TOKYO, April 27, 2018 /PRNewswire/ -- Honda Motor Co.,
Ltd. (NYSE: HMC) today announced its consolidated financial results
for the fiscal fourth quarter ended March
31, 2018.
Fourth Quarter Results
Honda's consolidated profit for the period attributable to
owners of the parent for the fiscal fourth quarter ended
March 31, 2018 totaled JPY 107.7 billion, an increase of 12.3% from the
same period last year. Earnings per share attributable to owners of
the parent for the quarter amounted to JPY
60.59, an increase of JPY 7.35
from the corresponding period last year. One Honda American
Depository Share represents one common share.
Consolidated sales revenue for the quarter amounted to
JPY 3,914.7 billion, an increase of
4.0% from the same period last year, due primarily to increased
sales revenue in all business operations, despite unfavorable
foreign currency translation effects.
Consolidated operating profit for the quarter amounted to
JPY 126.8 billion, a decrease of 8.2%
from the same period last year, due primarily to increased SG&A
expenses and unfavorable foreign currency effects, despite
continuing cost reduction efforts.
Share of profit of investments accounted for using the equity
method for the quarter amounted to JPY 57.9
billion, an increase of 19.2% from the corresponding period
last year.
Consolidated profit before income taxes for the quarter totaled
JPY 190.4 billion, an increase of
1.8% from the corresponding period last year, mainly due to
increased share of profit of investments accounted for using the
equity method.
Forecasts for the Fiscal Year Ending March 31, 2019
In regard to the forecasts of the financial results for the
fiscal year ending March 31, 2019,
Honda projects consolidated results to be as shown below:
Fiscal year ending March 31,
2019
|
|
|
|
|
Yen
(billions)
|
Changes from
FY2018
|
|
|
|
Sales
revenue
|
15,600.0
|
+1.6%
|
Operating
profit
|
700.0
|
-16.0%
|
Profit before income
taxes
|
920.0
|
-17.5%
|
Profit for the
year
|
635.0
|
-43.7%
|
|
|
|
Profit for the year
attributable to
owners of the parent
|
570.0
|
-46.2%
|
|
|
|
|
Yen
|
|
Earnings per share
attributable to
owners of the parent Basic and
diluted
|
322.42
|
|
Dividend per Share of Common Stock
Fiscal fourth quarter dividend is JPY
27 per share of common stock. The total annual dividend per
share of common stock for the fiscal year ending March 31, 2018, is JPY
100 per share.
The Company expects to distribute quarterly cash dividends of
JPY 27 per share for each quarter for
the fiscal year ending March 31,
2019. As a result, total cash dividends for the fiscal year
ending March 31, 2019 are expected to
be JPY 108 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
View original
content:http://www.prnewswire.com/news-releases/honda-motor-co-ltd-reports-consolidated-financial-results-for-the-fiscal-fourth-quarter-and-the-fiscal-year-ended-march-31-2018-300638016.html
SOURCE Honda Motor Co., Ltd.