TOKYO, Jan. 29, 2016 /PRNewswire/ -- Honda Motor
Co., Ltd. (HMC; NYSE) today announced its consolidated
financial results for the fiscal third quarter and fiscal first
nine-month period ended December 31,
2015.
Third Quarter Results
Honda's consolidated profit for the period attributable to
owners of the parent for the fiscal third quarter ended
December 31, 2015 totaled
JPY 124.1 billion (USD 1,030 million), a decrease of 18.5% from the
same period last year. Earnings per share attributable to owners of
the parent for the quarter amounted to JPY
68.91 (USD 0.57), a decrease
of JPY 15.65 (USD 0.13) from JPY
84.56 for the corresponding period last year. One Honda
American Depository Share represents one common share.
Consolidated sales revenue for the quarter amounted to
JPY 3,617.2 billion (USD 29,991 million), an increase of 3.4% from the
same period last year, due primarily to increased revenue in
automobile and financial services business operations.
Consolidated operating profit for the quarter amounted to
JPY 163 billion (USD 1,352 million), a decrease of 22.3% 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 45.0
billion (USD 374 million) for
the quarter, an increase of 22.6% from the corresponding period
last year.
Consolidated profit before income taxes for the quarter totaled
JPY 200.8 billion (USD 1,666 million), a decrease of 24.0% from the
same period last year.
Business Segment
In motorcycle business operations, sales revenue decreased 6.5%,
to JPY 442.1 billion (USD 3,666 million) from the same period last
year. Operating profit totaled JPY 49.5
billion (USD 410 million), a
decrease of 6.6% from the same period last year.
In automobile business operations, sales revenue increased 3.3%,
to JPY 2,652.4 billion (USD 21,992 million) from the same period last
year. Operating profit totaled JPY 69.5
billion (USD 577 million), a
decrease of 36.5% from the same period last year.
In financial services business operations, sales revenue
increased 16.7%, to JPY 444.5 billion
(USD 3,686 million) from the same
period last year. Operating profit increased 2.6% to JPY 51.4 billion (USD 427
million) from the same period last year.
In power product and other businesses operations, sales revenue
increased 0.8%, to JPY 77.9 billion
(USD 646 million) from the same
period last year. Honda reported an operating loss of JPY 7.4 billion (USD 62
million), a decline of JPY 4.7
billion (USD 39 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
120.61=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 December 31, 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
|
14,550.0
|
+ 9.2%
|
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 January 29, 2016, resolved to
make the quarterly dividend JPY 22
per share of common stock, the record date of which is December 31, 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.