TOKYO, Oct. 30, 2018 /PRNewswire/ -- Honda Motor Co.,
Ltd (NYSE: HMC) announced its
consolidated financial results for the fiscal first half ended
September 30, 2018.
Consolidated sales revenue for the fiscal first half
(April 1, 2018 through September 30, 2018) amounted to 7,865.8 billion yen, an increase of 5.0% 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 half amounted
to 513.8 billion yen, an increase of
21.7% compared to the same period last year, due primarily to an
increase in profit related to changes in sales volume and model mix
resulting from strong sales of motorcycles, mainly in Asian
countries such as India and
Vietnam, as well as cost reduction
efforts. This also was due to the loss related to the settlement of
multidistrict class action litigation recorded during the same
period last year.
Consolidated profit before income taxes for the fiscal first
half amounted to 641.3 billion yen,
an increase of 11.0% compared to the same period last year.
Consolidated profit for the fiscal first half attributable to
owners of the parent amounted to 455.1
billion yen, an increase of 19.3% compared to the same
period last year.
Honda set an all-time fiscal first half record for consolidated
sales revenue, consolidated operating profit, consolidated profit
before income taxes and consolidated profit for the period
attributable to owners of the parent.
Reflecting various factors such as an increase in consolidated
motorcycle unit sales, an increase in profit resulting from the
structural improvement of each business and favorable foreign
currency effects, the following upward 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 upward by 350.0 billion yen to 15.8
trillion yen, operating profit was revised upward by
80.0 billion yen to 790.0 billion yen, and the forecast for profit
for the current fiscal year attributable to owners of the parent
was revised upward by 60.0 billion
yen to 675.0 billion yen.
The quarterly dividend for the fiscal second quarter will be
28 yen per share (an increase of
4 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 111 yen per share (an
increase of 11 yen per share compared
to the previous fiscal year).
Consolidated
Financial Results for the Fiscal First Half
|
|
|
|
Fiscal
first
half ended
Sep. 30,
2017
(6 months
period)
|
Fiscal
first
half ended
Sep. 30, 2018
(6 months
period)
|
Difference
|
Honda
Group
Unit
Sales*1
(million
units)
|
Motorcycles
|
9.937
|
10.667
|
+0.730
|
Automobiles*3
|
2.559
|
2.551
|
-0.008
|
Power
Products
|
2.589
|
2.603
|
+0.014
|
Consolidated
Unit
Sales*2
(million
units)
|
Motorcycles
|
6.691
|
7.148
|
+0.457
|
Automobiles*3
|
1.807
|
1.827
|
+0.020
|
Power
Products
|
2.589
|
2.603
|
+0.014
|
Financial
Results
(billion
yen)
|
Sales
revenue
|
7,489.2
|
7,865.8
|
+376.5
|
Operating
profit
|
422.1
|
513.8
|
+91.7
|
Share of profit
of
investments accounted for
using the equity method
|
135.2
|
118.2
|
-16.9
|
Profit before income
taxes
|
577.6
|
641.3
|
+63.6
|
Profit for the
period
attributable to
owners of the
parent
|
381.3
|
455.1
|
+73.7
|
Quarterly dividend per
share (yen)
|
48
|
55
|
+7
|
Honda's
Average
Rate (yen)
|
USD=
|
111
|
110
|
Up by 1 yen
|
|
|
|
|
Forecasts for the
Fiscal Year Ending March 31, 2019 (FY19)
|
|
|
|
FY18
results
|
Previously
announced
FY19 forecasts
(Jul. 31,
2018)
|
Newly
announced FY19 forecasts
(Oct. 30,
2018)
|
Difference
compared to
FY18 results
|
Difference
compared to
previously announced
forecasts
|
Honda Group
Unit Sales*1
(million units)
|
Motorcycles
|
19.554
|
20.850
|
20.850
|
+1.296
|
-
|
Automobiles*3
|
5.199
|
5.285
|
5.285
|
+0.086
|
-
|
Power
Products
|
6.262
|
6.345
|
6.345
|
+0.083
|
-
|
Consolidated
Unit
Sales*2
(million
units)
|
Motorcycles
|
12.954
|
13.775
|
13.860
|
+0.906
|
+0.085
|
Automobiles*3
|
3.689
|
3.745
|
3.745
|
+0.056
|
-
|
Power
Products
|
6.262
|
6.345
|
6.345
|
+0.083
|
-
|
Financial
Results/
Forecasts
(billion yen)
|
Sales
revenue
|
15,361.1
|
15,450.0
|
15,800.0
|
+438.8
|
+350.0
|
Operating
profit
|
833.5
|
710.0
|
790.0
|
-43.5
|
+80.0
|
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
|
930.0
|
1,010.0
|
-104.9
|
+80.0
|
Profit for the
year
attributable to
owners of the
parent
|
1,059.3
|
615.0
|
675.0
|
-384.3
|
+60.0
|
Annual dividend per
share (yen)
|
100
|
108
|
111
|
+11
|
+3
|
Honda's
Average
Rate (yen)
|
USD=
|
111
|
107
|
110
|
Up
by 1 yen
|
Down by
3 yen
|
|
|
|
1st half
110 yen 2nd half 110
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://global.honda/investors/library/financialresult.html
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SOURCE Honda Motor Co., Ltd.