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Honda Motor Co., Ltd. Reports Consolidated Financial Results For The Fiscal First Quarter Ended June 30, 2013

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TOKYO, July 31, 2013 /PRNewswire/ -- Honda Motor Co., Ltd. (HMC; NYSE) today announced its consolidated financial results for the fiscal first quarter ended June 30, 2013.

First Quarter Results

Honda's consolidated net income attributable to Honda Motor Co., Ltd. for the fiscal first quarter ended June 30, 2013 totaled JPY 122.4 billion (USD 1,243 million), a decrease of 7.0% from the same period last year. Basic net income attributable to Honda Motor Co., Ltd. per common share for the quarter amounted to JPY 67.97 (USD 0.69), a decrease of JPY 5.12 (USD 0.05) from JPY 73.09 for the corresponding period last year. One Honda American Depository Share represents one common share.

Consolidated net sales and other operating revenue for the quarter amounted to JPY 2,834.0 billion (USD 28,746 million), an increase of 16.3% from the same period last year, due primarily to favorable foreign currency translation effects.

Consolidated operating income for the quarter amounted to JPY 184.9 billion (USD 1,876 million), an increase of 5.1% from the same period last year, due primarily to favorable foreign currency effects, despite a decrease in sales volume and model mix and increased R&D expenses.

Consolidated income before income taxes and equity in income of affiliates for the quarter totaled JPY 172.0 billion (USD 1,745 million), a decrease of 11.7% from the same period last year.

Equity in income of affiliates amounted to JPY 31.7 billion (USD 322 million) for the quarter, an increase of 53.2% from the corresponding period last year.

Business Segment

In automobile business operations, revenue increased 16.2%, to JPY 2,196.5 billion (USD 22,280 million) from the same period last year. Operating income totaled JPY 96.3 billion (USD 978 million), a decrease of 4.3% from the same period last year.

In motorcycle business operations, revenue increased 14.5%, to JPY 396.8 billion (USD 4,025 million) from the same period last year. Operating income totaled JPY 42.5 billion (USD 432 million), an increase of 15.7% from the same period last year.

In financial services business operations, revenue increased 26.0% JPY 165.3 billion (USD 1,678 million) from the same period last year. Operating income increased 9.3% to JPY 44.6 billion (USD 453 million) from the same period last year.

In power product and other businesses operations, revenue increased 11.5% to JPY 75.2 billion (USD 763 million) from the same period last year. Operating income increased by 3.6 billion to JPY 1.3 billion (USD 14 million) from the same period last year.

Forecasts for the Fiscal Year Ending March 31, 2014

In regard to the forecasts of the financial results for the fiscal year ending March 31, 2014, Honda projects consolidated results to be as shown below:

Fiscal year ending March 31, 2014

 


Yen (billions)

Changes from FY 2013

Net sales and other operating revenue

12,100

+ 22.5%

Operating income

780

+ 43.2%

Net income

580

+ 58.0%


Yen


Basic net income per common share

321.81


 

Dividend per Share of Common Stock for fiscal year 2014

The Board of Directors of Honda Motor Co., Ltd., at its meeting held on July 31, 2013, resolved to make the quarterly dividend JPY 20 per share of common stock, the record date of which is June 30, 2013. The total expected annual dividend per share of common stock for the fiscal year ending March 31, 2014, is JPY 80 per share.

This announcement contains "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based on management's assumptions and beliefs taking into account information currently available to it. Therefore, please be advised that Honda's actual results could differ materially from those described in these forward-looking statements as a result of numerous factors, including general economic conditions in Honda's principal markets and foreign exchange rates between the Japanese yen and the U.S. dollar, the Euro and other major currencies, as well as other factors detailed from time to time.

For Additional Information, Please visit;
http://world.honda.com/investors/library/financialresult/  

SOURCE Honda Motor Co., Ltd.



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http://world.honda.com

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