TOKYO, Nov. 9, 2022
/PRNewswire/ --
- Despite some unfavorable factors such as a decrease in
automobile production and unit sales due to the impact of the
semiconductor supply shortage, and an increase in the cost of raw
materials, consolidated operating profit for the fiscal first half
(6 months) ended September 30, 2022,
amounted to 453.4 billion yen (a
year-on-year increase by 11.2 billion
yen). This was due primarily to pricing that reflects
increased product value, a reduction of incentives, an increase in
motorcycle unit sales and favorable currency effects.
- Consolidated profit for the fiscal first half (6 months)
attributable to owners of the parent amounted to 338.5 billion yen (a year-on-year decrease by
50.6 billion yen), due primarily to a
decrease in the share of profit of investments accounted for using
the equity method.
- Despite the impact of a decrease in automobile unit sales and
the forecasted continuation of upward pressure on costs, the
previously announced forecast for consolidated operating profit for
the current fiscal year ending March 31,
2023 (FY23) was revised upward by 40
billion yen to 870 billion yen
reflecting an increase in motorcycle unit sales in some countries
such as India and Vietnam and recent currency effects.
- The previously announced forecast for profit for the fiscal
year attributable to owners of the parent was revised upward by
15 billion yen to 725 billion yen.
I. Consolidated financial summary and
business-by-business results for the fiscal first half (6 months)
ended September 30, 2022
- Sales revenue: 8,085.3 billion
yen (a year-on-year increase of 15.7%)
Increase due primarily to higher motorcycle sales and favorable
currency effects.
- Operating profit: 453.4 billion
yen (a year-on-year increase of 2.5%)
- Profit for the period attributable to owners of the parent:
338.5 billion yen (a year-on-year
decrease of 13.0%).
1) Motorcycle business
Sales
revenue: 1,412.6 billion yen (a
year-on-year increase of 38.0%)
Increase due primarily to higher sales in Asia and favorable currency effects.
Operating profit: 224.7 billion
yen (a year-on-year increase of 51.7%)
Increase due primarily to an increase in profit attributable to
higher sales volume, price and cost impacts, and favorable currency
effects.
2) Automobile business
Sales
revenue: 5,003.9 billion yen (a
year-on-year increase of 12.8%)
Although sales decreased mainly in North
America, sales revenue experienced a year-on-year increase
due primarily to favorable currency effects.
Operating profit: 63.5 billion
yen (a year-on-year decrease of 45.7%)
Decrease due primarily to a decrease in profit attributable to
lower sales volume.
Combined with operating profit from financial services business
related to automobile sales, the estimated operating profit for
automobile business is 211.3 billion
yen.
3) Financial Services
business
Operating profit: 153.0 billion yen (a year-on-year decrease of
13.4%)
4) Power Product and Other
businesses
Operating profit: 12.0 billion yen (a year-on-year increase of
11.9 billion yen)
Aircraft/aircraft engine business, which is included in "Other
businesses," accounted for an operating loss of 12.0 billion yen.
II. Forecasts for the Fiscal Year Ending
March 31, 2023 (FY23)
- Sales revenue: 17,400 billion
yen
(upward revision of the previously announced
forecast by 650 billion yen)
- Operating profit: 870 billion
yen
(upward revision of the previously announced
forecast by 40 billion yen)
- Profit for the fiscal year attributable to owners of the
parent: 725 billion
yen
(upward revision of the previously announced
forecast by 15 billion yen)
Consolidated Financial Results for the Fiscal First Half
Ended September 30, 2022
|
|
Fiscal first half
ended
Sep. 30,
2021
(6 months
period)
|
Fiscal first half
ended
Sep. 30,
2022
(6 months
period)
|
Difference
|
|
Honda Group
Unit
Sales*1
(million
units)
|
Motorcycles
|
8.173
|
9.202
|
+1.029
|
|
Automobiles*3
|
1.915
|
1.785
|
-0.130
|
|
Power
Products
|
3.230
|
2.935
|
-0.295
|
|
Consolidated
Unit
Sales*2
(million
units)
|
Motorcycles
|
5.087
|
6.343
|
+1.256
|
|
Automobiles*3
|
1.182
|
1.093
|
-0.089
|
|
Power
Products
|
3.230
|
2.935
|
-0.295
|
|
Financial
Results
(billion
yen)
|
Sales
revenue
|
6,988.2
|
8,085.3
|
+1,097.0
|
|
Operating
profit
|
442.1
|
453.4
|
+11.2
|
|
Share of profit of
investments
accounted for using the
equity method
|
107.2
|
82.9
|
-24.3
|
|
Profit before income
taxes
|
560.3
|
515.8
|
-44.5
|
|
Profit for the
period
attributable to owners
of the
parent
|
389.2
|
338.5
|
-50.6
|
|
Honda's
Average
Rate (yen)
|
USD=
|
110
|
134
|
JPY depreciated
against the USD
by 24 yen/dollar
|
Forecasts for the Fiscal Year Ending March 31, 2023 (FY23)
|
|
FY22
results
|
Previous
FY23
forecasts
（2022/8/10）
|
Revised
FY23
forecasts
(2022/11/9)
|
Difference
compared to
FY22 results
|
Difference
compared
to previous
forecasts
|
|
Honda Group
Unit
Sales*1
(million
units)
|
Motorcycles
|
17.027
|
18.560
|
18.430
|
+1.403
|
-0.130
|
|
Automobiles*3
|
4.074
|
4.200
|
4.100
|
+0.026
|
-0.100
|
|
Power
Products
|
6.200
|
5.665
|
5.665
|
-0.535
|
―
|
|
Consolidated
Unit
Sales*2
(million
units)
|
Motorcycles
|
10.721
|
11.660
|
12.020
|
+1.299
|
+0.360
|
|
Automobiles*3
|
2.424
|
2.520
|
2.465
|
+0.041
|
-0.055
|
|
Power
Products
|
6.200
|
5.665
|
5.665
|
-0.535
|
―
|
|
Financial
Results
(billion
yen)
|
Sales
revenue
|
14,552.6
|
16,750.0
|
17,400.0
|
+2,847.3
|
+650.0
|
|
Operating
profit
|
871.2
|
830.0
|
870.0
|
-1.2
|
+40.0
|
|
Share of profit of
investments
accounted for using the
equity method
|
202.5
|
215.0
|
225.0
|
+22.4
|
+10.0
|
|
Profit before income
taxes
|
1,070.1
|
1,040.0
|
1,080.0
|
+9.8
|
+40.0
|
|
Profit for the
year
attributable to owners
of the parent
|
707.0
|
710.0
|
725.0
|
+17.9
|
+15.0
|
|
Annual dividend per
share (yen)
|
120
|
120
|
120
|
―
|
―
|
|
Honda's
Average
Rate (yen)
|
USD=
|
112
|
125
|
135
|
JPY to
depreciate
against the
USD by
22
yen/dollar
|
JPY to
depreciate
against the
USD by
10
yen/dollar
|
Supplemental data
Consolidated Financial
Results for the Fiscal 2nd Quarter Ended September 30, 2022
|
|
2nd quarter
ended
Sep. 30,
2021
(3 months
period)
|
2nd quarter
ended
Sep. 30,
2022
(3 months
period)
|
Difference
|
|
Honda Group
Unit
Sales*1
(million
units)
|
Motorcycles
|
4.294
|
4.951
|
+0.657
|
|
Automobiles*3
|
0.917
|
0.970
|
+0.053
|
|
Power
Products
|
1.522
|
1.389
|
-0.133
|
|
Consolidated
Unit
Sales*2
(million
units)
|
Motorcycles
|
2.695
|
3.371
|
+0.676
|
|
Automobiles*3
|
0.574
|
0.564
|
-0.010
|
|
Power
Products
|
1.522
|
1.389
|
-0.133
|
|
Financial
Results
(billion
yen)
|
Sales
revenue
|
3,404.3
|
4,255.7
|
+851.3
|
|
Operating
profit
|
198.9
|
231.2
|
+32.2
|
|
Share of profit of
investments
accounted for using the
equity method
|
51.3
|
60.3
|
+9.0
|
|
Profit before income
taxes
|
249.0
|
278.4
|
+29.3
|
|
Profit for the
period
attributable to owners
of the
parent
|
166.6
|
189.2
|
+22.5
|
|
Honda's
Average
Rate (yen)
|
USD=
|
110
|
138
|
JPY depreciated
against the USD
by 28 yen/dollar
|
|
*1
|
Honda Group Unit Sales
is the total unit sales of completed products (motorcycles, ATVs,
Side-by-Sides, automobiles, power products) of Honda, its
consolidated subsidiaries and its affiliates and joint ventures
accounted for using the equity method.
|
|
*2
|
Consolidated Unit Sales
is the total unit sales of completed products (motorcycles, ATVs,
Side-by-Sides, automobiles, power products) corresponding to
consolidated sales revenue, which consists of unit sales of
completed products of Honda and its consolidated
subsidiaries.
|
|
*3
|
Certain sales of
automobiles that are financed with residual value type auto loans
and others by our Japanese finance subsidiaries and provided
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.
|
For Additional Information, please visit:
https://global.honda/investors/library/financialresult.html
View original
content:https://www.prnewswire.com/news-releases/honda-motor-co-ltd-hmcnyse-announced-its-consolidated-financial-summary-for-the-fiscal-2nd-quarter-ended-september-30-2022-and-forecasts-for-the-fiscal-year-ending-march-31-2023-301673038.html
SOURCE Honda Motor Co., Ltd.