TOKYO, Nov. 5, 2021 /PRNewswire/ --
- Despite some unfavorable factors such as the supply shortage of
certain parts including semiconductors and an increase in raw
material costs, consolidated operating profit for the fiscal first
half (6 months) ended September 30,
2021 amounted to 442.1 billion
yen, a year-on-year increase by 272.9
billion yen compared to the same period last year which was
heavily impacted by the COVID-19 pandemic. This was due primarily
to the positive effect of increased unit sales, cost reduction
efforts and favorable currency effects.
- Consolidated profit for the first half (6 months) attributable
to owners of the parent amounted to 389.2
billion yen, a year-on-year increase by 229.1 billion yen, due mainly to an increase in
the share of profit of investments accounted for using the equity
method.
- Honda is expecting that the external business environment will
remain challenging during this fiscal year due primarily to the
resurgence of COVID-19, the supply shortage of certain parts
including semiconductors and an increase in raw material prices.
Based on this assumption, Honda plans to achieve fiscal year
operating profit of 660 billion yen,
which is equivalent to that of the previous fiscal year, through
continuous efforts to improve profitability including the control
of selling, general and administrative (SG&A) expenses and
reduction of costs.
- The plan for profit for the year attributable to owners of the
parent was revised to 555.0 billion
yen.
- The interim dividend was 55 yen
per share, and the forecast for total dividends to be paid for the
fiscal year ending March 31, 2022
(FY22) is 110 yen per share.
I. Consolidated financial summary for the first
half (6 months) ended September 30,
2021
- Sales revenue: 6,988.2 billion
yen (a year-on-year increase of 21.0%)
Increase due to higher sales revenue from all businesses.
- Operating profit: 442.1 billion
yen (a year-on-year increase of 161.2%)
Increase due primarily to higher profit related to changes in sales
volume and model mix.
- Profit for the period attributable to owners of the parent:
389.2 billion yen
(a
year-on-year increase of 143.2%)
II. Consolidated financial summary and
business-by-business results for the fiscal second quarter (3
months) ended September 30,
2021
- Sales revenue: 3,404.3 billion
yen (a year-on-year decrease of 6.8%)
Decrease due primarily to a decrease in sales revenue from
automobile businesses.
- Operating profit: 198.9 billion
yen (a year-on-year decrease of 29.7%)
Decrease due primarily to a decrease in profit related to changes
in sales volume and model mix.
- Profit for the period attributable to owners of the parent:
166.6 billion yen
(a
year-on-year decrease of 30.8%)
1) Motorcycle
business
Sales revenue: 505.5
billion yen (a year-on-year increase of
12.4 billion yen)
Although sales decreased in Asia,
sales revenue experienced a year-on-year increase due primarily to
favorable currency effects.
Operating profit: 67.4 billion yen (a year-on-year
decrease of 1.0 billion yen).
Decrease due primarily to a decrease in profit related to changes
in sales revenue and model mix.
2) Automobile
business
Sales revenue: 2,182.4
billion yen (a year-on-year decrease of 284.6 billion yen)
Decrease due primarily to a decrease in sales mainly in North
America.
Operating profit: 46.4 billion yen (a year-on-year
decrease of 78.9 billion yen)
Decrease due primarily to a decrease in unit sales as a result of
the supply shortage of certain parts, including semiconductors.
Combined with operating profit
from financial services business related to automobile sales, the
estimated operating profit for automobile business is 127.7 billion yen.
3) Financial
Services business
Operating profit: 84.5 billion yen (a year-on-year
decrease of 8.7 billion yen)
Decrease due primarily to a year-on-year difference in the amount
of the provision for credit losses recorded.
4) Life Creation
(power products) and Other businesses
Operating profit:
0.5 billion yen (a year-on-year
increase of 4.7 billion yen)
Aircraft/aircraft engine business, which is included in "Other
businesses," accounted for an operating loss of 7.2 billion yen.
III. Forecasts for the Fiscal Year Ending
March 31, 2022 (FY22)
- Honda is expecting that the external business environment will
remain challenging during this fiscal year due primarily to the
resurgence of COVID-19, the supply shortage of certain parts
including semiconductors and an increase in raw material costs.
Based on this assumption, Honda plans to achieve fiscal year
operating profit of 660 billion yen,
which is equivalent to that of the previous fiscal year, through
continuous efforts to improve profitability including the control
of selling, general and administrative (SG&A) expenses and
reduction of costs.
- The plan for profit for the fiscal year attributable to owners
of the parent was revised to 555.0 billion
yen.
Consolidated Financial Results for the Fiscal 2nd Quarter
Ended September 30, 2021
|
|
2nd
quarter
ended
Sep. 30,
2020
(3 months
period)
|
2nd
quarter
ended
Sep. 30,
2021
(3 months
period)
|
Difference
|
Honda
Group
Unit
Sales*1
(million
units)
|
Motorcycles
|
4.467
|
4.294
|
-0.173
|
Automobiles*3
|
1.253
|
0.917
|
-0.336
|
Life
Creation
|
1.370
|
1.522
|
+0.152
|
Consolidated
Unit
Sales*2
(million
units)
|
Motorcycles
|
3.023
|
2.695
|
-0.328
|
Automobiles*3
|
0.753
|
0.574
|
-0.179
|
Life
Creation
|
1.370
|
1.522
|
+0.152
|
Financial
Results
(billion
yen)
|
Sales
revenue
|
3,651.3
|
3,404.3
|
-247.0
|
Operating
profit
|
282.9
|
198.9
|
-83.9
|
Share of profit of
investments
accounted for using the equity
method
|
62.3
|
51.3
|
-10.9
|
Profit before income
taxes
|
345.7
|
249.0
|
-96.6
|
Profit for the
period
attributable to
owners of the
parent
|
240.9
|
166.6
|
-74.2
|
Honda's
Average
Rate
(yen)
|
USD=
|
106
|
110
|
JPY depreciated
against the USD
by 4 yen/dollar
|
Consolidated Financial Results for the Fiscal First Half
Ended September 30, 2021
|
|
Fiscal first half
ended Sep. 30,
2020
(6 months
period)
|
Fiscal first half
ended Sep. 30,
2021
(6 months
period)
|
Difference
|
Honda
Group
Unit
Sales*1
(million
units)
|
Motorcycles
|
6.322
|
8.173
|
+1.851
|
Automobiles*3
|
2.045
|
1.915
|
-0.130
|
Life
Creation
|
2.453
|
3.230
|
+0.777
|
Consolidated
Unit
Sales*2
(million
units)
|
Motorcycles
|
4.244
|
5.087
|
+0.843
|
Automobiles*3
|
1.090
|
1.182
|
+0.092
|
Life
Creation
|
2.453
|
3.230
|
+0.777
|
Financial
Results
(billion
yen)
|
Sales
revenue
|
5,775.1
|
6,988.2
|
+1,213.0
|
Operating
profit
|
169.2
|
442.1
|
+272.9
|
Share of profit of
investments
accounted for using the
equity method
|
102.2
|
107.2
|
+4.9
|
Profit before income
taxes
|
272.2
|
560.3
|
+288.1
|
Profit for the
period
attributable to
owners of the
parent
|
160.0
|
389.2
|
+229.1
|
Interim dividend per
share (yen)
|
30*4
|
55
|
+25
|
Honda's
Average
Rate
(yen)
|
USD=
|
107
|
110
|
JPY depreciated
against the USD
by 3 yen/dollar
|
|
|
|
|
Forecasts for the Fiscal Year Ending March 31, 2022 (FY22)
|
|
FY21
results
|
Previous
FY22
forecasts
(2021/8/4)
|
Revised
FY22
forecasts
(2021/11/5)
|
Difference
compared
to
FY21
results
|
Difference
compared
to previous
forecasts
|
Honda
Group
Unit
Sales*1
(million
units)
|
Motorcycles
|
15.132
|
17.400
|
17.500
|
+2.368
|
+0.100
|
Automobiles*3
|
4.546
|
4.850
|
4.200
|
-0.346
|
-0.650
|
Life
Creation
|
5.623
|
6.300
|
6.100
|
+0.477
|
-0.200
|
Consolidated
Unit
Sales*2
(million
units)
|
Motorcycles
|
10.264
|
11.130
|
11.040
|
+0.776
|
-0.090
|
Automobiles*3
|
2.617
|
2.940
|
2.525
|
-0.092
|
-0.415
|
Life
Creation
|
5.623
|
6.300
|
6.100
|
+0.477
|
-0.200
|
Financial
Results
(billion
yen)
|
Sales
revenue
|
13,170.5
|
15,450.0
|
14,600.0
|
+1,429.4
|
-850.0
|
Operating
profit
|
660.2
|
780.0
|
660.0
|
-0.2
|
-120.0
|
Share of profit
of
investments accounted for
using the equity method
|
272.7
|
220.0
|
200.0
|
-72.7
|
-20.0
|
Profit before income
taxes
|
914.0
|
1,000.0
|
860.0
|
-54.0
|
-140.0
|
Profit for the
year
attributable to
owners of
the parent
|
657.4
|
6,70.0
|
555.0
|
-102.4
|
-115.0
|
Annual dividend per
share (yen)
|
110
|
110
|
110
|
―
|
―
|
Honda's
Average
Rate
(yen)
|
USD=
|
106
|
106
|
110
|
JPY to
depreciate
against the
USD by 4 yen/dollar
|
JPY to
depreciate
against the
USD by 4
yen/dollar
|
*1
|
Honda Group Unit
Sales is the total unit sales of 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 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
and others by our Japanese finance subsidiaries and provided
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.
|
|
|
*4
|
Until the end of the
previous fiscal year ended March 31, 2021(FY21), Honda was paying
dividends on a quarterly basis, therefore, the amount shown in the
chart is a sum of dividends paid for the fiscal first and second
quarters of the FY21.
|
For Additional Information, please visit;
https://global.honda/investors/library/financialresult.html
View original
content:https://www.prnewswire.com/news-releases/honda-motor-co-ltd-hmcnyse-announced-its-consolidated-financial-summary-for-the-fiscal-2nd-quarter-ended-september-30-2021-and-forecasts-for-the-fiscal-year-ending-march-31-2022-301417449.html
SOURCE Honda Motor Co., Ltd.