Honda Motor Co., Ltd. Reports Consolidated Financial Results For
The Fiscal Third Quarter Ended December 31, 2012
TOKYO, Jan. 31, 2013 /PRNewswire/ -- Honda Motor
Co., Ltd. (HMC; NYSE) today announced its consolidated financial
results for the fiscal third quarter ended December 31, 2012.
Third Quarter Results
Honda's consolidated net income attributable to Honda Motor Co.,
Ltd. for the fiscal third quarter ended December 31, 2012 totaled JPY 77.4 billion (USD 894
million), an increase of 62.5% from the same period last
year. Basic net income attributable to Honda Motor Co., Ltd. per
common share for the quarter amounted to JPY
42.97 (USD 0.50), an increase
of JPY 16.52 (USD 0.19) from JPY
26.45 for the corresponding period last year. One Honda
American Depository Share represents one common share.
Consolidated net sales and other operating revenue for the
quarter amounted to JPY 2,425.7
billion (USD 28,018 million),
an increase of 24.9% from the same period last year, due primarily
to increased revenue in automobile business operations as
production has recovered from the impact of the Thai flood.
Consolidated operating income for the quarter amounted to
JPY 131.9 billion (USD 1,524 million), an increase of 197.8% from
the same period last year, due primarily to an increase in sales
volume and model mix and cost reduction, despite increased SG&A
and R&D expenses.
Equity in income of affiliates amounted to JPY 21.4 billion (USD 247
million) for the quarter, a decrease of 6.5% from the
corresponding period last year.
Business Segment
In automobile business operation, revenue increased 32.0%, to
JPY 1,915.5 billion (USD 22,125 million) from the same period last
year. Operating income totaled JPY 70.9
billion (USD 819 million), an
increase of JPY 87.9 billion
(USD 1,016 million) from the same
period last year.
In motorcycle business operation, revenue increased 1.7%, to
JPY 307.8 billion (USD 3,555 million) from the same period last
year. Operating income totaled JPY 22.8
billion (USD 263 million), a
decrease of 11.8% from the same period last year.
In financial services business operation, revenue increased 8.4%
to JPY 135.3 billion (USD 1,563 million) from the same period last
year. Operating income increased 1.4% to 38.1 billion (USD 440 million) from the same period last
year.
In power product and other businesses operation, revenue
increased 4.7% to JPY67.0 billion
(USD 775 million) from the same
period last year. Operating income increased by JPY 2.2 billion (USD 26
million) to JPY 76 million
(USD 1 million) from the same period
last year.
Forecasts for the Fiscal Year Ending March 31, 2013
In regard to the forecasts of the financial results for the
fiscal year ending March 31, 2013,
Honda projects consolidated results to be as shown below:
Fiscal year ending March 31,
2013
|
Yen
(billions)
|
Changes
from FY 2012
|
Net sales and other operating revenue
|
9,800
|
+
23.3%
|
Operating income
|
520
|
+
124.8%
|
Net income
|
370
|
+
75.0%
|
|
Yen
|
|
Basic net income per common share
|
205.29
|
|
Dividend per Share of Common Stock for fiscal years 2012 and
2013
The Board of Directors of Honda Motor Co., Ltd., at its meeting
held on January 31, 2013, resolved to
make the quarterly dividend JPY 19
per share of common stock, the record date of which is December 31, 2012. The total expected annual
dividend per share of common stock for the fiscal year ending
March 31, 2013, is JPY 76 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 Honda's actual results could
differ materially from those described in these forward-looking
statements as a result of numerous factors, including general
economic conditions in Honda's principal markets and foreign
exchange rates between the Japanese yen and the U.S. dollar, the
Euro and other major currencies, as well as other factors detailed
from time to time.
For Additional Information, Please visit;
http://world.honda.com/investors/library/financialresult/
SOURCE Honda Motor Co., Ltd.