Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal fourth quarter and the fiscal year ended March 31, 2014.
Consolidated operating income for the fiscal fourth quarter (January 1, 2014 through March 31, 2014) amounted to 165.2 billion yen, an increase of 21.5% compared to the same period last year, primarily due to an increase in automobile sales in Japan and motorcycle sales in Asia, positive effects of cost reduction and favorable currency effects associated with the depreciation of the Japanese yen.
Consolidated operating income for the fiscal year (April 1, 2013 through March 31, 2014) amounted to 750.2 billion yen, an increase of 37.7% compared to the previous fiscal year, and consolidated net income*1 for the fiscal year amounted to 574.1 billion yen, an increase of 56.4% compared to the previous fiscal year, primarily due to an increase in automobile sales in Japan and North America and motorcycle sales in Asia, positive effects of cost reduction and favorable currency effects associated with the depreciation of the Japanese yen.
The quarterly dividend for the fiscal fourth quarter will be 22 yen per share, a 3 yen increase compared to the quarterly dividend for the same period last year. The total cash dividends to be paid for the fiscal year ended March 31, 2014 are planned to be 82 yen per share, an increase of 6 yen per share from the previous fiscal year. The year-end dividends are matters to be resolved at the general shareholders’ meeting.
Consolidated Financial Results for the Fiscal 4th Quarter
Consolidated Financial Results for the Fiscal Year ended March 31, 2014 (FY14)
Forecasts for the Fiscal Year ending March 31, 2015 (FY15)
Honda financial forecasts for the fiscal year ending March 31, 2015 are described below.
- *1
- Net income attributable to Honda Motor Co., Ltd. based on U.S. generally accepted accounting principles.
- *2
- Honda Group Unit Sales is the total unit sales of completed products (motorcycles, ATVs, automobiles, power products) of Honda, its consolidated subsidiaries and its affiliates accounted for under the equity method.
- *3
- Consolidated Unit Sales is the total unit sales of completed products (motorcycles, ATVs, automobiles, power products) corresponding to consolidated net sales, which consists of unit sales of completed products of Honda and its consolidated subsidiaries.
- *4
- Honda Group Unit Sales and Consolidated Unit Sales of ATVs included in motorcycle business for the fiscal 4th quarter ended March 31, 2013 and 2014 are 28 thousand units and 38 thousand units, respectively. Honda Group Unit Sales and Consolidated Unit Sales of ATVs included in motorcycle business for the fiscal year ended March 31, 2013 and 2014 are 117 thousand units and 120 thousand units, respectively.
- *5
- Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries are accounted for as operating leases in conformity with U.S. generally accepted accounting principles and are not included in consolidated net sales to the external customers in our automobile business. As a result, they are not included in Consolidated Unit Sales, but are included in Honda Group Unit Sales of our automobile business.
