News Releases 2014

  1. Facebook
  2. Twitter
  3. Google Plus
  4. Mail
Corporate
Japan
April 25, 2014

Consolidated Financial Summary for the Fiscal 4th Quarter and the Fiscal Year ended March 31, 2014

TOKYO, Japan, April 25, 2014 - Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal fourth quarter and the fiscal year ended March 31, 2014.

Consolidated operating income for the fiscal fourth quarter (January 1, 2014 through March 31, 2014) amounted to 165.2 billion yen, an increase of 21.5% compared to the same period last year, primarily due to an increase in automobile sales in Japan and motorcycle sales in Asia, positive effects of cost reduction and favorable currency effects associated with the depreciation of the Japanese yen.

Consolidated operating income for the fiscal year (April 1, 2013 through March 31, 2014) amounted to 750.2 billion yen, an increase of 37.7% compared to the previous fiscal year, and consolidated net income*1 for the fiscal year amounted to 574.1 billion yen, an increase of 56.4% compared to the previous fiscal year, primarily due to an increase in automobile sales in Japan and North America and motorcycle sales in Asia, positive effects of cost reduction and favorable currency effects associated with the depreciation of the Japanese yen.

The quarterly dividend for the fiscal fourth quarter will be 22 yen per share, a 3 yen increase compared to the quarterly dividend for the same period last year. The total cash dividends to be paid for the fiscal year ended March 31, 2014 are planned to be 82 yen per share, an increase of 6 yen per share from the previous fiscal year. The year-end dividends are matters to be resolved at the general shareholders' meeting.

Consolidated Financial Results for the Fiscal 4th Quarter

  4th quarter
ended
Mar. 31, 2013
(3 months period)
4th quarter
ended
Mar. 31, 2014
(3 months period)
Difference
Honda Group
Unit Sales*2
(million units)
Motorcycles*4 3.962 4.500 +0.538
Automobiles*5 1.033 1.195 +0.162
Power Products 1.963 1.990 +0.027
Consolidated
Unit Sales*3
(million units)
Motorcycles*4 2.490 2.730 +0.240
Automobiles*5 0.902 0.933 +0.031
Power Products 1.963 1.990 +0.027
Financial
Results
(billion yen)
Net sales and other operating revenue 2,744.9 3,097.2 +352.2
Operating income 135.9 165.2 +29.3
Income before
income taxes
98.0 174.7 +76.6
Equity in income
of affiliates
13.0 37.3 +24.3
Net income*1 75.7 170.5 +94.7
Quarterly dividend per share (yen) 19 22 +3
Honda's
average
rates (yen)
USD = 93 103 Down by
10 yen
EUR = 122 141 Down by
19 yen

Consolidated Financial Results for the Fiscal Year ended March 31, 2014 (FY14)

  FY13 results Previously announced FY14 forecasts
(2014/1/31)
FY14 results Difference compared to FY13 results Difference compared to previously announced forecasts
Honda Group
Unit Sales*2
(million units)
Motorcycles*4 15.494 17.095 17.021 +1.527 -0.074
Automobiles*5 4.014 4.385 4.323 +0.309 -0.062
Power Products 6.071 6.050 6.036 -0.035 -0.014
Consolidated
Unit Sales*3
(million units)
Motorcycles*4 9.510 10.410 10.343 +0.833 -0.067
Automobiles*5 3.408 3.620 3.560 +0.152 -0.060
Power Products 6.071 6.050 6.036 -0.035 -0.014
Financial
Results
(billion yen)
Net sales and other operating revenue 9,877.9 12,100.0 11,842.4 +1,964.5 -257.6
Operating income 544.8 780.0 750.2 +205.4 -29.8
Income before
income taxes
488.8 755.0 728.9 +240.0 -26.1
Equity in income
of affiliates
82.7 140.0 132.4 +49.7 -7.6
Net income*1 367.1 580.0 574.1 +206.9 -5.9
Annual dividend per share (yen) 76 80 82 +6 +2
Honda's
average
rates (yen)
USD = 84 100 100 Down by
16 yen
-
EUR = 108 134 136 Down by
28 yen
Down by
2 yen

Forecasts for the Fiscal Year ending March 31, 2015 (FY15)

Honda financial forecasts for the fiscal year ending March 31, 2015 are described below.

  FY14 results FY15 forecasts Difference
Honda Group
Unit Sales*2
(million units)
Motorcycles*4 17.021 18.240 +1.219
Automobiles*5 4.323 4.830 +0.507
Power Products 6.036 6.345 +0.309
Consolidated
Unit Sales*3
(million units)
Motorcycles*4 10.343 11.030 +0.687
Automobiles*5 3.560 3.870 +0.310
Power Products 6.036 6.345 +0.309
Financial
Results
(billion yen)
Net sales and other operating revenue 11,842.4 12,750.0 +907.5
Operating income 750.2 760.0 +9.7
Income before
income taxes
728.9 745.0 +16.0
Equity in income
of affiliates
132.4 155.0 +22.5
Net income*1 574.1 595.0 +20.8
Annual dividend per share (yen) 82 88 +6
Honda's
average
rates (yen)
USD = 100 100 -
EUR = 136 135 Up by
1 yen
  • *1Net income attributable to Honda Motor Co., Ltd. based on U.S. generally accepted accounting principles.
  • *2Honda Group Unit Sales is the total unit sales of completed products (motorcycles, ATVs, automobiles, power products) of Honda, its consolidated subsidiaries and its affiliates accounted for under the equity method.
  • *3Consolidated Unit Sales is the total unit sales of completed products (motorcycles, ATVs, automobiles, power products) corresponding to consolidated net sales, which consists of unit sales of completed products of Honda and its consolidated subsidiaries.
  • *4Honda Group Unit Sales and Consolidated Unit Sales of ATVs included in motorcycle business for the fiscal 4th quarter ended March 31, 2013 and 2014 are 28 thousand units and 38 thousand units, respectively. Honda Group Unit Sales and Consolidated Unit Sales of ATVs included in motorcycle business for the fiscal year ended March 31, 2013 and 2014 are 117 thousand units and 120 thousand units, respectively.
  • *5Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries are accounted for as operating leases in conformity with U.S. generally accepted accounting principles and are not included in consolidated net sales to the external customers in our automobile business. As a result, they are not included in Consolidated Unit Sales, but are included in Honda Group Unit Sales of our automobile business.

For additional information, please visit;
http://world.honda.com/investors/library/financialresult/
where you can download financial results information.