01.Aug.2017 | ID: 111935

Consolidated Financial Summary for the Fiscal 1st Quarter

Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first quarter ended June 30, 2017

Consolidated operating profit for the fiscal first quarter (April 1, 2017 through June 30, 2017) amounted to 269.2 billion yen, an increase of 0.9% compared to the same period last year, due to profit-increasing factors such as an increase in profit related to changes in sales volume and model mix and cost reduction efforts. This was despite profit-reducing factors such as an increase in selling, general and administrative (SG&A) expenses. Consolidated profit before income taxes for the fiscal first quarter amounted to 335.0 billion yen, an increase of 16.1% compared to the same period last year. Consolidated profit for the fiscal first quarter attributable to owners of the parent amounted to 207.3 billion yen, an increase of 18.7% compared to the same period last year.

Reflecting the favorable currency effects recorded during the fiscal first quarter, the following upward revisions were made to the previously announced consolidated financial forecasts for the current fiscal year (April 1, 2017 through March 31, 2018). The forecast for consolidated sales revenue was revised upward by 300.0 billion yen to 14.5 trillion yen, operating profit was revised upward by 20.0 billion yen to 725.0 billion yen, and the forecast for profit for the current fiscal year attributable to owners of the parent was revised upward by 15.0 billion yen to 545.0 billion yen.

The quarterly dividend for the fiscal first quarter will be 24 yen per share (an increase of 2 yen per share compared to the same period last year), and total dividends to be paid for the fiscal year ending March 31, 2018 are expected to be 96 yen per share (an increase of 4 yen per share compared to the previous fiscal year).

Consolidated Financial Results for the Fiscal 1st Quarter

 

 

1st quarter

ended

June 30, 2016

(3 months period)

1st quarter

ended

June 30, 2017

(3 months period)

Difference

Honda Group
Unit Sales*1
(million units)

Motorcycles

4.352

4.699

+0.347

Automobiles*3

1.213

1.267

+0.054

Power Products

1.488

1.331

-0.157

Consolidated

Unit Sales*2

(million units)

Motorcycles

2.831

3.245

+0.414

Automobiles*3

0.908

0.900

-0.008

Power Products

1.488

1.331

-0.157

Financial
Results
(billion yen)

Sales revenue

3,471.7

3,713.0

+241.3

Operating profit

266.8

269.2

+2.3

Share of profit of investments accounted for using the equity method

27.2

52.9

+25.7

Profit before income taxes

288.4

335.0

+46.5

Profit for the period

attributable to owners of the

parent

174.6

207.3

+32.6

Quarterly dividend per share (yen)

22

24

+2

Honda’s
Average
Rate (yen)

USD=

108

111

Down by

3 yen

 

 

 

 

 

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

 

 

FY17 results

Previously announced FY18 forecasts

(2017/4/28)

Newly announced FY18 forecasts

(2017/8/1)

Difference compared to FY17 results

Difference compared to previously announced forecasts

Honda Group
Unit Sales*1
(million units)

Motorcycles

17.661

18.770

18.770

+1.109

-

Automobiles*3

5.028

5.080

5.080

+0.052

-

Power Products

6.121

6.165

6.165

+0.044

-

Consolidated

Unit Sales*2

(million units)

Motorcycles

11.237

12.220

12.220

+0.983

-

Automobiles*3

3.683

3.685

3.685

+0.002

-

Power Products

6.121

6.165

6.165

+0.044

-

Financial
Results/

Forecasts
(billion yen)

Sales revenue

13,999.2

14,200.0

14,500.0

+500.8

+300.0

Operating profit

840.7

705.0

725.0

-115.7

+20.0

Share of profit of investments accounted for using the equity method

164.7

175.0

180.0

+15.2

+5.0

Profit before income taxes

1,006.9

875.0

900.0

-106.9

+25.0

Profit for the year

attributable to owners of the

parent

616.5

530.0

545.0

-71.5

+15.0

Annual dividend per share (yen)

92

96

96

+4

Honda’s
Average
Rate (yen)

USD=

108

105

107

Up by

1 yen

Down by

2 yen

 

 

 

 

 

 

 

*1 Honda Group Unit Sales is the total unit sales of the completed products (motorcycles, ATVs, side-by-sides, 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, side-by-sides, 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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