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Honda motorcycle sales continue to grow

News release

Honda Motor Co., Ltd. (HMC; NYSE) today announced its consolidated financial results for the fiscal fourth quarter and the fiscal year ended March 31, 2015.

Fourth Quarter Results

Honda's consolidated net income attributable to Honda Motor Co., Ltd. for the fiscal fourth quarter ended March 31, 2015 totaled JPY 97.8 billion (USD 814 million), a decrease of 42.6 percent from the same period last year. Basic net income attributable to Honda Motor Co., Ltd. per common share for the quarter amounted to JPY 54.29(USD 0.45), a decrease of JPY 40.32(USD 0.34) from JPY 94.61 for the corresponding period last year. One Honda American Depository Share represents one common share.

Consolidated net sales and other operating revenue (herein referred to as "revenue") for the quarter amounted to JPY 3,353.7 billion (USD 27,908 million), an increase of 8.3 percent from the same period last year, due primarily to increased revenue in motorcycle business operations, as well as favorable foreign currency translation effects, despite decreased revenue in automobile business operations.

Consolidated operating income for the quarter amounted to JPY 111.9 billion (USD 932 million), a decrease of 32.3 percent from the same period last year, due primarily to increased SG&A expenses including product warranty expenses as well as a decrease in sales volume and model mix, despite favorable foreign currency effects.

Consolidated income before income taxes and equity in income of affiliates for the quarter totaled JPY 116.8 billion (USD 972 million), a decrease of 33.1 percent from the same period last year.

Equity in income of affiliates amounted to JPY 36.6 billion (USD 305 million) for the quarter, a decrease of 1.9 percent from the corresponding period last year.

Business Segment

In motorcycle business operations, revenue increased 14.7 percent, to JPY 514.5 billion (USD 4,282 million) from the same period last year. Operating income totaled JPY 45.6 billion (USD 380 million), an increase of 6.2 percent from the same period last year.

In automobile business operations, revenue increased 6.2 percent, to JPY 2,524.7 billion (USD 21,010 million) from the same period last year. Operating income totaled JPY 20.8 billion (USD 173 million), a decrease of 71.5 percent from the same period last year.

In financial services business operations, revenue increased 17.9 percent, to JPY 221.3 billion (USD 1,842 million) from the same period last year. Operating income increased 2.5 percent to JPY 50.0 billion (USD 416 million) from the same period last year.

In power product and other businesses operations, revenue totaled to JPY 93.0 billion (USD 774 million), an increase of 12.5 percent from the same period last year. Honda reported an operating loss of JPY 4.5 billion (USD 38 million), a decline of 5.0 billion (USD 42 million) from the same period last year.

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