Le Lézard
Classified in: Transportation, Business
Subjects: ERN, ERP

Honda Motor Co., Ltd. (HMC:NYSE) announced its Consolidated Financial Summary for the Fiscal 1st Quarter Ended June 30, 2022 and Forecasts for the Fiscal Year Ending March 31, 2023


TOKYO, Aug. 10, 2022 /PRNewswire/ --

I.  Consolidated financial summary and business-by-business results for the fiscal first quarter (3 months) ended June 30, 2022

1)  Motorcycle business

Sales revenue: 676.0 billion yen (a year-on-year increase of 30.5%)
Increase due primarily to a sales increase in Asia and favorable currency effects.

Operating profit: 97.8 billion yen (a year-on-year increase of 21.2%)
Increase due primarily to an increase in profit related to changes in sales prices and costs and favorable currency effects. 

2)  Automobile business

Sales revenue: 2,328.1 billion yen (a year-on-year increase of 3.4%)
Although sales decreased mainly in North America, sales revenue experienced a year-on-year increase due primarily to favorable currency effects.

Operating profit: 38.2 billion yen (a year-on-year decrease of 45.9%)
Decrease due primarily to a decrease in profit attributable to sales impacts.
Combined with operating profit from financial services business related to automobile sales, the estimated operating profit for automobile business is 113.9 billion yen.

3)  Financial Services business
Operating profit: 78.8 billion yen (a year-on-year decrease of 14.5%)
Decrease due primarily to a decrease in profit due to lower revenue.

4)  Power Product and Other businesses
Operating profit: 7.3 billion yen (a year-on-year increase of 7.7 billion yen)
Aircraft/aircraft engine business, which is included in "Other businesses," accounted for an operating loss of 3.8 billion yen.

II.  Forecasts for the Fiscal Year Ending March 31, 2023 (FY23) 

III.  Acquisition of the Company's Own Shares

For the purpose of improving efficiency of its capital structure and implementing a flexible capital strategy, among others, Honda resolved the following details regarding the acquisition of its own shares at the Board of Directors meeting held today.

? Total number of shares to be acquired (maximum):

32 million shares (common shares)

? Total amount of acquisition (maximum):

100 billion yen

? Period of acquisition:

From August 12, 2022 through March 31, 2023

 

Consolidated Financial Results for the Fiscal 1st Quarter ended June 30, 2022



1st quarter

 ended

June 30, 2021

 (3 months period)

1st quarter

 ended

June 30, 2022

 (3 months period)

Difference

Honda Group

Unit Sales*1

(million units)

Motorcycles

3.879

4.251

+0.372

Automobiles*3

0.998

0.815

-0.183

Power Products*4

1.708

1.546

-0.162

Consolidated

Unit Sales*2

(million units)

Motorcycles

2.392

2.972

+0.580

Automobiles*3

0.608

0.529

-0.079

Power Products*4

1.708

1.546

-0.162

Financial

Results

(billion yen)

Sales revenue

3,583.8

3,829.5

+245.6

Operating profit

243.2

222.2

-20.9

Share of profit of investments

accounted for using the equity method

55.9

22.6

-33.3

Profit before income taxes

311.3

237.4

-73.9

Profit for the period

attributable to owners of the

parent

222.5

149.2

-73.2

Honda's

Average

Rate (yen)

USD=

109

130

JPY depreciated
against the USD
by 21 yen/dollar

 

Forecasts for the Fiscal Year Ending March 31, 2023 (FY23)



FY22

results

Previous

FY23 forecasts

?2022/5/13?

Revised

FY23 forecasts

(2022/8/10)

Difference

compared to

FY22 results

Difference

 compared
to previous
forecasts

Honda Group

Unit Sales*1

(million units)

Motorcycles

17.027

18.560

18.560

+1.533

?

Automobiles*3

4.074

4.200

4.200

+0.126

?

Power Products*4

6.200

5.665

5.665

-0.535

?

Consolidated

Unit Sales*2

(million units)

Motorcycles

10.721

11.660

11.660

+0.939

?

Automobiles*3

2.424

2.520

2.520

+0.096

?

Power Products*4

6.200

5.665

5.665

-0.535

?

Financial

Results/

Forecasts

(billion yen)

Sales revenue

14,552.6

16,250.0

16,750.0

+2,197.3

+500.0

Operating profit

871.2

810.0

830.0

-41.2

+20.0

Share of profit of investments

accounted for using the equity method

202.5

230.0

215.0

+12.4

-15.0

Profit before income taxes

1,070.1

1,035.0

1,040.0

-30.1

+5.0

Profit for the year

attributable to owners of the parent

707.0

710.0

710.0

+2.9

?

Annual dividend per share (yen)

120

120

120

?

?

Honda's

Average

Rate (yen)

USD=

112

120

125

JPY to
depreciate
against the
USD by

13 yen/dollar

JPY to
depreciate
against the
USD by

5 yen/dollar





*1

Honda Group Unit Sales is the total unit sales of completed products (motorcycles, ATVs, Side-by-Sides, automobiles, power products) of Honda, its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method.

*2

Consolidated Unit Sales is the total unit sales of completed products (motorcycles, ATVs, Side-by-Sides, automobiles, power products) corresponding to consolidated sales revenue, which consists of unit sales of completed products of Honda and its consolidated subsidiaries.

*3

Certain sales of automobiles that are financed with residual value type auto loans and others by our Japanese finance subsidiaries and provided through our consolidated subsidiaries are accounted for as operating leases in conformity with IFRS and are not included in consolidated sales revenue to the external customers in our automobile business. Accordingly, they are not included in Consolidated Unit Sales, but are included in Honda Group Unit Sales of our automobile business.

*4

Life creation business has been renamed Power product business effective April 1, 2022.

 

For Additional Information, please visit;
https://global.honda/investors/library/financialresult.html

SOURCE: Honda Motor Co., Ltd

SOURCE Honda Motor Co., Ltd.


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