News Releases 2016

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Corporate
Japan
May 13, 2016

Consolidated Financial Summary for the Fiscal 4th Quarter and the Fiscal Year ended March 31, 2016

TOKYO, Japan, May 13, 2016 – Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal year and the fiscal fourth quarter ended March 31, 2016.

Consolidated operating profit for the fiscal year (April 1, 2015 through March 31, 2016) amounted to 503.3 billion yen, a decrease of 24.9% compared to the previous fiscal year, due to profit-reducing factors such as an increase in selling, general and administrative (SG&A) expenses that include quality-related expenses and unfavorable currency effects. This was despite profit-increasing factors such as an increase in profit related to the full model change of key models in North America and the introduction of HR-V in various regions as well as cost reduction efforts. Consolidated profit for the fiscal year attributable to owners of the parent amounted to 344.5 billion yen, a decrease of 32.4% compared to the previous fiscal year.

Consolidated operating loss for the fiscal fourth quarter (January 1, 2016 through March 31, 2016) amounted to 63.8 billion yen, declined by 149.9 billion yen compared to the same period last year, due to profit-reducing factors such as an increase in selling, general and administrative (SG&A) expenses that include quality-related expenses and unfavorable currency effects. This was despite profit-increasing factors such as an increase in profit related to changes in sales volume and model mix as well as cost reduction efforts.

The quarterly dividend for the fiscal fourth quarter will be 22 yen per share, which is the same amount as the quarterly dividend for the same period last year. The total cash dividends to be paid for the fiscal year ended March 31, 2016 are planned to be 88 yen per share. 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 March 31, 2015 (3 months period) 4th quarter ended March 31, 2016 (3 months period) Difference
Honda Group
Unit Sales*1
(million units)
Motorcycles 4.307 4.173 -0.134
Automobiles*3 1.069 1.229 +0.160
Power Products 2.022 1.955 -0.067
Consolidated Unit Sales*2 (million units) Motorcycles 2.777 2.633 -0.144
Automobiles*3 0.881 0.980 +0.099
Power Products 2.022 1.955 -0.067
Financial
Results
(billion yen)
Sales revenue 3,491.5 3,657.8 +166.3
Operating profit (△ indicates the amount of loss) 86.0 △63.8 -149.9
Share of profit of investments accounted for using the equity method 17.9 8.3 -9.5
Profit before income taxes (△ indicates the amount of loss) 107.6 △58.7 -166.3
Profit for the period attributable to owners of the parent (△ indicates the amount of loss) 81.9 △93.4 -175.3
Quarterly dividend per share (yen) 22 22
Honda’s
Average
Rate (yen)
USD= 119 115 Up by 4 yen

Consolidated Financial Results for the Fiscal Year ended March 31, 2016 (FY16)

  FY15 results Previously announced FY16 forecasts (2016/1/29) FY16 results Difference compared to FY15 results Difference compared to previously announced forecasts
Honda Group
Unit Sales*1
(million units)
Motorcycles 17.592 17.190 17.055 -0.537 -0.135
Automobiles*3 4.367 4.735 4.743 +0.376 +0.008
Power Products 5.983 5.925 5.965 -0.018 +0.040
Consolidated Unit Sales*2 (million units) Motorcycles 10.725 10.715 10.572 -0.153 -0.143
Automobiles*3 3.513 3.640 3.636 +0.123 -0.004
Power Products 5.983 5.925 5.965 -0.018 +0.040
Financial
Results
(billion yen)
Sales revenue 13,328.0 14,550.0 14,601.1 +1,273.0 +51.1
Operating profit 670.6 685.0 503.3 -167.2 -181.7
Share of profit of investments accounted for using the equity method 96.0 135.0 126.0 +29.9 -9.0
Profit before income taxes 806.2 805.0 635.4 -170.7 -169.6
Profit for the year attributable to owners of the parent 509.4 525.0 344.5 -164.9 -180.5
Annual cash dividends per share (yen) 88 88 88
Honda’s
Average
Rate (yen)
USD= 110 120 120 Down by 10 yen

Forecasts for the Fiscal Year ending March 31, 2017 (FY17)

  FY16 results FY17 forecasts Difference vs. FY16 results
Honda Group
Unit Sales*1
(million units)
Motorcycles 17.055 18.360 +1.305
Automobiles*3 4.743 4.915 +0.172
Power Products 5.965 6.060 +0.095
Consolidated Unit Sales*2 (million units) Motorcycles 10.572 11.545 +0.973
Automobiles*3 3.636 3.745 +0.109
Power Products 5.965 6.060 +0.095
Financial
Results/Forecasts
(billion yen)
Sales revenue 14,601.1 13,750.0 -851.1
Operating profit 503.3 600.0 +96.6
Share of profit of investments accounted for using the equity method 126.0 130.0 +3.9
Profit before income taxes 635.4 705.0 +69.5
Profit for the year attributable to owners of the parent 344.5 390.0 +45.4
Annual cash dividends per share (yen) 88 88
Honda’s
Average
Rate (yen)
USD= 120 105 Up by 15 yen
  • *1Honda Group Unit Sales is the total unit sales of the completed products (motorcycles, ATVs, automobiles, power products) of Honda, its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method
  • *2Consolidated Unit Sales is the total unit sales of completed products (motorcycles, ATVs, automobiles, power products) corresponding to consolidated sales revenue, which consists of unit sales of the completed products of Honda and its consolidated subsidiaries
  • *3Certain 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 IFRS and are not included in consolidated sales revenue to external customers in our automobile business. Accordingly, they are not included in Consolidated Unit Sales, but are included in Honda Group Unit Sales of our automobile business.