Honda's Consolidated Financial Summary for the Fiscal Year and the Fiscal 4th Quarter ended March 31, 2017
April 28 2017 - 5:08AM
JCN Newswire (English)
Honda Motor Co., Ltd. announced its consolidated financial
results for the fiscal year and the fiscal fourth quarter ended
March 31, 2017.
Consolidated operating profit for the fiscal year (April 1, 2016
through March 31, 2017) amounted to 840.7 billion yen, an increase
of 67.0% compared to the previous fiscal year, due to
profit-increasing factors such as an increase in unit sales due to
the positive effect of new model introductions, a reduction of
selling, general and administrative (SG&A) expenses that
include quality-related expenses, cost reduction efforts and the
positive effect of pension accounting. This was despite
profit-reducing factors such as unfavorable currency effects and an
increase in research and development (R&D) expenses.
Consolidated profit for the fiscal year attributable to owners of
the parent amounted to 616.5 billion yen, an increase of 79.0%
compared to the previous fiscal year.
Consolidated operating profit for the fiscal fourth quarter
(January 1, 2017 through March 31, 2017) amounted to 138.1 billion
yen, an increase of 201.9 billion yen compared to the same period
last year, due to profit-increasing factors such as a reduction of
SG&A expenses that include quality-related expenses and cost
reduction efforts. This was despite profit-reducing factors such as
unfavorable currency effects and an increase in R&D
expenses.
The quarterly dividend for the fiscal fourth quarter will be 24 yen
per share, an increase of 2 yen per share compared to the same
period last year. The total dividends to be paid for the fiscal
year ended March 31, 2017 are planned to be 92 yen per share, an
increase of 4 yen per share compared to the previous fiscal year.
The year-end dividends are matters to be resolved at the general
shareholders' meeting.
About Honda
Honda Motor Co., Ltd. (TSE:7267/NYSE:HMC/LSE:HNDA) is one of the
leading manufacturers of automobiles and power products and the
largest manufacture of motorcycles in the world. Honda has always
sought to provide genuine satisfaction to people worldwide. The
result is more than 120 manufacturing facilities in 30 countries
worldwide, producing a wide range of products, including
motorcycles, ATVs, generators, marine engines, lawn and garden
equipment and automobiles that bring the company into contact with
over 19 million customers annually. For more information, please
visit http://world.honda.com.
Source: Honda
Contact:
Honda
Media Inquiries
corporate_pr@hm.honda.co.jp
+81-3-5412-1512
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