Despite the family connections, however, Mugen is not, and has never been, owned by Honda Motor Company; Mugen owner Hirotoshi Honda has been the major shareholder in Honda since his father's death in 1991.
Meski memiliki koneksi keluarga, Mugen tidak dan belum pernah dimiliki Honda Motor Company meski pemilik Mugen Hirotoshi Honda telah menjadi pemegang saham utama di Honda sejak kematian ayahnya pada tahun 1991.