TOKYO, Nov. 4, 2015 /PRNewswire/ -- Honda Motor
Co., Ltd. (HMC; NYSE) today announced its consolidated financial
results for the fiscal second quarter and fiscal first half year
ended September 30, 2015.
Second Quarter Results
Honda's consolidated profit for the period attributable to
owners of the parent for the fiscal second quarter ended
September 30, 2015 totaled
JPY 127.7 billion (USD 1,065 million), an increase of 6.9% from the
same period last year. Earnings per share attributable to owners of
the parent for the quarter amounted to JPY
70.88 (USD 0.59), an increase
of JPY 4.56 (USD 0.04) from JPY
66.32 for the corresponding period last year. One Honda
American Depository Share represents one common share.
Consolidated sales revenue for the quarter amounted to
JPY 3,621.2 billion (USD 30,187 million), an increase of 15.6% from
the same period last year, due primarily to increased revenue in
automobile, motorcycle, financial services and power product and
other business operations, as well as favorable foreign currency
translation effects.
Consolidated operating profit for the quarter amounted to
JPY 164.8 billion (USD 1,374 million), a decrease of 2.5% from the
same period last year, due primarily to increased SG&A
expenses, including quality related expenses and unfavorable
foreign currency effects, despite an increase in profit
attributable to increased sales revenue and model mix, and
continuing cost reduction efforts.
Share of profit of investments accounted for using the equity
method for the quarter amounted to JPY 34.1
billion (USD 285 million), an
increase of 567.4% from the corresponding period last year.
Consolidated profit before income taxes for the quarter totaled
JPY 210.9 billion (USD 1,758 million), an increase of 10.7% from the
same period last year.
Business Segment
In motorcycle business operations, sales revenue increased 4.7%,
to JPY 453.2 billion (USD 3,779 million) from the same period last
year. Operating profit totaled JPY 49.0
billion (USD 409 million), an
increase of 11.3% from the same period last year.
In automobile business operations, sales revenue increased
15.7%, to JPY 2,621.6 billion
(USD 21,854 million) from the same
period last year. Operating profit totaled JPY 67.7 billion (USD 565
million), a decrease of 12.4% from the same period last
year.
In financial services business operations, sales revenue
increased 28.7%, to JPY 462.0 billion
(USD 3,851 million) from the same
period last year. Operating profit increased 6.7% to JPY 51.8 billion (USD 432
million) from the same period last year.
In power product and other businesses operations, sales revenue
increased 14.6%, to JPY 84.3 billion
(USD 703 million) from the same
period last year. Honda reported an operating loss of JPY 3.8 billion (USD 32
million), a decline of JPY 2.7
billion (USD 23 million) from
the same period last year.
Explanatory note:
United States dollar amounts have
been translated from yen solely for the convenience of the reader
at the rate of JPY
119.96=USD 1, the mean of the
telegraphic transfer selling exchange rate and the telegraphic
transfer buying exchange rate prevailing on the Tokyo foreign exchange market on September 30, 2015.
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
|
14,600.0
|
+ 9.5%
|
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 November 4, 2015, resolved to
make the quarterly dividend JPY 22
per share of common stock, the record date of which is September 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 the actual results of the Company
could differ materially from those described in these
forward-looking statements as a result of numerous factors,
including general economic conditions in the principal markets of
the Company, its consolidated subsidiaries and its affiliates
accounted for by the equity-method, and fluctuation of foreign
exchange rates, as well as other factors detailed from time to
time.
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SOURCE Honda Motor Co., Ltd.