Honda to buy back up to 1.1T yen of common stock

The company states: “Honda (HMC) Motor provides notice that, as announced in the Notice Concerning Acquisition of the Company’s Own Shares dated November 6, 2024, at a board meeting held on that day, the Board of Directors resolved to acquire its own shares pursuant to Article 459, Paragraph 1 of the Company Law and Article 36 of the Company’s Articles of Incorporation, but at a board meeting held on December 23, 2024, the Board of Directors resolved a new resolution to acquire its own shares and to suspend the Old Resolution for Acquisition of its own Shares which was resolved on November 6, 2024. The Company will acquire its own shares for the purpose, among others, of improving efficiency of its capital structure, implementing a flexible capital strategy and strengthening shareholder returns . Total amount of shares to be acquired: Up to 1,100 billion yen.”