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Honda reports positive Q2

Slightly increased motorcycle sales and a surge in automobile sales led to a successful second quarter of the 2013 fiscal year for Honda Motor Co., Ltd.

The company reported a 20.4 percent increase in net sales and other operating income to ¥2.3 trillion, and operating income jumped 92.1 percent to ¥101 billion, compared to the year-ago quarter. Unit sales in Honda’s auto segment saw a 46.9 percent increase during the quarter to 996,000 units.

Motorcycle unit sales (including ATVs) increased 1.8 percent to 3.9 million units in Q2 compared to Q2 2011, and for the half were up 6.9 percent to 7.8 million units. Much of the quarterly increase came from Asia, which was up 133,000 units to 3.2 million, spurred mostly by sales in India. North America was also up, with an increase of 7,000 units to 60,000, driven by the positive impact of the NC700X, CRF250L and Metropolitan in the U.S., and increased sales of the CGL125 and positive impact of the GL150 and Dio110 in Mexico. However, sales of the FourTrax Rancher and Gold Wing decreased in the U.S. Motorcycle sales in Japan, Europe and other regions of the world dipped in Q2.

Honda forecasts that the year will continue on a high note, with net sales and other operating revenue expected to increase 23.3 percent to ¥9.8 trillion over 2012, and operating income to jump 124.8 percent to ¥520 billion. The 2013 forecast for motorcycle sales was revised to show a 3.3 percent increase over fiscal year 2012 to 15.6 million units; the original forecast projected a 10.2 percent jump.

To see Honda’s full second quarter financial report, click here.

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