News Releases 2014

  1. Facebook
  2. Twitter
  3. Google Plus
  4. Mail
Corporate
Japan
October 28, 2014

Consolidated Financial Summary for the Fiscal 2nd Quarter ended September 30, 2014

TOKYO, Japan, October 28, 2014 - Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal second quarter and the fiscal first half ended September 30, 2014.

Consolidated operating income for the fiscal second quarter (July 1, 2014 through September 30, 2014) amounted to 164.4 billion yen, a decrease of 4.1% compared to the same period last year, due to profit-reducing factors such as a decrease in automobile unit sales in North America and Japan due to changes in the business environment. This was despite profit-increasing factors such as the introduction of new automobile products in Asia and the positive effect of cost reduction efforts. Consolidated income before income taxes for the fiscal second quarter amounted to 179.8 billion yen, an increase of 8.6% compared to the same period last year. Consolidated net income*1 for the fiscal second quarter amounted to 141.8 billion yen, an increase of 17.9% compared to the same period last year.

Consolidated operating income for the fiscal first half (April 1, 2014 through September 30, 2014) amounted to 362.4 billion yen, an increase of 1.7% compared to the same period last year, and consolidated net income*1 for the fiscal first half amounted to 288.4 billion yen, an increase of 18.8% compared to the same period last year.

Reflecting the fiscal first half results as well as the forecasted favorable effect of yen depreciation and the forecasted decline in unit sales in Japan and China due to the difficult business environment, Honda made some revisions to the previously announced forecasts for the current fiscal year (April 1, 2014 through March 31, 2015). The previously announced forecast for consolidated net sales and other operating revenue was revised downward from 12.8 trillion yen to 12.75 trillion yen, whereas the forecast for consolidated operating income will remain unchanged from the previous 770.0 billion yen. The forecast for consolidated net income*1 for the current fiscal year was also revised downward from the previous 600.0 billion yen to 565.0 billion yen.

The quarterly dividend for the fiscal second 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 2nd Quarter and the Fiscal First Half

  2nd quarter ended
Sept. 30, 2013
(3 months period)
2nd quarter
ended
Sept. 30, 2014
(3 months period)
Difference Fiscal first half ended
Sept. 30, 2013
(6 months period)
Fiscal first half
ended
Sept. 30, 2014
(6 months period)
Difference
Honda Group
Unit Sales*2
(million units)
Motorcycles*4 4.216 4.581 +0.365 8.270 8.718 +0.448
Automobiles*5 1.047 1.071 +0.024 2.046 2.132 +0.086
Power Products 1.295 1.286 -0.009 2.884 2.796 -0.088
Consolidated
Unit Sales*3
(million units)
Motorcycles*4 2.585 2.743 +0.158 4.956 5.200 +0.244
Automobiles*5 0.869 0.880 +0.011 1.727 1.775 +0.048
Power Products 1.295 1.286 -0.009 2.884 2.796 -0.088
Financial
Results
(billion yen)
Net sales and other operating revenue 2,890.2 3,014.7 +124.5 5,724.3 6,003.0 +278.7
Operating income 171.4 164.4 -7.0 356.4 362.4 +6.0
Income before income taxes 165.5 179.8 +14.2 337.6 378.6 +41.0
Equity in income of affiliates 31.6 22.7 -8.9 63.4 61.3 -2.1
Net income*1 120.3 141.8 +21.5 242.8 288.4 +45.5
Quarterly dividend per share (yen) 20 22 +2 40 44 +4
Honda's
Average
Rate (yen)
USD = 99 104 Down by 5 yen 99 103 Down by 4yen
EUR = 131 138 Down by 7 yen 130 139 Down by 9 yen

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

  FY14 results Previously announced FY15 forecasts
(2014/7/29)
Revised
FY15 forecasts
(2014/10/28)
Difference compared to FY14 results Difference compared to previously announced forecasts
Honda Group
Unit Sales*2
(million units)
Motorcycles 17.021 18.080 17.950 +0.929 -0.130
Automobiles*5 4.323 4.830 4.620 +0.297 -0.210
Power Products 6.036 6.335 6.185 +0.149 -0.150
Consolidated
Unit Sales*3
(million units)
Motorcycles 10.343 10.915 10.850 +0.507 -0.065
Automobiles*5 3.560 3.870 3.760 +0.200 -0.110
Power Products 6.036 6.335 6.185 +0.149 -0.150
Financial
Results/
Forecasts
(billion yen)
Net sales and other operating revenue 11,842.4 12,800.0 12,750.0 +907.5 -50.0
Operating income 750.2 770.0 770.0 +19.7 -
Income before
income taxes
728.9 755.0 765.0 +36.0 +10.0
Equity in income
of affiliates
132.4 155.0 120.0 -12.4 -35.0
Net income*1 574.1 600.0 565.0 -9.1 -35.0
Annual dividend per share (yen) 82 88 88 +6 -
Honda's
Average
Rate (yen)
USD = 100 101 104 Down by 4 yen Down by 3 yen
EUR = 136 136 137 Down by 1 yen 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 2nd quarter ended September 30, 2013 and 2014 are 28 thousand units and 31 thousand units, respectively. Honda Group Unit Sales and Consolidated Unit Sales of ATVs included in motorcycle business for the fiscal first half ended September 30, 2013 and 2014 are 49 thousand units and 53 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.