Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 8 November 2019, 14:09 HKT/SGT
Share:
    

Source: Honda
Honda Releases Consolidated Financial Summary for the Fiscal 2nd Quarter Ended September 30, 2019

TOKYO, Nov 8, 2019 - (JCN Newswire) - Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal second quarter ended September 30, 2019.

Consolidated sales revenue for the fiscal second quarter (July 1, 2019 through September 30, 2019) amounted to 3,729.1 billion yen, a decrease of 2.9% compared to the same period last year, due primarily to November 8, 2019 a decrease in sales revenue such as automobile and motorcycle businesses, as well as unfavorable foreign currency translation effects. This was despite an increase in sales revenue from the financial services business.

Consolidated operating profit for the fiscal second quarter amounted to 220.1 billion yen, an increase of 2.6% compared to the same period last year, due primarily to a decrease in selling, general and administrative (SG&A) expenses that included quality-related expenses as well as cost reduction efforts. This was despite a decrease in profit related to changes in sales volume and model mix resulting from a decrease in motorcycle and automobile unit sales due to the slowdown of the Indian market.

Consolidated profit before income taxes for the fiscal second quarter amounted to 289.6 billion yen, an increase of 2.3% compared to the same period last year. Consolidated profit for the fiscal second quarter attributable to owners of the parent amounted to 196.5 billion yen, a decrease of 6.7% compared to the same period last year, due primarily to an increase in income tax expenses.

Consolidated financial results for the fiscal first half (April 1, 2019, through September 30, 2019) were as follows: consolidated sales revenue amounted to 7,725.3 billion yen, consolidated operating profit amounted to 472.6 billion yen, consolidated profit before income taxes amounted to 579.4 billion yen and consolidated profit for the fiscal first-half attributable to owners of the parent amounted to 368.8 billion yen.

The previously announced forecast for consolidated operating profit for the current fiscal year (April 1, 2019, through March 31, 2020) was revised downward by 80.0 billion yen to 690.0 billion yen, primarily to reflect unfavorable currency effects. Honda will continue to make steady progress in the improvement of profitability and strives to establish a business structure that generates profit equivalent to or more than that of the previous fiscal year.

The quarterly dividend for the fiscal second quarter will be 28 yen per share, and total dividends to be paid for the fiscal year ending March 31, 2020, are expected to be 112 yen per share (an increase of 1 yen per share compared to the previous fiscal year).

For the full report visit https://bit.ly/2X48s4F.


About Honda

Honda Motor Co., Ltd. (TSE:7267 / NYSE:HMC / LSE:HNDA) is one of the leading manufacturers of automobiles and power products and the largest manufacture of motorcycles in the world. Honda has always sought to provide genuine satisfaction to people worldwide. The result is more than 120 manufacturing facilities in 30 countries worldwide, producing a wide range of products, including motorcycles, ATVs, generators, marine engines, lawn and garden equipment and automobiles that bring the company into contact with over 19 million customers annually.

For more information, please visit http://world.honda.com.

Contact:
Honda
Media Inquiries
[email protected]
+81-3-5412-1512


Nov 8, 2019 14:09 HKT/SGT
Source: Honda

Topic: Press release summary
Sectors: Automotive
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Honda Links

http://www.honda.com

https://plus.google.com/110355594819754396833

https://www.facebook.com/HondaJP

https://twitter.com/HondaJP

https://www.youtube.com/user/HondaJPPR

https://ph.linkedin.com/company/honda-motor-co-ltd-

Honda
Oct 30, 2019 18:09 HKT/SGT
Honda Sets First Half of Fiscal Year Records for Automobile Production Worldwide and in China
Oct 23, 2019 10:29 HKT/SGT
Honda Unveils the World Premiere of All-new Fit at the 46th Tokyo Motor Show 2019
Oct 23, 2019 10:24 HKT/SGT
Honda to Evolve its Original High-Efficiency Electrification Technologies as "Honda e:TECHNOLOGY"
Oct 18, 2019 14:46 HKT/SGT
Overview of Honda Exhibits at the 26th ITS World Congress 2019 in Singapore
Oct 7, 2019 17:08 HKT/SGT
Honda Acquires Drivemode, Developer of Smartphone Apps for Drivers
Sept 27, 2019 17:09 HKT/SGT
Honda Sets Monthly Records for Automobile Production in China
Sept 27, 2019 11:25 HKT/SGT
Honda Added to the Dow Jones Sustainability World Index
Sept 26, 2019 15:05 HKT/SGT
Overview of Honda Exhibits at the 46th Tokyo Motor Show 2019
Sept 20, 2019 14:48 HKT/SGT
The Honda Prize 2019 Awarded to Dr. Geoffrey Hinton, Professor Emeritus, the University of Toronto and Chief Scientific Adviser, Vector Institute
Sept 19, 2019 19:20 HKT/SGT
Honda's Cumulative Worldwide Power Products Production Reaches 150 million Units
More news >>
 News Alerts
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6859 8575

Connect With us: