News Releases 2014

  1. Facebook
  2. Twitter
  3. Google Plus
  4. Mail
Corporate
Japan
July 29, 2014

Consolidated Financial Summary for the Fiscal 1st Quarter ended June 30, 2014

TOKYO, Japan, July 29, 2014 - Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first quarter ended June 30, 2014.

Consolidated operating income for the fiscal first quarter (April 1, 2014 through June 30, 2014) amounted to 198.0 billion yen, an increase of 7.1% compared to the same period last year, due to profit-increasing factors including an increase in automobile sales in Japan and Asia resulting from the positive effect of new model introductions and full model changes as well as the positive effect of cost reduction efforts. This was despite profit-reducing factors such as an increase in selling, general and administrative (SG&A) expenses, an increase in depreciation expenses related to the start-up of new production plants and unfavorable currency effects. Consolidated income before income taxes for the fiscal first quarter amounted to 198.8 billion yen, an increase of 15.6% compared to the same period last year. Consolidated net income*1 for the fiscal first quarter amounted to 146.5 billion yen, an increase of 19.6% compared to the same period last year.

Reflecting the changes in the foreign exchange environment that occurred during the fiscal first quarter, Honda made an upward revision to its forecast for consolidated operating income for the current fiscal year (April 1, 2014 through March 31, 2015) from the previous 760.0 billion yen to 770.0 billion yen. In addition, the forecast for consolidated net income*1 for the current fiscal year was also revised upward from the previous 595.0 billion yen to 600.0 billion yen.

The quarterly dividend for the fiscal first quarter will be 22 yen per share, a 2 yen increase compared to the quarterly dividend for the same period last year. The total cash dividend to be paid for the fiscal year ending March 31, 2015 is expected to be 88 yen per share, an increase of 6 yen per share from the previous fiscal year.

Consolidated Financial Results for the Fiscal 1st Quarter

  1st quarter
ended
June 30, 2013
(3-months period)
1st quarter
ended
June 30, 2014
(3-months period)
Difference
Honda Group
Unit Sales*2
(million units)
Motorcycles*4 4.054 4.137 +0.083
Automobiles*5 0.999 1.061 +0.062
Power Products 1.589 1.510 -0.079
Consolidated
Unit Sales*3
(million units)
Motorcycles*4 2.371 2.457 +0.086
Automobiles*5 0.858 0.895 +0.037
Power Products 1.589 1.510 -0.079
Financial
Results
(billion yen)
Net sales and other operating revenue 2,834.0 2,988.2 +154.1
Operating income 184.9 198.0 +13.0
Income before income
taxes
172.0 198.8 +26.7
Equity in income of
affiliates
31.7 38.5 +6.8
Net income*1 122.4 146.5 +24.0
Quarterly dividend per share (yen) 20 22 +2
Honda’s
Average
Rate (yen)
USD = 99 102 Down by
3 yen
EUR = 129 140 Down by
11 yen

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

  FY14 results Previously announced FY15 forecasts
(2014/4/25)
Revised FY15 forecasts
(2014/7/29)
Difference compared to FY14 results Difference compared to previously announced forecasts
Honda Group
Unit Sales*2
(million units)
Motorcycles 17.021 18.240 18.080 +1.059 -0.160
Automobiles*5 4.323 4.830 4.830 +0.507 -
Power Products 6.036 6.345 6.335 +0.299 -0.010
Consolidated
Unit Sales*3
(million units)
Motorcycles 10.343 11.030 10.915 +0.572 -0.115
Automobiles*5 3.560 3.870 3.870 +0.310 -
Power Products 6.036 6.345 6.335 +0.299 -0.010
Financial
Results/
Forecasts
(billion yen)
Net sales and other
operating revenue
11,842.4 12,750.0 12,800.0 +957.5 +50.0
Operating income 750.2 760.0 770.0 +19.7 +10.0
Income before income taxes 728.9 745.0 755.0 +26.0 +10.0
Equity in income
of affiliates
132.4 155.0 155.0 +22.5 -
Net income*1 574.1 595.0 600.0 +25.8 +5.0
Annual dividend per share (yen) 82 88 88 +6
Honda's
Average
Rate (yen)
USD = 100 100 101 Down by 1 yen Down by 1 yen
EUR = 136 135 136 - Down 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 1st quarter ended June 30, 2013 and 2014 are 21 thousand units and 22 thousand units, respectively.
  • *5Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries and sold through our consolidated 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.