'Preparing for the Next Leap Forward'.

Tokyo, Japan, - Honda Motor Co., Ltd. has published its Annual Report to Shareholders for the year ended March 31, 2006. In his detailed review of the year, Takeo Fukui, President and Chief Executive Officer, is pleased to report that "Fiscal 2006, which ended March 31, 2006, was the first year of Honda's new mid-term business plan, launched in April 2005. During the year, we strengthened our position in each business and region and enhanced local operations.