Index: runtime/syntax/2html.vim
===================================================================
--- runtime/syntax/2html.vim	(revision 384)
+++ runtime/syntax/2html.vim	(working copy)
@@ -162,7 +162,7 @@
     let s:html_encoding = 'iso-8859-1'
   elseif s:vim_encoding =~ "^cp12"
     let s:html_encoding = substitute(s:vim_encoding, 'cp', 'windows-', '')
-  elseif s:vim_encoding == 'sjis'
+  elseif s:vim_encoding == 'sjis' || s:vim_encoding == 'cp932'
     let s:html_encoding = 'Shift_JIS'
   elseif s:vim_encoding == 'big5'
     let s:html_encoding = "Big5"
