Honda Releases Consolidated Financial Summary for the Fiscal 1st Quarter ended June 30, 2017

Aug 01, 2017 16:45 JST

Source: Honda Motor Co, Ltd

TOKYO, Aug 01, 2017 - (JCN Newswire) - Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first quarter ended June 30, 2017.

Consolidated operating profit for the fiscal first quarter (April 1, 2017 through June 30, 2017) amounted to 269.2 billion yen, an increase of 0.9% compared to the same period last year, due to profit-increasing factors such as an increase in profit related to changes in sales volume and model mix and cost reduction efforts. This was despite profit-reducing factors such as an increase in selling, general and administrative (SG&A) expenses. Consolidated profit before income taxes for the fiscal first quarter amounted to 335.0 billion yen, an increase of 16.1% compared to the same period last year. Consolidated profit for the fiscal first quarter attributable to owners of the parent amounted to 207.3 billion yen, an increase of 18.7% compared to the same period last year.

Reflecting the favorable currency effects recorded during the fiscal first quarter, the following upward revisions were made to the previously announced consolidated financial forecasts for the current fiscal year (April 1, 2017 through March 31, 2018). The forecast for consolidated sales revenue was revised upward by 300.0 billion yen to 14.5 trillion yen, operating profit was revised upward by 20.0 billion yen to 725.0 billion yen, and the forecast for profit for the current fiscal year attributable to owners of the parent was revised upward by 15.0 billion yen to 545.0 billion yen.

The quarterly dividend for the fiscal first quarter will be 24 yen per share (an increase of 2 yen per share compared to the same period last year), and total dividends to be paid for the fiscal year ending March 31, 2018 are expected to be 96 yen per share (an increase of 4 yen per share compared to the previous fiscal year).

Contact:

Honda
Media Inquiries
corporate_pr@hm.honda.co.jp
+81-3-5412-1512

Source: Honda Motor Co, Ltd
Sectors: Automotive

Related Press Release

GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series

April 25 2024 15:50 JST

Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada

April 25 2024 10:10 JST

Honda Unveils Next-generation EV Series for China

April 17 2024 11:15 JST

Nissan and Honda to start feasibility study of strategic partnership

March 18 2024 11:14 JST

Honda Presents World Premiere of Production Model of "CR-V e:FCEV" at H2 & FC EXPO Tokyo

March 01 2024 20:30 JST

HRC Enters CR ELECTRIC PROTO in International Electric Moto Racing Series

February 02 2024 18:13 JST

Honda to Make Organizational Changes (Effective April 1, 2024) to Further Accelerate the Transformation toward Electrification Business

January 22 2024 18:15 JST

Honda: Ricky Brabec Claims Second Victory at Dakar Rally 2024

January 22 2024 10:10 JST

Honda 2024 Motorsports Program Overview

January 19 2024 13:46 JST

Honda Begins Production of All-new BF350 Large-size Outboard Motor Equipped with V8 350-Horsepower Engine

January 15 2024 08:00 JST

More Press release >>

Latest Press Release

Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST

MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST

GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST

Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST

Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST

UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST

Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST

MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST

Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST

NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST

Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST

Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST

NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST

Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST

TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST

First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST

Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST

Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST

Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST

Fujitsu and Oracle collaborate to deliver sovereign cloud and AI capabilities in Japan
Apr 18, 2024 11:14 JST

More Latest Release >>