TOKYO, Feb. 9, 2022 /PRNewswire/ --
- Despite some unfavorable factors such as a decrease in
automobile unit sales due to the supply shortage of certain parts
including semiconductors and an increase in raw material cost,
consolidated operating profit for the fiscal nine months amounted
to 671.6 billion yen, a year-on-year
increase by 224.6 billion yen, due
primarily to cost reductions, control of incentives and favorable
currency effects.
- Consolidated profit for the fiscal nine months attributable to
owners of the parent amounted to 582.1
billion yen, a year-on-year increase by 138.0 billion yen.
- The previously announced forecast for consolidated operating
profit for the current fiscal year (April 1,
2021 through March 31, 2022)
was revised upward by 140 billion yen
to 800 billion yen.
- The previously announced forecast for profit for the fiscal
year attributable to owners of the parent was revised upward by
115 billion yen to 670 billion yen, a year-on-year
increase.
I. Consolidated financial summary and
business-by-business results for the fiscal nine months ended
December 31, 2021
- Sales revenue: 10,677.0 billion
yen (a year-on-year increase of 11.8%)
Increase due to higher sales revenue from all businesses.
- Operating profit: 671.6 billion
yen (a year-on-year increase of 50.3%)
Increase due primarily to favorable currency effects and higher
profit related to changes in sales revenue and model mix.
- Profit for the period attributable to owners of the
parent: 582.1 billion yen (a
year-on-year increase of 31.1%)
1) Motorcycle business
- Sales revenue: 1,602.0 billion
yen (a year-on-year increase of 343.9 billion yen)
Increase due primarily to a sales increase in Brazil.
- Operating profit: 232.3 billion
yen (a year-on-year increase of 80.0 billion yen).
Increase due primarily to an increase in profit related to changes
in sales revenue and model mix.
2) Automobile business
Sales revenue: 6,823.6 billion yen (a year-on-year increase
of 462.7 billion yen)
Although sales decreased in North
America, sales revenue experienced a year-on-year increase
due primarily to an increase in sales in Asia and favorable currency effects.
Operating profit: 188.5 billion yen (a year-on-year
increase of 135.9 billion yen)
Increase was due primarily to the control of selling, general and
administrative (SG&A) expenses.
Combined with operating profit
from financial services business related to automobile sales, the
estimated operating profit for automobile business is 437.2 billion yen.
3) Financial Services business
Operating profit: 258.1 billion yen (a year-on-year
increase of 7.5 billion yen)
Increase due primarily to an increase in profit due to higher
revenue.
4) Life Creation (power products) and Other
businesses
Operating loss: 7.4 billion yen (a year-on-year improvement
of 1.1 billion yen)
Aircraft/aircraft engine business, which is included in "Other
businesses," accounted for an operating loss of 23.6 billion yen.
II. Forecasts for the Fiscal Year Ending
March 31, 2022(FY22)
- Honda is expecting that the external business environment will
remain challenging due primarily to the resurgence of COVID-19, the
supply shortage of certain parts including semiconductors and a
further increase in raw material cost. Despite this assumption,
Honda made an upward revision to the previously announced
forecast for consolidated operating profit for FY22 to
800 billion yen, an increase
by 140 billion yen, reflecting
its continuous efforts to improve profitability including the
control of selling, general and administrative (SG&A) expenses
and incentives.
- The previously announced forecast for profit for the fiscal
year attributable to owners of the parent was revised upward
by 115 billion yen to 670 billion yen.
Consolidated Financial Results for the Fiscal Nine
Months
|
|
Fiscal nine
months
ended
Dec. 31,
2020
(9 months
period)
|
Fiscal nine
months
ended
Dec. 31,
2021
(9 months
period)
|
Difference
|
Honda
Group
Unit
Sales*1
(million
units)
|
Motorcycles
|
10.591
|
12.775
|
+2.184
|
Automobiles*3
|
3.425
|
3.000
|
-0.425
|
Life
Creation
|
3.855
|
4.500
|
+0.645
|
Consolidated
Unit
Sales*2
(million
units)
|
Motorcycles
|
7.263
|
7.964
|
+0.701
|
Automobiles*3
|
1.899
|
1.792
|
-0.107
|
Life
Creation
|
3.855
|
4.500
|
+0.645
|
Financial
Results
(billion
yen)
|
Sales
revenue
|
9,546.7
|
10,677.0
|
+1,130.3
|
Operating
profit
|
447.0
|
671.6
|
+224.6
|
Share of profit of
investments accounted for
using the equity method
|
204.5
|
157.0
|
-47.5
|
Profit before income
taxes
|
658.7
|
845.2
|
+186.5
|
Profit for the
period
attributable to
owners of the
parent
|
444.1
|
582.1
|
+138.0
|
Honda's
Average
Rate (yen)
|
USD=
|
106
|
111
|
JPY depreciated
against the USD
by 5 yen/dollar
|
Forecasts for the Fiscal Year Ending March 31, 2022 (FY22)
|
|
FY21
results
|
Previous
FY22
forecasts
(2021/11/5)
|
Revised
FY22
forecasts
(2022/2/9)
|
Difference
compared
to
FY21
results
|
Difference
compared
to previous
forecasts
|
Honda
Group
Unit
Sales*1
(million
units)
|
Motorcycles
|
15.132
|
17.500
|
17.040
|
+1.908
|
-0.460
|
Automobiles*3
|
4.546
|
4.200
|
4.200
|
-0.346
|
―
|
Life
Creation
|
5.623
|
6.100
|
5.950
|
+0.327
|
-0.150
|
Consolidated
Unit
Sales*2
(million
units)
|
Motorcycles
|
10.264
|
11.040
|
10.695
|
+0.431
|
-0.345
|
Automobiles*3
|
2.617
|
2.525
|
2.465
|
-0.152
|
-0.060
|
Life
Creation
|
5.623
|
6.100
|
5.950
|
+0.327
|
-0.150
|
Financial
Results/
Forecasts
(billion
yen)
|
Sales
revenue
|
13,170.5
|
14,600.0
|
14,550.0
|
+1,379.4
|
-50.0
|
Operating
profit
|
660.2
|
660.0
|
800.0
|
+139.7
|
+140.0
|
Share of profit of
investments
accounted for using
the equity method
|
272.7
|
200.0
|
210.0
|
-62.7
|
+10.0
|
Profit before income
taxes
|
914.0
|
860.0
|
1,020.0
|
+105.9
|
+160.0
|
Profit for the
year
attributable to
owners of the
parent
|
657.4
|
555.0
|
670.0
|
+12.5
|
+115.0
|
Annual dividend per
share (yen)
|
110
|
110
|
110
|
--
|
--
|
Honda's
Average
Rate (yen)
|
USD=
|
106
|
110
|
111
|
JPY to
depreciate
against the
USD by 5
yen/dollar
|
JPY to
depreciate
against the
USD by 1
yen/dollar
|
<Supplemental data>
Consolidated Financial
Results for the Fiscal 3rd Quarter
|
|
3rd
quarter
ended
Dec. 31,
2020
(3 months
period)
|
3rd
quarter
ended
Dec. 31,
2021
(3 months
period)
|
Difference
|
Honda
Group
Unit
Sales*1
(million
units)
|
Motorcycles
|
4.269
|
4.602
|
+0.333
|
Automobiles*3
|
1.380
|
1.085
|
-0.295
|
Life
Creation
|
1.402
|
1.270
|
-0.132
|
Consolidated
Unit
Sales*2
(million
units)
|
Motorcycles
|
3.019
|
2.877
|
-0.142
|
Automobiles*3
|
0.809
|
0.610
|
-0.199
|
Life
Creation
|
1.402
|
1.270
|
-0.132
|
Financial
Results
(billion
yen)
|
Sales
revenue
|
3,771.5
|
3,688.7
|
-82.7
|
Operating
profit
|
277.7
|
229.4
|
-48.2
|
Share of profit of
investments accounted for
using the equity method
|
102.2
|
49.7
|
-52.4
|
Profit before income
taxes
|
386.4
|
284.8
|
-101.5
|
Profit for the
period
attributable to
owners of the
parent
|
284.0
|
192.9
|
-91.0
|
Honda's
Average
Rate (yen)
|
USD=
|
104
|
114
|
JPY depreciated
against the USD
by 10 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 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.
For Additional Information, please visit;
https://global.honda/investors/library/financialresult.html
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SOURCE Honda Motor Co., Ltd.