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Honda Motor Co., Ltd. Reports Consolidated Financial Results For The Fiscal Fourth Quarter Ended March 31, 2013


News provided by

Honda Motor Co., Ltd.

Apr 26, 2013, 07:00 ET

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TOKYO, April 26, 2013 /PRNewswire/ -- Honda Motor Co., Ltd. (HMC; NYSE) today announced its consolidated financial results for the fiscal fourth quarter ended March 31, 2013.

Fourth Quarter Results

Honda's consolidated net income attributable to Honda Motor Co., Ltd. for the fiscal fourth quarter ended March 31, 2013 totaled JPY 75.7 billion (USD 805 million), an increase of 5.8% from the same period last year. Basic net income attributable to Honda Motor Co., Ltd. per common share for the quarter amounted to JPY 42.03 (USD 0.45), an increase of JPY 2.31 (USD 0.02) from JPY 39.72 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 2,744.9 billion (USD 29,186 million), an increase of 14.1% from the same period last year, due primarily to increased revenue in automobile business operations as production recovered from the impact of Thai flood as well as favorable foreign currency translation effects.

Consolidated operating income for the quarter amounted to JPY 135.9 billion (USD 1,446 million), an increase of 21.4% from the same period last year, due primarily to an increase in cost reductions and favorable foreign currency effects, despite increased R&D expenses and SG&A expenses.

Equity in income of affiliates amounted to JPY 13.0 billion (USD 139 million) for the quarter, a decrease of 60.7% from the corresponding period last year.

Business Segment

In automobile business operation, revenue increased 15.8%, to JPY 2,136.9 billion (USD 22,721 million) from the same period last year. Operating income totaled JPY 77.2 billion (USD 822 million), an increase of 71.1% from the same period last year.

In motorcycle business operation, revenue increased 4.7%, to JPY 375.3 billion (USD 3,991 million) from the same period last year. Operating income totaled JPY 25.2 billion (USD 268 million), a decrease of 23.2% from the same period last year.

In financial services business operation, revenue increased 17.4% to JPY 151.4 billion (USD 1,611 million) from the same period last year. Operating income increased 13.8% to JPY 40.9 billion (USD 435 million) from the same period last year.

In power product and other businesses operation, revenue increased 11.9% to JPY 81.1 billion (USD 863 million) from the same period last year. Honda reported an operating loss of JPY 7.4 billion (USD 79 million), a deterioration of JPY 5.3 billion (USD 57 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 years 2013 and 2014

The Company plans to distribute year-end cash dividends of JPY 19 per share for the year ended March 31, 2013 subject to resolution at the ordinary general meeting of shareholders.

The Company expects to distribute quarterly cash dividends of JPY 20 per share for each quarter for the year ending March 31, 2014. As a result, total cash dividends for the year ending March 31, 2014 expected to be 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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