TOKYO, May 8, 2019 /PRNewswire/ -- Honda Motor Co.,
Ltd. (HMC;NYSE) announced its consolidated financial results for
the fiscal year and the fiscal fourth quarter ended March 31, 2019.
Consolidated sales revenue for the fiscal year (April 1, 2018 through March 31, 2019) amounted to 15,888.6 billion yen, an increase of 3.4%
compared to the previous fiscal year and an all-time fiscal year
record, due primarily to an increase in sales revenue from all
businesses. Consolidated operating profit for the fiscal year
amounted to 726.3 billion yen, a
decrease of 12.9% compared to the previous fiscal year, due
primarily to the impact to Europe
related to changes of the global automobile production network and
capability as well as unfavorable currency effects. This was
despite an increase in motorcycle sales in Asia, cost reduction efforts and the loss
related to the settlement of class action litigation recorded in
the previous fiscal year. Consolidated profit before income taxes
for the fiscal year amounted to 979.3
billion yen, a decrease of 12.2% compared to the previous
fiscal year. Consolidated profit for the fiscal year
attributable to owners of the parent amounted to 610.3 billion yen, a decrease of 42.4% compared
to the previous fiscal year, due primarily to the reverse effect
from the impact of a reduction of corporate tax rates in the U.S.
(346.1 billion yen)*1
recorded in the previous fiscal year.
Consolidated sales revenue for the fiscal fourth quarter
(January 1, 2019 through March 31, 2019) amounted to 4,049.1 billion yen, an increase of 3.4% compared
to the same period last year, due primarily to an increase in sales
revenue from automobile and financial services businesses.
Consolidated operating profit for the fiscal fourth quarter
amounted to 42.3 billion yen, a
decrease of 66.6% compared to the same period last year, due
primarily to the impact to Europe
related to changes of the global automobile production network and
capability as well as unfavorable currency effects. This was
despite the positive effect of cost reduction efforts. Consolidated
profit before income taxes for the fiscal fourth quarter amounted
to 111.1 billion yen, a decrease of
41.7% compared to the same period last year. Consolidated loss for
the fiscal fourth quarter attributable to owners of the parent
amounted to 13.0 billion yen,
resulting in a decrease in profit by 120.7
billion yen compared to the same period last year.
The quarterly dividend for the fiscal fourth quarter will be
28 yen per share, an increase of
1 yen per share compared to the same
period last year. The total dividends to be paid for the fiscal
year ended March 31, 2019 will be
111 yen per share, an increase of
11 yen per share compared to the
previous fiscal year.
Consolidated
Financial Results for the Fiscal Year Ended March 31, 2019
(FY19)
|
|
|
|
FY18
results
|
Previously
announced FY19
forecasts
(Feb. 1,
2018)
|
FY19
results
|
Difference
compared to
FY18 results
|
Difference
compared to
previously
announced
forecasts
|
Honda Group
Unit Sales*2
(million units)
|
Motorcycles
|
19.554
|
20.400
|
20.238
|
+0.684
|
-0.162
|
Automobiles*4
|
5.199
|
5.285
|
5.323
|
+0.124
|
+0.038
|
Power
Products
|
6.262
|
6.240
|
6.301
|
+0.039
|
+0.061
|
Consolidated
Unit
Sales*3
(million
units)
|
Motorcycles
|
12.954
|
13.395
|
13.215
|
+0.261
|
-0.180
|
Automobiles*4
|
3.689
|
3.745
|
3.748
|
+0.059
|
+0.003
|
Power
Products
|
6.262
|
6.240
|
6.301
|
+0.039
|
+0.061
|
Financial
Results
(billion yen)
|
Sales
revenue
|
15,361.1
|
15,850.0
|
15,888.6
|
+527.4
|
+38.6
|
Operating
profit
|
833.5
|
790.0
|
726.3
|
-107.1
|
-63.6
|
Share of profit
of
investments accounted for
using the equity method
|
247.6
|
215.0
|
228.8
|
-18.8
|
+13.8
|
Profit before income
taxes
|
1,114.9
|
1,010.0
|
979.3
|
-135.5
|
-30.6
|
Profit for the
year
attributable to
owners of
the parent
|
1,059.3
|
695.0
|
610.3
|
-449.0
|
-84.6
|
Annual dividend per
share (yen)
|
100
|
111
|
111
|
+11
|
-
|
Honda's
Average
Rate (yen)
|
USD=
|
111
|
111
|
111
|
Down
by 0 yen
|
Down
by 0 yen
|
|
|
|
|
|
|
Consolidated
Financial Results for the Fiscal 4th Quarter
|
|
|
|
4th
quarter
ended
Mar. 31,
2018
(3 months
period)
|
4th quarter
ended
Mar. 31,
2019
(3 months
period)
|
Difference
|
Honda Group
Unit Sales*2
(million units)
|
Motorcycles
|
4.747
|
4.558
|
-0.189
|
Automobiles*4
|
1.296
|
1.364
|
+0.068
|
Power
Products
|
2.477
|
2.347
|
-0.130
|
Consolidated
Unit
Sales*3
(million
units)
|
Motorcycles
|
3.167
|
2.837
|
-0.330
|
Automobiles*4
|
0.950
|
0.979
|
+0.029
|
Power
Products
|
2.477
|
2.347
|
-0.130
|
Financial
Results
(billion yen)
|
Sales
revenue
|
3,914.7
|
4,049.1
|
+134.3
|
Operating
profit
|
126.8
|
42.3
|
-84.4
|
Share of profit
of
investments accounted for
using the equity method
|
57.9
|
59.1
|
+1.2
|
Profit before income
taxes
|
190.4
|
111.1
|
-79.3
|
Profit for the
period
attributable to owners of
the parent
|
107.7
|
-13.0
|
-120.7
|
Quarterly dividend
per share (yen)
|
27
|
28
|
+1
|
Honda's
Average
Rate (yen)
|
USD=
|
108
|
110
|
Down
by 2 yen
|
|
|
|
|
Forecasts for the
Fiscal Year Ending March 31, 2020 (FY20)
|
|
|
|
FY19
results
|
FY20
forecasts
(May 8,
2019)
|
Difference
|
Honda Group
Unit Sales*2
(million units)
|
Motorcycles
|
20.238
|
20.250
|
+0.012
|
Automobiles*4
|
5.323
|
5.160
|
-0.163
|
Life
Creation*5
|
6.301
|
6.390
|
+0.089
|
Consolidated
Unit
Sales*3
(million
units)
|
Motorcycles
|
13.215
|
13.100
|
-0.115
|
Automobiles*4
|
3.748
|
3.545
|
-0.203
|
Life
Creation*5
|
6.301
|
6.390
|
+0.089
|
Financial
Results/
Forecasts
(billion yen)
|
Sales
revenue
|
15,888.6
|
15,700.0
|
-188.6
|
Operating
profit
|
726.3
|
770.0
|
+43.6
|
Share of profit of
investments accounted for using the equity method
|
228.8
|
220.0
|
-8.8
|
Profit before income
taxes
|
979.3
|
995.0
|
+15.6
|
Profit for the
year attributable to owners of the
parent
|
610.3
|
665.0
|
+54.6
|
Annual dividend per
share (yen)
|
111
|
112
|
+1
|
Honda's
Average
Rate (yen)
|
USD=
|
111
|
110
|
Up
by 1 yen
|
|
|
|
|
|
*1 Impact of the
re-measurement of deferred tax assets/liabilities of consolidated
subsidiaries based on the reduction of corporate tax rates in the
U.S.
|
|
*2 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.
|
|
*3 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.
|
|
*4 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.
|
|
*5 Power Products
business unit was renamed as Life Creation business as of April 1,
2019
|
For Additional Information, please visit:
https://global.honda/investors/library/financialresult.html
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SOURCE Honda Motor Co., Ltd.