TOKYO, Aug. 1, 2017 /PRNewswire/ -- Honda Motor
Co., Ltd. (NYSE: HMC) today announced its consolidated financial
results for the fiscal first quarter ended June 30, 2017.
First Quarter Results
Honda's consolidated profit for the period attributable to
owners of the parent for the fiscal first quarter ended
June 30, 2017 totaled JPY 207.3 billion (USD
1,851 million), an increase of 18.7% from the same period
last year. Earnings per share attributable to owners of the parent
for the quarter amounted to JPY
115.04 (USD 1.03), an increase
of JPY 18.11 (USD 0.16) from JPY
96.93 for the corresponding period last year. One Honda
American Depository Share represents one common share.
Consolidated sales revenue for the quarter amounted to
JPY 3,713.0 billion (USD 33,153 million), an increase of 7.0% from the
same period last year, due primarily to increased revenue in
financial services business and motorcycle business operations as
well as favorable foreign currency translation effects.
Consolidated operating profit for the quarter amounted to
JPY 269.2 billion (USD 2,404 million), an increase of 0.9% from the
same period last year, due primarily to an increase in sale volume
and model mix and continuing cost reduction efforts, despite
increased SG&A expenses.
Share of profit of investments accounted for using the equity
method for the quarter amounted to JPY 52.9
billion (USD 473 million), an
increase of 94.5% from the corresponding period last year.
Consolidated profit before income taxes for the quarter totaled
JPY 335.0 billion (USD 2,991 million), an increase of 16.1% 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
112.00=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 June 30, 2017.
Forecasts for the Fiscal Year Ending March 31, 2018
In regard to the forecasts of the financial results for the
fiscal year ending March 31, 2018,
Honda projects consolidated results to be as shown below:
Fiscal year ending March 31,
2018
|
Yen
(billions)
|
Changes from
FY2017
|
|
|
|
Sales
revenue
|
14,500.0
|
+3.6%
|
Operating
profit
|
725.0
|
-13.8%
|
Profit before income
taxes
|
900.0
|
-10.6%
|
Profit for the
year
|
605.0
|
-11.0%
|
Profit for the year
attributable to
owners of the parent
|
545.0
|
-11.6%
|
|
Yen
|
|
Earnings per
share
attributable to owners of the parent
Basic and diluted
|
302.39
|
|
Dividend per Share of Common Stock
Fiscal first quarter dividend is JPY
24 per share of common stock. The total expected annual
dividend per share of common stock for the fiscal year ending
March 31, 2018, is JPY 96 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. The various factors for increases and decreases in profit
have been classified in accordance with a method that Honda
considers reasonable.
For Additional Information, please visit;
http://world.honda.com/investors/results.html
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SOURCE Honda Motor Co., Ltd.