ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
Home
Press release
Feb 07, 2020 16:31 JST
Source:
Honda Motor Co, Ltd
Honda Releases Consolidated Financial Summary for the Fiscal Q3 Ended December 31, 2019
TOKYO, Feb 07, 2020 - (JCN Newswire) - Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal third quarter ended December 31, 2019.
Consolidated sales revenue for the fiscal third quarter (October 1, 2019 through December 31, 2019) amounted to 3,747.5 billion yen, a decrease of 5.7% compared to the same period last year, due primarily to from financial services business and other factors. February 7, 2020 a decrease in sales revenue from automobile business as well as negative foreign currency translation effects. This was despite an increase in sales revenue
Consolidated operating profit for the fiscal third quarter amounted to 166.6 billion yen, a decrease of 2.1% compared to the same period last year, due primarily to a decrease in profit related to changes in sales revenue and model mix as well as negative currency effects. This was despite a decrease in selling, general and administrative (SG&A) expenses as well as continuing cost reduction.
Consolidated profit before income taxes for the fiscal third quarter amounted to 206.7 billion yen, a decrease of 8.9% compared to the same period last year. Consolidated profit for the fiscal third-quarter attributable to owners of the parent amounted to 116.4 billion yen, a decrease of 30.8% compared to the same period last year.
The previously announced forecast for consolidated operating profit for the current fiscal year (April 1, 2019 through March 31, 2020) was revised upward by 40.0 billion yen to 730.0 billion yen, a year-over-year increase, primarily to reflect an increase in unit sales in Japan, a decrease in SG&A expenses and foreign currency effects. Honda will continue to make steady progress in the improvement of profitability and strives to establish a business structure which generates profit more than that of the previous fiscal year.
The impact related to the spread of novel coronavirus infections is not reflected to the forecasts for the FY2020.
The quarterly dividend for the fiscal third quarter will be 28 yen per share, and total dividends to be paid for the fiscal year ending March 31, 2020 are expected to be 112 yen per share (an increase of 1 yen per share compared to the previous fiscal year).
For more information, visit
https://bit.ly/2S3fbuu
.
Source: Honda Motor Co, Ltd
Sectors: Automotive
Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Latest Release
Mitsubishi Shipbuilding Receives Order from the University of Tokyo for "MiPoLin" Power Prediction and Lines Selection System
Mar 28, 2024 16:45 JST
Mitsubishi Logisnext Completes Demonstration of Automated Truck Loading, Leading to Start of Actual Operations in Japan
Mar 28, 2024 13:52 JST
Toyota Releases Sales, Production, and Export Results for February 2024
Mar 28, 2024 13:35 JST
TANAKA to Install 500 kW Fuel Cell System to Promote the Use of Hydrogen Energy at Production Plants
Mar 28, 2024 03:00 JST
PEVE to change name to TOYOTA BATTERY Co., Ltd. and produce batteries for a wide range of electric vehicles
Mar 27, 2024 15:13 JST
NTT and Olympus Begin World's First Joint Demonstration Experiment of Cloud Endoscopy System
Mar 27, 2024 15:00 JST
TANAKA Holdings Announces Green Loan Financing for Construction of New Head Office Building
Mar 27, 2024 03:00 JST
JFE Steel and Hitachi Jointly Started Providing Solutions for the Steel Industry
Mar 26, 2024 19:04 JST
La Banque Postale and JCB join forces to elevate payments experience for travellers in France
Mar 26, 2024 15:00 JST
Fujitsu Tech Leverages AI and Underwater Drone Data for 'Ocean Digital Twin'
Mar 26, 2024 10:24 JST
NEC develops marketing strategy planning & effectiveness simulation technology using generative AI
Mar 25, 2024 10:08 JST
Toyota to Open New Tokyo Head Office in Shinagawa in FY2030
Mar 22, 2024 16:15 JST
Hitachi Selected as CDP Supplier Engagement Leader for the Third Consecutive Year
Mar 22, 2024 16:04 JST
Mitsubishi Motors Celebrates Production of 100,000th fully electric minivehicle
Mar 22, 2024 15:34 JST
JCB and AEON Credit Service Indonesia Launch the AEON JCB Precious Card
Mar 22, 2024 15:00 JST
JCB Issues White Paper on Calculating CO2 Emissions by Payment Method in Japan
Mar 22, 2024 12:00 JST
NEC and NTT successfully conduct first-of-its-kind long-distance transmission experiment over 7,000km using 12-core optical fiber
Mar 22, 2024 08:38 JST
Lifenet and Eisai Co-Develop Dementia Insurance "be"
Mar 21, 2024 17:36 JST
Toyota: Clarification of the Roles of and Expectations for Outside Executives, Revision of the Independence Assessment Criteria, and the Changes to Members of the Board of Directors and the Audit and Supervisory Board Members following the 120th Ordinary General Shareholders' Meeting
Mar 21, 2024 16:47 JST
Sales of Evolved GR Yaris to Start in April, While Purchasing Lotteries for WRC Driver-supervised Special Editions Start Today
Mar 21, 2024 16:31 JST
More Latest Release >>
Related Release
Nissan and Honda to start feasibility study of strategic partnership
3/18/2024 12:14:00 PM JST
Honda Presents World Premiere of Production Model of "CR-V e:FCEV" at H2 & FC EXPO Tokyo
3/1/2024 9:30:00 PM JST
HRC Enters CR ELECTRIC PROTO in International Electric Moto Racing Series
2/2/2024 7:13:00 PM JST
Honda to Make Organizational Changes (Effective April 1, 2024) to Further Accelerate the Transformation toward Electrification Business
1/22/2024 7:15:00 PM JST
Honda: Ricky Brabec Claims Second Victory at Dakar Rally 2024
1/22/2024 11:10:00 AM JST
Honda 2024 Motorsports Program Overview
1/19/2024 2:46:00 PM JST
Honda Begins Production of All-new BF350 Large-size Outboard Motor Equipped with V8 350-Horsepower Engine
1/15/2024 9:00:00 AM JST
Honda Presents World Premiere of the "Honda 0 Series" Represented by Two New Global EV Concept Models at CES 2024
1/10/2024 1:04:00 PM JST
Honda, Tokuyama, and Mitsubishi Corporation to Conduct Joint Demonstration of Decarbonizing Data Center Using By-product Hydrogen and Stationary Fuel Cell Power Station designed to Reuse Fuel Cell Systems from FCEVs
12/25/2023 12:08:00 PM JST
Isuzu, Honda Begin Demonstration Testing Today of Fuel Cell-Powered Heavy-duty Truck on Public Roads in Japan
12/25/2023 11:24:00 AM JST
More Press release >>