TOKYO, July 31, 2015 /PRNewswire/ -- Honda Motor Co.,
Ltd. (HMC; NYSE) today announced its consolidated financial
results for the fiscal first quarter ended June 30, 2015.
First Quarter Results
Honda's consolidated profit for the period attributable to
owners of the parent for the fiscal first quarter ended
June 30, 2015 totaled JPY 186.0 billion (USD
1,519 million), an increase of 19.6% from the same period
last year. Earnings per share attributable to owners of the parent
for the quarter amounted to JPY
103.22 (USD 0.84), an increase
of JPY 16.88 (USD 0.14) from JPY
86.34 for the corresponding period last year. One Honda
American Depository Share represents one common share.
Consolidated sales revenue for the quarter amounted to
JPY 3,704.7 billion (USD 30,255 million), an increase of 15.5% from
the same period last year, due primarily to increased revenue in
automobile and financial services business operations, as well as
favorable foreign currency translation effects.
Consolidated operating profit for the quarter amounted to
JPY 239.2 billion (USD 1,954 million), an increase of 16.4% from the
same period last year, due primarily to an increase in profit
attributable to increased sales revenue and model mix, continuing
cost reduction efforts and favorable foreign currency effects,
despite increased SG&A expenses, including quality related
expenses.
Share of profit of investments accounted for using the equity
method amounted to JPY 38.3 billion
(USD 313 million) for the quarter, an
increase of 5.7% from the corresponding period last year.
Consolidated profit before income taxes for the quarter totaled
JPY 282.3 billion (USD 2,306 million), an increase of 15.9% from the
same period last year.
Business Segment
In motorcycle business operations, sales revenue increased
10.8%, to JPY 472.7 billion
(USD 3,860 million) from the same
period last year. Operating profit totaled JPY 55.5 billion (USD 454
million), an increase of 33.4% from the same period last
year.
In automobile business operations, sales revenue increased
14.4%, to JPY 2,675.8 billion
(USD 21,853 million) from the same
period last year. Operating profit totaled JPY 130.7 billion (USD
1,068 million), an increase of 18.0% from the same period
last year.
In financial services business operations, sales revenue
increased 30.0%, to JPY 473.6 billion
(USD 3,868 million) from the same
period last year. Operating profit increased 5.7% to JPY 52.4 billion (USD 428
million) from the same period last year.
In power product and other businesses operations, sales revenue
totaled to JPY 82.5 billion
(USD 674 million), an increase of
6.2% from the same period last year. Operating profit decreased
84.6% to JPY 0.5 billion
(USD 4 million) from the same period
last year.
Forecasts for the Fiscal Year Ending March 31, 2016
In regard to the forecasts of the financial results for the
fiscal year ending March 31, 2016,
Honda projects consolidated results to be as shown below:
Fiscal year ending
March 31, 2016
|
|
|
|
|
|
|
Yen
(billions)
|
Changes from FY
2015
|
|
|
|
|
Sales
revenue
|
|
14,500.0
|
+ 8.8%
|
|
|
|
|
Operating
profit
|
|
685.0
|
+ 2.1%
|
|
|
|
|
Profit before income
taxes
|
|
805.0
|
- 0.2%
|
|
|
|
|
Profit for the year
attributable to
owners of the parent
|
|
525.0
|
+ 3.1%
|
|
|
|
|
|
|
Yen
|
|
Earnings per share
attributable to
owners of the parent
Basic and
diluted
|
|
291.30
|
|
Dividend per Share of Common Stock
The Board of Directors of Honda Motor Co., Ltd., at its meeting
held on July 31, 2015, resolved to
make the quarterly dividend JPY 22
per share of common stock, the record date of which is June 30, 2015. The total expected annual dividend
per share of common stock for the fiscal year ending March 31, 2016, is JPY
88 per share.
This announcement contains "forward-looking statements" as
defined in Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Such statements are based on management's assumptions and beliefs
taking into account information currently available to it.
Therefore, please be advised that Honda's actual results could
differ materially from those described in these forward-looking
statements as a result of numerous factors, including general
economic conditions in Honda's principal markets and foreign
exchange rates between the Japanese yen and the U.S. dollar and
other major currencies, as well as other factors detailed from time
to time.
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SOURCE Honda Motor Co., Ltd.