TOKYO, July 31, 2018 /PRNewswire/ -- Honda Motor
Co., Ltd. (HMC;NYSE) announced its consolidated financial results
for the fiscal first quarter ended June 30,
2018.
Consolidated sales revenue for the fiscal first quarter
(April 1, 2018 through June 30, 2018) amounted to 4,024.1 billion yen, an increase of 8.4% compared
to the same period last year, due primarily to an increase in sales
revenue from all businesses.
Consolidated operating profit for the fiscal first quarter
amounted to 299.3 billion yen, an
increase of 11.2% compared to the same period last year, due to
profit-increasing factors such as an increase in profit related to
changes in sales volume and model mix resulting from strong sales
of automobiles in North America
and motorcycles in Asian countries such as India and Vietnam, as well as a decrease in selling,
general and administrative (SG&A) expenses. This was despite
profit-reducing factors such as the impact of Mexico plant flooding and unfavorable foreign
currency effects.
Consolidated profit before income taxes for the fiscal first
quarter amounted to 358.2 billion
yen, an increase of 6.9% compared to the same period last
year. Consolidated profit for the fiscal first quarter attributable
to owners of the parent amounted to 244.3
billion yen, an increase of 17.8% compared to the same
period last year.
The following revisions were made to the previously announced
consolidated financial forecasts for the current fiscal year
(April 1, 2018 through March 31, 2019). The forecast for consolidated
sales revenue was revised downward by 150.0
billion yen to 15.45 trillion
yen, operating profit was revised upward by 10.0 billion yen to 710.0
billion yen, and the forecast for profit for the current
fiscal year attributable to owners of the parent was revised upward
by 45.0 billion yen to 615.0 billion yen.
Despite the impact of Mexico
plant flooding, which occurred during the first fiscal quarter, and
an increase in raw material prices, the forecast for consolidated
operating profit was revised upward by 10.0
billion yen due primarily to an increase in motorcycle unit
sales, as well as cost reduction efforts.
The quarterly dividend for the fiscal first quarter will be
27 yen per share (an increase of
3 yen per share compared to the same
period last year), and total dividends to be paid for the fiscal
year ending March 31, 2019 are
expected to be 108 yen per share (an
increase of 8 yen per share compared
to the previous fiscal year).
Consolidated Financial Results for the Fiscal 1st
Quarter
|
|
1st
quarter
ended
June 30,
2017
(3 months
period)
|
1st
quarter
ended
June 30,
2018
(3 months
period)
|
Difference
|
Honda Group
Unit Sales*1
(million units)
|
Motorcycles
|
4.699
|
5.352
|
+0.653
|
Automobiles*3
|
1.267
|
1.305
|
+0.038
|
Power
Products
|
1.331
|
1.341
|
+0.010
|
Consolidated
Unit
Sales*2
(million
units)
|
Motorcycles
|
3.245
|
3.615
|
+0.370
|
Automobiles*3
|
0.900
|
0.952
|
+0.052
|
Power
Products
|
1.331
|
1.341
|
+0.010
|
Financial
Results
(billion yen)
|
Sales
revenue
|
3,713.0
|
4,024.1
|
+311.0
|
Operating
profit
|
269.2
|
299.3
|
+30.1
|
Share of profit of
investments accounted for using the equity method
|
52.9
|
54.3
|
+1.3
|
Profit before income
taxes
|
335.0
|
358.2
|
+23.2
|
Profit for the
period
attributable to
owners of the
parent
|
207.3
|
244.3
|
+36.9
|
Quarterly dividend per
share (yen)
|
24
|
27
|
+3
|
Honda's
Average
Rate (yen)
|
USD=
|
111
|
109
|
Up by 2
yen
|
|
|
|
|
Forecasts for the Fiscal Year Ending March 31, 2019 (FY19)
|
|
FY18
results
|
Previously
announced
FY19
forecasts
(Apr. 27,
2018)
|
Newly
announced FY19
forecasts
(Jul. 31,
2018)
|
Difference
compared to
FY18 results
|
Difference
compared to
previously
announced
forecasts
|
Honda Group
Unit Sales*1
(million units)
|
Motorcycles
|
19.554
|
20.545
|
20.850
|
+1.296
|
+0.305
|
Automobiles*3
|
5.199
|
5.375
|
5.285
|
+0.086
|
-0.090
|
Power
Products
|
6.262
|
6.290
|
6.345
|
+0.083
|
+0.055
|
Consolidated
Unit
Sales*2
(million
units)
|
Motorcycles
|
12.954
|
13.560
|
13.775
|
+0.821
|
+0.215
|
Automobiles*3
|
3.689
|
3.835
|
3.745
|
+0.056
|
-0.090
|
Power
Products
|
6.262
|
6.290
|
6.345
|
+0.083
|
+0.055
|
Financial
Results/
Forecasts
(billion yen)
|
Sales
revenue
|
15,361.1
|
15,600.0
|
15,450.0
|
+88.8
|
-150.0
|
Operating
profit
|
833.5
|
700.0
|
710.0
|
-123.5
|
+10.0
|
Share of profit of
investments accounted for using the equity method
|
247.6
|
215.0
|
215.0
|
-32.6
|
-
|
Profit before income
taxes
|
1,114.9
|
920.0
|
930.0
|
-184.9
|
+10.0
|
Profit for the
year
attributable to
owners of the
parent
|
1,059.3
|
570.0
|
615.0
|
-444.3
|
+45.0
|
Annual dividend per
share (yen)
|
100
|
108
|
108
|
+8
|
-
|
Honda's
Average
Rate (yen)
|
USD=
|
111
|
105
|
107
|
Up
by 4 yen
|
Down by
2 yen
|
|
|
|
1st half
109 yen 2nd half 105
yen
|
|
|
*1 Honda Group Unit Sales is the total unit sales of the
completed products (motorcycles, ATVs, side-by-sides, automobiles,
power products) of Honda, its consolidated subsidiaries and its
affiliates and joint ventures accounted for using the equity
method.
*2 Consolidated Unit Sales is the total unit sales of the
completed products (motorcycles, ATVs, side-by-sides, automobiles,
power products) corresponding to consolidated sales revenue, which
consists of unit sales of completed products of Honda and its
consolidated subsidiaries.
*3 Certain sales of automobiles that are financed with residual
value type auto loans by our Japanese finance subsidiaries and sold
through our consolidated subsidiaries are accounted for as
operating leases in conformity with IFRS and are not included in
consolidated sales revenue to the external customers in our
automobile business. Accordingly, they are not included in
Consolidated Unit Sales, but are included in Honda Group Unit Sales
of our automobile business.
For Additional Information, please visit;
https://world.honda.com/investors/results.html
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SOURCE Honda Motor Co., Ltd.