News Releases 2016

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Corporate
Japan
August 2, 2016

Consolidated Financial Summary for the Fiscal 1st Quarter ended June 30, 2016

TOKYO, Japan, August 2, 2016 – Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first quarter ended June 30, 2016.

Consolidated operating profit for the fiscal first quarter (April 1, 2016 through June 30, 2016) amounted to 266.8 billion yen, an increase of 11.5% compared to the same period last year, due to cost reduction efforts, an increase in profit related to changes in sales volume and model mix, and a decrease in selling, general and administrative (SG&A) expenses that include quality-related expenses. This was despite unfavorable currency effects and the impact of the 2016 Kumamoto Earthquake. Consolidated profit before income taxes for the fiscal first quarter amounted to 288.4 billion yen, an increase of 2.2% compared to the same period last year. Due mainly to an increase in income tax expense, profit for the fiscal first quarter attributable to owners of the parent amounted to 174.6 billion yen, a decrease of 6.1% compared to the same period last year.

Consolidated financial forecasts for the current fiscal year ending March 31, 2017 remain unchanged from the forecasts announced previously.

The quarterly dividend for the fiscal first quarter will be 22 yen per share, and total cash dividends to be paid for the fiscal year ending March 31, 2017 are expected to be 88 yen per share.

Consolidated Financial Results for the Fiscal 1st Quarter

  1st quarter
ended
June 30, 2015
(3 months period)
1st quarter
ended
June 30, 2016
(3 months period)
Difference
Honda Group
Unit Sales*1
(million units)
Motorcycles 4.105 4.352 +0.247
Automobiles*3 1.147 1.213 +0.066
Power Products 1.558 1.488 -0.070
Consolidated
Unit Sales*2
(million units)
Motorcycles 2.545 2.831 +0.286
Automobiles*3 0.888 0.908 +0.020
Power Products 1.558 1.488 -0.070
Financial
Results
(billion yen)
Sales revenue 3,704.7 3,471.7 -233.0
Operating profit 239.2 266.8 +27.5
Share of profit of investments accounted for using the equity method 38.3 27.2 -11.0
Profit before income taxes 282.3 288.4 +6.1
Profit for the period attributable to owners of the parent 186.0 174.6 -11.3
Quarterly dividend per share (yen) 22 22 -
Honda’s
Average
Rate (yen)
USD= 121 108
Up by 13 yen

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

  FY16 results FY17 forecasts
(2016/8/2)
Difference
compared to
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 dividend 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.