28.Apr.2017 | ID: 107131

Consolidated Financial Summary for the Fiscal Year and the Fiscal 4th Quarter ended March 31, 2017

Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal year and the fiscal fourth quarter ended March 31, 2017.

 

Consolidated operating profit for the fiscal year (April 1, 2016 through March 31, 2017) amounted to 840.7 billion yen, an increase of 67.0% compared to the previous fiscal year, due to profit-increasing factors such as an increase in unit sales due to the positive effect of new model introductions, a reduction of selling, general and administrative (SG&A) expenses that include quality-related expenses, cost reduction efforts and the positive effect of pension accounting. This was despite profit-reducing factors such as unfavorable currency effects and an increase in research and development (R&D) expenses. Consolidated profit for the fiscal year attributable to owners of the parent amounted to 616.5 billion yen, an increase of 79.0% compared to the previous fiscal year.

 

Consolidated operating profit for the fiscal fourth quarter (January 1, 2017 through March 31, 2017) amounted to 138.1 billion yen, an increase of 201.9 billion yen compared to the same period last year, due to profit-increasing factors such as a reduction of SG&A expenses that include quality-related expenses and cost reduction efforts. This was despite profit-reducing factors such as unfavorable currency effects and an increase in R&D expenses.

 

The quarterly dividend for the fiscal fourth quarter will be 24 yen per share, an increase of 2 yen per share compared to the same period last year. The total dividends to be paid for the fiscal year ended March 31, 2017 are planned to be 92 yen per share, an increase of 4 yen per share compared to the previous fiscal year. The year-end dividends are matters to be resolved at the general shareholders' meeting.

 

Consolidated Financial Results for the Fiscal Year ended March 31, 2017 (FY17)

 

 

FY16 results

Previously announced FY17 forecasts

(2017/2/3)

FY17 results

Difference compared to FY16 results

Difference compared to previously announced forecasts

Honda Group
Unit Sales*1
(million units)

Motorcycles

17.055

17.700

17.661

+0.606

-0.039

Automobiles*3

4.743

5.005

5.028

+0.285

+0.023

Power Products

5.965

6.060

6.121

+0.156

+0.061

Consolidated

Unit Sales*2

(million units)

Motorcycles

10.572

11.260

11.237

+0.665

-0.023

Automobiles*3

3.636

3.695

3.683

+0.047

-0.012

Power Products

5.965

6.060

6.121

+0.156

+0.061

Financial
Results
(billion yen)

Sales revenue

14,601.1

13,800.0

13,999.2

-601.9

+199.2

Operating profit

503.3

785.0

840.7

+337.3

+55.7

Share of profit of investments accounted for using the equity method

126.0

150.0

164.7

+38.7

+14.7

Profit before income taxes

635.4

925.0

1,006.9

+371.5

+81.9

Profit for the year

attributable to owners of the parent

344.5

545.0

616.5

+272.0

+71.5

Annual dividend per share

(yen)

88

92

92

+4

Honda’s
Average
Rate (yen)

USD=

120

107

108

Up by

12 yen

Down by

1 yen

 

 

 

 

 

 

               

 

 

 

 

 

 

 

 

 

Consolidated Financial Results for the Fiscal 4th Quarter

 

 

4th quarter

 ended

March 31, 2016

(3 months period)

4th quarter

ended

March 31, 2017

(3 months period)

Difference

Honda Group
Unit Sales*1
(million units)

Motorcycles

4.173

4.248

+0.075

Automobiles*3

1.229

1.285

+0.056

Power Products

1.955

2.218

+0.263

Consolidated

Unit Sales*2

(million units)

Motorcycles

2.633

2.689

+0.056

Automobiles*3

0.980

0.960

-0.020

Power Products

1.955

2.218

+0.263

Financial
Results
(billion yen)

Sales revenue

3,657.8

3,763.4

+105.5

Operating profit

(△ indicates the amount of loss)

△ 63.8

138.1

+201.9

Share of profit of investments accounted for using the equity method

8.3

48.5

+40.1

Profit before income taxes

(△ indicates the amount of loss)

△ 58.7

 186.9

+245.6

Profit for the period

attributable to owners of the

parent

(△ indicates the amount of loss)

△ 93.4

95.9

+189.4

Quarterly dividend per share (yen)

22

24

+2

Honda’s
Average
Rate (yen)

USD=

115

114

Up by 1 yen

 

 

 

 

 

Forecasts for the Fiscal Year ending March 31, 2018 (FY18)

 

 

FY17 results

FY18 forecasts

Difference

Honda Group
Unit Sales*1
(million units)

Motorcycles

17.661

18.770

+1.109

Automobiles*3

5.028

5.080

+0.052

Power Products

6.121

6.165

+0.044

Consolidated

Unit Sales*2

(million units)

Motorcycles

11.237

12.220

+0.983

Automobiles*3

3.683

3.685

+0.002

Power Products

6.121

6.165

+0.044

Financial
Results/

Forecasts
(billion yen)

Sales revenue

13,999.2

14,200.0

+200.8

Operating profit

840.7

705.0

-135.7

Share of profit of investments accounted for using the equity method

164.7

175.0

+10.2

Profit before income taxes

1,006.9

875.0

-131.9

Profit for the year

attributable to owners of the parent

616.5

530.0

-86.5

Annual dividend per share (yen)

92

96

+4

Honda’s
Average
Rate (yen)

USD=

108

105

Up by 3 yen

 

 

 

 

*1 Honda 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.

*2 Consolidated Unit Sales is the total unit sales of the completed products (motorcycles, ATVs, automobiles, power products) corresponding to consolidated sales revenue, which consists of unit sales of completed products of Honda and its consolidated subsidiaries.

*3 Certain 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 the 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.

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