TOKYO, Feb. 2, 2018 /PRNewswire/ -- Honda Motor
Co., Ltd. (NYSE: HMC) today announced its consolidated financial
results for the fiscal third quarter ended December 31, 2017.
Third Quarter Results
Honda's consolidated profit for the period attributable to
owners of the parent for the fiscal third quarter ended
December 31, 2017 totaled
JPY 570.2 billion, an increase of
237.8% from the same period last year, due mainly to impacts of the
enactment of the U.S. Tax cuts and Jobs Act. Earnings per share
attributable to owners of the parent for the quarter amounted to
JPY 318.50, an increase of
JPY 224.83 from the corresponding
period last year. One Honda American Depository Share represents
one common share.
Consolidated sales revenue for the quarter amounted to
JPY 3,957.1 billion, an increase of
13.0% from the same period last year, due primarily to increased
revenue in all business operations.
Consolidated operating profit for the quarter amounted to
JPY 284.5 billion, an increase of
37.0% from the same period last year, due primarily to an increase
in sales volume and model mix, despite increased SG&A
expenses.
Share of profit of investments accounted for using the equity
method for the quarter amounted to JPY 54.5
billion, an increase of 11.0% from the corresponding period
last year.
Consolidated profit before income taxes for the quarter totaled
JPY 346.8 billion, an increase of
32.9% from the same period last year.
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
|
15,200.0
|
+8.6%
|
Operating
profit
|
775.0
|
-7.8%
|
Profit before income
taxes
|
1,045.0
|
+3.8%
|
Profit for the
year
|
1,070.0
|
+57.5%
|
Profit for the year
attributable to
owners of the parent
|
1,000.0
|
+62.2%
|
|
Yen
|
|
Earnings per share
attributable to
owners of the parent
Basic and
diluted
|
557.70
|
|
Dividend per Share of Common Stock
Fiscal third quarter dividend is JPY
25 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 98 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.