Sustainable Success Going Forward
Shareholder Value
HMC has increased shareholder return, enhanced communication with shareholders, and improved transparency
Key Activities
25
☑
Apr. 2015
Established Corporate
Governance and
Communication Committee
Mar. 2016
Posted Corporate
Governance Charter
Jan. 2017
Announced
Mid-long Term
Dividend Policy
Jan. 2018
Will appoint
An Outside Director* based on
Recommendation of Shareholders
* In charge of Shareholder's Rights protection
Mid-long Term Dividend Policy
✓ Allocate 30 to 50% of annual Free Cash Flow for shareholder returns
✓ Aim to lift its payout ratio to the average of global automakers
*Free Cash Flow from non-finance division
27%
20%
17%
11%
6%
1,950 3,000 4,000 4,000 4,000
2013 2014 2015 2016 2017
DPS (KRW)
Payout Ratio (%)
*DPS for ordinary shares including interim dividend
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