis as of March 31, 2018 and 2019 consist of the following: Yen (millions) As of March 31, 2018 Level 1 Level 2 Level 3 Total Other financial assets: Financial assets measured at fair value through profit or loss: Derivatives Foreign exchange instruments ¥ — ¥ 38,926 ¥ — ¥ 38,926 Interest rate instruments — 49,419 — 49,419 Total — 88,345 — 88,345 Debt securities 26,763 37,860 5,206 69,829 Financial assets measured at fair value through other comprehensive income: Debt securities — — — — Equity securities 198,011 — 12,671 210,682 Total ¥ 224,774 ¥ 126,205 ¥ 17,877 ¥ 368,856 Other financial liabilities: Financial liabilities measured at fair value through profit or loss: Derivatives Foreign exchange instruments ¥ — ¥ 16,417 ¥ — ¥ 16,417 Interest rate instruments — 36,369 — 36,369 Total — 52,786 — 52,786 Total ¥ — ¥ 52,786 ¥ — ¥ 52,786 Yen (millions) As of March 31, 2019 Level 1 Level 2 Level 3 Total Other financial assets: Financial assets measured at fair value through profit or loss: Derivatives Foreign exchange instruments ¥ — ¥ 12,233 ¥ — ¥ 12,233 Interest rate instruments — 34,164 — 34,164 Total — 46,397 — 46,397 Debt securities 21,090 31,551 5,439 58,080 Financial assets measured at fair value through other comprehensive income: Debt securities — 10,495 — 10,495 Equity securities 108,879 — 98,156 207,035 Total ¥ 129,969 ¥ 88,443 ¥ 103,595 ¥ 322,007 Other financial liabilities: Financial liabilities measured at fair value through profit or loss: Derivatives Foreign exchange instruments ¥ — ¥ 35,449 ¥ — ¥ 35,449 Interest rate instruments — 34,042 — 34,042 Total — 69,491 — 69,491 Total ¥ — ¥ 69,491 ¥ — ¥ 69,491 |
Measured at fair value on a recurring basis [member] | Level 3 [member] | |
Statement [LineItems] | |
Financial Assets and Financial Liabilities | The changes in Level 3 assets and liabilities measured at fair value on a recurring basis for the years ended March 31, 2018 and 2019 are as follows: Yen (millions) For the year ended March 31, 2018 Debt securities Equity securities Balance as of April 1, 2017 ¥ 5,610 ¥ 11,318 Total gains or losses: Profit or loss 111 — Other comprehensive income — (323 ) Purchases — 1,833 Sales (222 ) (107 ) Exchange differences on translating foreign operations (293 ) (50 ) Balance as of March 31, 2018 ¥ 5,206 ¥ 12,671 Unrealized gains or losses included in profit or loss on assets held at March 31, 2018 ¥ 111 ¥ — Yen (millions) For the year ended March 31, 2019 Debt securities Equity securities Balance as of April 1, 2018 ¥ 5,206 ¥ 12,671 Total gains or losses: Profit or loss (42 ) — Other comprehensive income — (3,824 ) Purchases — 89,651 Sales — (295 ) Exchange differences on translating foreign operations 275 (47 ) Balance as of March 31, 2019 ¥ 5,439 ¥ 98,156 Unrealized gains or losses included in profit or loss on assets held at March 31, 2019 ¥ (42 ) ¥ — Explanatory notes: 1. Gains or losses included in profit or loss for the years ended March 31, 2018 and 2019 are included in other, net in finance income and finance costs in the consolidated statements of income. 2. Gains or losses on equity securities included in other comprehensive income for the years ended March 31, 2018 and 2019 are included in net changes in revaluation of financial assets measured at fair value through other comprehensive income under items that will not be reclassified to profit or loss in the consolidated statements of comprehensive income. |
At cost [member] | |
Statement [LineItems] | |
Financial Assets and Financial Liabilities | The carrying amounts and fair values of financial assets and financial liabilities measured at amortized cost as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Carrying Fair value Carrying Fair value Receivables from financial services ¥ 4,958,063 ¥ 4,935,772 ¥ 5,405,250 ¥ 5,417,297 Debt securities 104,286 104,284 54,964 54,952 Financing liabilities 6,799,010 6,795,675 7,331,120 7,355,632 |
Offsetting of Financial Asset_2
Offsetting of Financial Assets and Financial Liabilities (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Offsetting Information Regarding Financial Assets and Financial Liabilities | The offsetting information regarding financial assets and financial liabilities as of March 31, 2018 and 2019 is as follows: Yen (millions) As of March 31, 2018 Gross amounts of recognized financial assets and financial liabilities Amounts offset in the consolidated statements of financial position Net amounts presented in the consolidated statements of financial position Amounts not offset due to not meeting offsetting criteria despite being subject to a master netting agreement or similar agreement Net Amounts Other financial assets Derivatives ¥ 88,345 ¥ — ¥ 88,345 ¥ (39,415 ) ¥ 48,930 Other financial liabilities Derivatives 52,786 — 52,786 (39,415 ) 13,371 Yen (millions) As of March 31, 2019 Gross amounts of recognized financial assets and financial liabilities Amounts offset in the consolidated statements of financial position Net amounts presented in the consolidated statements of financial position Amounts not offset due to not meeting offsetting criteria despite being subject to a master netting agreement or similar agreement Net Amounts Other financial assets Derivatives ¥ 46,397 ¥ — ¥ 46,397 ¥ (34,407 ) ¥ 11,990 Other financial liabilities Derivatives 69,491 — 69,491 (34,407 ) 35,084 |
Commitments and Contingent Li_2
Commitments and Contingent Liabilities (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Commitments for Purchases of Property, Plant and Equipment and Other Commitments | Commitments for purchases of property, plant and equipment and other commitments as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Commitments for purchases of property, plant and equipment and other commitments ¥ 71,188 ¥ 99,379 |
Future Minimum Lease Payments Under Non-cancelable Operating Leases | Future minimum lease payments under non-cancelable Yen (millions) 2018 2019 Within 1 year ¥ 17,126 ¥ 23,733 Between 1 and 5 years 35,577 47,556 Later than 5 years 22,784 44,345 Total ¥ 75,487 ¥ 115,634 |
Lease Payments under Operating Leases Recognized as Expenses | Lease payments under operating leases recognized as expenses for the years ended March 31, 2017, 2018 and 2019 are as follows: Yen (millions) 2017 2018 2019 Lease payments under operating leases recognized as expenses ¥ 32,030 ¥ 35,180 ¥ 41,529 |
Related Parties (Tables)
Related Parties (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Balances of Receivables and Payables with Affiliates and Joint Ventures | The balances of receivables and payables with affiliates and joint ventures as of March 31, 2018 and 2019 are as follows: Yen (millions) 2018 2019 Receivables: Affiliates ¥ 21,259 ¥ 22,518 Joint ventures 242,672 237,880 Total ¥ 263,931 ¥ 260,398 Payables: Affiliates ¥ 148,017 ¥ 141,576 Joint ventures 33,351 35,044 Total ¥ 181,368 ¥ 176,620 |
Amount of Transactions with Affiliates and Joint Ventures | The amount of the transactions with affiliates and joint ventures for the years ended March 31, 2017, 2018 and 2019 are as follows: Yen (millions) 2017 2018 2019 Sales revenue: Affiliates ¥ 115,188 ¥ 119,725 ¥ 113,814 Joint ventures 598,177 744,435 724,712 Total ¥ 713,365 ¥ 864,160 ¥ 838,526 Purchase: Affiliates ¥ 1,376,581 ¥ 1,407,755 ¥ 1,416,729 Joint ventures 145,161 143,800 135,787 Total ¥ 1,521,742 ¥ 1,551,555 ¥ 1,552,516 |
Compensation Paid to Directors | Compensation paid to the directors of the Company for the years ended March 31, 2017, 2018 and 2019 are as follows: Yen (millions) 2017 2018 2019 Remuneration ¥ 677 ¥ 719 ¥ 732 Bonus 275 231 172 Stock compensation — — 125 Total ¥ 952 ¥ 950 ¥ 1,029 |
Major Consolidated Subsidiaries | Major consolidated subsidiaries as of March 31, 2019 are as follows: Company Country of Function Percentage Honda R&D Co., Ltd. Japan Research & Development 100.0 Honda Finance Co., Ltd. Japan Finance 100.0 American Honda Motor Co., Inc. U.S.A. Sales 100.0 Honda Aero., Inc. U.S.A. Manufacturing 100.0 Honda North America, Inc. U.S.A. Coordination of Subsidiaries Operation 100.0 Honda of America Mfg., Inc. U.S.A. Manufacturing 100.0 American Honda Finance Corporation U.S.A. Finance 100.0 Honda Aircraft Company, LLC U.S.A. Research & Development, Manufacturing and Sales 100.0 Honda Manufacturing of Alabama, LLC U.S.A. Manufacturing 100.0 Honda Manufacturing of Indiana, LLC U.S.A. Manufacturing 100.0 Honda Transmission Mfg. of America, Inc. U.S.A. Manufacturing 100.0 Honda R&D Americas, Inc. U.S.A. Research & Development 100.0 Honda Canada Inc. Canada Manufacturing and Sales 100.0 Honda Canada Finance Inc. Canada Finance 100.0 Honda de Mexico, S.A. de C.V. Mexico Manufacturing and Sales 100.0 Honda Motor Europe Limited U.K. Coordination of Subsidiaries Operation and Sales 100.0 Honda of the U.K. Manufacturing Ltd. U.K. Manufacturing 100.0 Honda Finance Europe plc U.K. Finance 100.0 Honda Bank GmbH Germany Finance 100.0 Honda Turkiye A.S Turkey Manufacturing and Sales 100.0 Honda Motor (China) Investment Co., Ltd. China Coordination of Subsidiaries Operation and Sales 100.0 Honda Auto Parts Manufacturing Co., Ltd. China Manufacturing 100.0 Honda Motorcycle & Scooter India (Private) Ltd. India Manufacturing and Sales 100.0 Honda Cars India Limited India Manufacturing and Sales 100.0 P.T. Honda Precision Parts Manufacturing Indonesia Manufacturing 100.0 P.T. Honda Prospect Motor Indonesia Manufacturing and Sales 51.0 Honda Malaysia Sdn Bhd Malaysia Manufacturing and Sales 51.0 Honda Taiwan Co., Ltd. Taiwan Sales 100.0 Asian Honda Motor Co., Ltd. Thailand Coordination of Subsidiaries Operation and Sales 100.0 Honda Leasing (Thailand) Co., Ltd. Thailand Finance 100.0 Honda Automobile (Thailand) Co., Ltd. Thailand Manufacturing and Sales 89.0 Thai Honda Manufacturing Co., Ltd. Thailand Manufacturing 83.0 A.P. Honda Co., Ltd. Thailand Sales 61.0 Honda Vietnam Co., Ltd. Vietnam Manufacturing and Sales 70.0 Honda Motor de Argentina S.A. Argentina Manufacturing and Sales 100.0 Honda South America Ltda. Brazil Coordination of Subsidiaries Operation 100.0 Banco Honda S.A. Brazil Finance 100.0 Honda Automoveis do Brasil Ltda. Brazil Manufacturing and Sales 100.0 Moto Honda da Amazonia Ltda. Brazil Manufacturing and Sales 100.0 |
Basis of Preparation - Summary
Basis of Preparation - Summary of Impact of Reclassification (Detail) - Debt securities [member] - JPY (¥) ¥ in Millions | Apr. 01, 2018 | Mar. 31, 2018 |
Financial assets measured at fair value through profit or loss: | ||
Debt securities | ¥ 55,453 | ¥ 69,829 |
Financial assets measured at fair value through other comprehensive income: | ||
Debt securities | 14,376 | |
Reclassification [member] | ||
Financial assets measured at fair value through profit or loss: | ||
Debt securities | (14,376) | |
Financial assets measured at fair value through other comprehensive income: | ||
Debt securities | ¥ 14,376 |
Basis of Preparation - Addition
Basis of Preparation - Additional Information (Detail) - JPY (¥) ¥ in Millions | Apr. 01, 2018 | Apr. 01, 2019 |
Basis of preparation [line items] | ||
Increase in the allowance for credit losses | ¥ 4,599 | |
Estimated Amount [member] | ||
Basis of preparation [line items] | ||
Lease liabilities | ¥ 268,000 | |
Right-of-use assets | ¥ 268,000 |
Basis of Preparation - Summar_2
Basis of Preparation - Summary of Impact of Adopting IFRS 15 on Honda's Consolidated Financial Statements (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 | |
Current assets: | ||||
Cash and cash equivalents | ¥ 2,494,121 | ¥ 2,256,488 | ¥ 2,105,976 | ¥ 1,757,456 |
Trade receivables | 793,245 | |||
Receivables from financial services | 1,951,633 | 1,840,699 | ||
Other financial assets | 163,274 | 213,177 | ||
Inventories | 1,586,787 | 1,523,455 | ||
Other current assets | 358,234 | |||
Total current assets | 7,347,294 | 6,925,288 | ||
Non-current assets: | ||||
Investments accounted for using the equity method | 713,039 | 679,517 | 597,262 | |
Receivables from financial services | 3,453,617 | 3,117,364 | ||
Other financial assets | 417,149 | 436,555 | ||
Intangible assets | 744,368 | |||
Deferred tax assets | 150,318 | 129,338 | ||
Other non-current assets | 162,648 | 169,022 | ||
Total non-current assets | 13,071,828 | 12,423,876 | ||
Total assets | 20,419,122 | 19,349,164 | 18,958,123 | |
Current liabilities: | ||||
Trade payables | 1,184,882 | 1,224,627 | ||
Financing liabilities | 3,188,782 | 2,917,261 | ||
Accrued expenses | 476,300 | 404,719 | ||
Other financial liabilities | 132,910 | 115,405 | ||
Income taxes payable | 49,726 | 53,595 | ||
Provisions | 348,763 | 305,994 | ||
Other current liabilities | 599,761 | 602,498 | ||
Total current liabilities | 5,981,124 | 5,624,099 | ||
Non-current liabilities: | ||||
Financing liabilities | 4,142,338 | 3,881,749 | ||
Other financial liabilities | 63,689 | 60,005 | ||
Retirement benefit liabilities | 398,803 | 404,401 | ||
Provisions | 220,745 | 220,625 | ||
Deferred tax liabilities | 727,411 | 629,722 | ||
Other non-current liabilities | 319,222 | 294,468 | ||
Total non-current liabilities | 5,872,208 | 5,490,970 | ||
Total liabilities | 11,853,332 | 11,115,069 | ||
Equity: | ||||
Common stock | 86,067 | 86,067 | ||
Capital surplus | 171,460 | 171,118 | ||
Treasury stock | (177,827) | (113,271) | ||
Retained earnings | 7,973,637 | 7,611,332 | ||
Other components of equity | 214,383 | 178,292 | ||
Equity attributable to owners of the parent | 8,267,720 | 7,933,538 | ||
Non-controlling interests | 298,070 | 300,557 | ||
Total equity | 8,565,790 | 8,234,095 | 7,569,626 | ¥ 7,031,788 |
Total liabilities and equity | 20,419,122 | 19,349,164 | ||
Sales revenue | 15,888,617 | 15,361,146 | 13,999,200 | |
Operating costs and expenses: | ||||
Cost of sales | (12,580,949) | (12,000,581) | (10,865,848) | |
Selling, general and administrative | (1,774,393) | (1,775,151) | (1,601,212) | |
Research and development | (806,905) | (751,856) | (691,429) | |
Total operating costs and expenses | (15,162,247) | (14,527,588) | (13,158,489) | |
Operating profit | 726,370 | 833,558 | 840,711 | |
Share of profit of investments accounted for using the equity method | 228,827 | 247,643 | 164,793 | |
Finance income and finance costs: | ||||
Interest income | 48,618 | 41,191 | 32,389 | |
Interest expense | (13,217) | (12,970) | (12,471) | |
Other, net | (11,223) | 5,551 | (18,436) | |
Total finance income and finance costs | 24,178 | 33,772 | 1,482 | |
Profit before income taxes | 979,375 | 1,114,973 | 1,006,986 | |
Income tax expense | (303,089) | 13,666 | (327,592) | |
Profit for the year | 676,286 | 1,128,639 | 679,394 | |
Profit for the year attributable to: | ||||
Owners of the parent | 610,316 | 1,059,337 | 616,569 | |
Non-controlling interests | 65,970 | 69,302 | ¥ 62,825 | |
Previously stated [member] | ||||
Current assets: | ||||
Cash and cash equivalents | 2,494,121 | |||
Trade receivables | 796,199 | |||
Receivables from financial services | 1,951,633 | |||
Other financial assets | 163,274 | |||
Inventories | 1,586,787 | |||
Other current assets | 357,428 | |||
Total current assets | 7,349,442 | |||
Non-current assets: | ||||
Investments accounted for using the equity method | 713,026 | |||
Receivables from financial services | 3,453,617 | |||
Other financial assets | 417,149 | |||
Intangible assets | 744,368 | |||
Deferred tax assets | 149,800 | |||
Other non-current assets | 161,842 | |||
Total non-current assets | 13,070,491 | |||
Total assets | 20,419,933 | |||
Current liabilities: | ||||
Trade payables | 1,184,882 | |||
Financing liabilities | 3,188,782 | |||
Accrued expenses | 423,908 | |||
Other financial liabilities | 132,910 | |||
Income taxes payable | 49,726 | |||
Provisions | 352,642 | |||
Other current liabilities | 584,294 | |||
Total current liabilities | 5,917,144 | |||
Non-current liabilities: | ||||
Financing liabilities | 4,142,338 | |||
Other financial liabilities | 63,689 | |||
Retirement benefit liabilities | 398,803 | |||
Provisions | 221,694 | |||
Deferred tax liabilities | 742,937 | |||
Other non-current liabilities | 318,334 | |||
Total non-current liabilities | 5,887,795 | |||
Total liabilities | 11,804,939 | |||
Equity: | ||||
Common stock | 86,067 | |||
Capital surplus | 171,460 | |||
Treasury stock | (177,827) | |||
Retained earnings | 8,021,584 | |||
Other components of equity | 215,285 | |||
Equity attributable to owners of the parent | 8,316,569 | |||
Non-controlling interests | 298,425 | |||
Total equity | 8,614,994 | 8,234,095 | ||
Total liabilities and equity | 20,419,933 | |||
Sales revenue | 15,894,946 | |||
Operating costs and expenses: | ||||
Cost of sales | (12,582,518) | |||
Selling, general and administrative | (1,776,438) | |||
Research and development | (806,905) | |||
Total operating costs and expenses | (15,165,861) | |||
Operating profit | 729,085 | |||
Share of profit of investments accounted for using the equity method | 228,824 | |||
Finance income and finance costs: | ||||
Interest income | 48,618 | |||
Interest expense | (13,217) | |||
Other, net | (11,223) | |||
Total finance income and finance costs | 24,178 | |||
Profit before income taxes | 982,087 | |||
Income tax expense | (303,745) | |||
Profit for the year | 678,342 | |||
Profit for the year attributable to: | ||||
Owners of the parent | 611,621 | |||
Non-controlling interests | 66,721 | |||
Increase (decrease) due to application of IFRS 15 [member] | ||||
Current assets: | ||||
Cash and cash equivalents | ||||
Trade receivables | (2,954) | |||
Receivables from financial services | ||||
Other financial assets | ||||
Inventories | ||||
Other current assets | 806 | |||
Total current assets | (2,148) | |||
Non-current assets: | ||||
Investments accounted for using the equity method | 13 | |||
Receivables from financial services | ||||
Other financial assets | ||||
Intangible assets | ||||
Deferred tax assets | 518 | |||
Other non-current assets | 806 | |||
Total non-current assets | 1,337 | |||
Total assets | (811) | |||
Current liabilities: | ||||
Trade payables | ||||
Financing liabilities | ||||
Accrued expenses | 52,392 | |||
Other financial liabilities | ||||
Income taxes payable | ||||
Provisions | (3,879) | |||
Other current liabilities | 15,467 | |||
Total current liabilities | 63,980 | |||
Non-current liabilities: | ||||
Financing liabilities | ||||
Other financial liabilities | ||||
Retirement benefit liabilities | ||||
Provisions | (949) | |||
Deferred tax liabilities | (15,526) | |||
Other non-current liabilities | 888 | |||
Total non-current liabilities | (15,587) | |||
Total liabilities | 48,393 | |||
Equity: | ||||
Common stock | ||||
Capital surplus | ||||
Treasury stock | ||||
Retained earnings | (47,947) | |||
Other components of equity | (902) | |||
Equity attributable to owners of the parent | (48,849) | |||
Non-controlling interests | (355) | |||
Total equity | (49,204) | |||
Total liabilities and equity | (811) | |||
Sales revenue | (6,329) | |||
Operating costs and expenses: | ||||
Cost of sales | 1,569 | |||
Selling, general and administrative | 2,045 | |||
Research and development | ||||
Total operating costs and expenses | 3,614 | |||
Operating profit | (2,715) | |||
Share of profit of investments accounted for using the equity method | 3 | |||
Finance income and finance costs: | ||||
Interest income | ||||
Interest expense | ||||
Other, net | ||||
Total finance income and finance costs | ||||
Profit before income taxes | (2,712) | |||
Income tax expense | 656 | |||
Profit for the year | (2,056) | |||
Profit for the year attributable to: | ||||
Owners of the parent | (1,305) | |||
Non-controlling interests | (751) | |||
Equipment on operating leases [member] | ||||
Non-current assets: | ||||
Equipment on operating leases | 4,448,849 | 4,088,133 | ||
Equipment on operating leases [member] | Previously stated [member] | ||||
Non-current assets: | ||||
Equipment on operating leases | 4,448,849 | |||
Equipment on operating leases [member] | Increase (decrease) due to application of IFRS 15 [member] | ||||
Non-current assets: | ||||
Equipment on operating leases | ||||
Property, plant and equipment [member] | ||||
Non-current assets: | ||||
Equipment on operating leases | 2,981,840 | ¥ 3,062,433 | ||
Property, plant and equipment [member] | Previously stated [member] | ||||
Non-current assets: | ||||
Equipment on operating leases | 2,981,840 | |||
Property, plant and equipment [member] | Increase (decrease) due to application of IFRS 15 [member] | ||||
Non-current assets: | ||||
Equipment on operating leases |
Significant Accounting Polici_3
Significant Accounting Policies - Additional Information (Detail) | 12 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Line Items] | |
Consideration payment period | 30 days |
Capitalized development costs [member] | Bottom of range [member] | |
Accounting Policies [Line Items] | |
Estimated useful lives of intangible assets | 2 years |
Capitalized development costs [member] | Top of range [member] | |
Accounting Policies [Line Items] | |
Estimated useful lives of intangible assets | 6 years |
Other [member] | Bottom of range [member] | |
Accounting Policies [Line Items] | |
Estimated useful lives of intangible assets | 3 years |
Other [member] | Top of range [member] | |
Accounting Policies [Line Items] | |
Estimated useful lives of intangible assets | 5 years |
Buildings and structures [member] | Bottom of range [member] | |
Accounting Policies [Line Items] | |
Estimated useful lives of property, plant and equipment | 3 years |
Buildings and structures [member] | Top of range [member] | |
Accounting Policies [Line Items] | |
Estimated useful lives of property, plant and equipment | 50 years |
Machinery and equipment [member] | Bottom of range [member] | |
Accounting Policies [Line Items] | |
Estimated useful lives of property, plant and equipment | 2 years |
Machinery and equipment [member] | Top of range [member] | |
Accounting Policies [Line Items] | |
Estimated useful lives of property, plant and equipment | 20 years |
Segment Information - Additiona
Segment Information - Additional Information (Detail) ¥ in Millions | 12 Months Ended |
Mar. 31, 2019JPY (¥)Segments | |
Disclosure of operating segments [line items] | |
Number of reportable segments | Segments | 4 |
Impairment loss, employee benefits and other expenses | ¥ 68,092 |
Cost of sales [member] | |
Disclosure of operating segments [line items] | |
Impairment loss, employee benefits and other expenses | 56,590 |
Selling, general and administrative expenses [member] | |
Disclosure of operating segments [line items] | |
Impairment loss, employee benefits and other expenses | ¥ 11,502 |
Segment Information - Summary o
Segment Information - Summary of Segment Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of operating segments [line items] | |||
Sales revenue | ¥ 15,888,617 | ¥ 15,361,146 | ¥ 13,999,200 |
Segment profit (loss) | 726,370 | 833,558 | 840,711 |
Share of profit of investments accounted for using the equity method | 228,827 | 247,643 | 164,793 |
Segment assets | 20,419,122 | 19,349,164 | 18,958,123 |
Investments accounted for using the equity method | 713,039 | 679,517 | 597,262 |
Depreciation and amortization | 1,468,685 | 1,454,116 | 1,335,428 |
Capital expenditures | 2,657,252 | 2,394,634 | 2,572,749 |
Impairment losses on non-financial assets | 46,808 | 15,605 | 8,968 |
Provision for credit and lease residual losses on receivables from financial services | 34,720 | 36,699 | 31,448 |
External customers [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | 15,888,617 | 15,361,146 | 13,999,200 |
Intersegment [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | |||
Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | 16,145,217 | 15,592,352 | 14,213,805 |
Segment profit (loss) | 726,370 | 833,558 | 840,711 |
Share of profit of investments accounted for using the equity method | 228,827 | 247,643 | 164,793 |
Segment assets | 20,012,555 | 19,137,217 | 18,798,372 |
Investments accounted for using the equity method | 713,039 | 679,517 | 597,262 |
Depreciation and amortization | 1,468,685 | 1,454,116 | 1,335,428 |
Capital expenditures | 2,657,252 | 2,394,634 | 2,572,749 |
Impairment losses on non-financial assets | 46,808 | 15,605 | 8,968 |
Provision for credit and lease residual losses on receivables from financial services | 34,720 | 36,699 | 31,448 |
Operating segments [member] | External customers [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | 15,888,617 | 15,361,146 | 13,999,200 |
Operating segments [member] | Intersegment [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | 256,600 | 231,206 | 214,605 |
Operating segments [member] | Motorcycle business [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | 2,100,155 | 2,038,712 | 1,716,165 |
Segment profit (loss) | 291,642 | 267,015 | 170,740 |
Share of profit of investments accounted for using the equity method | 29,704 | 31,270 | 31,835 |
Segment assets | 1,523,817 | 1,533,367 | 1,505,637 |
Investments accounted for using the equity method | 88,494 | 89,498 | 93,410 |
Depreciation and amortization | 66,680 | 74,128 | 79,398 |
Capital expenditures | 74,024 | 63,927 | 66,241 |
Impairment losses on non-financial assets | 1,404 | 42 | 185 |
Provision for credit and lease residual losses on receivables from financial services | |||
Operating segments [member] | Motorcycle business [member] | External customers [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | 2,100,155 | 2,038,712 | 1,716,165 |
Operating segments [member] | Motorcycle business [member] | Intersegment [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | |||
Operating segments [member] | Automobile business [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | 11,287,764 | 11,045,209 | 10,256,666 |
Segment profit (loss) | 209,694 | 373,840 | 501,181 |
Share of profit of investments accounted for using the equity method | 198,505 | 215,843 | 132,411 |
Segment assets | 7,923,802 | 7,879,769 | 7,543,388 |
Investments accounted for using the equity method | 619,091 | 584,922 | 499,067 |
Depreciation and amortization | 603,124 | 616,321 | 576,546 |
Capital expenditures | 525,419 | 514,910 | 607,629 |
Impairment losses on non-financial assets | 32,674 | 3,648 | 626 |
Provision for credit and lease residual losses on receivables from financial services | |||
Operating segments [member] | Automobile business [member] | External customers [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | 11,072,117 | 10,852,171 | 10,086,816 |
Operating segments [member] | Automobile business [member] | Intersegment [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | 215,647 | 193,038 | 169,850 |
Operating segments [member] | Financial services business [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | 2,380,042 | 2,137,265 | 1,891,282 |
Segment profit (loss) | 235,945 | 196,067 | 178,449 |
Share of profit of investments accounted for using the equity method | |||
Segment assets | 10,236,066 | 9,409,243 | 9,437,044 |
Investments accounted for using the equity method | |||
Depreciation and amortization | 784,683 | 748,503 | 664,940 |
Capital expenditures | 2,041,735 | 1,801,554 | 1,886,607 |
Impairment losses on non-financial assets | 12,716 | 11,911 | 7,987 |
Provision for credit and lease residual losses on receivables from financial services | 34,720 | 36,699 | 31,448 |
Operating segments [member] | Financial services business [member] | External customers [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | 2,365,355 | 2,123,194 | 1,878,094 |
Operating segments [member] | Financial services business [member] | Intersegment [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | 14,687 | 14,071 | 13,188 |
Operating segments [member] | Power product and other businesses [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | 377,256 | 371,166 | 349,692 |
Segment profit (loss) | (10,911) | (3,364) | (9,659) |
Share of profit of investments accounted for using the equity method | 618 | 530 | 547 |
Segment assets | 328,870 | 314,838 | 312,303 |
Investments accounted for using the equity method | 5,454 | 5,097 | 4,785 |
Depreciation and amortization | 14,198 | 15,164 | 14,544 |
Capital expenditures | 16,074 | 14,243 | 12,272 |
Impairment losses on non-financial assets | 14 | 4 | 170 |
Provision for credit and lease residual losses on receivables from financial services | |||
Operating segments [member] | Power product and other businesses [member] | External customers [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | 350,990 | 347,069 | 318,125 |
Operating segments [member] | Power product and other businesses [member] | Intersegment [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | 26,266 | 24,097 | 31,567 |
Reconciling items [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | (256,600) | (231,206) | (214,605) |
Segment profit (loss) | |||
Share of profit of investments accounted for using the equity method | |||
Segment assets | 406,567 | 211,947 | 159,751 |
Investments accounted for using the equity method | |||
Depreciation and amortization | |||
Capital expenditures | |||
Impairment losses on non-financial assets | |||
Provision for credit and lease residual losses on receivables from financial services | |||
Reconciling items [member] | External customers [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | |||
Reconciling items [member] | Intersegment [member] | |||
Disclosure of operating segments [line items] | |||
Sales revenue | ¥ (256,600) | ¥ (231,206) | ¥ (214,605) |
Segment Information - Summary_2
Segment Information - Summary of Segment Information (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of operating segments [line items] | |||
Segment assets | ¥ 20,419,122 | ¥ 19,349,164 | ¥ 18,958,123 |
Provisions for product warranties | 323,060 | ||
Write-down of inventories recognized as an expense | 32,565 | 67,768 | 22,707 |
Unallocated corporate assets [member] | |||
Disclosure of operating segments [line items] | |||
Segment assets | 682,842 | 519,780 | 530,809 |
Product warranties [member] | |||
Disclosure of operating segments [line items] | |||
Provisions for product warranties | ¥ 247,194 | ¥ 219,575 | ¥ 198,016 |
Segment Information - Sales Rev
Segment Information - Sales Revenue by Product or Service Groups (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of products and services [line items] | |||
Sales revenue | ¥ 15,888,617 | ¥ 15,361,146 | ¥ 13,999,200 |
Motorcycles and relevant parts [member] | |||
Disclosure of products and services [line items] | |||
Sales revenue | 1,986,968 | 1,919,232 | 1,598,935 |
All-terrain vehicles (ATVs), side-by-sides (SxS) and relevant parts [member] | |||
Disclosure of products and services [line items] | |||
Sales revenue | 113,187 | 119,480 | 117,230 |
Automobiles and relevant parts [member] | |||
Disclosure of products and services [line items] | |||
Sales revenue | 12,173,065 | 11,813,125 | 10,920,594 |
Financial services [member] | |||
Disclosure of products and services [line items] | |||
Sales revenue | 1,264,407 | 1,162,240 | 1,044,316 |
Power products and relevant parts [member] | |||
Disclosure of products and services [line items] | |||
Sales revenue | 266,012 | 266,233 | 245,881 |
Others [member] | |||
Disclosure of products and services [line items] | |||
Sales revenue | ¥ 84,978 | ¥ 80,836 | ¥ 72,244 |
Segment Information - Sales R_2
Segment Information - Sales Revenue and Carrying Amounts of Non-current Assets Other Than Financial Instruments and Deferred Tax Assets Based on Location (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of geographical areas [line items] | |||
Sales revenue | ¥ 15,888,617 | ¥ 15,361,146 | ¥ 13,999,200 |
Non-current assets other than financial instruments and deferred tax assets | 8,337,705 | 8,061,102 | 8,248,658 |
External customers [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 15,888,617 | 15,361,146 | 13,999,200 |
Japan [member] | |||
Disclosure of geographical areas [line items] | |||
Non-current assets other than financial instruments and deferred tax assets | 2,695,603 | 2,580,515 | 2,492,467 |
Japan [member] | External customers [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 2,394,584 | 2,240,033 | 2,114,833 |
United States [member] | |||
Disclosure of geographical areas [line items] | |||
Non-current assets other than financial instruments and deferred tax assets | 3,956,228 | 3,784,531 | 4,067,831 |
United States [member] | External customers [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 7,480,382 | 7,028,633 | 6,755,460 |
Other [member] | |||
Disclosure of geographical areas [line items] | |||
Non-current assets other than financial instruments and deferred tax assets | 1,685,874 | 1,696,056 | 1,688,360 |
Other [member] | External customers [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | ¥ 6,013,651 | ¥ 6,092,480 | ¥ 5,128,907 |
Segment Information - Supplemen
Segment Information - Supplemental Geographical Information Based on Location (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of geographical areas [line items] | |||
Sales revenue | ¥ 15,888,617 | ¥ 15,361,146 | ¥ 13,999,200 |
Operating profit (loss) | 726,370 | 833,558 | 840,711 |
Assets | 20,419,122 | 19,349,164 | 18,958,123 |
Non-current assets other than financial instruments and deferred tax assets | 8,337,705 | 8,061,102 | 8,248,658 |
External customers [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 15,888,617 | 15,361,146 | 13,999,200 |
Inter-geographic area [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | |||
Japan [member] | |||
Disclosure of geographical areas [line items] | |||
Non-current assets other than financial instruments and deferred tax assets | 2,695,603 | 2,580,515 | 2,492,467 |
Japan [member] | External customers [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 2,394,584 | 2,240,033 | 2,114,833 |
Geographical consolidation [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 19,836,393 | 19,041,047 | 17,190,398 |
Operating profit (loss) | 719,976 | 827,680 | 875,879 |
Assets | 20,305,056 | 19,385,593 | 19,020,696 |
Non-current assets other than financial instruments and deferred tax assets | 8,337,705 | 8,061,102 | 8,248,658 |
Geographical consolidation [member] | External customers [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 15,888,617 | 15,361,146 | 13,999,200 |
Geographical consolidation [member] | Inter-geographic area [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 3,947,776 | 3,679,901 | 3,191,198 |
Geographical consolidation [member] | Japan [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 4,848,313 | 4,480,684 | 4,113,409 |
Operating profit (loss) | 10 | 86,916 | 104,560 |
Assets | 4,546,640 | 4,405,523 | 4,236,574 |
Non-current assets other than financial instruments and deferred tax assets | 2,695,603 | 2,580,515 | 2,492,467 |
Geographical consolidation [member] | Japan [member] | External customers [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 2,394,584 | 2,240,033 | 2,114,833 |
Geographical consolidation [member] | Japan [member] | Inter-geographic area [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 2,453,729 | 2,240,651 | 1,998,576 |
Geographical consolidation [member] | North America [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 9,023,964 | 8,584,605 | 8,098,068 |
Operating profit (loss) | 299,750 | 278,476 | 398,725 |
Assets | 11,418,194 | 10,651,191 | 10,743,185 |
Non-current assets other than financial instruments and deferred tax assets | 4,740,675 | 4,530,019 | 4,766,609 |
Geographical consolidation [member] | North America [member] | External customers [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 8,526,733 | 8,067,455 | 7,621,550 |
Geographical consolidation [member] | North America [member] | Inter-geographic area [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 497,231 | 517,150 | 476,518 |
Geographical consolidation [member] | Europe [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 927,424 | 917,214 | 789,393 |
Operating profit (loss) | (6,620) | 15,837 | 12,112 |
Assets | 694,606 | 727,045 | 675,983 |
Non-current assets other than financial instruments and deferred tax assets | 65,500 | 105,649 | 107,443 |
Geographical consolidation [member] | Europe [member] | External customers [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 652,335 | 680,497 | 638,436 |
Geographical consolidation [member] | Europe [member] | Inter-geographic area [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 275,089 | 236,717 | 150,957 |
Geographical consolidation [member] | Asia [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 4,272,239 | 4,221,020 | 3,456,033 |
Operating profit (loss) | 404,220 | 402,620 | 331,466 |
Assets | 3,024,357 | 2,942,053 | 2,694,622 |
Non-current assets other than financial instruments and deferred tax assets | 691,211 | 683,006 | 694,919 |
Geographical consolidation [member] | Asia [member] | External customers [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 3,557,338 | 3,541,680 | 2,893,404 |
Geographical consolidation [member] | Asia [member] | Inter-geographic area [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 714,901 | 679,340 | 562,629 |
Geographical consolidation [member] | Other regions [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 764,453 | 837,524 | 733,495 |
Operating profit (loss) | 22,616 | 43,831 | 29,016 |
Assets | 621,259 | 659,781 | 670,332 |
Non-current assets other than financial instruments and deferred tax assets | 144,716 | 161,913 | 187,220 |
Geographical consolidation [member] | Other regions [member] | External customers [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 757,627 | 831,481 | 730,977 |
Geographical consolidation [member] | Other regions [member] | Inter-geographic area [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | 6,826 | 6,043 | 2,518 |
Reconciling items [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | (3,947,776) | (3,679,901) | (3,191,198) |
Operating profit (loss) | 6,394 | 5,878 | (35,168) |
Assets | 114,066 | (36,429) | (62,573) |
Non-current assets other than financial instruments and deferred tax assets | |||
Reconciling items [member] | External customers [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | |||
Reconciling items [member] | Inter-geographic area [member] | |||
Disclosure of geographical areas [line items] | |||
Sales revenue | ¥ (3,947,776) | ¥ (3,679,901) | ¥ (3,191,198) |
Segment Information - Supplem_2
Segment Information - Supplemental Geographical Information Based on Location (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Disclosure of geographical areas [line items] | |||
Assets | ¥ 20,419,122 | ¥ 19,349,164 | ¥ 18,958,123 |
Unallocated corporate assets [member] | |||
Disclosure of geographical areas [line items] | |||
Assets | ¥ 682,842 | ¥ 519,780 | ¥ 530,809 |
Cash and Cash Equivalents - Sum
Cash and Cash Equivalents - Summary of Cash and Cash Equivalents (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 |
Cash and cash equivalents [abstract] | ||||
Cash and deposits | ¥ 1,815,920 | ¥ 1,691,645 | ||
Cash equivalents | 678,201 | 564,843 | ||
Total | ¥ 2,494,121 | ¥ 2,256,488 | ¥ 2,105,976 | ¥ 1,757,456 |
Trade Receivables - Summary of
Trade Receivables - Summary of Trade Receivables (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of financial assets [line items] | ||
Allowance for impairment losses | ¥ (12,555) | ¥ (14,389) |
Trade receivables | 793,245 | 800,463 |
Gross carrying amount [member] | Trade accounts and notes receivable [member] | ||
Disclosure of financial assets [line items] | ||
Trade receivables | 712,180 | 688,102 |
Gross carrying amount [member] | Other [member] | ||
Disclosure of financial assets [line items] | ||
Trade receivables | ¥ 93,620 | ¥ 126,750 |
Trade Receivables - Changes in
Trade Receivables - Changes in Allowance for Impairment Losses on Trade Receivables (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of financial assets [line items] | |||
Balance at beginning of year | ¥ 14,389 | ||
Balance at end of year | 12,555 | ¥ 14,389 | |
Trade receivables [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 14,389 | 14,510 | ¥ 15,888 |
Remeasurement | 251 | 858 | 5,046 |
Write-offs | (1,590) | (706) | (6,389) |
Exchange differences on translating foreign operations | (495) | (273) | (35) |
Balance at end of year | ¥ 12,555 | ¥ 14,389 | ¥ 14,510 |
Receivables from Financial Se_3
Receivables from Financial Services - Summary of Receivables from Financial Services (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of financial assets [line items] | ||
Receivables from financial services | ¥ 5,405,250 | ¥ 4,958,063 |
Current assets | 1,951,633 | 1,840,699 |
Non-current assets | 3,453,617 | 3,117,364 |
Receivables from financial services | 5,405,250 | 4,958,063 |
Wholesale [member] | ||
Disclosure of financial assets [line items] | ||
Receivables from financial services | 712,214 | |
Receivables from financial services | 712,214 | |
Gross carrying amount [member] | ||
Disclosure of financial assets [line items] | ||
Receivables from financial services | 5,457,917 | 5,003,717 |
Receivables from financial services | 5,457,917 | 5,003,717 |
Gross carrying amount [member] | Retail [member] | ||
Disclosure of financial assets [line items] | ||
Receivables from financial services | 4,602,848 | 4,187,420 |
Receivables from financial services | 4,602,848 | 4,187,420 |
Gross carrying amount [member] | Finance lease [member] | ||
Disclosure of financial assets [line items] | ||
Receivables from financial services | 142,855 | 165,156 |
Receivables from financial services | 142,855 | 165,156 |
Gross carrying amount [member] | Wholesale [member] | ||
Disclosure of financial assets [line items] | ||
Receivables from financial services | 712,214 | 651,141 |
Receivables from financial services | 712,214 | 651,141 |
Allowance for doubtful accounts [member] | ||
Disclosure of financial assets [line items] | ||
Receivables from financial services | (43,203) | (34,803) |
Receivables from financial services | (43,203) | (34,803) |
Allowance for losses on lease residual values [member] | ||
Disclosure of financial assets [line items] | ||
Receivables from financial services | (29) | (743) |
Receivables from financial services | (29) | (743) |
Unearned interest income and fees [member] | ||
Disclosure of financial assets [line items] | ||
Receivables from financial services | (9,435) | (10,108) |
Receivables from financial services | ¥ (9,435) | ¥ (10,108) |
Receivables from Financial Se_4
Receivables from Financial Services - Gross Investment in Lease and Present Value of Minimum Lease Payments Receivable (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of finance lease and operating lease by lessor [line items] | ||
Gross investment in the lease | ¥ 142,855 | ¥ 165,156 |
Unearned interest income and fees | (9,435) | (10,108) |
Unguaranteed residual values | (72,031) | (78,116) |
Present value of minimum lease payments receivable | 61,389 | 76,932 |
Within 1 year [member] | ||
Disclosure of finance lease and operating lease by lessor [line items] | ||
Gross investment in the lease | 52,099 | 65,253 |
Unearned interest income and fees | (1,632) | (2,023) |
Unguaranteed residual values | (25,369) | (27,480) |
Present value of minimum lease payments receivable | 25,098 | 35,750 |
Between 1 and 5 years [member] | ||
Disclosure of finance lease and operating lease by lessor [line items] | ||
Gross investment in the lease | 90,658 | 99,845 |
Unearned interest income and fees | (7,790) | (8,078) |
Unguaranteed residual values | (46,662) | (50,636) |
Present value of minimum lease payments receivable | 36,206 | 41,131 |
Later than 5 years [member] | ||
Disclosure of finance lease and operating lease by lessor [line items] | ||
Gross investment in the lease | 98 | 58 |
Unearned interest income and fees | (13) | (7) |
Unguaranteed residual values | 0 | |
Present value of minimum lease payments receivable | ¥ 85 | ¥ 51 |
Receivables from Financial Se_5
Receivables from Financial Services - Changes in Allowance for Credit Losses on Receivables from Financial Services (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of financial assets [line items] | |||
Balance at beginning of year | ¥ 14,389 | ||
Balance at end of year | 12,555 | ¥ 14,389 | |
Retail [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 36,675 | 28,867 | ¥ 22,300 |
Provision | 36,037 | 29,870 | |
Remeasurement | 33,873 | ||
Write-offs | (30,986) | (39,478) | (33,045) |
Recoveries | 8,368 | 8,487 | |
Exchange differences on translating foreign operations | 198 | (1,718) | 1,255 |
Balance at end of year | 39,760 | 36,675 | 28,867 |
Finance lease [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 821 | 809 | 762 |
Provision | 214 | 338 | |
Remeasurement | 92 | ||
Write-offs | (125) | (299) | (287) |
Recoveries | 50 | 69 | |
Exchange differences on translating foreign operations | (58) | 47 | (73) |
Balance at end of year | 730 | 821 | 809 |
Wholesale [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 1,906 | 1,823 | 2,503 |
Provision | 336 | (278) | |
Remeasurement | 755 | ||
Write-offs | 153 | (271) | (382) |
Recoveries | 13 | 3 | |
Exchange differences on translating foreign operations | (101) | 5 | (23) |
Balance at end of year | 2,713 | 1,906 | 1,823 |
Financial Services receivables [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 39,402 | 31,499 | 25,565 |
Provision | 36,587 | 29,930 | |
Remeasurement | 34,720 | ||
Write-offs | (30,958) | (40,048) | (33,714) |
Recoveries | 8,431 | 8,559 | |
Exchange differences on translating foreign operations | 39 | (1,666) | 1,159 |
Balance at end of year | 43,203 | 39,402 | ¥ 31,499 |
Previously stated [member] | Retail [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 32,076 | ||
Balance at end of year | 32,076 | ||
Previously stated [member] | Finance lease [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 821 | ||
Balance at end of year | 821 | ||
Previously stated [member] | Wholesale [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 1,906 | ||
Balance at end of year | 1,906 | ||
Previously stated [member] | Financial Services receivables [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 34,803 | ||
Balance at end of year | 34,803 | ||
Effect of changes in accounting policy [member] | Retail [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 4,599 | ||
Balance at end of year | 4,599 | ||
Effect of changes in accounting policy [member] | Finance lease [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | |||
Balance at end of year | |||
Effect of changes in accounting policy [member] | Wholesale [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | |||
Balance at end of year | |||
Effect of changes in accounting policy [member] | Financial Services receivables [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 4,599 | ||
Balance at end of year | 4,599 | ||
12-month expected credit losses [member] | Retail [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 20,574 | ||
Remeasurement | 1,788 | ||
Write-offs | |||
Exchange differences on translating foreign operations | 250 | ||
Balance at end of year | 22,612 | 20,574 | |
12-month expected credit losses [member] | Finance lease [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 604 | ||
Remeasurement | (19) | ||
Write-offs | |||
Exchange differences on translating foreign operations | (51) | ||
Balance at end of year | 534 | 604 | |
12-month expected credit losses [member] | Wholesale [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 1,553 | ||
Remeasurement | (49) | ||
Write-offs | |||
Exchange differences on translating foreign operations | (85) | ||
Balance at end of year | 1,419 | 1,553 | |
12-month expected credit losses [member] | Financial Services receivables [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 22,731 | ||
Remeasurement | 1,720 | ||
Write-offs | |||
Exchange differences on translating foreign operations | 114 | ||
Balance at end of year | 24,565 | 22,731 | |
Lifetime expected credit losses [member] | Not credit impaired [member] | Retail [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 9,543 | ||
Remeasurement | 579 | ||
Write-offs | |||
Exchange differences on translating foreign operations | 285 | ||
Balance at end of year | 10,407 | 9,543 | |
Lifetime expected credit losses [member] | Not credit impaired [member] | Finance lease [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 78 | ||
Remeasurement | (3) | ||
Write-offs | |||
Exchange differences on translating foreign operations | (3) | ||
Balance at end of year | 72 | 78 | |
Lifetime expected credit losses [member] | Not credit impaired [member] | Wholesale [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 309 | ||
Remeasurement | 35 | ||
Write-offs | |||
Exchange differences on translating foreign operations | (15) | ||
Balance at end of year | 329 | 309 | |
Lifetime expected credit losses [member] | Not credit impaired [member] | Financial Services receivables [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 9,930 | ||
Remeasurement | 611 | ||
Write-offs | |||
Exchange differences on translating foreign operations | 267 | ||
Balance at end of year | 10,808 | 9,930 | |
Lifetime expected credit losses [member] | Credit impaired [member] | Retail [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 6,558 | ||
Remeasurement | 31,506 | ||
Write-offs | (30,986) | ||
Exchange differences on translating foreign operations | (337) | ||
Balance at end of year | 6,741 | 6,558 | |
Lifetime expected credit losses [member] | Credit impaired [member] | Finance lease [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 139 | ||
Remeasurement | 114 | ||
Write-offs | (125) | ||
Exchange differences on translating foreign operations | (4) | ||
Balance at end of year | 124 | 139 | |
Lifetime expected credit losses [member] | Credit impaired [member] | Wholesale [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 44 | ||
Remeasurement | 769 | ||
Write-offs | 153 | ||
Exchange differences on translating foreign operations | (1) | ||
Balance at end of year | 965 | 44 | |
Lifetime expected credit losses [member] | Credit impaired [member] | Financial Services receivables [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 6,741 | ||
Remeasurement | 32,389 | ||
Write-offs | (30,958) | ||
Exchange differences on translating foreign operations | (342) | ||
Balance at end of year | ¥ 7,830 | ¥ 6,741 |
Other Financial Assets - Summar
Other Financial Assets - Summary of Other Financial Assets (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of financial assets [line items] | ||
Other financial assets | ¥ 580,423 | ¥ 649,732 |
Current assets | 163,274 | 213,177 |
Non-current assets | 417,149 | 436,555 |
Financial assets measured at amortized cost [member] | Receivables other than trade receivables and receivables from financial services [member] | ||
Disclosure of financial assets [line items] | ||
Other financial assets | 118,256 | 115,046 |
Financial assets measured at amortized cost [member] | Debt securities [member] | ||
Disclosure of financial assets [line items] | ||
Other financial assets | 54,964 | 104,286 |
Financial assets measured at amortized cost [member] | Guaranty deposits [member] | ||
Disclosure of financial assets [line items] | ||
Other financial assets | 13,098 | 14,234 |
Financial assets measured at amortized cost [member] | Restricted cash [member] | ||
Disclosure of financial assets [line items] | ||
Other financial assets | 66,555 | 48,230 |
Financial assets measured at amortized cost [member] | Other financial assets [member] | ||
Disclosure of financial assets [line items] | ||
Other financial assets | 9,776 | 9,225 |
Financial assets measured at amortized cost [member] | Allowance for impairment losses [member] | ||
Disclosure of financial assets [line items] | ||
Other financial assets | (4,233) | (10,145) |
Financial assets measured at fair value through other comprehensive income [member] | Debt securities [member] | ||
Disclosure of financial assets [line items] | ||
Other financial assets | 10,495 | |
Financial assets measured at fair value through other comprehensive income [member] | Equity securities [member] | ||
Disclosure of financial assets [line items] | ||
Other financial assets | 207,035 | 210,682 |
Financial assets measured at fair value through profit or loss [member] | Derivatives [member] | ||
Disclosure of financial assets [line items] | ||
Other financial assets | 46,397 | 88,345 |
Financial assets measured at fair value through profit or loss [member] | Debt securities [member] | ||
Disclosure of financial assets [line items] | ||
Other financial assets | ¥ 58,080 | ¥ 69,829 |
Other Financial Assets - Summ_2
Other Financial Assets - Summary of Changes in Allowance for Impairment Losses (Detail) - Other financial assets [member] - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of Doubtful Accounts for Other Financial Assets [line items] | |||
Balance at beginning of year | ¥ 10,145 | ¥ 10,964 | ¥ 11,731 |
Remeasurement | 284 | 343 | 219 |
Write-offs | (6,194) | (1,179) | (936) |
Exchange differences on translating foreign operations | (2) | 17 | (50) |
Balance at end of year | ¥ 4,233 | ¥ 10,145 | ¥ 10,964 |
Other Financial Assets - Major
Other Financial Assets - Major Securities Included in Equity Securities Designated as Financial Assets Measured at Fair Value Through Other Comprehensive Income (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Sirius XM Holdings Inc. [member] | ||
Disclosure of Doubtful Accounts for Other Financial Assets [line items] | ||
Financial assets measured at fair value through other comprehensive income | ¥ 62,207 | |
GM Cruise Holdings LLC [member] | ||
Disclosure of Doubtful Accounts for Other Financial Assets [line items] | ||
Financial assets measured at fair value through other comprehensive income | ¥ 83,242 | |
Stanley Electric Co., Ltd. [member] | ||
Disclosure of Doubtful Accounts for Other Financial Assets [line items] | ||
Financial assets measured at fair value through other comprehensive income | 27,475 | 36,295 |
Mitsubishi UFJ Financial Group, Inc. [member] | ||
Disclosure of Doubtful Accounts for Other Financial Assets [line items] | ||
Financial assets measured at fair value through other comprehensive income | 7,976 | 10,108 |
Shindengen Electric Manufacturing Co., Ltd. [member] | ||
Disclosure of Doubtful Accounts for Other Financial Assets [line items] | ||
Financial assets measured at fair value through other comprehensive income | 9,394 | |
NIPPON SEIKI CO., LTD. [member] | ||
Disclosure of Doubtful Accounts for Other Financial Assets [line items] | ||
Financial assets measured at fair value through other comprehensive income | 6,714 | 7,247 |
Daido Steel Co., Ltd. [member] | ||
Disclosure of Doubtful Accounts for Other Financial Assets [line items] | ||
Financial assets measured at fair value through other comprehensive income | ¥ 7,101 | |
NIKKON Holdings Co., Ltd. [member] | ||
Disclosure of Doubtful Accounts for Other Financial Assets [line items] | ||
Financial assets measured at fair value through other comprehensive income | 6,414 | |
Tokio Marine Holdings, Inc. [member] | ||
Disclosure of Doubtful Accounts for Other Financial Assets [line items] | ||
Financial assets measured at fair value through other comprehensive income | ¥ 5,859 |
Other Financial Assets - Summ_3
Other Financial Assets - Summary of Fair Values at Date of Derecognition and Cumulative Net Gains or Losses Recognized in Other Comprehensive Income in Equity (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of financial assets [abstract] | |||
Fair value | ¥ 61,038 | ¥ 431 | ¥ 2 |
Cumulative net gain or loss | ¥ 39,382 | ¥ 302 | ¥ (1) |
Inventories - Summary of Invent
Inventories - Summary of Inventories (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Classes of current inventories [abstract] | ||
Finished goods | ¥ 973,797 | ¥ 931,774 |
Work in process | 78,006 | 69,702 |
Raw materials | 534,984 | 521,979 |
Total | ¥ 1,586,787 | ¥ 1,523,455 |
Inventories - Additional Inform
Inventories - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Classes of current inventories [abstract] | |||
Write-down of inventories recognized as an expense | ¥ 32,565 | ¥ 67,768 | ¥ 22,707 |
Investments Accounted for Usi_3
Investments Accounted for Using the Equity Method - Equity in Affiliates and Joint Ventures (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Investments accounted for using equity method [abstract] | |||
Investments accounted for using the equity method, Affiliates | ¥ 382,706 | ¥ 359,784 | |
Investments accounted for using the equity method, Joint ventures | 330,333 | 319,733 | |
Investments accounted for using the equity method, Total | 713,039 | 679,517 | ¥ 597,262 |
Honda's equity of undistributed earnings, Affiliates | 294,532 | 261,296 | |
Honda's equity of undistributed earnings, Joint ventures | 249,284 | 230,387 | |
Honda's equity of undistributed earnings, Total | ¥ 543,816 | ¥ 491,683 |
Investments Accounted for Usi_4
Investments Accounted for Using the Equity Method - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of investments accounted for using equity method [line items] | |||
Proportion of ownership interest in joint venture | 50.00% | ||
Investments accounted for using equity method [member] | |||
Disclosure of investments accounted for using equity method [line items] | |||
Impairment losses recognized on certain investments accounted for using the equity method | ¥ 12,871 | ||
Reversal of impairment losses | ¥ 15,782 |
Investments Accounted for Usi_5
Investments Accounted for Using the Equity Method - Share of Comprehensive Income of Affiliates and Joint Ventures (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of investments accounted for using equity method [line items] | |||
Profit for the year | ¥ 228,827 | ¥ 247,643 | ¥ 164,793 |
Other comprehensive income | (21,684) | 12,308 | (19,382) |
Comprehensive income for the year | 207,143 | 259,951 | 145,411 |
Affiliates [member] | |||
Disclosure of investments accounted for using equity method [line items] | |||
Profit for the year | 43,137 | 45,501 | 9,626 |
Other comprehensive income | (13,150) | 4,983 | (6,560) |
Comprehensive income for the year | 29,987 | 50,484 | 3,066 |
Joint ventures [member] | |||
Disclosure of investments accounted for using equity method [line items] | |||
Profit for the year | 185,690 | 202,142 | 155,167 |
Other comprehensive income | (8,534) | 7,325 | (12,822) |
Comprehensive income for the year | ¥ 177,156 | ¥ 209,467 | ¥ 142,345 |
Investments Accounted for Usi_6
Investments Accounted for Using the Equity Method - Summarized Financial Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 | |
Disclosure of investments accounted for using equity method [line items] | ||||
Current assets | ¥ 7,347,294 | ¥ 6,925,288 | ||
Non-current assets | 13,071,828 | 12,423,876 | ||
Total assets | 20,419,122 | 19,349,164 | ¥ 18,958,123 | |
Current liabilities | 5,981,124 | 5,624,099 | ||
Non-current liabilities | 5,872,208 | 5,490,970 | ||
Total liabilities | 11,853,332 | 11,115,069 | ||
Total equity | 8,565,790 | 8,234,095 | 7,569,626 | ¥ 7,031,788 |
Cash and cash equivalents included in current assets | 2,494,121 | 2,256,488 | 2,105,976 | ¥ 1,757,456 |
Sales revenue | 15,888,617 | 15,361,146 | 13,999,200 | |
Depreciation and amortization | 1,468,685 | 1,454,116 | 1,335,428 | |
Income tax expense | 303,089 | (13,666) | 327,592 | |
Profit for the year | 676,286 | 1,128,639 | 679,394 | |
Other comprehensive income | 26,321 | (159,244) | 69,543 | |
Comprehensive income for the year | 702,607 | 969,395 | 748,937 | |
Honda's share of comprehensive income for the year | 207,143 | 259,951 | 145,411 | |
Dongfeng Honda Automobile Co Ltd [member] | ||||
Disclosure of investments accounted for using equity method [line items] | ||||
Current assets | 513,364 | 548,948 | ||
Non-current assets | 195,806 | 160,874 | ||
Total assets | 709,170 | 709,822 | ||
Current liabilities | 369,119 | 397,669 | ||
Non-current liabilities | 42,264 | 41,032 | ||
Total liabilities | 411,383 | 438,701 | ||
Total equity | 297,787 | 271,121 | ||
Carrying amount of its interest in the joint venture | 147,583 | 134,172 | ||
Cash and cash equivalents included in current assets | 201,698 | 275,571 | ||
Financial liabilities (excluding trade payables and provisions) included in current liabilities | 4,628 | 4,421 | ||
Sales revenue | 1,696,651 | 1,695,603 | 1,321,596 | |
Interest income | 6,190 | 8,998 | 4,663 | |
Depreciation and amortization | 16,091 | 16,001 | 16,391 | |
Income tax expense | 58,504 | 60,295 | 49,928 | |
Profit for the year | 176,787 | 185,604 | 140,916 | |
Other comprehensive income | (8,354) | 11,586 | (12,558) | |
Comprehensive income for the year | 168,433 | 197,190 | 128,358 | |
Honda's share of comprehensive income for the year | 84,273 | 99,437 | 64,356 | |
Dividend from the joint venture to Honda | 70,788 | 75,407 | 53,554 | |
Dongfeng Honda Automobile Co Ltd [member] | Equity attributable to owners of the parent [Member] | ||||
Disclosure of investments accounted for using equity method [line items] | ||||
Total equity | 148,893 | 135,561 | ||
Comprehensive income for the year | 84,217 | 98,595 | 64,179 | |
Dongfeng Honda Automobile Co Ltd [member] | Equity Method Adjustments [member] | ||||
Disclosure of investments accounted for using equity method [line items] | ||||
Total equity | (1,310) | (1,389) | ||
Comprehensive income for the year | ¥ 56 | ¥ 842 | ¥ 177 |
Investments Accounted for Usi_7
Investments Accounted for Using the Equity Method - Combined Financial Information of Affiliates and Joint Ventures (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 | |
Disclosure of investments accounted for using equity method [line items] | ||||
Current assets | ¥ 7,347,294 | ¥ 6,925,288 | ||
Non-current assets | 13,071,828 | 12,423,876 | ||
Total assets | 20,419,122 | 19,349,164 | ¥ 18,958,123 | |
Current liabilities | 5,981,124 | 5,624,099 | ||
Non-current liabilities | 5,872,208 | 5,490,970 | ||
Total liabilities | 11,853,332 | 11,115,069 | ||
Total equity | 8,565,790 | 8,234,095 | 7,569,626 | ¥ 7,031,788 |
Sales revenue | 15,888,617 | 15,361,146 | 13,999,200 | |
Profit for the year | 676,286 | 1,128,639 | 679,394 | |
Affiliates [member] | ||||
Disclosure of investments accounted for using equity method [line items] | ||||
Current assets | 1,205,736 | 1,156,115 | ||
Non-current assets | 1,123,372 | 1,130,516 | ||
Total assets | 2,329,108 | 2,286,631 | ||
Current liabilities | 621,552 | 642,967 | ||
Non-current liabilities | 221,781 | 238,243 | ||
Total liabilities | 843,333 | 881,210 | ||
Total equity | 1,485,775 | 1,405,421 | ||
Sales revenue | 2,834,777 | 2,764,386 | 2,680,499 | |
Profit for the year | 153,253 | 111,235 | 71,230 | |
Affiliates [member] | Motorcycle business [member] | ||||
Disclosure of investments accounted for using equity method [line items] | ||||
Current assets | 53,449 | 56,573 | ||
Non-current assets | 31,464 | 29,300 | ||
Total assets | 84,913 | 85,873 | ||
Current liabilities | 24,307 | 25,806 | ||
Non-current liabilities | 4,414 | 5,638 | ||
Total liabilities | 28,721 | 31,444 | ||
Total equity | 56,192 | 54,429 | ||
Sales revenue | 170,750 | 168,229 | 158,174 | |
Profit for the year | 8,654 | 11,115 | 10,112 | |
Affiliates [member] | Automobile business [member] | ||||
Disclosure of investments accounted for using equity method [line items] | ||||
Current assets | 1,143,390 | 1,091,352 | ||
Non-current assets | 1,069,087 | 1,078,735 | ||
Total assets | 2,212,477 | 2,170,087 | ||
Current liabilities | 594,494 | 614,762 | ||
Non-current liabilities | 216,199 | 231,325 | ||
Total liabilities | 810,693 | 846,087 | ||
Total equity | 1,401,784 | 1,324,000 | ||
Sales revenue | 2,657,023 | 2,589,380 | 2,515,601 | |
Profit for the year | 143,833 | 99,119 | 60,145 | |
Affiliates [member] | Power product and other businesses [member] | ||||
Disclosure of investments accounted for using equity method [line items] | ||||
Current assets | 8,897 | 8,190 | ||
Non-current assets | 22,821 | 22,481 | ||
Total assets | 31,718 | 30,671 | ||
Current liabilities | 2,751 | 2,399 | ||
Non-current liabilities | 1,168 | 1,280 | ||
Total liabilities | 3,919 | 3,679 | ||
Total equity | 27,799 | 26,992 | ||
Sales revenue | 7,004 | 6,777 | 6,724 | |
Profit for the year | 766 | 1,001 | 973 | |
Joint ventures [member] | ||||
Disclosure of investments accounted for using equity method [line items] | ||||
Current assets | 1,393,450 | 1,430,306 | ||
Non-current assets | 497,451 | 392,820 | ||
Total assets | 1,890,901 | 1,823,126 | ||
Current liabilities | 1,123,061 | 1,108,004 | ||
Non-current liabilities | 93,031 | 84,582 | ||
Total liabilities | 1,216,092 | 1,192,586 | ||
Total equity | 674,809 | 630,540 | ||
Sales revenue | 4,572,205 | 4,542,303 | 3,714,666 | |
Profit for the year | 371,154 | 404,731 | 309,416 | |
Joint ventures [member] | Motorcycle business [member] | ||||
Disclosure of investments accounted for using equity method [line items] | ||||
Current assets | 210,818 | 208,510 | ||
Non-current assets | 119,749 | 106,351 | ||
Total assets | 330,567 | 314,861 | ||
Current liabilities | 192,951 | 176,486 | ||
Non-current liabilities | 10,842 | 9,884 | ||
Total liabilities | 203,793 | 186,370 | ||
Total equity | 126,774 | 128,491 | ||
Sales revenue | 746,385 | 701,676 | 671,227 | |
Profit for the year | 54,230 | 56,733 | 58,585 | |
Joint ventures [member] | Automobile business [member] | ||||
Disclosure of investments accounted for using equity method [line items] | ||||
Current assets | 1,179,520 | 1,219,060 | ||
Non-current assets | 377,019 | 285,869 | ||
Total assets | 1,556,539 | 1,504,929 | ||
Current liabilities | 929,071 | 930,759 | ||
Non-current liabilities | 81,316 | 73,508 | ||
Total liabilities | 1,010,387 | 1,004,267 | ||
Total equity | 546,152 | 500,662 | ||
Sales revenue | 3,819,913 | 3,835,476 | 3,038,643 | |
Profit for the year | 316,491 | 347,661 | 250,451 | |
Joint ventures [member] | Power product and other businesses [member] | ||||
Disclosure of investments accounted for using equity method [line items] | ||||
Current assets | 3,112 | 2,736 | ||
Non-current assets | 683 | 600 | ||
Total assets | 3,795 | 3,336 | ||
Current liabilities | 1,039 | 759 | ||
Non-current liabilities | 873 | 1,190 | ||
Total liabilities | 1,912 | 1,949 | ||
Total equity | 1,883 | 1,387 | ||
Sales revenue | 5,907 | 5,151 | 4,796 | |
Profit for the year | ¥ 433 | ¥ 337 | ¥ 380 |
Equipment on Operating Leases -
Equipment on Operating Leases - Changes in Cost, Accumulated Depreciation and Impairment Losses, and the Carrying Amounts of Equipment on Operating Leases (Detail) - Equipment on operating leases [member] - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | ¥ 4,088,133 | |
Ending balance | 4,448,849 | ¥ 4,088,133 |
Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 5,218,446 | 5,114,543 |
Additions | 2,038,734 | 1,799,155 |
Sales or disposal | (1,721,471) | (1,475,302) |
Exchange differences on translating foreign operations | 164,802 | (219,950) |
Other | ||
Ending balance | 5,700,511 | 5,218,446 |
Accumulated depreciation, amortization and impairment losses [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (1,130,313) | (1,009,880) |
Depreciation | (781,082) | (744,717) |
Sales or disposal | 704,691 | 591,721 |
Exchange differences on translating foreign operations | (32,242) | 44,474 |
Other | (12,716) | (11,911) |
Ending balance | ¥ (1,251,662) | ¥ (1,130,313) |
Equipment on Operating Leases_2
Equipment on Operating Leases - Future Minimum Lease Payments Expected to be Received under Non-cancellable Operating Leases to be Received (Detail) - Equipment on operating leases [member] - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of finance lease and operating lease by lessor [line items] | ||
Future minimum lease payments expected to be received under non-cancelable operating leases | ¥ 1,634,439 | ¥ 1,466,866 |
Within 1 year [member] | ||
Disclosure of finance lease and operating lease by lessor [line items] | ||
Future minimum lease payments expected to be received under non-cancelable operating leases | 736,650 | 689,284 |
Between 1 and 5 years [member] | ||
Disclosure of finance lease and operating lease by lessor [line items] | ||
Future minimum lease payments expected to be received under non-cancelable operating leases | 897,789 | 777,582 |
Later than 5 years [member] | ||
Disclosure of finance lease and operating lease by lessor [line items] | ||
Future minimum lease payments expected to be received under non-cancelable operating leases |
Property Plant and Equipment -
Property Plant and Equipment - Changes in Cost, Accumulated Depreciation and Impairment Losses, and the Carrying Amounts of Property, Plant and Equipment (Detail) - Property, plant and equipment [member] - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | ¥ 3,062,433 | |
Ending balance | 2,981,840 | ¥ 3,062,433 |
Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 8,367,049 | 8,360,354 |
Additions | 466,657 | 484,778 |
Reclassification | ||
Sales or disposal | (307,662) | (292,262) |
Exchange differences on translating foreign operations | 82,783 | (182,458) |
Other | (5,469) | (3,363) |
Ending balance | 8,603,358 | 8,367,049 |
Accumulated depreciation, amortization and impairment losses [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (5,304,616) | (5,159,976) |
Depreciation | (499,036) | (513,455) |
Impairment losses | (27,048) | |
Sales or disposal | 264,489 | 251,799 |
Exchange differences on translating foreign operations | (60,328) | 119,123 |
Other | 5,021 | (2,107) |
Ending balance | (5,621,518) | (5,304,616) |
Land [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 541,013 | |
Ending balance | 542,319 | 541,013 |
Land [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 545,192 | 546,855 |
Additions | 304 | 397 |
Reclassification | 2,421 | 1,216 |
Sales or disposal | (1,469) | (1,543) |
Exchange differences on translating foreign operations | 307 | (1,733) |
Other | 128 | |
Ending balance | 546,883 | 545,192 |
Land [member] | Accumulated depreciation, amortization and impairment losses [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (4,179) | (3,866) |
Depreciation | ||
Impairment losses | (1,052) | |
Sales or disposal | 22 | 18 |
Exchange differences on translating foreign operations | 9 | (32) |
Other | 636 | (299) |
Ending balance | (4,564) | (4,179) |
Buildings and structures [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 978,031 | |
Ending balance | 977,141 | 978,031 |
Buildings and structures [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 2,248,793 | 2,231,274 |
Additions | 10,399 | 7,725 |
Reclassification | 64,101 | 58,706 |
Sales or disposal | (11,432) | (13,937) |
Exchange differences on translating foreign operations | 15,931 | (34,039) |
Other | (269) | (936) |
Ending balance | 2,327,523 | 2,248,793 |
Buildings and structures [member] | Accumulated depreciation, amortization and impairment losses [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (1,270,762) | (1,224,339) |
Depreciation | (74,391) | (75,561) |
Impairment losses | (6,077) | |
Sales or disposal | 9,665 | 12,136 |
Exchange differences on translating foreign operations | (9,266) | 16,217 |
Other | 449 | 785 |
Ending balance | (1,350,382) | (1,270,762) |
Machinery and equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 1,353,015 | |
Ending balance | 1,252,548 | 1,353,015 |
Machinery and equipment [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 5,380,505 | 5,305,139 |
Additions | 174,686 | 134,604 |
Reclassification | 194,365 | 359,442 |
Sales or disposal | (294,761) | (276,782) |
Exchange differences on translating foreign operations | 63,898 | (140,296) |
Other | (3,710) | (1,602) |
Ending balance | 5,514,983 | 5,380,505 |
Machinery and equipment [member] | Accumulated depreciation, amortization and impairment losses [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (4,027,490) | (3,929,601) |
Depreciation | (424,645) | (437,894) |
Impairment losses | (17,944) | |
Sales or disposal | 254,802 | 239,645 |
Exchange differences on translating foreign operations | (51,094) | 103,037 |
Other | 3,936 | (2,677) |
Ending balance | (4,262,435) | (4,027,490) |
Construction in progress [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 190,374 | |
Ending balance | 209,832 | 190,374 |
Construction in progress [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 192,559 | 277,086 |
Additions | 281,268 | 342,052 |
Reclassification | (260,887) | (419,364) |
Sales or disposal | ||
Exchange differences on translating foreign operations | 2,647 | (6,390) |
Other | (1,618) | (825) |
Ending balance | 213,969 | 192,559 |
Construction in progress [member] | Accumulated depreciation, amortization and impairment losses [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (2,185) | (2,170) |
Depreciation | ||
Impairment losses | (1,975) | |
Sales or disposal | ||
Exchange differences on translating foreign operations | 23 | (99) |
Other | 84 | |
Ending balance | ¥ (4,137) | ¥ (2,185) |
Intangible Assets - Changes in
Intangible Assets - Changes in Cost, Accumulated Amortization and Impairment Losses, and Carrying Amounts of Intangible Assets (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Beginning balance | ¥ 741,514 | |
Ending balance | 744,368 | ¥ 741,514 |
Gross carrying amount [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Beginning balance | 1,361,596 | 1,358,041 |
Additions | 15,792 | 15,234 |
Internally developed | 176,207 | 146,386 |
Sales or disposal | (109,584) | (153,089) |
Exchange differences on translating foreign operations | 1,817 | (4,010) |
Other | 2,166 | (966) |
Ending balance | 1,447,994 | 1,361,596 |
Accumulated depreciation, amortization and impairment losses [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Beginning balance | (620,082) | (579,849) |
Amortization | (188,567) | (195,944) |
Sales or disposal | 107,138 | 151,304 |
Exchange differences on translating foreign operations | (1,827) | 3,747 |
Other | (288) | 660 |
Ending balance | (703,626) | (620,082) |
Capitalized development costs [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Beginning balance | 598,521 | |
Ending balance | 611,827 | 598,521 |
Capitalized development costs [member] | Gross carrying amount [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Beginning balance | 972,964 | 977,134 |
Additions | ||
Internally developed | 161,232 | 132,800 |
Sales or disposal | (104,237) | (137,637) |
Exchange differences on translating foreign operations | 183 | 667 |
Other | ||
Ending balance | 1,030,142 | 972,964 |
Capitalized development costs [member] | Accumulated depreciation, amortization and impairment losses [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Beginning balance | (374,443) | (358,130) |
Amortization | (148,100) | (153,922) |
Sales or disposal | 104,237 | 137,637 |
Exchange differences on translating foreign operations | (9) | (28) |
Other | ||
Ending balance | (418,315) | (374,443) |
Software [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Beginning balance | 118,475 | |
Ending balance | 105,066 | 118,475 |
Software [member] | Gross carrying amount [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Beginning balance | 355,163 | 347,045 |
Additions | 11,836 | 12,765 |
Internally developed | 14,975 | 13,586 |
Sales or disposal | (5,082) | (13,757) |
Exchange differences on translating foreign operations | 2,701 | (4,388) |
Other | (29) | (88) |
Ending balance | 379,564 | 355,163 |
Software [member] | Accumulated depreciation, amortization and impairment losses [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Beginning balance | (236,688) | (211,912) |
Amortization | (39,224) | (40,663) |
Sales or disposal | 2,842 | 12,610 |
Exchange differences on translating foreign operations | (2,040) | 3,423 |
Other | 612 | (146) |
Ending balance | (274,498) | (236,688) |
Other [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Beginning balance | 24,518 | |
Ending balance | 27,475 | 24,518 |
Other [member] | Gross carrying amount [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Beginning balance | 33,469 | 33,862 |
Additions | 3,956 | 2,469 |
Internally developed | ||
Sales or disposal | (265) | (1,695) |
Exchange differences on translating foreign operations | (1,067) | (289) |
Other | 2,195 | (878) |
Ending balance | 38,288 | 33,469 |
Other [member] | Accumulated depreciation, amortization and impairment losses [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Beginning balance | (8,951) | (9,807) |
Amortization | (1,243) | (1,359) |
Sales or disposal | 59 | 1,057 |
Exchange differences on translating foreign operations | 222 | 352 |
Other | (900) | 806 |
Ending balance | ¥ (10,813) | ¥ (8,951) |
Trade Payables - Summary of Tra
Trade Payables - Summary of Trade Payables (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of financial liabilities [line items] | ||
Trade payables | ¥ 1,184,882 | ¥ 1,224,627 |
Trade accounts and notes payable [Member] | ||
Disclosure of financial liabilities [line items] | ||
Trade payables | 1,056,065 | 1,075,545 |
Other [member] | ||
Disclosure of financial liabilities [line items] | ||
Trade payables | ¥ 128,817 | ¥ 149,082 |
Financing Liabilities - Financi
Financing Liabilities - Financing Liabilities Presented in Current Liabilities (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of detailed information about borrowings [line items] | ||
Current financing liabilities | ¥ 1,473,624 | ¥ 1,236,647 |
Reclassification from non-current liabilities (Current portion) | 1,715,158 | 1,680,614 |
Total | 3,188,782 | 2,917,261 |
Commercial paper [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Current financing liabilities | 943,905 | 849,605 |
Loans [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Current financing liabilities | 366,620 | 312,992 |
Medium-term notes [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Current financing liabilities | 122,080 | 40,070 |
Asset-backed securities [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Current financing liabilities | ¥ 41,019 | ¥ 33,980 |
Financing Liabilities - Weighte
Financing Liabilities - Weighted Average Interest Rates for Financing Liabilities Presented in Current Liabilities (Excluding Reclassification from Non-current Liabilities) (Detail) | Mar. 31, 2019 | Mar. 31, 2018 |
Current borrowings [member] | Weighted average [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Weighted average interest rate | 1.85% | 1.51% |
Financing Liabilities - Finan_2
Financing Liabilities - Financing Liabilities Presented in Non-current Liabilities (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of detailed information about borrowings [line items] | ||
Non-current financing liabilities | ¥ 5,857,496 | ¥ 5,562,363 |
Reclassification to current liabilities (Current portion) | (1,715,158) | (1,680,614) |
Total | 4,142,338 | 3,881,749 |
Loans [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Non-current financing liabilities | 1,235,791 | 1,253,429 |
Medium-term notes [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Non-current financing liabilities | 3,151,868 | 2,885,168 |
Corporate bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Non-current financing liabilities | 444,517 | 454,543 |
Asset-backed securities [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Non-current financing liabilities | ¥ 1,025,320 | ¥ 969,223 |
Financing Liabilities - Interes
Financing Liabilities - Interest Rate Range and Payment Due Date for Financing Liabilities Presented in Non-current Liabilities (Including Reclassification to Current Liabilities) (Detail) - Non-current liabilities [member] | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Loans [member] | Bottom of range [member] | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Interest rate | 0.10% | 0.09% |
Payment due | 2019 | 2018 |
Loans [member] | Top of range [member] | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Interest rate | 10.50% | 15.00% |
Payment due | 2046 | 2046 |
Medium-term notes [member] | Bottom of range [member] | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Interest rate | 0.35% | 0.07% |
Payment due | 2019 | 2018 |
Medium-term notes [member] | Top of range [member] | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Interest rate | 3.88% | 7.63% |
Payment due | 2028 | 2028 |
Corporate bonds [member] | Bottom of range [member] | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Interest rate | 0.01% | 0.01% |
Payment due | 2019 | 2018 |
Corporate bonds [member] | Top of range [member] | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Interest rate | 0.59% | 0.59% |
Payment due | 2023 | 2022 |
Asset-backed securities [member] | Bottom of range [member] | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Interest rate | 0.11% | 0.13% |
Payment due | 2019 | 2018 |
Asset-backed securities [member] | Top of range [member] | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Interest rate | 3.30% | 2.83% |
Payment due | 2024 | 2023 |
Financing Liabilities - Pledged
Financing Liabilities - Pledged Assets for Financing Liabilities (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Borrowings [abstract] | ||
Trade receivables | ¥ 26,286 | ¥ 24,571 |
Receivables from financial services | 1,134,489 | 1,047,676 |
Inventories | 26,677 | 17,528 |
Property, plant and equipment | 55,139 | 58,720 |
Total | ¥ 1,242,591 | ¥ 1,148,495 |
Financing Liabilities - The Cha
Financing Liabilities - The Changes in Liabilities Arising from Financing Activities (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Changes in liabilities arising from financing activities, beginning balance | ¥ 6,855,427 | ¥ 6,903,782 |
Cash flows from financing activities | 351,947 | 134,478 |
Cash flows from operating activities | (9,187) | (3,308) |
Non-cash changes, Acquisitions | 37,028 | 50,610 |
Non-cash changes, Changes in foreign currency exchange rates | 132,261 | (200,457) |
Non-cash changes, Changes in fair value | 47,487 | (36,466) |
Non-cash changes, Other | 3,042 | 6,788 |
Changes in liabilities arising from financing activities, ending balance | 7,418,005 | 6,855,427 |
Short-term financing liabilities [member] | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Changes in liabilities arising from financing activities, beginning balance | 1,236,647 | 1,162,111 |
Cash flows from financing activities | 221,551 | 101,885 |
Cash flows from operating activities | ||
Non-cash changes, Acquisitions | ||
Non-cash changes, Changes in foreign currency exchange rates | 14,568 | (28,854) |
Non-cash changes, Changes in fair value | ||
Non-cash changes, Other | 858 | 1,505 |
Changes in liabilities arising from financing activities, ending balance | 1,473,624 | 1,236,647 |
Long-term financing liabilities [member] | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Changes in liabilities arising from financing activities, beginning balance | 5,562,363 | 5,647,007 |
Cash flows from financing activities | 174,160 | 80,042 |
Cash flows from operating activities | ||
Non-cash changes, Acquisitions | ||
Non-cash changes, Changes in foreign currency exchange rates | 118,789 | (169,403) |
Non-cash changes, Changes in fair value | ||
Non-cash changes, Other | 2,184 | 4,717 |
Changes in liabilities arising from financing activities, ending balance | 5,857,496 | 5,562,363 |
Lease obligations [member] | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Changes in liabilities arising from financing activities, beginning balance | 72,623 | 69,364 |
Cash flows from financing activities | (47,106) | (47,449) |
Cash flows from operating activities | ||
Non-cash changes, Acquisitions | 37,028 | 50,610 |
Non-cash changes, Changes in foreign currency exchange rates | (237) | (468) |
Non-cash changes, Changes in fair value | ||
Non-cash changes, Other | 566 | |
Changes in liabilities arising from financing activities, ending balance | 62,308 | 72,623 |
Derivative financial liabilities (assets) [member] | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Changes in liabilities arising from financing activities, beginning balance | (16,206) | 25,300 |
Cash flows from financing activities | 3,342 | |
Cash flows from operating activities | (9,187) | (3,308) |
Non-cash changes, Acquisitions | ||
Non-cash changes, Changes in foreign currency exchange rates | (859) | (1,732) |
Non-cash changes, Changes in fair value | 47,487 | (36,466) |
Non-cash changes, Other | ||
Changes in liabilities arising from financing activities, ending balance | ¥ 24,577 | ¥ (16,206) |
Other Financial Liabilities - S
Other Financial Liabilities - Summary of Other Financial Liabilities (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of financial liabilities [line items] | ||
Other financial liabilities | ¥ 196,599 | ¥ 175,410 |
Current liabilities | 132,910 | 115,405 |
Non-current liabilities | 63,689 | 60,005 |
Other financial liabilities | 196,599 | 175,410 |
Lease obligations [member] | ||
Disclosure of financial liabilities [line items] | ||
Other financial liabilities | 62,308 | 72,623 |
Other financial liabilities | 62,308 | 72,623 |
Financial liabilities measured at amortized cost [member] | ||
Disclosure of financial liabilities [line items] | ||
Other financial liabilities | 64,800 | 50,001 |
Other financial liabilities | 64,800 | 50,001 |
Financial liabilities measured at fair value through profit or loss [member] | Derivatives [member] | ||
Disclosure of financial liabilities [line items] | ||
Other financial liabilities | 69,491 | 52,786 |
Other financial liabilities | ¥ 69,491 | ¥ 52,786 |
Provisions - Components of and
Provisions - Components of and Changes in Provisions (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of other provisions [line items] | |||
Beginning balance | ¥ 526,619 | ||
Provision | 323,060 | ||
Write-offs | (256,544) | ||
Reversal | (26,619) | ||
Exchange differences on translating foreign operations | 7,528 | ||
Ending balance | 569,508 | ¥ 526,619 | |
Previously stated [member] | |||
Disclosure of other provisions [line items] | |||
Beginning balance | 526,619 | ||
Ending balance | 526,619 | ||
Effect of changes in accounting policy [member] | |||
Disclosure of other provisions [line items] | |||
Beginning balance | (4,536) | ||
Ending balance | (4,536) | ||
Adjusted balance [member] | |||
Disclosure of other provisions [line items] | |||
Beginning balance | 522,083 | ||
Ending balance | 522,083 | ||
Product warranties [member] | |||
Disclosure of other provisions [line items] | |||
Provision | 247,194 | 219,575 | ¥ 198,016 |
Write-offs | (231,230) | ||
Reversal | (17,596) | ||
Exchange differences on translating foreign operations | 7,054 | ||
Ending balance | 458,482 | ||
Product warranties [member] | Previously stated [member] | |||
Disclosure of other provisions [line items] | |||
Beginning balance | 457,596 | ||
Ending balance | 457,596 | ||
Product warranties [member] | Effect of changes in accounting policy [member] | |||
Disclosure of other provisions [line items] | |||
Beginning balance | (4,536) | ||
Ending balance | (4,536) | ||
Product warranties [member] | Adjusted balance [member] | |||
Disclosure of other provisions [line items] | |||
Beginning balance | 453,060 | ||
Ending balance | 453,060 | ||
Other [member] | |||
Disclosure of other provisions [line items] | |||
Provision | 75,866 | ||
Write-offs | (25,314) | ||
Reversal | (9,023) | ||
Exchange differences on translating foreign operations | 474 | ||
Ending balance | 111,026 | ||
Other [member] | Previously stated [member] | |||
Disclosure of other provisions [line items] | |||
Beginning balance | 69,023 | ||
Ending balance | 69,023 | ||
Other [member] | Effect of changes in accounting policy [member] | |||
Disclosure of other provisions [line items] | |||
Beginning balance | |||
Ending balance | |||
Other [member] | Adjusted balance [member] | |||
Disclosure of other provisions [line items] | |||
Beginning balance | ¥ 69,023 | ||
Ending balance | ¥ 69,023 |
Provisions - Current Liabilitie
Provisions - Current Liabilities and Non-current Liabilities of Provisions (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of other provisions [abstract] | ||
Current liabilities | ¥ 348,763 | ¥ 305,994 |
Non-current liabilities | 220,745 | 220,625 |
Total | ¥ 569,508 | ¥ 526,619 |
Employee Benefits - Additional
Employee Benefits - Additional Information (Detail) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019JPY (¥) | Mar. 31, 2018JPY (¥)Age | Mar. 31, 2017JPY (¥) | |
Disclosure of defined benefit plans [line items] | |||
Mandatory retirement age before the severance plan amendments | Age | 60 | ||
Mandatory retirement age after the severance plan amendments | 65 | ||
Mandatory retirement age after the severance plan amendments, effective date | April 1, 2017 | ||
Japanese plans [member] | |||
Disclosure of defined benefit plans [line items] | |||
Contribiution in pension plan | ¥ 22,751 | ||
Japanese plans [member] | Present value of defined benefit obligation [member] | |||
Disclosure of defined benefit plans [line items] | |||
Past service cost in profit or loss | ¥ (84,024) | ||
Japanese plans [member] | Present value of defined benefit obligation [member] | Cost of sales [member] | |||
Disclosure of defined benefit plans [line items] | |||
Past service cost in profit or loss | (37,197) | ||
Japanese plans [member] | Present value of defined benefit obligation [member] | Selling, general and administrative expenses [member] | |||
Disclosure of defined benefit plans [line items] | |||
Past service cost in profit or loss | (21,385) | ||
Japanese plans [member] | Present value of defined benefit obligation [member] | Research and development [member] | |||
Disclosure of defined benefit plans [line items] | |||
Past service cost in profit or loss | ¥ (25,442) | ||
Foreign plans [member] | |||
Disclosure of defined benefit plans [line items] | |||
Contribiution in pension plan | 53,481 | ||
Foreign plans [member] | Present value of defined benefit obligation [member] | |||
Disclosure of defined benefit plans [line items] | |||
Past service cost in profit or loss | 338 | ¥ 506 | |
United Kingdom Plans [member] | Pension defined benefit plans [member] | |||
Disclosure of defined benefit plans [line items] | |||
Contribiution in pension plan | ¥ 32,186 |
Employee Benefits - Changes in
Employee Benefits - Changes in Present Value of Defined Benefit Obligations and Fair Value of Plan Assets (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Japanese plans [member] | |||
Remeasurements: | |||
Net defined benefit liabilities | ¥ 121,850 | ¥ 112,402 | |
Foreign plans [member] | |||
Remeasurements: | |||
Net defined benefit liabilities | 225,580 | 235,225 | |
Present value of defined benefit obligation [member] | Japanese plans [member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Balance at beginning of year | 1,331,475 | 1,362,192 | |
Current service cost | 36,300 | 35,138 | |
Past service cost | ¥ (84,024) | ||
Interest cost | 9,535 | 10,493 | |
Plan participants' contributions | |||
Transfer to defined contribution plan | (63,055) | ||
Remeasurements: | |||
Changes in demographic assumptions | (25,360) | 13,843 | |
Changes in financial assumptions | 34,655 | 19,783 | |
Other | 21,981 | (4,599) | |
Benefits paid | (42,206) | (42,320) | |
Exchange differences on translating foreign operations | |||
Balance at end of year | 1,366,380 | 1,331,475 | 1,362,192 |
Present value of defined benefit obligation [member] | Foreign plans [member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Balance at beginning of year | 1,042,753 | 1,057,351 | |
Current service cost | 29,133 | 28,387 | |
Past service cost | 338 | 506 | |
Interest cost | 39,547 | 39,401 | |
Plan participants' contributions | 1,903 | 1,579 | |
Transfer to defined contribution plan | |||
Remeasurements: | |||
Changes in demographic assumptions | (3,648) | (1,951) | |
Changes in financial assumptions | 36,157 | 30,612 | |
Other | 8,943 | (21,512) | |
Benefits paid | (96,801) | (56,631) | |
Exchange differences on translating foreign operations | 28,113 | (34,989) | |
Balance at end of year | 1,086,438 | 1,042,753 | 1,057,351 |
Fair value of plan assets [member] | Japanese plans [member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Balance at beginning of year | 1,219,073 | 1,182,140 | |
Interest cost | 8,807 | 9,630 | |
Actual return on plan assets, excluding interest income | 34,142 | 45,841 | |
Employer contributions | 22,109 | 21,652 | |
Plan participants' contributions | |||
Remeasurements: | |||
Benefits paid | (39,601) | (40,190) | |
Exchange differences on translating foreign operations | |||
Balance at end of year | 1,244,530 | 1,219,073 | 1,182,140 |
Fair value of plan assets [member] | Foreign plans [member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Balance at beginning of year | 807,528 | 795,561 | |
Interest cost | 30,553 | 29,950 | |
Actual return on plan assets, excluding interest income | 10,489 | 35,412 | |
Employer contributions | 87,803 | 25,964 | |
Plan participants' contributions | 1,903 | 1,579 | |
Remeasurements: | |||
Benefits paid | (96,801) | (56,631) | |
Exchange differences on translating foreign operations | 19,383 | (24,307) | |
Balance at end of year | ¥ 860,858 | ¥ 807,528 | ¥ 795,561 |
Employee Benefits - Fair Value
Employee Benefits - Fair Value of Japanese and Foreign Pension Plan Assets By Asset Category (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Japanese plans [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Cash and cash equivalents | ¥ 9,207 | ¥ 5,464 |
General accounts | 34,663 | 32,322 |
Separate accounts | 16,569 | 16,243 |
Other | 5,850 | 2,838 |
Total | 1,244,530 | 1,219,073 |
Japanese plans [member] | Real estate funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | ||
Japanese plans [member] | Private equity funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | ||
Japanese plans [member] | Hedge funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | 116,183 | 112,011 |
Japanese plans [member] | Commingled and other mutual funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | 115,773 | 132,858 |
Japanese plans [member] | Japan [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Equity securities | 32,886 | 31,306 |
Debt securities | 71,487 | 74,500 |
Japanese plans [member] | United States [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Equity securities | 234,226 | 214,783 |
Debt securities | 146,709 | 124,373 |
Japanese plans [member] | Other [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Equity securities | 231,404 | 228,083 |
Debt securities | 229,573 | 244,292 |
Japanese plans [member] | Level 1 [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Cash and cash equivalents | 9,207 | 5,464 |
General accounts | ||
Separate accounts | ||
Other | 32 | 8 |
Total | 767,622 | 707,370 |
Japanese plans [member] | Level 1 [member] | Real estate funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | ||
Japanese plans [member] | Level 1 [member] | Private equity funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | ||
Japanese plans [member] | Level 1 [member] | Hedge funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | ||
Japanese plans [member] | Level 1 [member] | Commingled and other mutual funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | 3,859 | 2,213 |
Japanese plans [member] | Level 1 [member] | Japan [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Equity securities | 32,885 | 31,306 |
Debt securities | 71,487 | 73,125 |
Japanese plans [member] | Level 1 [member] | United States [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Equity securities | 234,226 | 214,783 |
Debt securities | 3,036 | 2,799 |
Japanese plans [member] | Level 1 [member] | Other [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Equity securities | 231,162 | 228,083 |
Debt securities | 181,728 | 149,589 |
Japanese plans [member] | Unquoted, Market price in active market [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Cash and cash equivalents | ||
General accounts | 34,663 | 32,322 |
Separate accounts | 16,569 | 16,243 |
Other | 5,818 | 2,830 |
Total | 476,908 | 511,703 |
Japanese plans [member] | Unquoted, Market price in active market [member] | Real estate funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | ||
Japanese plans [member] | Unquoted, Market price in active market [member] | Private equity funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | ||
Japanese plans [member] | Unquoted, Market price in active market [member] | Hedge funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | 116,183 | 112,011 |
Japanese plans [member] | Unquoted, Market price in active market [member] | Commingled and other mutual funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | 111,914 | 130,645 |
Japanese plans [member] | Unquoted, Market price in active market [member] | Japan [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Equity securities | 1 | |
Debt securities | 1,375 | |
Japanese plans [member] | Unquoted, Market price in active market [member] | United States [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Equity securities | ||
Debt securities | 143,673 | 121,574 |
Japanese plans [member] | Unquoted, Market price in active market [member] | Other [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Equity securities | 242 | |
Debt securities | 47,845 | 94,703 |
Foreign plans [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Cash and cash equivalents | 36,373 | 5,659 |
General accounts | ||
Separate accounts | ||
Other | 14,611 | 16,584 |
Total | 860,858 | 807,528 |
Foreign plans [member] | Real estate funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | 53,100 | 61,459 |
Foreign plans [member] | Private equity funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | 91,264 | 73,972 |
Foreign plans [member] | Hedge funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | 61,520 | 53,357 |
Foreign plans [member] | Commingled and other mutual funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | 247,386 | 268,001 |
Foreign plans [member] | Japan [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Equity securities | 13,970 | 18,333 |
Debt securities | 433 | 183 |
Foreign plans [member] | United States [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Equity securities | 94,332 | 92,774 |
Debt securities | 119,942 | 105,986 |
Foreign plans [member] | Other [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Equity securities | 117,017 | 98,659 |
Debt securities | 10,910 | 12,561 |
Foreign plans [member] | Level 1 [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Cash and cash equivalents | 36,373 | 5,659 |
General accounts | ||
Separate accounts | ||
Other | (1,447) | (875) |
Total | 264,513 | 264,110 |
Foreign plans [member] | Level 1 [member] | Real estate funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | ||
Foreign plans [member] | Level 1 [member] | Private equity funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | ||
Foreign plans [member] | Level 1 [member] | Hedge funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | ||
Foreign plans [member] | Level 1 [member] | Commingled and other mutual funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | 8,882 | 54,063 |
Foreign plans [member] | Level 1 [member] | Japan [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Equity securities | 13,970 | 18,333 |
Debt securities | ||
Foreign plans [member] | Level 1 [member] | United States [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Equity securities | 94,332 | 92,774 |
Debt securities | ||
Foreign plans [member] | Level 1 [member] | Other [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Equity securities | 112,403 | 94,156 |
Debt securities | ||
Foreign plans [member] | Unquoted, Market price in active market [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Cash and cash equivalents | ||
General accounts | ||
Separate accounts | ||
Other | 16,058 | 17,459 |
Total | 596,345 | 543,418 |
Foreign plans [member] | Unquoted, Market price in active market [member] | Real estate funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | 53,100 | 61,459 |
Foreign plans [member] | Unquoted, Market price in active market [member] | Private equity funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | 91,264 | 73,972 |
Foreign plans [member] | Unquoted, Market price in active market [member] | Hedge funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | 61,520 | 53,357 |
Foreign plans [member] | Unquoted, Market price in active market [member] | Commingled and other mutual funds [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Pooled funds | 238,504 | 213,938 |
Foreign plans [member] | Unquoted, Market price in active market [member] | Japan [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Equity securities | ||
Debt securities | 433 | 183 |
Foreign plans [member] | Unquoted, Market price in active market [member] | United States [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Equity securities | ||
Debt securities | 119,942 | 105,986 |
Foreign plans [member] | Unquoted, Market price in active market [member] | Other [member] | ||
Disclosure of fair value of plan assets [line items] | ||
Equity securities | 4,614 | 4,503 |
Debt securities | ¥ 10,910 | ¥ 12,561 |
Employee Benefits - Significant
Employee Benefits - Significant Actuarial Assumptions Used to Determine Present Value of Defined Benefit Obligations (Detail) | Mar. 31, 2019 | Mar. 31, 2018 |
Japanese plans [member] | ||
Disclosure of defined benefit plans [line items] | ||
Discount rate | 0.60% | 0.70% |
Rate of salary increase | 1.60% | 1.70% |
Foreign plans [member] | Bottom of range [member] | ||
Disclosure of defined benefit plans [line items] | ||
Discount rate | 2.50% | 2.80% |
Rate of salary increase | 2.50% | 2.50% |
Foreign plans [member] | Top of range [member] | ||
Disclosure of defined benefit plans [line items] | ||
Discount rate | 3.90% | 4.20% |
Rate of salary increase | 3.00% | 3.00% |
Employee Benefits - Effects on
Employee Benefits - Effects on Defined Benefit Obligations Due to Increase or Decrease in Discount Rate (Detail) - Discount rates [member] - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Japanese plans [member] | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Effects on defined benefit obligations from a decrease in the discount rate | ¥ 114,468 | ¥ 112,535 |
Effects on defined benefit obligations from a increase in the discount rate | 101,281 | 99,540 |
Foreign plans [member] | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Effects on defined benefit obligations from a decrease in the discount rate | 102,878 | 97,682 |
Effects on defined benefit obligations from a increase in the discount rate | ¥ 90,659 | ¥ 85,897 |
Employee Benefits - Effects o_2
Employee Benefits - Effects on Defined Benefit Obligations Due to Increase or Decrease in Discount Rate (Parenthetical) (Detail) - Discount rates [member] | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Percentage of decrease in the discount rate | 0.50% | 0.50% |
Percentage of increase in the discount rate | 0.50% | 0.50% |
Employee Benefits - Weighted Av
Employee Benefits - Weighted Average Duration of Defined Benefit Obligations (Detail) - yr | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Japanese plans [member] | ||
Disclosure of defined benefit plans [line items] | ||
Weighted average duration of defined benefit obligations | 16 | 16 |
Foreign plans [member] | ||
Disclosure of defined benefit plans [line items] | ||
Weighted average duration of defined benefit obligations | 17 | 17 |
Employee Benefits - Personnel E
Employee Benefits - Personnel Expenses Included in Consolidated Statements of Income (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of defined benefit plans [abstract] | |||
Personnel expenses | ¥ 1,634,785 | ¥ 1,576,012 | ¥ 1,373,578 |
Equity - Financial Liabilities
Equity - Financial Liabilities and Equity (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 |
Equity and liabilities [abstract] | ||||
Financing liabilities | ¥ 7,331,120 | ¥ 6,799,010 | ||
Equity | ¥ 8,565,790 | ¥ 8,234,095 | ¥ 7,569,626 | ¥ 7,031,788 |
Equity - Total Number of Shares
Equity - Total Number of Shares Authorized and Issued (Detail) - shares | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Total number of authorized shares | |||
Common shares, no par value | 7,086,000,000 | 7,086,000,000 | 7,086,000,000 |
Total number of issued shares | |||
Balance at beginning of year | 1,811,428,430 | 1,811,428,430 | 1,811,428,430 |
Changes during the year | |||
Balance at end of year | 1,811,428,430 | 1,811,428,430 | 1,811,428,430 |
Equity - Additional Information
Equity - Additional Information (Detail) | 12 Months Ended |
Mar. 31, 2019 | |
Disclosure of classes of share capital [line items] | |
Percentage of cash dividends from retained earnings shall be appropriated as a capital reserve | 10.00% |
Percentage of capital reserve and legal reserve to common stock | 25.00% |
Bottom of range [member] | |
Disclosure of classes of share capital [line items] | |
Minimum percentage of paid-in amount or proceeds of issuance of shares allowed to be incorporated in common stock | 50.00% |
Equity - Total Number of Treasu
Equity - Total Number of Treasury Stock Held (Detail) - shares | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 |
Disclosure of classes of share capital [line items] | ||||
Common shares | 1,811,428,430 | 1,811,428,430 | 1,811,428,430 | 1,811,428,430 |
Treasury stock [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Common shares | 51,867,045 | 33,150,615 | 9,148,035 |
Equity - Changes in Other Compo
Equity - Changes in Other Components of Equity (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of reserves within equity [line items] | |||
Beginning balance | ¥ 8,234,095 | ¥ 7,569,626 | ¥ 7,031,788 |
Adjustment during the year | 26,321 | (159,244) | 69,543 |
Reclassification to retained earnings | |||
Ending balance | 8,565,790 | 8,234,095 | 7,569,626 |
Previously stated [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | 8,234,095 | ||
Ending balance | 8,614,994 | 8,234,095 | |
Effect of changes in accounting policy [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | (47,035) | ||
Ending balance | (47,035) | ||
Effect of hyperinflation [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | 5,442 | ||
Ending balance | 5,442 | ||
Adjusted balance [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | 8,192,502 | ||
Ending balance | 8,192,502 | ||
Remeasurements of defined benefit plans [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | |||
Adjustment during the year | (23,383) | 12,125 | 64,478 |
Reclassification to retained earnings | 23,383 | (12,125) | (64,478) |
Ending balance | |||
Remeasurements of defined benefit plans [member] | Previously stated [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | |||
Ending balance | |||
Remeasurements of defined benefit plans [member] | Effect of changes in accounting policy [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | |||
Ending balance | |||
Remeasurements of defined benefit plans [member] | Effect of hyperinflation [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | |||
Ending balance | |||
Remeasurements of defined benefit plans [member] | Adjusted balance [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | |||
Ending balance | |||
Net changes in revaluation of financial assets measured at fair value through other comprehensive income [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | 85,947 | 61,639 | |
Adjustment during the year | (26,696) | 20,655 | 24,049 |
Reclassification to retained earnings | (29,273) | (1,197) | 259 |
Ending balance | 49,228 | 85,947 | |
Net changes in revaluation of financial assets measured at fair value through other comprehensive income [member] | Previously stated [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | 105,405 | ||
Ending balance | 105,405 | ||
Net changes in revaluation of financial assets measured at fair value through other comprehensive income [member] | Effect of changes in accounting policy [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | (208) | ||
Ending balance | (208) | ||
Net changes in revaluation of financial assets measured at fair value through other comprehensive income [member] | Effect of hyperinflation [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | |||
Ending balance | |||
Net changes in revaluation of financial assets measured at fair value through other comprehensive income [member] | Adjusted balance [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | 105,197 | ||
Ending balance | 105,197 | ||
Exchange differences on translating foreign operations [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | 265,459 | 274,476 | |
Adjustment during the year | 77,372 | (192,572) | (9,017) |
Reclassification to retained earnings | |||
Ending balance | 165,155 | 265,459 | |
Exchange differences on translating foreign operations [member] | Previously stated [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | 72,887 | ||
Ending balance | 72,887 | ||
Exchange differences on translating foreign operations [member] | Effect of changes in accounting policy [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | |||
Ending balance | |||
Exchange differences on translating foreign operations [member] | Effect of hyperinflation [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | 14,896 | ||
Ending balance | 14,896 | ||
Exchange differences on translating foreign operations [member] | Adjusted balance [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | 87,783 | ||
Ending balance | 87,783 | ||
Other components of equity [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | 351,406 | 336,115 | |
Adjustment during the year | 27,293 | (159,792) | 79,510 |
Reclassification to retained earnings | (5,890) | (13,322) | (64,219) |
Ending balance | 214,383 | ¥ 351,406 | |
Other components of equity [member] | Previously stated [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | 178,292 | ||
Ending balance | 178,292 | ||
Other components of equity [member] | Effect of changes in accounting policy [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | (208) | ||
Ending balance | (208) | ||
Other components of equity [member] | Effect of hyperinflation [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | 14,896 | ||
Ending balance | 14,896 | ||
Other components of equity [member] | Adjusted balance [member] | |||
Disclosure of reserves within equity [line items] | |||
Beginning balance | ¥ 192,980 | ||
Ending balance | ¥ 192,980 |
Equity - Each Component of Othe
Equity - Each Component of Other Comprehensive Income and Related Tax Effect Including Non-controlling Interests (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Items that will not be reclassified to profit or loss, Before-tax: | |||
Remeasurements of defined benefit plans, Net changes, Before-tax | ¥ (25,538) | ¥ 47,383 | ¥ 90,502 |
Net changes in revaluation of financial assets measured at fair value through other comprehensive income, Net changes, Before-tax | (34,898) | 20,020 | 34,189 |
Share of other comprehensive income of investments accounted for using the equity method, Net changes, Before-tax | (3,029) | 1,729 | 3,317 |
Items that may be reclassified subsequently to profit or loss, Before-tax: | |||
Net changes in revaluation of financial assets measured at fair value through other comprehensive income, Amount incurred during the year, Before-tax | 378 | ||
Net changes in revaluation of financial assets measured at fair value through other comprehensive income, Reclassification to profit or loss, Before-tax | (88) | ||
Net changes in revaluation of financial assets measured at fair value through other comprehensive income, Net changes, Before-tax | 290 | ||
Exchange differences on translating foreign operations, Amount incurred during the year, Before-tax | 97,122 | (204,372) | 7,923 |
Exchange differences on translating foreign operations, Reclassification to profit or loss, Before-tax | (1,554) | 188 | 141 |
Exchange differences on translating foreign operations, Net changes, Before-tax | 95,568 | (204,184) | 8,064 |
Share of other comprehensive income of investments accounted for using the equity method, Amount incurred during the year, Before-tax | (19,793) | 12,266 | (24,158) |
Share of other comprehensive income of investments accounted for using the equity method, Reclassification to profit or loss, Before-tax | (1,155) | 100 | |
Share of other comprehensive income of investments accounted for using the equity method, Net changes, Before-tax | (19,793) | 11,111 | (24,058) |
Total other comprehensive income, Before-tax | 12,600 | (123,941) | 112,014 |
Items that will not be reclassified to profit or loss, Tax benefit (expense): | |||
Remeasurements of defined benefit plans, Net changes, Tax benefit (expense) | 1,793 | (34,039) | (32,348) |
Net changes in revaluation of financial assets measured at fair value through other comprehensive income, Net changes, Tax benefit (expense) | 10,852 | (732) | (11,482) |
Share of other comprehensive income of investments accounted for using the equity method, Net changes, Tax benefit (expense) | 192 | (41) | (55) |
Items that may be reclassified subsequently to profit or loss, Tax benefit (expense): | |||
Net changes in revaluation of financial assets measured at fair value through other comprehensive income, Amount incurred during the year, Tax benefit (expense) | (55) | ||
Net changes in revaluation of financial assets measured at fair value through other comprehensive income, Reclassification to profit or loss, Tax benefit (expense) | (7) | ||
Net changes in revaluation of financial assets measured at fair value through other comprehensive income, Net changes, Tax benefit (expense) | (62) | ||
Exchange differences on translating foreign operations, Amount incurred during the year, Tax benefit (expense) | (443) | (4) | 3 |
Exchange differences on translating foreign operations, Reclassification to profit or loss, Tax benefit (expense) | 443 | 4 | (3) |
Exchange differences on translating foreign operations, Net changes, Tax benefit (expense) | |||
Share of other comprehensive income of investments accounted for using the equity method, Amount incurred during the year, Tax benefit (expense) | 946 | (521) | 1,428 |
Share of other comprehensive income of investments accounted for using the equity method, Reclassification to profit or loss, Tax benefit (expense) | 30 | (14) | |
Share of other comprehensive income of investments accounted for using the equity method, Net changes, Tax benefit (expense) | 946 | (491) | 1,414 |
Total other comprehensive income, Tax benefit (expense) | 13,721 | (35,303) | (42,471) |
Items that will not be reclassified to profit or loss, Net-of-tax: | |||
Remeasurements of defined benefit plans, Net changes, Net-of-tax | (23,745) | 13,344 | 58,154 |
Net changes in revaluation of financial assets measured at fair value through other comprehensive income, Net changes, Net-of-tax | (24,046) | 19,288 | 22,707 |
Share of other comprehensive income of investments accounted for using the equity method, Net changes, Net-of-tax | (2,837) | 1,688 | 3,262 |
Items that may be reclassified subsequently to profit or loss, Net-of-tax: | |||
Net changes in revaluation of financial assets measured at fair value through other comprehensive income, Amount incurred during the year, Net-of-tax | 323 | ||
Net changes in revaluation of financial assets measured at fair value through other comprehensive income, Reclassification to profit or loss, Net-of-tax | (95) | ||
Net changes in revaluation of financial assets measured at fair value through other comprehensive income, Net changes, Net-of-tax | 228 | ||
Exchange differences on translating foreign operations, Amount incurred during the year, Net-of-tax | 96,679 | (204,376) | 7,926 |
Exchange differences on translating foreign operations, Reclassification to profit or loss, Net-of-tax | (1,111) | 192 | 138 |
Exchange differences on translating foreign operations, Net changes, Net-of-tax | 95,568 | (204,184) | 8,064 |
Share of other comprehensive income of investments accounted for using the equity method, Amount incurred during the year, Net-of-tax | (18,847) | 11,745 | (22,730) |
Share of other comprehensive income of investments accounted for using the equity method, Reclassification to profit or loss, Net-of-tax | (1,125) | 86 | |
Share of other comprehensive income of investments accounted for using the equity method, Net changes, Net-of-tax | (18,847) | 10,620 | (22,644) |
Total other comprehensive income, Net of tax | ¥ 26,321 | ¥ (159,244) | ¥ 69,543 |
Equity - Components of Other Co
Equity - Components of Other Comprehensive Income Included in Non-controlling Interests (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of analysis of other comprehensive income by item [line items] | |||
Remeasurements of defined benefit plans | ¥ (23,745) | ¥ 13,344 | ¥ 58,154 |
Net changes in revaluation of financial assets measured at fair value through other comprehensive income | (24,046) | 19,288 | 22,707 |
Exchange differences on translating foreign operations | 95,568 | (204,184) | 8,064 |
Total | 26,321 | (159,244) | 69,543 |
Non-controlling interests [Member] | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Remeasurements of defined benefit plans | (338) | 1,534 | (4,413) |
Net changes in revaluation of financial assets measured at fair value through other comprehensive income | 17 | 6 | 9 |
Exchange differences on translating foreign operations | (651) | (992) | (5,563) |
Total | ¥ (972) | ¥ 548 | ¥ (9,967) |
Equity - Dividends from Retaine
Equity - Dividends from Retained Earnings (Detail) - JPY (¥) ¥ / shares in Units, ¥ in Millions | May 08, 2019 | Feb. 01, 2019 | Oct. 30, 2018 | Jul. 31, 2018 | Apr. 27, 2018 | Feb. 02, 2018 | Nov. 01, 2017 | Aug. 01, 2017 | Jun. 15, 2017 | Feb. 03, 2017 | Oct. 31, 2016 | Aug. 02, 2016 | Jun. 16, 2016 |
Dividends 1 [abstract] | |||||||||||||
Dividend payout, Total amount of dividends (millions of yen) | ¥ 49,287 | ¥ 49,287 | ¥ 47,682 | ¥ 48,013 | ¥ 44,456 | ¥ 43,254 | ¥ 43,254 | ¥ 43,254 | ¥ 43,254 | ¥ 39,650 | ¥ 39,650 | ¥ 39,650 | |
Dividend payout, Dividend per share (yen) | ¥ 28 | ¥ 28 | ¥ 27 | ¥ 27 | ¥ 25 | ¥ 24 | ¥ 24 | ¥ 24 | ¥ 24 | ¥ 22 | ¥ 22 | ¥ 22 | |
Dividend payout, Record date | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | |
Dividend payout, Effective date | Feb. 28, 2019 | Nov. 28, 2018 | Aug. 28, 2018 | May 30, 2018 | Feb. 28, 2018 | Nov. 29, 2017 | Aug. 25, 2017 | Jun. 16, 2017 | Feb. 28, 2017 | Nov. 29, 2016 | Aug. 25, 2016 | Jun. 17, 2016 | |
Dividends payable, Total amount of dividends (millions of yen) | ¥ 49,287 | ||||||||||||
Dividends payable, Dividend per share (yen) | ¥ 28 | ||||||||||||
Dividends payable, Record date | Mar. 31, 2019 | ||||||||||||
Dividends payable, Effective date | Jun. 3, 2019 |
Sales Revenue - Additional Info
Sales Revenue - Additional Information (Detail) ¥ in Millions | 12 Months Ended |
Mar. 31, 2019JPY (¥)Segments | |
Receivables from contracts with customers: [abstract] | |
Number of reportable segments | Segments | 4 |
Revenue recognized included in the contract liability at the beginning of the year | ¥ 212,303 |
Amortization of assets recognised cost | ¥ 35,057 |
Sales Revenue - Summary of Reco
Sales Revenue - Summary of Reconciliation of the Disaggregated Sales Revenue with the Four Reportable Segments (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Total | ¥ 15,888,617 | ¥ 15,361,146 | ¥ 13,999,200 |
External customers [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Total | 15,888,617 | 15,361,146 | 13,999,200 |
External customers [member] | Japan [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Total | 2,394,584 | 2,240,033 | 2,114,833 |
Operating segments [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Total | 16,145,217 | 15,592,352 | 14,213,805 |
Operating segments [member] | Motorcycle business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Total | 2,100,155 | 2,038,712 | 1,716,165 |
Operating segments [member] | Automobile business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Total | 11,287,764 | 11,045,209 | 10,256,666 |
Operating segments [member] | Financial services business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Total | 2,380,042 | 2,137,265 | 1,891,282 |
Operating segments [member] | Power product and other businesses [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Total | 377,256 | 371,166 | 349,692 |
Operating segments [member] | External customers [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 14,609,724 | ||
Revenue arising from the other sources | 1,278,893 | ||
Total | 15,888,617 | 15,361,146 | 13,999,200 |
Operating segments [member] | External customers [member] | Motorcycle business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 2,097,304 | ||
Revenue arising from the other sources | 2,851 | ||
Total | 2,100,155 | 2,038,712 | 1,716,165 |
Operating segments [member] | External customers [member] | Automobile business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 11,061,180 | ||
Revenue arising from the other sources | 10,937 | ||
Total | 11,072,117 | 10,852,171 | 10,086,816 |
Operating segments [member] | External customers [member] | Financial services business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 1,100,457 | ||
Revenue arising from the other sources | 1,264,898 | ||
Total | 2,365,355 | 2,123,194 | 1,878,094 |
Operating segments [member] | External customers [member] | Power product and other businesses [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 350,783 | ||
Revenue arising from the other sources | 207 | ||
Total | 350,990 | ¥ 347,069 | ¥ 318,125 |
Operating segments [member] | External customers [member] | Japan [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 1,843,269 | ||
Operating segments [member] | External customers [member] | Japan [member] | Motorcycle business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 79,297 | ||
Operating segments [member] | External customers [member] | Japan [member] | Automobile business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 1,590,032 | ||
Operating segments [member] | External customers [member] | Japan [member] | Financial services business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 86,437 | ||
Operating segments [member] | External customers [member] | Japan [member] | Power product and other businesses [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 87,503 | ||
Operating segments [member] | External customers [member] | North America [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 7,500,406 | ||
Operating segments [member] | External customers [member] | North America [member] | Motorcycle business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 188,022 | ||
Operating segments [member] | External customers [member] | North America [member] | Automobile business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 6,163,120 | ||
Operating segments [member] | External customers [member] | North America [member] | Financial services business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 1,013,987 | ||
Operating segments [member] | External customers [member] | North America [member] | Power product and other businesses [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 135,277 | ||
Operating segments [member] | External customers [member] | Europe [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 647,985 | ||
Operating segments [member] | External customers [member] | Europe [member] | Motorcycle business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 159,645 | ||
Operating segments [member] | External customers [member] | Europe [member] | Automobile business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 427,347 | ||
Operating segments [member] | External customers [member] | Europe [member] | Financial services business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | |||
Operating segments [member] | External customers [member] | Europe [member] | Power product and other businesses [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 60,993 | ||
Operating segments [member] | External customers [member] | Asia [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 3,778,575 | ||
Operating segments [member] | External customers [member] | Asia [member] | Motorcycle business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 1,372,583 | ||
Operating segments [member] | External customers [member] | Asia [member] | Automobile business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 2,359,557 | ||
Operating segments [member] | External customers [member] | Asia [member] | Financial services business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 33 | ||
Operating segments [member] | External customers [member] | Asia [member] | Power product and other businesses [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 46,402 | ||
Operating segments [member] | External customers [member] | Other regions [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 839,489 | ||
Operating segments [member] | External customers [member] | Other regions [member] | Motorcycle business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 297,757 | ||
Operating segments [member] | External customers [member] | Other regions [member] | Automobile business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | 521,124 | ||
Operating segments [member] | External customers [member] | Other regions [member] | Financial services business [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | |||
Operating segments [member] | External customers [member] | Other regions [member] | Power product and other businesses [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue arising from contracts with customers | ¥ 20,608 |
Sales Revenue - Summary of Info
Sales Revenue - Summary of Information Regarding Receivables from Contracts with Customers and Contract Liabilities (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 |
Receivables from contracts with customers: [abstract] | ||
Trade receivables | ¥ 707,337 | ¥ 690,061 |
Contract liabilities: | ||
Other current liabilities | 214,888 | 241,595 |
Other noncurrent liabilities | ¥ 165,722 | ¥ 156,355 |
Sales Revenue - Summary of Reve
Sales Revenue - Summary of Revenue Expected to be Recognized in the Future Related to Performance Obligations that are Unsatisfied (or Partially Unsatisfied) (Detail) ¥ in Millions | Mar. 31, 2019JPY (¥) |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Total | ¥ 301,981 |
Within 1 year [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Total | 103,734 |
Between 1 and 5 years [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Total | 185,456 |
Later than 5 years [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Total | ¥ 12,791 |
Sales Revenue - Summary of Asse
Sales Revenue - Summary of Assets Recognized Costs Obtain a Contract With Customer (Detail) ¥ in Millions | Mar. 31, 2019JPY (¥) |
Disclosure - Sales Revenue - Summary of Assets Recognized Costs Obtain a Contract With Customer [Abstract] | |
Assets recognized from the costs to obtain a contract with a customer | ¥ 105,471 |
Research and Development - Summ
Research and Development - Summary of Research and Development Costs (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Material income and expense [abstract] | |||
Research and development expenditures incurred during the reporting period | ¥ 820,037 | ¥ 730,734 | ¥ 659,918 |
Amount capitalized | (161,232) | (132,800) | (121,037) |
Amortization of capitalized development costs | 148,100 | 153,922 | 152,548 |
Total | ¥ 806,905 | ¥ 751,856 | ¥ 691,429 |
Finance Income and Finance Co_3
Finance Income and Finance Costs - Summary of Finance Income and Finance Costs (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Interest income: | |||
Financial assets measured at amortized cost | ¥ 46,862 | ¥ 39,645 | ¥ 31,331 |
Financial assets measured at fair value through other comprehensive income | 323 | ||
Financial assets measured at fair value through profit or loss | 1,433 | 1,546 | 1,058 |
Total | 48,618 | 41,191 | 32,389 |
Interest expense: | |||
Financial liabilities measured at amortized cost | (13,217) | (12,970) | (12,471) |
Dividends received: | |||
Financial assets measured at fair value through other comprehensive income | 5,056 | 4,708 | 4,922 |
Financial assets measured at fair value through profit or loss | 21 | 15 | 11 |
Gains (losses) on derivatives: | |||
Financial assets and financial liabilities measured at fair value through profit or loss | (54,897) | 67,132 | (51,416) |
Gains (losses) on foreign exchange | 31,266 | (69,197) | 21,902 |
Other | 7,331 | 2,893 | 6,145 |
Total | (11,223) | 5,551 | (18,436) |
Total finance income and finance costs | ¥ 24,178 | ¥ 33,772 | ¥ 1,482 |
Income Taxes - Profit Before In
Income Taxes - Profit Before Income Taxes and Income Tax Expense (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of income taxes [Line Items] | |||
Profit (loss) before income taxes | ¥ 979,375 | ¥ 1,114,973 | ¥ 1,006,986 |
Income tax expense (benefit): | |||
Current taxes | 216,765 | 277,360 | 196,149 |
Deferred taxes | 86,324 | (291,026) | 131,443 |
Total | 303,089 | (13,666) | 327,592 |
Japan [member] | |||
Disclosure of income taxes [Line Items] | |||
Profit (loss) before income taxes | 70,805 | 126,915 | 88,336 |
Income tax expense (benefit): | |||
Current taxes | 32,937 | (2,956) | 9,072 |
Deferred taxes | 58,121 | 25,149 | 21,425 |
Total | 91,058 | 22,193 | 30,497 |
Foreign [member] | |||
Disclosure of income taxes [Line Items] | |||
Profit (loss) before income taxes | 908,570 | 988,058 | 918,650 |
Income tax expense (benefit): | |||
Current taxes | 183,828 | 280,316 | 187,077 |
Deferred taxes | 28,203 | (316,175) | 110,018 |
Total | ¥ 212,031 | ¥ (35,859) | ¥ 297,095 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of income taxes [Line Items] | |||
Deferred tax assets written down | ¥ 50,322 | ||
Statutory income tax rate | 30.20% | 30.40% | 30.40% |
Deferred tax assets recognized by entities that have suffered a loss in either the preceding or current period | ¥ 57,410 | ¥ 21,911 | |
Aggregate amounts of temporary differences relating to investments in subsidiaries and interests in joint ventures for which deferred tax liabilities are not recognized | ¥ 4,908,449 | ¥ 4,709,772 | |
Japan [member] | |||
Disclosure of income taxes [Line Items] | |||
Statutory income tax rate | 30.20% | 30.40% | 30.40% |
Foreign [member] | Bottom of range [member] | |||
Disclosure of income taxes [Line Items] | |||
Statutory income tax rate | 16.00% | ||
Foreign [member] | Top of range [member] | |||
Disclosure of income taxes [Line Items] | |||
Statutory income tax rate | 35.00% |
Income Taxes - Reconciliation o
Income Taxes - Reconciliation of Statutory Income Tax Rate to Average Effective Tax Rate (Detail) | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Reconciliation of average effective tax rate and applicable tax rate [abstract] | |||
Statutory income tax rate | 30.20% | 30.40% | 30.40% |
Difference in statutory income tax rates of foreign subsidiaries | (4.30%) | (1.10%) | 0.00% |
Effects of investments accounted for using the equity method | (7.10%) | (6.70%) | (4.90%) |
Effects of undistributed earnings and withholding taxes on royalty | 7.70% | 7.00% | 6.10% |
Changes in unrecognized deferred tax assets | 8.30% | (0.20%) | 2.70% |
Effects of income and expense not taxable and deductible for tax purpose | 0.20% | 0.10% | 0.20% |
Effects of tax credit | (3.20%) | (2.10%) | (1.30%) |
Other adjustments relating to prior years | (0.10%) | 0.30% | (0.20%) |
Adjustments for the uncertain tax positions on income taxes | 0.80% | 0.70% | 0.30% |
Adjustments for the changes in income tax laws | (2.50%) | (30.10%) | (0.10%) |
Other | 0.90% | 0.50% | (0.70%) |
Average effective tax rate | 30.90% | (1.20%) | 32.50% |
Income Taxes - Reconciliation_2
Income Taxes - Reconciliation of Statutory Income Tax Rate to Average Effective Tax Rate (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of income taxes [Line Items] | |||
Applicable tax rate | 30.20% | 30.40% | 30.40% |
Average effective tax rate | 30.90% | (1.20%) | 32.50% |
United States [member] | |||
Disclosure of income taxes [Line Items] | |||
Applicable tax rate | 21.00% | 35.00% | |
Average effective tax rate | 31.55% | ||
Decrease in income tax expenses | ¥ 346,129 |
Income Taxes - Components by Ma
Income Taxes - Components by Major Factor in Deferred Tax Assets and Deferred Tax Liabilities (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax assets | ¥ 150,318 | ¥ 129,338 |
Deferred tax liabilities | 727,411 | 629,722 |
Gross carrying amount [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax assets | 575,299 | 590,905 |
Deferred tax liabilities | 1,152,392 | 1,091,289 |
Net deferred tax assets (liabilities) | (577,093) | (500,384) |
Gross carrying amount [member] | Inventories [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax assets | 39,044 | 66,801 |
Gross carrying amount [member] | Accrued expenses [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax assets | 75,378 | 67,410 |
Gross carrying amount [member] | Provisions [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax assets | 101,780 | 121,898 |
Gross carrying amount [member] | Property, plant and equipment [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax assets | 18,462 | 26,803 |
Deferred tax liabilities | 81,472 | 85,606 |
Gross carrying amount [member] | Intangible assets [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax assets | 22,776 | 19,167 |
Deferred tax liabilities | 180,607 | 177,899 |
Gross carrying amount [member] | Retirement benefit liabilities [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax assets | 95,324 | 92,272 |
Gross carrying amount [member] | Carryforward of unused tax losses [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax assets | 54,817 | 36,732 |
Gross carrying amount [member] | Carryforward of unused tax credit [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax assets | 43,130 | 33,743 |
Gross carrying amount [member] | Other [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax assets | 124,588 | 126,079 |
Gross carrying amount [member] | Other financial assets [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax liabilities | 21,720 | 42,886 |
Gross carrying amount [member] | Finance leases [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax liabilities | 41,050 | 33,878 |
Gross carrying amount [member] | Operating leases [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax liabilities | 718,981 | 641,134 |
Gross carrying amount [member] | Undistributed earnings [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax liabilities | 58,112 | 58,630 |
Gross carrying amount [member] | Other [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax liabilities | ¥ 50,450 | ¥ 51,256 |
Income Taxes - Changes in Defer
Income Taxes - Changes in Deferred Tax Assets and Deferred Tax Liabilities Recognized as Income Tax Expense in the Consolidated Statements of Income (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets and deferred tax liabilities recognized as income tax expense | ¥ 86,324 | ¥ (291,026) | ¥ 131,443 |
Inventories [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets and deferred tax liabilities recognized as income tax expense | 28,022 | 5,541 | 7,886 |
Provisions [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets and deferred tax liabilities recognized as income tax expense | 20,711 | 45,492 | 49,864 |
Property, plant and equipment [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets and deferred tax liabilities recognized as income tax expense | (499) | (27,520) | 19,551 |
Retirement benefit liabilities [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets and deferred tax liabilities recognized as income tax expense | 3,237 | (623) | 16,212 |
Operating leases [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets and deferred tax liabilities recognized as income tax expense | 49,142 | (328,950) | 83,414 |
Undistributed earnings [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets and deferred tax liabilities recognized as income tax expense | 215 | 12,655 | (3,704) |
Carryforward of unused tax losses [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets and deferred tax liabilities recognized as income tax expense | (19,335) | 9,226 | (13,346) |
Carryforward of unused tax credit [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets and deferred tax liabilities recognized as income tax expense | (8,038) | (10,300) | (6,394) |
Other [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets and deferred tax liabilities recognized as income tax expense | ¥ 12,869 | ¥ 3,453 | ¥ (22,040) |
Income Taxes - Deductible Tempo
Income Taxes - Deductible Temporary Differences, Carryforward of Unused Tax Losses and Unused Tax Credit for which Deferred Tax Assets are not Recognized (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of temporary difference, unused tax losses and unused tax credits [abstract] | ||
Deductible temporary differences | ¥ 560,738 | ¥ 301,349 |
Carryforward of unused tax losses | 261,294 | 218,783 |
Carryforward of unused tax credit | ¥ 3,850 | ¥ 6,202 |
Income Taxes - Components by Ex
Income Taxes - Components by Expiry of the Carryforward of Unused Tax Losses for which Deferred Tax Assets are not Recognized (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | ¥ 261,294 | ¥ 218,783 |
Within 1 year [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | 8,759 | 3,755 |
Between 1 and 5 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | 67,352 | 86,277 |
Between 5 and 20 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | 101,953 | 56,605 |
Indefinite periods [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | ¥ 83,230 | ¥ 72,146 |
Income Taxes - Components by _2
Income Taxes - Components by Expiry of Carryforward of Unused Tax Credits for which Deferred Tax Assets are not Recognized (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax credit | ¥ 3,850 | ¥ 6,202 |
Within 1 year [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax credit | 570 | 541 |
Between 1 and 5 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax credit | 1,422 | 1,727 |
Between 5 and 20 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax credit | 1,858 | 3,934 |
Indefinite periods [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax credit |
Earning Per Share - Summary of
Earning Per Share - Summary of Earnings Per Share (Detail) - JPY (¥) ¥ / shares in Units, ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Earnings per share [abstract] | |||
Profit for the year attributable to owners of the parent | ¥ 610,316 | ¥ 1,059,337 | ¥ 616,569 |
Weighted average number of common shares outstanding, basic | 1,763,983,221 | 1,793,088,970 | 1,802,282,093 |
Basic earnings per share attributable to owners of the parent | ¥ 345.99 | ¥ 590.79 | ¥ 342.10 |
Financial Risk Management - Add
Financial Risk Management - Additional Information (Detail) - JPY (¥) | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Amount accrued for estimated losses | ¥ 0 | |
Undiscounted maximum amount of payment for guarantee obligations | 57,441,000,000 | |
Guarantee of employee loans [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Undiscounted maximum amount of payment for guarantee obligations | ¥ 11,953,000,000 | |
Percentage of appreciation of the Japanese yen against the U.S. dollar [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Sensitivity analysis, percentage | 1.00% | 1.00% |
Interest rate risk [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Sensitivity analysis, percentage | 1.00% | 1.00% |
Financial Risk Management - For
Financial Risk Management - Foreign Currency Exchange Rate Risk Sensitivity Analysis (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Percentage of appreciation of the Japanese yen against the U.S. dollar [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Impact on profit before income taxes | ¥ (777) | ¥ (829) |
Financial Risk Management - Int
Financial Risk Management - Interest Rate Risk Sensitivity Analysis (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Interest rate risk [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Impact on profit before income taxes | ¥ (1,915) | ¥ (1,569) |
Financial Risk Management - Ana
Financial Risk Management - Analysis of the Age of Receivables from Financial Services that are Past Due (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | ¥ 5,405,250 | ¥ 4,958,063 |
Wholesale [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 712,214 | |
Financial assets past due [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 287,370 | 233,047 |
Financial assets past due [member] | Less than 30 days [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 226,333 | 192,350 |
Financial assets past due [member] | 30-59 days past due [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 43,221 | 30,768 |
Financial assets past due [member] | 60-89 days past due [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 7,690 | 5,827 |
Financial assets past due [member] | 90 days and greater past due [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 10,126 | 4,102 |
Financial assets past due [member] | Retail [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 253,823 | 213,954 |
Financial assets past due [member] | Retail [member] | Less than 30 days [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 204,475 | 174,649 |
Financial assets past due [member] | Retail [member] | 30-59 days past due [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 35,706 | 29,692 |
Financial assets past due [member] | Retail [member] | 60-89 days past due [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 7,572 | 5,683 |
Financial assets past due [member] | Retail [member] | 90 days and greater past due [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 6,070 | 3,930 |
Financial assets past due [member] | Finance lease [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 681 | 1,210 |
Financial assets past due [member] | Finance lease [member] | Less than 30 days [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 349 | 858 |
Financial assets past due [member] | Finance lease [member] | 30-59 days past due [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 108 | 218 |
Financial assets past due [member] | Finance lease [member] | 60-89 days past due [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 26 | 41 |
Financial assets past due [member] | Finance lease [member] | 90 days and greater past due [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 198 | 93 |
Financial assets past due [member] | Wholesale [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 32,866 | 17,883 |
Financial assets past due [member] | Wholesale [member] | Less than 30 days [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 21,509 | 16,843 |
Financial assets past due [member] | Wholesale [member] | 30-59 days past due [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 7,407 | 858 |
Financial assets past due [member] | Wholesale [member] | 60-89 days past due [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | 92 | 103 |
Financial assets past due [member] | Wholesale [member] | 90 days and greater past due [member] | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Receivables from financial services | ¥ 3,858 | ¥ 79 |
Financial Risk Management - Dea
Financial Risk Management - Dealer Finance Receivables and Undiscounted Maximum Amounts of Potential Payment for Loan Commitments (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Dealer finance receivables: | ||
Dealer finance receivables | ¥ 5,405,250 | ¥ 4,958,063 |
Loan commitments: | ||
Loan commitments | 57,441 | |
Group A [member] | ||
Dealer finance receivables: | ||
Dealer finance receivables | 479,101 | |
Loan commitments: | ||
Loan commitments | 46,962 | |
Group B [member] | ||
Dealer finance receivables: | ||
Dealer finance receivables | 233,113 | |
Loan commitments: | ||
Loan commitments | 10,479 | |
Wholesale [member] | ||
Dealer finance receivables: | ||
Dealer finance receivables | 712,214 | |
12-month expected credit losses [member] | ||
Loan commitments: | ||
Loan commitments | 57,441 | |
12-month expected credit losses [member] | Group A [member] | ||
Dealer finance receivables: | ||
Dealer finance receivables | 469,877 | |
Loan commitments: | ||
Loan commitments | 46,962 | |
12-month expected credit losses [member] | Group B [member] | ||
Dealer finance receivables: | ||
Dealer finance receivables | 202,993 | |
Loan commitments: | ||
Loan commitments | 10,479 | |
12-month expected credit losses [member] | Wholesale [member] | ||
Dealer finance receivables: | ||
Dealer finance receivables | 672,870 | |
Lifetime expected credit losses [member] | Not credit impaired [member] | ||
Loan commitments: | ||
Loan commitments | ||
Lifetime expected credit losses [member] | Not credit impaired [member] | Group A [member] | ||
Dealer finance receivables: | ||
Dealer finance receivables | 9,224 | |
Loan commitments: | ||
Loan commitments | ||
Lifetime expected credit losses [member] | Not credit impaired [member] | Group B [member] | ||
Dealer finance receivables: | ||
Dealer finance receivables | 13,223 | |
Loan commitments: | ||
Loan commitments | ||
Lifetime expected credit losses [member] | Not credit impaired [member] | Wholesale [member] | ||
Dealer finance receivables: | ||
Dealer finance receivables | 22,447 | |
Lifetime expected credit losses [member] | Credit impaired [member] | ||
Loan commitments: | ||
Loan commitments | ||
Lifetime expected credit losses [member] | Credit impaired [member] | Group A [member] | ||
Loan commitments: | ||
Loan commitments | ||
Lifetime expected credit losses [member] | Credit impaired [member] | Group B [member] | ||
Dealer finance receivables: | ||
Dealer finance receivables | 16,897 | |
Loan commitments: | ||
Loan commitments | ||
Lifetime expected credit losses [member] | Credit impaired [member] | Wholesale [member] | ||
Dealer finance receivables: | ||
Dealer finance receivables | ¥ 16,897 |
Financial Risk Management - Unu
Financial Risk Management - Unused Portions of the Credit Facility (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Commercial paper [member] | ||
Disclosure of unused portion of borrowing facility [line items] | ||
Unused portions of the credit facility | ¥ 602,243 | ¥ 660,740 |
Medium-term notes [member] | ||
Disclosure of unused portion of borrowing facility [line items] | ||
Unused portions of the credit facility | 1,229,911 | 1,923,587 |
Credit facility [member] | ||
Disclosure of unused portion of borrowing facility [line items] | ||
Unused portions of the credit facility | ¥ 1,832,154 | ¥ 2,584,327 |
Financial Risk Management - U_2
Financial Risk Management - Unused Portions of the Committed Lines of Credit (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Commercial paper programs [member] | ||
Disclosure of unused portion of borrowing facility [line items] | ||
Unused portions of the committed lines of credit | ¥ 1,080,503 | ¥ 1,047,551 |
Other committed lines of credit [member] | ||
Disclosure of unused portion of borrowing facility [line items] | ||
Unused portions of the committed lines of credit | 58,199 | 59,502 |
Committed lines of credit [member] | ||
Disclosure of unused portion of borrowing facility [line items] | ||
Unused portions of the committed lines of credit | ¥ 1,138,702 | ¥ 1,107,053 |
Financial Risk Management - Non
Financial Risk Management - Non-derivative Financial Liabilities by Maturity (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Trade payables, carrying amount | ¥ 1,184,882 | ¥ 1,224,627 |
Financing liabilities, carrying amount | 7,331,120 | 6,799,010 |
Accrued expenses, carrying amount | 476,300 | 404,719 |
Other financial liabilities, carrying amount | 127,108 | 122,624 |
Non-derivative financial liabilities, carrying amount | 9,119,410 | 8,550,980 |
Trade payables, contractual cash flows | 1,184,882 | 1,224,627 |
Financing liabilities, contractual cash flows | 7,650,429 | 7,098,833 |
Accrued expenses, contractual cash flows | 476,300 | 404,719 |
Other financial liabilities, contractual cash flows | 127,271 | 123,335 |
Non-derivative financial liabilities, contractual cash flows | 9,438,882 | 8,851,514 |
Within 1 year [member] | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Trade payables, contractual cash flows | 1,184,882 | 1,224,627 |
Financing liabilities, contractual cash flows | 3,321,576 | 3,030,934 |
Accrued expenses, contractual cash flows | 476,300 | 404,719 |
Other financial liabilities, contractual cash flows | 66,240 | 66,457 |
Non-derivative financial liabilities, contractual cash flows | 5,048,998 | 4,726,737 |
Between 1 and 5 years [member] | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Trade payables, contractual cash flows | ||
Financing liabilities, contractual cash flows | 4,089,215 | 3,784,440 |
Accrued expenses, contractual cash flows | ||
Other financial liabilities, contractual cash flows | 29,615 | 32,380 |
Non-derivative financial liabilities, contractual cash flows | 4,118,830 | 3,816,820 |
Later than 5 years [member] | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Trade payables, contractual cash flows | ||
Financing liabilities, contractual cash flows | 239,638 | 283,459 |
Accrued expenses, contractual cash flows | ||
Other financial liabilities, contractual cash flows | 31,416 | 24,498 |
Non-derivative financial liabilities, contractual cash flows | ¥ 271,054 | ¥ 307,957 |
Financial Risk Management - Der
Financial Risk Management - Derivative Financial Liabilities by Maturity (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Derivative financial liabilities, contractual cash flows | ¥ 92,640 | ¥ 62,748 |
Within 1 year [member] | ||
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Derivative financial liabilities, contractual cash flows | 41,518 | 17,162 |
Between 1 and 5 years [member] | ||
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Derivative financial liabilities, contractual cash flows | 49,513 | 42,529 |
Later than 5 years [member] | ||
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Derivative financial liabilities, contractual cash flows | ¥ 1,609 | ¥ 3,057 |
Fair Value - Additional Informa
Fair Value - Additional Information (Detail) - JPY (¥) | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Disclosure of fair value measurement of assets [abstract] | ||
Percentage of auction rate securities guaranteed by government | 95.00% | |
Transfers out of Level 1 into Level 2 of fair value hierarchy | ¥ 0 | ¥ 0 |
Transfers out of Level 2 into Level 1 of fair value hierarchy | ¥ 0 | ¥ 0 |
Fair Value - Assets and Liabili
Fair Value - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | ¥ 580,423 | ¥ 649,732 | |
Other financial liabilities | 196,599 | 175,410 | |
Debt securities [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 54,964 | 104,286 | |
Measured at fair value on a recurring basis [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 322,007 | 368,856 | |
Other financial liabilities | 69,491 | 52,786 | |
Measured at fair value on a recurring basis [member] | Financial liabilities measured at fair value through profit or loss [member] | Foreign exchange instruments [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial liabilities | 35,449 | 16,417 | |
Measured at fair value on a recurring basis [member] | Financial liabilities measured at fair value through profit or loss [member] | Interest rate instruments [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial liabilities | 34,042 | 36,369 | |
Measured at fair value on a recurring basis [member] | Financial liabilities measured at fair value through profit or loss [member] | Derivatives [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial liabilities | 69,491 | 52,786 | |
Measured at fair value on a recurring basis [member] | Financial assets measured at fair value through profit or loss [member] | Foreign exchange instruments [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 12,233 | 38,926 | |
Measured at fair value on a recurring basis [member] | Financial assets measured at fair value through profit or loss [member] | Interest rate instruments [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 34,164 | 49,419 | |
Measured at fair value on a recurring basis [member] | Financial assets measured at fair value through profit or loss [member] | Derivatives [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 46,397 | 88,345 | |
Measured at fair value on a recurring basis [member] | Financial assets measured at fair value through profit or loss [member] | Debt securities [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 58,080 | 69,829 | |
Measured at fair value on a recurring basis [member] | Financial assets measured at fair value through other comprehensive income [member] | Debt securities [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 10,495 | ||
Measured at fair value on a recurring basis [member] | Financial assets measured at fair value through other comprehensive income [member] | Equity securities [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 207,035 | 210,682 | |
Measured at fair value on a recurring basis [member] | Level 1 [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 129,969 | 224,774 | |
Other financial liabilities | |||
Measured at fair value on a recurring basis [member] | Level 1 [member] | Financial liabilities measured at fair value through profit or loss [member] | Foreign exchange instruments [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial liabilities | |||
Measured at fair value on a recurring basis [member] | Level 1 [member] | Financial liabilities measured at fair value through profit or loss [member] | Interest rate instruments [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial liabilities | |||
Measured at fair value on a recurring basis [member] | Level 1 [member] | Financial liabilities measured at fair value through profit or loss [member] | Derivatives [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial liabilities | |||
Measured at fair value on a recurring basis [member] | Level 1 [member] | Financial assets measured at fair value through profit or loss [member] | Foreign exchange instruments [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | |||
Measured at fair value on a recurring basis [member] | Level 1 [member] | Financial assets measured at fair value through profit or loss [member] | Interest rate instruments [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | |||
Measured at fair value on a recurring basis [member] | Level 1 [member] | Financial assets measured at fair value through profit or loss [member] | Derivatives [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | |||
Measured at fair value on a recurring basis [member] | Level 1 [member] | Financial assets measured at fair value through profit or loss [member] | Debt securities [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 21,090 | 26,763 | |
Measured at fair value on a recurring basis [member] | Level 1 [member] | Financial assets measured at fair value through other comprehensive income [member] | Debt securities [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | |||
Measured at fair value on a recurring basis [member] | Level 1 [member] | Financial assets measured at fair value through other comprehensive income [member] | Equity securities [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 108,879 | 198,011 | |
Measured at fair value on a recurring basis [member] | Level 2 [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 88,443 | 126,205 | |
Other financial liabilities | 69,491 | 52,786 | |
Measured at fair value on a recurring basis [member] | Level 2 [member] | Financial liabilities measured at fair value through profit or loss [member] | Foreign exchange instruments [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial liabilities | 35,449 | 16,417 | |
Measured at fair value on a recurring basis [member] | Level 2 [member] | Financial liabilities measured at fair value through profit or loss [member] | Interest rate instruments [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial liabilities | 34,042 | 36,369 | |
Measured at fair value on a recurring basis [member] | Level 2 [member] | Financial liabilities measured at fair value through profit or loss [member] | Derivatives [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial liabilities | 69,491 | 52,786 | |
Measured at fair value on a recurring basis [member] | Level 2 [member] | Financial assets measured at fair value through profit or loss [member] | Foreign exchange instruments [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 12,233 | 38,926 | |
Measured at fair value on a recurring basis [member] | Level 2 [member] | Financial assets measured at fair value through profit or loss [member] | Interest rate instruments [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 34,164 | 49,419 | |
Measured at fair value on a recurring basis [member] | Level 2 [member] | Financial assets measured at fair value through profit or loss [member] | Derivatives [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 46,397 | 88,345 | |
Measured at fair value on a recurring basis [member] | Level 2 [member] | Financial assets measured at fair value through profit or loss [member] | Debt securities [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 31,551 | 37,860 | |
Measured at fair value on a recurring basis [member] | Level 2 [member] | Financial assets measured at fair value through other comprehensive income [member] | Debt securities [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 10,495 | ||
Measured at fair value on a recurring basis [member] | Level 3 [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 103,595 | 17,877 | |
Other financial liabilities | |||
Measured at fair value on a recurring basis [member] | Level 3 [member] | Debt securities [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 5,439 | 5,206 | ¥ 5,610 |
Measured at fair value on a recurring basis [member] | Level 3 [member] | Equity securities [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 98,156 | 12,671 | ¥ 11,318 |
Measured at fair value on a recurring basis [member] | Level 3 [member] | Financial liabilities measured at fair value through profit or loss [member] | Foreign exchange instruments [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial liabilities | |||
Measured at fair value on a recurring basis [member] | Level 3 [member] | Financial liabilities measured at fair value through profit or loss [member] | Interest rate instruments [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial liabilities | |||
Measured at fair value on a recurring basis [member] | Level 3 [member] | Financial liabilities measured at fair value through profit or loss [member] | Derivatives [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial liabilities | |||
Measured at fair value on a recurring basis [member] | Level 3 [member] | Financial assets measured at fair value through profit or loss [member] | Foreign exchange instruments [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | |||
Measured at fair value on a recurring basis [member] | Level 3 [member] | Financial assets measured at fair value through profit or loss [member] | Interest rate instruments [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | |||
Measured at fair value on a recurring basis [member] | Level 3 [member] | Financial assets measured at fair value through profit or loss [member] | Derivatives [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | |||
Measured at fair value on a recurring basis [member] | Level 3 [member] | Financial assets measured at fair value through profit or loss [member] | Debt securities [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | 5,439 | 5,206 | |
Measured at fair value on a recurring basis [member] | Level 3 [member] | Financial assets measured at fair value through other comprehensive income [member] | Debt securities [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | |||
Measured at fair value on a recurring basis [member] | Level 3 [member] | Financial assets measured at fair value through other comprehensive income [member] | Equity securities [member] | |||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | |||
Other financial assets | ¥ 98,156 | ¥ 12,671 |
Fair Value - Changes in Level 3
Fair Value - Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Disclosure of fair value measurement of assets [line items] | ||
Beginning balance | ¥ 649,732 | |
Ending balance | 580,423 | ¥ 649,732 |
Debt securities [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Beginning balance | 104,286 | |
Ending balance | 54,964 | 104,286 |
Measured at fair value on a recurring basis [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Beginning balance | 368,856 | |
Ending balance | 322,007 | 368,856 |
Measured at fair value on a recurring basis [member] | Level 3 [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Beginning balance | 17,877 | |
Ending balance | 103,595 | 17,877 |
Measured at fair value on a recurring basis [member] | Level 3 [member] | Debt securities [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Beginning balance | 5,206 | 5,610 |
Profit or loss | (42) | 111 |
Other comprehensive income | ||
Purchases | ||
Sales | (222) | |
Exchange differences on translating foreign operations | 275 | (293) |
Ending balance | 5,439 | 5,206 |
Unrealized gains or losses included in profit or loss on assets | (42) | 111 |
Measured at fair value on a recurring basis [member] | Level 3 [member] | Equity securities [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Beginning balance | 12,671 | 11,318 |
Profit or loss | ||
Other comprehensive income | (3,824) | (323) |
Purchases | 89,651 | 1,833 |
Sales | (295) | (107) |
Exchange differences on translating foreign operations | (47) | (50) |
Ending balance | 98,156 | 12,671 |
Unrealized gains or losses included in profit or loss on assets |
Fair Value - Carrying Amounts a
Fair Value - Carrying Amounts and Fair Values of Financial Assets and Financial Liabilities Measured at Amortized Cost (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | ||
Receivables from financial services | ¥ 5,405,250 | ¥ 4,958,063 |
Debt securities | 580,423 | 649,732 |
Financing liabilities | 7,331,120 | 6,799,010 |
Debt securities [member] | ||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | ||
Debt securities | 54,964 | 104,286 |
Fair value [member] | ||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | ||
Receivables from financial services | 5,417,297 | 4,935,772 |
Financing liabilities | 7,355,632 | 6,795,675 |
Fair value [member] | Debt securities [member] | ||
Disclosures of fair value of financial assets and financial liabilities at amortized cost [Line items] | ||
Debt securities | ¥ 54,952 | ¥ 104,284 |
Offsetting of Financial Asset_3
Offsetting of Financial Assets and Financial Liabilities - Offsetting Information Regarding Financial Assets and Financial Liabilities (Detail) - Derivatives [member] - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | ||
Gross amounts of recognized financial assets | ¥ 46,397 | ¥ 88,345 |
Amounts offset in the consolidated statements of financial position, financial assets | ||
Net amounts presented in the consolidated statements of financial position, financial assets | 46,397 | 88,345 |
Amounts not offset due to not meeting offsetting criteria despite being subject to a master netting agreement or similar agreement, financial assets | (34,407) | (39,415) |
Net Amounts, financial assets | 11,990 | 48,930 |
Gross amounts of recognized financial liabilities | 69,491 | 52,786 |
Amounts offset in the consolidated statements of financial position, financial liabilities | ||
Net amounts presented in the consolidated statements of financial position, financial liabilities | 69,491 | 52,786 |
Amounts not offset due to not meeting offsetting criteria despite being subject to a master netting agreement or similar agreement, financial liabilities | (34,407) | (39,415) |
Net Amounts, financial liabilities | ¥ 35,084 | ¥ 13,371 |
Commitments and Contingent Li_3
Commitments and Contingent Liabilities - Commitments for Purchases of Property, Plant and Equipment and Other Commitments (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of contingent liabilities [abstract] | ||
Commitments for purchases of property, plant and equipment and other commitments | ¥ 99,379 | ¥ 71,188 |
Commitments and Contingent Li_4
Commitments and Contingent Liabilities - Future Minimum Lease Payments Under Non-cancelable Operating Leases (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of finance lease and operating lease by lessee [line items] | ||
Future minimum lease payments under non-cancelable operating leases | ¥ 115,634 | ¥ 75,487 |
Within 1 year [member] | ||
Disclosure of finance lease and operating lease by lessee [line items] | ||
Future minimum lease payments under non-cancelable operating leases | 23,733 | 17,126 |
Between 1 and 5 years [member] | ||
Disclosure of finance lease and operating lease by lessee [line items] | ||
Future minimum lease payments under non-cancelable operating leases | 47,556 | 35,577 |
Later than 5 years [member] | ||
Disclosure of finance lease and operating lease by lessee [line items] | ||
Future minimum lease payments under non-cancelable operating leases | ¥ 44,345 | ¥ 22,784 |
Commitments and Contingent Li_5
Commitments and Contingent Liabilities - Lease Payments under Operating Leases Recognized as Expenses (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Lease and sublease payments recognised as expense [abstract] | |||
Lease payments under operating leases recognized as expenses | ¥ 41,529 | ¥ 35,180 | ¥ 32,030 |
Commitments and Contingent Li_6
Commitments and Contingent Liabilities - Additional Information (Detail) ¥ in Millions | 12 Months Ended |
Mar. 31, 2018JPY (¥) | |
Disclosure of contingent liabilities [abstract] | |
Settlement amount | ¥ 53,739 |
Related Parties - Balances of R
Related Parties - Balances of Receivables and Payables with Affiliates and Joint Ventures (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of transactions between related parties [line items] | ||
Receivables | ¥ 260,398 | ¥ 263,931 |
Payables | 176,620 | 181,368 |
Affiliates [member] | ||
Disclosure of transactions between related parties [line items] | ||
Receivables | 22,518 | 21,259 |
Payables | 141,576 | 148,017 |
Joint ventures [member] | ||
Disclosure of transactions between related parties [line items] | ||
Receivables | 237,880 | 242,672 |
Payables | ¥ 35,044 | ¥ 33,351 |
Related Parties - Amount of Tra
Related Parties - Amount of Transactions with Affiliates and Joint Ventures (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of transactions between related parties [line items] | |||
Sales revenue | ¥ 838,526 | ¥ 864,160 | ¥ 713,365 |
Purchase | 1,552,516 | 1,551,555 | 1,521,742 |
Affiliates [member] | |||
Disclosure of transactions between related parties [line items] | |||
Sales revenue | 113,814 | 119,725 | 115,188 |
Purchase | 1,416,729 | 1,407,755 | 1,376,581 |
Joint ventures [member] | |||
Disclosure of transactions between related parties [line items] | |||
Sales revenue | 724,712 | 744,435 | 598,177 |
Purchase | ¥ 135,787 | ¥ 143,800 | ¥ 145,161 |
Related Parties - Compensation
Related Parties - Compensation Paid to Directors (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Related party transactions [abstract] | |||
Remuneration | ¥ 732 | ¥ 719 | ¥ 677 |
Bonus | 172 | 231 | 275 |
Stock compensation | 125 | ||
Total | ¥ 1,029 | ¥ 950 | ¥ 952 |
Related Parties - Major Consoli
Related Parties - Major Consolidated Subsidiaries (Detail) | 12 Months Ended |
Mar. 31, 2019 | |
Honda R&D Co., Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda R&D Co., Ltd. |
Country of Incorporation | Japan |
Function | Research & Development |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda Finance Co., Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Finance Co., Ltd. |
Country of Incorporation | Japan |
Function | Finance |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
American Honda Motor Co., Inc. [member] | |
Disclosure of subsidiaries [line items] | |
Company | American Honda Motor Co., Inc. |
Country of Incorporation | U.S.A. |
Function | Sales |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda Aero., Inc. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Aero., Inc. |
Country of Incorporation | U.S.A. |
Function | Manufacturing |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda North America, Inc. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda North America, Inc. |
Country of Incorporation | U.S.A. |
Function | Coordination of Subsidiaries Operation |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda of America Mfg., Inc. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda of America Mfg., Inc. |
Country of Incorporation | U.S.A. |
Function | Manufacturing |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
American Honda Finance Corporation [member] | |
Disclosure of subsidiaries [line items] | |
Company | American Honda Finance Corporation |
Country of Incorporation | U.S.A. |
Function | Finance |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda Aircraft Company, LLC [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Aircraft Company, LLC |
Country of Incorporation | U.S.A. |
Function | Research & Development, Manufacturing and Sales |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda Manufacturing of Alabama, LLC [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Manufacturing of Alabama, LLC |
Country of Incorporation | U.S.A. |
Function | Manufacturing |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda Manufacturing of Indiana, LLC [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Manufacturing of Indiana, LLC |
Country of Incorporation | U.S.A. |
Function | Manufacturing |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda Transmission Mfg. of America, Inc. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Transmission Mfg. of America, Inc. |
Country of Incorporation | U.S.A. |
Function | Manufacturing |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda R&D Americas, Inc. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda R&D Americas, Inc. |
Country of Incorporation | U.S.A. |
Function | Research & Development |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda Canada Inc. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Canada Inc. |
Country of Incorporation | Canada |
Function | Manufacturing and Sales |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda Canada Finance Inc. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Canada Finance Inc. |
Country of Incorporation | Canada |
Function | Finance |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda de Mexico, S.A. de C.V. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda de Mexico, S.A. de C.V. |
Country of Incorporation | Mexico |
Function | Manufacturing and Sales |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda Motor Europe Limited [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Motor Europe Limited |
Country of Incorporation | U.K. |
Function | Coordination of Subsidiaries Operation and Sales |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda of the U.K. Manufacturing Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda of the U.K. Manufacturing Ltd. |
Country of Incorporation | U.K. |
Function | Manufacturing |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda Finance Europe plc [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Finance Europe plc |
Country of Incorporation | U.K. |
Function | Finance |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda Bank GmbH [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Bank GmbH |
Country of Incorporation | Germany |
Function | Finance |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda Turkiye A.S [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Turkiye A.S |
Country of Incorporation | Turkey |
Function | Manufacturing and Sales |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda Motor (China) Investment Co., Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Motor (China) Investment Co., Ltd. |
Country of Incorporation | China |
Function | Coordination of Subsidiaries Operation and Sales |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda Auto Parts Manufacturing Co., Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Auto Parts Manufacturing Co., Ltd. |
Country of Incorporation | China |
Function | Manufacturing |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda Motorcycle & Scooter India (Private) Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Motorcycle & Scooter India (Private) Ltd. |
Country of Incorporation | India |
Function | Manufacturing and Sales |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda Cars India Limited [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Cars India Limited |
Country of Incorporation | India |
Function | Manufacturing and Sales |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
P.T. Honda Precision Parts Manufacturing [member] | |
Disclosure of subsidiaries [line items] | |
Company | P.T. Honda Precision Parts Manufacturing |
Country of Incorporation | Indonesia |
Function | Manufacturing |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
P.T. Honda Prospect Motor [member] | |
Disclosure of subsidiaries [line items] | |
Company | P.T. Honda Prospect Motor |
Country of Incorporation | Indonesia |
Function | Manufacturing and Sales |
Percentage Ownership | 51.00% |
Percentage Voting Interest | 51.00% |
Honda Malaysia Sdn Bhd [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Malaysia Sdn Bhd |
Country of Incorporation | Malaysia |
Function | Manufacturing and Sales |
Percentage Ownership | 51.00% |
Percentage Voting Interest | 51.00% |
Honda Taiwan Co., Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Taiwan Co., Ltd. |
Country of Incorporation | Taiwan |
Function | Sales |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Asian Honda Motor Co., Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Asian Honda Motor Co., Ltd. |
Country of Incorporation | Thailand |
Function | Coordination of Subsidiaries Operation and Sales |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda Leasing (Thailand) Co., Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Leasing (Thailand) Co., Ltd. |
Country of Incorporation | Thailand |
Function | Finance |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda Automobile (Thailand) Co., Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Automobile (Thailand) Co., Ltd. |
Country of Incorporation | Thailand |
Function | Manufacturing and Sales |
Percentage Ownership | 89.00% |
Percentage Voting Interest | 89.00% |
Thai Honda Manufacturing Co., Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Thai Honda Manufacturing Co., Ltd. |
Country of Incorporation | Thailand |
Function | Manufacturing |
Percentage Ownership | 83.00% |
Percentage Voting Interest | 83.00% |
A.P. Honda Co., Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Company | A.P. Honda Co., Ltd. |
Country of Incorporation | Thailand |
Function | Sales |
Percentage Ownership | 61.00% |
Percentage Voting Interest | 61.00% |
Honda Vietnam Co., Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Vietnam Co., Ltd. |
Country of Incorporation | Vietnam |
Function | Manufacturing and Sales |
Percentage Ownership | 70.00% |
Percentage Voting Interest | 70.00% |
Honda Motor de Argentina S.A. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Motor de Argentina S.A. |
Country of Incorporation | Argentina |
Function | Manufacturing and Sales |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda South America Ltda. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda South America Ltda. |
Country of Incorporation | Brazil |
Function | Coordination of Subsidiaries Operation |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Banco Honda S.A. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Banco Honda S.A. |
Country of Incorporation | Brazil |
Function | Finance |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Honda Automoveis do Brasil Ltda. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Honda Automoveis do Brasil Ltda. |
Country of Incorporation | Brazil |
Function | Manufacturing and Sales |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |
Moto Honda da Amazonia Ltda. [member] | |
Disclosure of subsidiaries [line items] | |
Company | Moto Honda da Amazonia Ltda. |
Country of Incorporation | Brazil |
Function | Manufacturing and Sales |
Percentage Ownership | 100.00% |
Percentage Voting Interest | 100.00% |