Honda Reports Consolidated Financial Summary for the Fiscal 3rd Quarter ended December 31, 2016
February 03 2017 - 3:10AM
JCN Newswire (English)
Honda Motor Co., Ltd. announced its consolidated financial
results for the fiscal third quarter ended December 31, 2016.
Consolidated operating profit for the fiscal third quarter (October
1, 2016 through December 31, 2016) amounted to 207.6 billion yen,
an increase of 27.4% compared to the same period last year, due
primarily to a decrease in selling, general and administrative
(SG&A) expenses that included quality-related expenses and the
positive effect of cost reduction efforts. This was achieved
despite unfavorable currency effects. Consolidated profit for the
fiscal third quarter attributable to owners of the parent amounted
to 168.8 billion yen, an increase of 35.9% compared to the same
period last year.
Consolidated operating profit for the fiscal nine months (April 1,
2016 through December 31, 2016) amounted to 702.6 billion yen, an
increase of 23.9% compared to the same period last year, due to the
positive effect of cost reduction efforts, a decrease in selling,
general and administrative (SG&A) expenses that included
quality-related expenses, an increase in profit related to changes
in sales volume and model mix, and the positive effect of pension
accounting. This was despite the impact of the 2016 Kumamoto
Earthquake and unfavorable currency effects. Consolidated profit
for the fiscal nine months attributable to owners of the parent
amounted to 520.6 billion yen, an increase of 18.9% compared to the
same period last year.
Despite a decline in consolidated unit sales for motorcycle and
automobile businesses, reflecting foreign currency translation
effects, the previously announced forecast for consolidated sales
revenue for the current fiscal year (April 1, 2016 through March
31, 2017) was revised upward by 400.0 billion yen to 13.8 trillion
yen.
Reflecting a decline in selling, general and administrative
(SG&A) expenses, the positive effect of cost reduction efforts
and favorable currency effect, the forecast for consolidated
operating profit for the current fiscal year was revised upward by
135.0 billion yen to 785.0 billion yen. The forecasts for
consolidated profit for the current fiscal year attributable to
owners of the parent was revised upward by 130.0 billion yen to
545.0 billion yen.
The quarterly dividend for the fiscal third quarter will be 24 yen
per share (an increase of 2 yen per share compare to the previously
announced forecast), and total dividends to be paid for the fiscal
year ending March 31, 2017 are expected to be 92 yen per share (an
increase of 4 yen per share compared to the previously announced
forecast).
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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