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 June 30, 2015 |
1st quarter June 30, 2016 |
Difference |
|
Honda Group |
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 |
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 |
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 |
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 Forecasts |
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 |
USD= |
120 |
105 |
Up by 15 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 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.
*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 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.