TOKYO, Japan, July 31, 2015 – Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first quarter ended June 30, 2015.
Consolidated operating profit for the fiscal first quarter (April 1, 2015 through June 30, 2015) amounted to 239.2 billion yen, an increase of 16.4% compared to the same period last year, due to profit-increasing factors including strong sales in North America, positive effects of the all-new HR-V introduction as well as cost reduction efforts. This was despite profit-reducing factors such as an increase in selling, general and administrative (SG&A) expenses that include quality-related expenses. Consolidated profit before income taxes for the fiscal first quarter amounted to 282.3 billion yen, an increase of 15.9% compared to the same period last year. Profit for the fiscal first quarter attributable to owners of the parent amounted to 186.0 billion yen, an increase of 19.6% compared to the same period last year.
Consolidated financial forecasts for the fiscal year ending March 31, 2016 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, 2016 are expected to be 88 yen per share.
All consolidated financial results for FY15, and results and forecasts for FY16 shown in this document are based on International Financial Reporting Standards (IFRS).
Consolidated Financial Results for the Fiscal 1st Quarter
| 1st quarter ended June 30, 2014 (3 months period) |
1st quarter ended June 30, 2015 (3 months period) |
Difference | ||
| Honda Group Unit Sales *1 (million units) |
Motorcycles | 4.352 | 4.105 | -0.247 |
| Automobiles *3 | 1.093 | 1.147 | +0.054 | |
| Power Products | 1.577 | 1.558 | -0.019 | |
| Consolidated Unit Sales *2 (million units) |
Motorcycles | 2.503 | 2.545 | +0.042 |
| Automobiles *3 | 0.896 | 0.888 | -0.008 | |
| Power Products | 1.577 | 1.558 | -0.019 | |
| Financial Results (billion yen) |
Sales revenue | 3,206.7 | 3,704.7 | +498.0 |
| Operating profit | 205.5 | 239.2 | +33.7 | |
| Share of profit of investments accounted for using the equity method | 36.2 | 38.3 | +2.0 | |
| Profit before income taxes | 243.5 | 282.3 | +38.7 | |
| Profit for the period attributable to owners of the parent |
155.6 | 186.0 | +30.4 | |
| Quarterly dividend per share (yen) | 22 | 22 | - | |
| Honda’s Average Rate (yen) |
USD = | 102 | 121 | Down by 19 yen |
Forecast for the Fiscal Year ending March 31, 2016 (FY16)
| FY15 results | FY16 forecasts (2015/7/31) |
Difference compared to FY15 results | ||
| Honda Group Unit Sales *1 (million units) |
Motorcycles | 17.592 | 18.225 | +0.633 |
| Automobiles *3 | 4.367 | 4.715 | +0.348 | |
| Power Products | 5.983 | 6.360 | +0.377 | |
| Consolidated Unit Sales *2 (million units) |
Motorcycles | 10.725 | 11.075 | +0.350 |
| Automobiles *3 | 3.513 | 3.715 | +0.202 | |
| Power Products | 5.983 | 6.360 | +0.377 | |
| Financial Results/ Forecasts (billion yen) |
Sales revenue | 13,328.0 | 14,500.0 | +1,171.9 |
| Operating profit | 670.6 | 685.0 | +14.3 | |
| Share of profit of investments accounted for using the equity method | 96.0 | 135.0 | +38.9 | |
| Profit before income taxes | 806.2 | 805.0 | -1.2 | |
| Profit for the year attributable to owners of the parent |
509.4 | 525.0 | +15.5 | |
| Annual dividend per share (yen) | 88 | 88 | - | |
| Honda’s Average Rate (yen) |
USD = | 110 | 115 | Down by 5 yen |
- *1Honda Group Unit Sales is the total unit sales of completed products (motorcycles, ATVs, automobiles, power products) of Honda, its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method.
- *2Consolidated 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 completed products of Honda and its consolidated subsidiaries.
- *3Certain 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.