TOKYO, Japan, July 31, 2012 - Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first quarter ended June 30, 2012.
Consolidated net sales and other operating revenue for the fiscal first quarter (April 1, 2012 through June 30, 2012) amounted to 2,435.9 billion yen, an increase of 42.1% compared to the same period last year, primarily due to strong sales of new models in automobile business and an increase in revenue as a result of a recovery from the impact of the Great East Japan Earthquake.
Consolidated operating income for the fiscal first quarter amounted to 176.0 billion yen, approximately 7.8 times greater than the same period last year, primarily due to increased profit from higher revenue in automobile business, offsetting an increase in selling, general and administrative (SG&A) expenses and R&D expenses as well as the unfavorable currency effects.
Consolidated income before income taxes amounted to 194.7 billion yen, approximately 6.6 times greater than the same period last year, and consolidated net income attributable to Honda Motor Co., Ltd. amounted to 131.7 billion yen, approximately 4.1 times greater than the same period last year.
Despite some uncertainties in the economic climate and market trends as well as the fluctuation of currency exchange rates, previously announced forecasts for consolidated financial results for the current fiscal year ending March 31, 2013 will remain unchanged based on the results for this fiscal first quarter.
The quarterly dividend for the fiscal first quarter will be 19 yen per share, a 4 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, 2013 are planned to be 76 yen per share, an increase of 16 yen per share from the previous fiscal year.