Index Previous Next
Annual Report 2007
Summary of Operating Results by Business

Review of Operations (Year ended March 31, 2007)
Motorcycle Business
Net Sales ¥1,370.6 billion (11.8%)
Operating Income ¥100.6 billion (-11.7%)

Revenue from unaffiliated customers increased 11.8%, to ¥1,370.6 billion, from the previous fiscal year, due mainly to increased unit sales and the positive impact of currency translation effects. Operating income decreased 11.7 %, to ¥100.6 billion, from the previous fiscal year, due mainly to increased SG&A expenses, increased R&D expenses and the gain on the return of the substitutional portion of employees' pension funds to the Japanese government recorded in fiscal 2006. This contributed to offsetting the positive impact of increased profit attributable to higher revenue and the currency effects that were caused by the depreciation of the Japanese yen.

Automobile Business
Net Sales ¥8,889.0 billion (11.0%)
Operating Income ¥599.5 billion (-4.6%)

Revenue from unaffiliated customers increased 11.0%, to ¥8,889.0 billion, due to increased unit sales and the positive impact of currency translation effects. Operating income decreased 4.6%, to ¥599.5 billion, due mainly to the negative impact of changes in the model mix, substantially increased raw material costs, increased SG&A expenses, increased R&D expenses and the gain on the return of the substitutional portion of employees' pension funds to the Japanese government recorded in fiscal 2006, which offset the positive impacts of increased profit attributable to higher revenue, continuing cost reduction effects and the currency effects caused by the depreciation of the Japanese yen.

Power Product and Other Businesses
Net Sales ¥417.7 billion (12.7%)
Operating Income ¥36.1 billion (0.6%)

Revenue from unaffiliated customers in power product and other businesses increased 12.7%, to ¥417.7 billion, due mainly to increased unit sales of power products and the positive impact of currency translation effects. Operating income was ¥36.1 billion, an increase of 0.6% from the previous fiscal year, due mainly to the positive impact of increased profit attributable to higher revenue and the currency effects caused by the depreciation of the Japanese yen, which offset the negative impact of the increased SG&A expenses and the gain on the return of the substitutional portion of employees' pension funds to the Japanese government that was recorded in fiscal 2006.

  Financial Services Business
Net Sales ¥409.7 billion (33.5%)
Operating Income ¥115.5 billion (27.6%)

Revenue from unaffiliated customers in our financial services business increased 33.5%, to ¥409.7 billion. Operating income increased 27.6%, to ¥115.5 billion, benefiting from increased profit attributable to higher revenue and positive impact of currency effects caused by the depreciation of the Japanese yen, despite higher interest rates to raise funds.


Percentage of Unit Sales by Region Unit Sales by Region Net Sales/Operating Income
Motorcycle Business
Automobile Business
Power Product and Other Businesses
Financial Services Business


Index Previous Next
Home > Investor Relations > IR Library > Reports > Annual Report 2007