May 13, 2022
HONDA MOTOR CO., LTD. REPORTS
CONSOLIDATED FINANCIAL
RESULTS
FOR THE FISCAL FOURTH QUARTER AND
THE
FISCAL YEAR ENDED MARCH 31, 2022
Tokyo, May 13, 2022 Honda Motor Co., Ltd. today announced its consolidated financial results for
the fiscal fourth quarter and the fiscal year ended March 31, 2022.
Fiscal Year Results
Despite shifting to a recovery trend, the economic environment surrounding the Company, its consolidated subsidiaries and its affiliates and joint ventures
accounted for using the equity method in the fiscal year ended March 31, 2022, continued to be difficult due to the impact of semiconductor supply shortage, and increases in raw material costs, among other factors.
Regarding the spread coronavirus disease 2019 (COVID-19), resulting from travel restriction measures by government,
Hondas production bases in Japan and overseas were also affected by suspended or reduced production mainly due to restrictions on employees commute to the workplaces and delays in the supply of parts within the supply chain. Some dealers
in Japan and overseas were obliged to suspend business, shorten business hours, or reduce services such as inspections and repairs. As of the date of this report, Honda has been largely resuming its business activities and there is no significant
impact on its businesses in major countries or regions.
Hondas consolidated sales revenue for the fiscal year ended March 31, 2022 increased
by 10.5%, to JPY 14,552.6 billion from the fiscal year ended March 31, 2021, due mainly to increased sales revenue in Motorcycle business and Financial services business operations as well as positive foreign currency translation effects.
Operating profit increased by 32.0%, to JPY 871.2 billion from the previous fiscal year, due mainly to an increase in profit attributable to sales impacts as well as positive foreign currency effects, which was partially offset by a decrease in
profit attributable to price and cost impacts. Profit before income taxes increased by 17.1%, to JPY 1,070.1 billion from the previous fiscal year. Profit for the year attributable to owners of the parent increased by 7.6%, to JPY
707.0 billion from the previous fiscal year.
Earnings per share attributable to owners of the parent for the year amounted to JPY 411.09, an
increase of JPY 30.34 from the previous fiscal year. One Honda American Depository Share represents one common share.
Fourth Quarter Results
Consolidated sales revenue for the three months ended March 31, 2022 increased by 7.0%, to JPY 3,875.6 billion from the same period last
year, due mainly to positive foreign currency translation effects, which was partially offset by decreased sales revenue in Automobile business operations. Operating profit decreased by 6.4%, to JPY 199.5 billion from the same period last year,
due mainly to a decrease in profit attributable to price and cost impacts, which was partially offset by positive foreign currency effects. Profit before income taxes decreased by 11.9%, to JPY 224.9 billion from the same period last year.
Profit for the period attributable to owners of the parent decreased by 41.5%, to JPY 124.8 billion from the same period last year.
Earnings per
share attributable to owners of the parent for the quarter amounted to JPY 73.02, a decrease of JPY 50.53 from the corresponding period last year.
1