News Releases 2015

  1. Facebook
  2. Twitter
  3. Google Plus
  4. Mail
Corporate
Japan
January 30, 2015

Consolidated Financial Summary for the Fiscal 3rd Quarter ended December 31, 2014

TOKYO, Japan, January 30, 2015 - Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal third quarter ended December 31, 2014.

Consolidated operating income for the fiscal third quarter (October 1, 2014 through December 31, 2014) amounted to 177.2 billion yen, a decrease of 22.5% compared to the same period last year, due to profit-reducing factors such as a difficult automobile market environment in Japan and an increase in quality-related expenses mainly in North America. This was despite profit-increasing factors such as an increase in motorcycle sales in Asia and favorable currency effects associated with depreciation of the Japanese yen. Consolidated income before income taxes for the fiscal third quarter amounted to 194.1billion yen, a decrease of 10.4% compared to the same period last year. Consolidated net income*1 for the fiscal third quarter amounted to 136.5 billion yen, a decrease of 15.1% compared to the same period last year.

Consolidated operating income for the fiscal nine months (April 1, 2014 through December 31, 2014) amounted to 539.7 billion yen, a decrease of 7.7% compared to the same period last year, and consolidated net income*1 amounted to 424.9 billion yen, an increase of 5.3% compared to the same period last year.

Reflecting the fiscal nine month results, as well as the forecasted favorable effect of yen depreciation, a forecasted decline in unit sales in Japan and China due to the difficult automobile market environment and a forecasted increase in quality-related expenses mainly in North America, 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 operating income was revised downward from 770.0 billion yen to 720.0 billion yen. The forecast for consolidated net income*1 for the current fiscal year was also revised downward from the previous 565.0 billion yen to 545.0 billion yen.

The quarterly dividend for the fiscal third 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 3rd Quarter and Fiscal Nine Months

    3rd quarter
ended
Dec. 31, 
2013
(3 months
period)
3rd quarter
ended
Dec. 31, 
2014
(3 months
period)
Difference Fiscal
9 months 
ended
Dec. 31, 
2013
(9 months
period)
Fiscal
9 months
ended
Dec. 31, 
2014 
(9 months 
period)
Difference
Honda Group 
Unit Sales*2
(million units)
Motorcycles*4 4.251 4.432 +0.181 12.521 13.150 +0.629
Automobiles*5 1.082 1.028 -0.054 3.128 3.160 +0.032
Power Products 1.162 1.148 -0.014 4.046 3.944 -0.102
Consolidated
Unit Sales*3
(million units)
Motorcycles*4 2.657 2.763 +0.106 7.613 7.963 +0.350
Automobiles*5 0.900 0.877 -0.023 2.627 2.652 +0.025
Power Products 1.162 1.148 -0.014 4.046 3.944 -0.102
Financial
Results
(billion yen)
Net sales and other
operating revenue
3,020.8 3,289.9 +269.0 8,745.2 9,293.0 +547.8
Operating income 228.5 177.2 -51.3 584.9 539.7 -45.2
Income before
income taxes
216.6 194.1 -22.4 554.2 572.7 +18.5
Equity in income of affiliates 31.6 28.5 -3.0 95.0 89.9 -5.1
Net income*1 160.7 136.5 -24.2 403.5 424.9 +21.3
Quarterly dividend per share (yen) 20 22 +2 60 66 +6
Honda’s
Average
Rate (yen)
USD = 100 114 Down by 14 yen 99 107 Down by 8 yen
EUR = 139 144 Down by 5 yen 134 141 Down by 7 yen

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

  FY14 results Previously announced FY15 forecasts
(2014/10/28)
Revised
FY15 forecasts
(2015/1/30)
Difference compared to FY14 results Difference compared to previously announced forecasts
Honda Group
Unit Sales*2
(million units)
Motorcycles 17.021 17.950 17.815 +0.794 -0.135
Automobiles*5 4.323 4.620 4.450 +0.127 -0.170
Power Products 6.036 6.185 6.120 +0.084 -0.065
Consolidated
Unit Sales*3
(million units)
Motorcycles 10.343 10.850 10.790 +0.447 -0.060
Automobiles*5 3.560 3.760 3.650 +0.090 -0.110
Power Products 6.036 6.185 6.120 +0.084 -0.065
Financial
Results/
Forecasts
(billion yen)
Net sales and other
operating revenue
11,842.4 12,750.0 12,900.0 +1,057.5 +150.0
Operating income 750.2 770.0 720.0 -30.2 -50.0
Income before income taxes 728.9 765.0 745.0 +16.0 -20.0
Equity in income
of affiliates
132.4 120.0 120.0 -12.4
Net income*1 574.1 565.0 545.0 -29.1 -20.0
Annual dividend per share (yen) 82 88 88 +6
Honda's
Average
Rate (yen)
USD = 100 104 109 Down by
9 yen
Down by
5 yen
EUR = 136 137 138 Down by
2 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 3rd quarter ended December 31, 2013 and 2014 are 33 thousand units and 40 thousand units, respectively. Honda Group Unit Sales and Consolidated Unit Sales of ATVs included in motorcycle business for the fiscal nine months ended December 31, 2013 and 2014 are 82 thousand units and 93 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.