Honda releases fiscal first half report
Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first half ended September 30, 2015.
Consolidated operating profit for the fiscal first half (April 1, 2015 through September 30, 2015) amounted to 404.1 billion yen, an increase of 7.9 percent compared to the same period last year, due to profit-increasing factors such as strong automobile sales in North America and Asia, positive effects of the all-new HR-V introduction in each region, as well as cost reduction efforts. This is despite profit-reducing factors such as an increase in selling, general and administrative (SG&A) expenses that include quality-related expenses. Consolidated profit for the fiscal first half attributable to owners of the parent amounted to 313.7 billion yen, an increase of 14 percent compared to the same period last year.
Reflecting the currency effects, the previously announced forecast for consolidated sales revenue for the current fiscal year (April 1, 2015 through March 31, 2016) was revised upward by 100 billion yen to 14.6 trillion yen. Reflecting an increase in automobile unit sales in the North America and Asia, and the positive effect of cost-reduction efforts, the forecast for consolidated operating profit for the current fiscal year will remain unchanged from the previous 685.0 billion yen. This is despite a decline in automobile unit sales in Japan and an increase in quality-related expenses. The forecasts for consolidated profit before income taxes and profit for the current fiscal year attributable to owners of the parent will remain unchanged from the forecasts announced previously.
The quarterly dividend for the fiscal second 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).
