CONNECT WITH US:
May 12, 2020 16:27 JST
Honda Releases Consolidated Financial Summary for the Fiscal 4th Quarter and the Fiscal Year Ended March 31, 2020
TOKYO, May 12, 2020 - (JCN Newswire) - Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal fourth quarter and the fiscal year ended March 31, 2020.
The spread of COVID-19 pandemic has stagnated both consumer spending and the economic activities of businesses on a global basis, and future prospects remain uncertain at this moment. Amid such circumstances, production, sales and other Honda business activities are being impacted in all regions, and consolidated financial results for the fiscal fourth quarter and the fiscal year ended March 31, 2020 stated below reflects such impact.
Consolidated sales revenue for the fiscal fourth quarter (January 1, 2020 through March 31, 2020) amounted to 3,458.0 billion yen, a decrease of 14.6% compared to the same period last year, due primarily to a decrease in sales revenue from automobile business. This was despite an increase in sales revenue from financial services business and other factors.
Consolidated operating profit for the fiscal fourth quarter amounted to - 5.6 billion yen (operating loss), a decrease of 47.9 billion yen compared to the same period last year, due primarily to a decrease in profit related to changes in sales revenue and model mix. This was despite the fact that operating profit from motorcycle business during the fiscal fourth quarter experienced a year-on-year increase due primarily to continuing cost reduction and a decrease in selling, general and administrative (SG&A) expenses.
Consolidated operating profit for the fiscal fourth quarter excluding currency effects, one-time issues and the impact of the spread of COVID-19 pandemic can be estimated to be a year-on-year increase of 32.4 billion yen. One-time issues include the impact of changes being made to automobile production operations. The impact of the spread of COVID-19 pandemic includes a decrease in unit sales, an increase in provision for sales incentives and an increase in provision for credit losses for financial services business.
Consolidated sales revenue for the fiscal year (April 1, 2019 through March 31, 2020) amounted to 14,931.0 billion yen, a decrease of 6.0% compared to the previous fiscal year, due primarily to a decrease in sales revenue from automobile business and negative foreign currency translation effects. This was despite an increase in sales revenue from the financial services business and other factors.
Consolidated operating profit for the fiscal year amounted to 633.6 billion yen, a decrease of 12.8% compared to the previous fiscal year, due primarily to a decrease in profit related to changes in sales revenue and model mix and negative currency effects. This was despite continuing cost reduction and a decrease in SG&A expenses.
Consolidated profit before income taxes for the fiscal year amounted to 789.9 billion yen, a decrease of 19.3% compared to the previous fiscal year. Consolidated profit for the fiscal year attributable to owners of the parent amounted to 455.7 billion yen, a decrease of 25.3% compared to the previous fiscal year.
Consolidated operating profit for the fiscal year in real terms, excluding currency effects, one-time issues and the impact of the spread of COVID-19 pandemic can be estimated to be a year-on-year increase of 100.8 billion yen.
The quarterly dividend for the fiscal fourth quarter will be 28 yen per share, and the total dividends to be paid for the fiscal year ended March 31, 2020 will be 112 yen per share, an increase of 1 yen per share compared to the previous fiscal year.
For more information, visit
Honda Motor Co., Ltd. (TSE:7267 / NYSE:HMC / LSE:HNDA) is one of the leading manufacturers of automobiles and power products and the largest manufacture of motorcycles in the world. Honda has always sought to provide genuine satisfaction to people worldwide. The result is more than 120 manufacturing facilities in 30 countries worldwide, producing a wide range of products, including motorcycles, ATVs, generators, marine engines, lawn and garden equipment and automobiles that bring the company into contact with over 19 million customers annually.
For more information, please visit
Copyright ©2020 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
Honda Sets Monthly Records for Automobile Production in China
May 28 2020 17:52 JST
Honda Releases Production, Sales and Export Results for March 2020 and April 2019 - March 2020
April 28 2020 15:54 JST
Announcement Regarding the Cancellation of the Third TOMODACHI Honda Global Leadership Program
April 20 2020 16:55 JST
General Motors and Honda to Jointly Develop Next-Generation Honda Electric Vehicles Powered by GM's Ultium Batteries
April 03 2020 08:50 JST
Honda e and CBR1000RR-R FIREBLADE win Design Awards in the "Red Dot Award: Product Design 2020"
March 30 2020 16:15 JST
Honda Announces Production, Sales and Export Results in February 2020
March 30 2020 16:10 JST
GAC Honda to Absorb Honda Automobile (China)
March 30 2020 08:10 JST
Honda to Introduce "e:PROGRESS" - First Commercial Energy Management Service with Flexible Tariff for EV Owners
March 04 2020 14:02 JST
The Closure of Automobile Production in the Philippines
February 22 2020 17:00 JST
Honda Powered F1 Cars Start Winter Testing
February 20 2020 08:00 JST
More Press release >>
Latest Press Release
TOYOTA GAZOO Racing to Make Virtual Le Mans Debut
Jun 05, 2020 17:34 JST
Toyota Mobility Foundation to Expand Provision of Connected and Sanitized Mobility Services to support Healthcare in Indonesia in Support of the Fight against COVID-19
Jun 05, 2020 17:22 JST
Six Companies Establish R&D Joint Venture for Commercial Vehicle Fuel Cell Systems for the Creation of a Hydrogen-based Society in China
Jun 05, 2020 17:01 JST
Singapore's LABMED shipped over 20 million masks to meet global demand
Jun 04, 2020 22:00 JST
Eisai: Brain Performance (Brain-Health) Self-Check Tool "NouKNOW" to be Used in Beauty Salons
Jun 04, 2020 11:43 JST
NEC's Netcracker 2020 Puts Service Providers at the Center of the Digital Economy
Jun 04, 2020 09:15 JST
Rakuten Mobile and NEC Agree to Jointly Develop Containerized Standalone 5G Core Network
Jun 03, 2020 10:34 JST
The Toyota Mobility Foundation and Partners Establish Digital Platform to Help Support People and Industry in Rural Germany
Jun 03, 2020 09:05 JST
Mitsubishi Corporation and NTT complete investment in HERE Technologies
Jun 02, 2020 14:54 JST
Toyota Announces its Line-up for the New GR Yaris in Japan
Jun 02, 2020 13:35 JST
Eisai Launches New Insomnia Drug Dayvigo (Lemborexant) CIV in the United States as a Treatment Option for Adults With Insomnia
Jun 02, 2020 11:05 JST
MHI RJ Aviation Group Launches as Mitsubishi Heavy Industries Ltd. Closes Acquisition of CRJ Series Program From Bombardier Inc.
Jun 02, 2020 10:23 JST
LEXUS previews the New IS
Jun 02, 2020 09:12 JST
DENSO and Certhon Establish DENSO AgriTech Solutions
Jun 01, 2020 12:48 JST
Fujitsu Signs Partnership Agreement with Scaled Agile, Inc., Driving Large-Scale Agile for Digital Transformation
Jun 01, 2020 12:01 JST
AbbVie and Eisai Announce an Approval for Partial Changes in the Marketing Approval of HUMIRA, a Fully Human Anti-TNFalpha Monoclonal Antibody
May 29, 2020 15:54 JST
Sharp Releases Notice of Corporate Spin-Off of the Display Device Business Division
May 29, 2020 15:47 JST
DENSO Announces Changes in the Areas of Responsibility of Senior Executive Officers and Executive Officers
May 29, 2020 12:05 JST
Eisai: Results from LENVIMA (lenvatinib) plus KEYTRUDA (pembrolizumab) Trials
May 29, 2020 11:31 JST
Hitachi Announces Change in the Effective Date for Company Split and Closing Date of Share Transfer
May 28, 2020 19:18 JST
More Latest Release >>