Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 2 August 2019, 15:00 HKT/SGT
Share:
    

Source: Honda
Honda Reports Consolidated Financial Summary for Fiscal Q1 Ended June 30, 2019

TOKYO, Aug 2, 2019 - (JCN Newswire) - Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first quarter ended June 30, 2019. Consolidated sales revenue for the fiscal first quarter (April 1, 2019 through June 30, 2019) amounted to 3,996.2 billion yen, a decrease of 0.7% compared to the same period last year, due primarily to a decrease in sales revenue such as automobile and motorcycle businesses as well as unfavorable foreign currency effects. This was despite an increase in sales revenue from financial services business.

Consolidated operating profit for the fiscal first quarter amounted to 252.4 billion yen, a decrease of 15.7% compared to the same period last year, due primarily to an increase in selling, general and administrative (SG&A) expenses, a decrease in profit related to changes in sales volume and model mix resulting from a decrease in automobile unit sales in U.S. and a decrease in motorcycle and automobile unit sales due to the slowdown of the Indian market, as well as unfavorable foreign currency effects. This was despite cost reduction efforts.

Consolidated profit before income taxes for the fiscal first quarter amounted to 289.8 billion yen, a decrease of 19.1% compared to the same period last year.

Consolidated profit for the fiscal first quarter attributable to owners of the parent amounted to 172.3 billion yen, a decrease of 29.5% compared to the same period last year, due to a change in the amount of profit before income taxes and an increase in income tax expenses based on regulations issued in relation to the Tax Cuts and Jobs Act in the U.S.

The previously announced forecast for consolidated sales revenue for the current fiscal year (April 1, 2019 through March 31, 2020) was revised downward by 50.0 billion yen to 15,650.0 billion yen, mainly to reflect the downward revision of the forecast for automobile unit sales in India. Despite the downward revision of the forecast for automobile unit sales in light of uncertainties in emerging markets, the forecast for operating profit remains the same, 770.0 billion yen, due to an increase in the forecast of motorcycle unit sales in some countries such as Vietnam and the further improvement in the business structure. The forecast for profit for the current fiscal year attributable to owners of the parent was revised downward by 20.0 billion yen, to 645.0 billion yen, due to an increase in income tax expenses recorded during the fiscal first quarter.

The quarterly dividend for the fiscal first quarter will be 28 yen per share (an increase of 1 yen per share compared to the same period last year), 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).


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


Aug 2, 2019 15:00 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
Dec 11, 2019 10:50 HKT/SGT
Honda Aircraft Company Begins Deliveries of HondaJet Elite to China
Nov 25, 2019 17:08 HKT/SGT
Honda Holds the World Premiere of the 5th Generation All-new Honda City, Creating a "REIMAGINE" Phenomenon that Goes Beyond any Possibilities
Nov 8, 2019 14:09 HKT/SGT
Honda Releases Consolidated Financial Summary for the Fiscal 2nd Quarter Ended September 30, 2019
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
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: