TOKYO, Feb. 3, 2017 /PRNewswire/ -- Honda Motor Co.,
Ltd. (NYSE: HMC) today announced its consolidated financial results
for the fiscal third quarter ended December
31, 2016.
Third Quarter Results
Honda's consolidated profit for the period attributable to
owners of the parent for the fiscal third quarter ended
December 31, 2016 totaled
JPY 168.8 billion (USD 1,449 million), an increase of 35.9% from the
same period last year. Earnings per share attributable to owners of
the parent for the quarter amounted to JPY
93.67 (USD 0.80), an increase
of JPY 24.76 (USD 0.21) from JPY
68.91 for the corresponding period last year. One Honda
American Depository Share represents one common share.
Consolidated sales revenue for the quarter amounted to
JPY 3,501.0 billion (USD 30,055 million), a decrease of 3.2% from the
same period last year, due primarily to unfavorable foreign
currency translation effects, despite increased revenue in
automobile business, financial services business and motorcycle
business operations.
Consolidated operating profit for the quarter amounted to
JPY 207.6 billion (USD 1,783 million), an increase of 27.4% from the
same period last year, due primarily to decreased SG&A
expenses, including quality related expenses and continuing cost
reduction efforts, despite unfavorable foreign currency
effects.
Share of profit of investments accounted for using the equity
method for the quarter amounted to JPY 49.1
billion (USD 422 million), an
increase of 8.9% from the corresponding period last year.
Consolidated profit before income taxes for the quarter totaled
JPY 260.9 billion (USD 2,240 million), an increase of 29.9% from the
same period last year.
Business Segment
In motorcycle business operations, sales revenue decreased 4.9%,
to JPY 420.6 billion (USD 3,611 million) from the same period last
year. Operating profit totaled JPY 41.8
billion (USD 359 million), a
decrease of 15.4% from the same period last year.
In automobile business operations, sales revenue decreased 3.7%,
to JPY 2,555.1 billion (USD 21,934 million) from the same period last
year. Operating profit totaled JPY 129.8
billion (USD 1,115 million),
an increase of 86.6% from the same period last year.
In financial services business operations, sales revenue
increased 1.8%, to JPY 452.5 billion
(USD 3,884 million) from the same
period last year. Operating profit decreased 17.7% to JPY 42.3 billion (USD 364
million) from the same period last year.
In power product and other businesses operations, sales revenue
decreased 6.6%, to JPY 72.8 billion
(USD 625 million) from the same
period last year. Honda reported an operating loss of JPY 6.3 billion (USD 55
million), an improvement of JPY 1.1
billion (USD 10 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
116.49=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, 2016.
Forecasts for the Fiscal Year Ending March 31, 2017
In regard to the forecasts of the financial results for the
fiscal year ending March 31, 2017,
Honda projects consolidated results to be as shown below:
Fiscal year ending
March 31, 2017
|
|
|
|
|
|
Yen
(billions)
|
Changes from FY
2016
|
|
|
|
Sales
revenue
|
13,800.0
|
-5.5%
|
|
|
|
Operating
profit
|
785.0
|
+55.9%
|
|
|
|
Profit before income
taxes
|
925.0
|
+45.6%
|
|
|
|
Profit for the year
attributable to
owners of the parent
|
545.0
|
+58.2%
|
|
|
|
|
Yen
|
|
|
|
|
Earnings per share
attributable to
owners of the parent
|
302.39
|
|
Basic
and diluted
|
|
|
Dividend per Share of Common Stock
The Board of Directors of Honda Motor Co., Ltd., at its meeting
held on February 3, 2017, resolved to
make the quarterly dividend JPY 24
per share of common stock, the record date of which is December 31, 2016. The total expected annual
dividend per share of common stock for the fiscal year ending
March 31, 2017, is JPY 92 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.
For Additional Information, please visit;
http://world.honda.com/investors/library/financialresult/
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SOURCE Honda Motor Co., Ltd.