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TOKYO, May 13, 2016 - (JCN Newswire) - Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal year and the fiscal fourth quarter ended March 31, 2016.
Consolidated operating profit for the fiscal year (April 1, 2015 through March 31, 2016) amounted to 503.3 billion yen, a decrease of 24.9% compared to the previous fiscal year, due to profit-reducing factors such as an increase in selling, general and administrative (SG&A) expenses that include quality-related expenses and unfavorable currency effects. This was despite profit-increasing factors such as an increase in profit related to the full model change of key models in North America and the introduction of HR-V in various regions as well as cost reduction efforts. Consolidated profit for the fiscal year attributable to owners of the parent amounted to 344.5 billion yen, a decrease of 32.4% compared to the previous fiscal year.
Consolidated operating loss for the fiscal fourth quarter (January 1, 2016 through March 31, 2016) amounted to 63.8 billion yen, declined by 149.9 billion yen compared to the same period last year, due to profit-reducing factors such as an increase in selling, general and administrative (SG&A) expenses that include quality-related expenses and unfavorable currency effects. This was despite profit-increasing factors such as an increase in profit related to changes in sales volume and model mix as well as cost reduction efforts.
The quarterly dividend for the fiscal fourth quarter will be 22 yen per share, which is the same amount as the quarterly dividend for the same period last year. The total cash dividends to be paid for the fiscal year ended March 31, 2016 are planned to be 88 yen per share. The year-end dividends are matters to be resolved at the general shareholders' meeting.
Contact:
Honda
Media Inquiries
corporate_pr@hm.honda.co.jp
+81-3-5412-1512
Topic: Press release summary
Source: Honda Motor Co, Ltd
Sectors: Automotive
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From the Asia Corporate News Network
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