Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first quarter ended June 30 2013
– Operating income for first quarter FY2014 has increased by 5.1 per cent to 184.9 billion yen, compared to the same period last year
– This increase has been driven by increased motorcycle sales in Asia and increased car sales in all regions except Japan
– All Forecasts for FY2014 (volume and profit) remain as per the last financial announcement (26 April 2013)
Despite some profit-reducing factors such as an increase in expenses necessary for the future growth of the company including R&D expenses and expenses related to the startup of new production plants and changes in revenue and model mix in Japan and North America, consolidated operating income for the fiscal first quarter (April 1, 2013 through June 30, 2013) amounted to 184.9 billion yen, an increase of 5.1 per cent compared to the same period last year, due primarily to increased motorcycle sales in Asia, increased car sales in all regions except for Japan, reduced costs and favorable currency effects due to the depreciation of the Japanese yen.
Previously announced forecasts for consolidated financial results for the current fiscal year ending March 31, 2014 will remain unchanged based on the results for this fiscal first quarter.
The quarterly dividend for the fiscal first quarter will be 20 yen per share, 1 yen increase compared to the quarterly dividend for the same period last year. The total cash dividends to be paid for the fiscal year ending March 31, 2014 are planned to be 80 yen per share, an increase of 4 yen per share from the previous fiscal year.
Consolidated Financial Results for the Fiscal 1st Quarter
| 1st quarter ended June 30, 2012 (3 months period) |
1st quarter ended June 30, 2013 (3 months period) |
Difference | ||
| Honda GroupUnit Sales*2
(million units) |
Motorcycles*4 | 3.911 | 4.054 | + 0.143 |
| Automobiles*5 | 0.999 | 0.999 | + 0 | |
| Power Products | 1.625 | 1.589 | – 0.036 | |
| ConsolidatedUnit Sales*3
(million units) |
Motorcycles*4 | 2.366 | 2.371 | + 0.005 |
| Automobiles*5 | 0.849 | 0.858 | + 0.009 | |
| Power Products | 1.625 | 1.589 | – 0.036 | |
| FinancialResults
(billion yen) |
Net sales and other operating revenue | 2,435.9 | 2,834.0 | + 398.1 |
| Operating income | 176.0 | 184.9 | + 8.9 | |
| Income before income taxes | 194.7 | 172.0 | – 22.7 | |
| Equity in income of affiliates | 20.7 | 31.7 | + 11.0 | |
| Net income*1 | 131.7 | 122.4 | – 9.2 | |
| Quarterly dividend per share (yen) | 19 | 20 | + 1 | |
| Honda’sAverage
Rate (yen) |
USD = | 80 | 99 | Down by 19 yen |
| EUR = | 104 | 129 | Down by 25 yen | |
Forecasts for the Fiscal Year ending March 31, 2014 (FY14)
| FY13 results | FY14 forecasts (July 31, 2013) |
Difference | ||
| Honda GroupUnit Sales*2
(million units) |
Motorcycles | 15.494 | 17.400 | + 1.906 |
| Automobiles*5 | 4.014 | 4.430 | + 0.416 | |
| Power Products | 6.071 | 6.200 | + 0.129 | |
| ConsolidatedUnit Sales*3
(million units) |
Motorcycles | 9.510 | 11.000 | + 1.490 |
| Automobiles*5 | 3.408 | 3.670 | + 0.262 | |
| Power Products | 6.071 | 6.200 | + 0.129 | |
| FinancialResults/
Forecasts (billion yen) |
Net sales and other operating revenue | 9,877.9 | 12,100.0 | + 2,222.0 |
| Operating income | 544.8 | 780.0 | + 235.1 | |
| Income before income taxes | 488.8 | 780.0 | + 291.1 | |
| Equity in income of affiliates | 82.7 | 115.0 | + 32.2 | |
| Net income*1 | 367.1 | 580.0 | + 212.8 | |
| Annual dividend per share (yen) | 76 | 80 | + 4 | |
| Honda’sAverage
Rate (yen) |
USD = | 84 | 96 | Down by 12 yen |
| EUR = | 108 | 126 | Down by 18 yen | |
