TOKYO, Nov. 1, 2017 /PRNewswire/ -- Honda Motor
Co., Ltd. (HMC; NYSE) today announced its consolidated financial
results for the fiscal second quarter ended September 30, 2017.
Second Quarter Results
Honda's consolidated profit for the period attributable to
owners of the parent for the fiscal second quarter ended
September 30, 2017 totaled
JPY 174.0 billion (USD 1,544 million), a decrease of 1.7% from the
same period last year. Earnings per share attributable to owners of
the parent for the quarter amounted to JPY
96.55 (USD 0.86), a decrease
of JPY 1.71 (USD 0.02) from JPY
98.26 for the corresponding period last year. One Honda
American Depository Share represents one common share.
Consolidated sales revenue for the quarter amounted to
JPY 3,776.1 billion (USD 33,498 million), an increase of 15.7% from
the same period last year, due primarily to increased revenue in
all business operations as well as favorable foreign currency
translation effects.
Consolidated operating profit for the quarter amounted to
JPY 152.9 billion (USD 1,357 million), a decrease of 32.9% from the
same period last year, due primarily to the loss related to the
settlement of multidistrict class action litigation and the reverse
effect from the impact of pension plan amendments in the previous
fiscal year, despite an increase in sales volume and model mix and
decreased SG&A expenses.
Share of profit of investments accounted for using the equity
method for the quarter amounted to JPY 82.2
billion (USD 730 million), an
increase of 106.4% from the corresponding period last year.
Consolidated profit before income taxes for the quarter totaled
JPY 242.6 billion (USD 2,152 million), a decrease of 10.3% from the
same period last year.
Explanatory note:
United States dollar amounts have
been translated from yen solely for the convenience of the reader
at the rate of JPY
112.73=USD 1, the mean of the
telegraphic transfer selling exchange rate and the telegraphic
transfer buying exchange rate prevailing on the Tokyo foreign exchange market on September 30, 2017.
Forecasts for the Fiscal Year Ending March 31, 2018
In regard to the forecasts of the financial results for the
fiscal year ending March 31, 2018,
Honda projects consolidated results to be as shown below:
Fiscal year ending March 31,
2018
|
Yen
(billions)
|
Changes from
FY2017
|
|
|
|
Sales
revenue
|
15,050.0
|
+7.5%
|
Operating
profit
|
745.0
|
-11.4%
|
Profit before income
taxes
|
955.0
|
-5.2%
|
Profit for the
year
|
650.0
|
-4.3%
|
Profit for the year
attributable to
owners of the parent
|
585.0
|
-5.1%
|
|
Yen
|
|
Earnings per
share
attributable to owners of the parent
Basic and diluted
|
326.26
|
|
Dividend per Share of Common Stock
Fiscal second quarter dividend is JPY
24 per share of common stock. The total expected annual
dividend per share of common stock for the fiscal year ending
March 31, 2018, is JPY 96 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 the actual results of the Company
could differ materially from those described in these
forward-looking statements as a result of numerous factors,
including general economic conditions in the principal markets of
the Company, its consolidated subsidiaries and its affiliates
accounted for by the equity-method, and fluctuation of foreign
exchange rates, as well as other factors detailed from time to
time. The various factors for increases and decreases in profit
have been classified in accordance with a method that Honda
considers reasonable.
For Additional Information, please visit;
http://world.honda.com/investors/results.html
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SOURCE Honda Motor Co., Ltd.