🔖 What This Document Is

This is an exhibit attached to a Form 3 filing for Honda Motor Co., Ltd. A Form 3 is the first insider ownership report filed with the SEC when someone becomes a company insider (like an officer or director). This specific exhibit, EX-24, is a Power of Attorney. It's a legal document that allows one person to grant authority to another to act on their behalf.

👉 In short: This isn't a financial report. It's the legal paperwork that lets Honda's management handle the SEC filing process for an insider named Masayuki Igarashi.

🧑‍💼 Who's Involved

• The Filer (Grantor): Masayuki Igarashi. He is the person granting the authority.
• The Company: Honda Motor Co., Ltd. (NYSE: HMC).
• The Appointed Attorneys: Two Honda executives are named:
  • Koichi Awano, General Manager of the Board of Directors Office.
  • Kenji Ichinoseki, Department Manager of the Investor Relations Department.

⚖️ What The Power Of Attorney Does

Mr. Igarashi is giving Mr. Awano and Mr. Ichinoseki the power to handle specific SEC and administrative tasks for him. They can:

1. Manage his EDGAR account (the SEC's online filing system).
2. Receive SEC communications about codes and passwords.
3. Prepare and file SEC Forms 3, 4, and 5. These are the mandatory reports where insiders disclose their trades in company stock.
4. Take any other necessary action to complete these tasks.

👉 Why it matters: This streamlines compliance. It allows the company's investor relations and legal teams to efficiently file the required insider trading reports on behalf of its executives, ensuring they meet legal deadlines.

🛡️ Key Legal Protections & Acknowledgments

The document includes important legal language:

• No Transfer of Responsibility: Mr. Igarashi explicitly states that by appointing these attorneys, he is not transferring his legal responsibility to comply with insider trading rules (Section 16 of the Exchange Act). He remains ultimately accountable.
• Clean Record Representation: Mr. Igarashi confirms he has not been criminally convicted or civilly enjoined for securities law violations.
• Indemnification Agreement: Mr. Igarashi agrees to cover (indemnify) his appointed attorneys for any losses or legal costs that arise if they act based on incorrect information he provided.

📅 Key Date & Duration

• Execution Date: The Power of Attorney was signed on March 1, 2026.
• Duration: It stays in full effect until Mr. Igarashi formally revokes it in a written notice delivered to the attorneys. It does not expire automatically.

🏢 What The Company Does

Honda Motor Co., Ltd. is a global powerhouse in mobility. 👉 In simple terms, they design, manufacture, and sell automobiles, motorcycles, and power products (like generators and lawn mowers). This document is a small piece of their corporate governance machinery, ensuring insider ownership is properly disclosed to regulators and the public.

🧠 The Analogy

Giving someone a Power of Attorney for SEC filings is like adding a trusted co-worker as an authorized user on your important online account. They can log in and perform specific tasks (like filing forms) for you, but you still own the account and are responsible for everything that happens in it.

🧩 Final Takeaway

This is a standard administrative and governance document, not a report on Honda's financial health. It shows Honda putting proper procedures in place to comply with U.S. securities laws by authorizing key executives to manage SEC filings on behalf of an insider. The core message is about process and accountability, not performance.