Research and Development Expenses of Honda Motors
The table below shows the consolidated R & D Expenses of Honda Motors 2007-2017 in Millions of Yen.
Honda Motors Research & Development expenditures from 2007-2017| Year | R&D expenditures in millions of Yen |
|---|---|
| 2007 | 551847 |
| 2008 | 587959 |
| 2009 | 563197 |
| 2010 | 463354 |
| 2011 | 487591 |
| 2012 | 519818 |
| 2013 | 560270 |
| 2014 | 625698 |
| 2015 | 670331 |
| 2016 | 719810 |
| 2017 | 659918 |
| 2007-2013 US GAAP, 2014 to 2017 IFRS |
The automotive industry has become highly competitive in the 21st century and the automobile brands are investing heavily in both R&D and marketing for higher growth and to bring innovative products and technologies. For the fiscal year ended March 2017, Honda’s R&D expenses were 660 Billion Yen.
Sources: