TOKYO, Japan, October 31, 2011 - Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal second quarter ended September 30, 2011.
Operating income and net income*1 for the fiscal second quarter (July 1, 2011 through September 30, 2011) posted 52.5 billion yen and 60.4 billion yen respectively, exceeded Honda’s previous forecasts of 27.4 billion yen and 18.2 billion yen respectively. Major positive factors were automobile and financial services businesses in North America, and motorcycle and automobile businesses in emerging markets, despite lower automobile unit sales due to parts shortages caused by the earthquake, and a negative currency impact of yen appreciation.
As per the previously announced forecast, the quarterly dividend for the fiscal second quarter will be 15 yen per share of the common stock with record date of September 30, 2011, which is an increase of 3 yen compared to the same period a year ago.
Thailand has been suffering from severe floods, which caused damage to certain inventories, and machineries and equipments of Honda’s consolidated subsidiaries and affiliates including Honda Automobile (Thailand) Co., Ltd. by flooding these production facilities. Accordingly, production activities in plant facilities at Honda and its affiliates have been affected by floods and relevant disruptions of parts supply.
Honda is currently evaluating the extent of the damage resulting from the floods, and it is not possible to reasonably estimate the impacts on the consolidated and unconsolidated financial results at this time.
Therefore, forecasts of the consolidated and unconsolidated financial results for the fiscal year ending March 31, 2012 are not determined. Honda will release the forecasts as soon as they become available.
Despite the impact of the flooding in Thailand, at this moment, the forecast for the total annual dividend per share of common stock to be paid for this fiscal year will remain as 60 yen.
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