TOKYO, Japan, January 31, 2013 - Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal third quarter ended December 31, 2012.
Consolidated operating income for the fiscal third quarter (October 1, 2012 through December 31, 2012) amounted to 131.9 billion yen, which is approximately triple the total from the same period last year representing an increase of 197.8%, due to the recovery from the impact of the major flooding in Thailand as well as an increase in automobile sales mainly in North America as a result of the positive effects of new model introductions. Consolidated operating income for the fiscal nine months (April 1, 2012 through December 31, 2012) amounted to 408.8 billion yen, an increase of 242.4% compared to the same period last year.
Consolidated net income*1 for the fiscal nine months (April 1, 2012 through December 31, 2012) amounted to 291.3 billion yen, an increase of 108.3% compared to the same period last year.
Honda has maintained the forecast for operating income for the current fiscal year (ending March 31, 2013) at 520 billion yen, factoring in a decline in automobile sales in Europe and China due to severe economic conditions which offset the positive impact of the recent depreciation of the yen. The market valuation losses on foreign exchange contracts due to rapid depreciation of the yen since the end of 2012 was factored into the downward revision of the forecast for consolidated net income*1 for the current fiscal year from 375.0 billion yen to 370.0 billion yen.
The dividend forecast will remain unchanged from the previous announcement. The quarterly dividend for the current fiscal third 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.