ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
May 12, 2020 16:27 JST
Source:
Honda Motor Co, Ltd
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
https://bit.ly/2xYWYHs
.
Source: Honda Motor Co, Ltd
Sectors: Automotive
Copyright ©2025 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Latest Release
DENSO Acquires Axia Vegetable Seeds to Realize Sustainable Agriculture
Jul 04, 2025 16:20 JST
MHIET Launches 450kW Gas Cogeneration System Capable of Hydrogen Co-Firing
Jul 04, 2025 15:13 JST
Yachiyo Engineering and NEC launch adaptation finance study in Indonesia to calculate the adaptation value of disaster prevention measures
Jul 04, 2025 13:25 JST
Fujitsu to implement store monitoring solution for METRO Inc. in Canada, enhancing operational efficiency and policy compliance
Jul 04, 2025 13:19 JST
Fujitsu to develop ETF trading platform based on TSE's CONNEQTOR and provide it to Australian Securities Exchange
Jul 03, 2025 11:14 JST
Mitsubishi Motors Launches the All-New Grandis for the European Market
Jul 02, 2025 12:10 JST
Valuufy partners with Mainichi Future Creation Lab, Supporting New Approaches to Business Sustainability
Jul 02, 2025 12:00 JST
Fujitsu launches solution to enhance customers' global supply chain resilience
Jul 02, 2025 11:32 JST
MHI Receives Order to Supply Four Circulating Water Pumps for Units 5 and 6 of Sanmen Nuclear Power Plant in China Under Collaboration with Dongfang Electric Machinery
Jul 02, 2025 11:30 JST
Multi-purpose Arena in Odaiba Aomi Area TOYOTA ARENA TOKYO Construction Completed
Jul 01, 2025 22:56 JST
1Finity, a Fujitsu company, commences operations and reveals brand identity
Jul 01, 2025 22:53 JST
MHI Thermal Systems Begins Field Test of Jointly Developed "Surplus Renewable Energy Absorption and Release System"
Jul 01, 2025 22:40 JST
Japan's Telecommunications Carriers Strengthen Disaster Response Through Collaborative Information Sharing
Jul 01, 2025 22:30 JST
JCB and Mandai Wildlife Group Deepen Partnership with exclusive discounts for JCB cardmembers
Jul 01, 2025 16:00 JST
Fujitsu provides Japan's first AI-powered cloud-based library search service
Jul 01, 2025 11:30 JST
JCB Brings Apple Pay to Cardmembers in Vietnam
Jul 01, 2025 11:15 JST
First Shipment of LNG from the LNG Canada Project
Jul 01, 2025 11:00 JST
Approval in Principle (AiP) for World's First LCO2 / Methanol Carrier
Jun 30, 2025 20:30 JST
Acropolis Rally Greece: Day 4 Sunday success and second overall for TOYOTA GAZOO Racing's Ogier
Jun 30, 2025 20:15 JST
Mitsubishi Fuso-Hino Merger: 4 Firms Collaborate for the Future of Commercial Vehicles
Jun 30, 2025 20:10 JST
More Latest Release >>
Related Release
Six Companies Establish BlueRebirth Council to Expand Use of Recycled Materials in New Vehicles
6/30/2025 7:25:00 PM JST
Honda Changes Plan to Build New Production Plant for Next-generation Fuel Cell Module in Japan
6/30/2025 7:20:00 PM JST
Honda Opens "Honda Software Studio Osaka" as New Software Development Operation
6/26/2025 1:30:00 PM JST
Honda Issues "Honda ESG Report 2025"
6/26/2025 1:29:00 PM JST
Honda Celebrates 60th Anniversary of First F1 Victory with Special Events Program
6/17/2025 5:45:00 PM JST
Honda Teams to Compete in 2025 FIM Endurance World Championship "Coca-Cola" Suzuka 8 Hours Endurance Road Race 46th Tournament
6/16/2025 4:37:00 PM JST
Honda to Co-develop Refueling Port Connecting System for On-orbit Satellite Refueling with Astroscale
5/30/2025 11:54:00 AM JST
Honda Expands Production Capacity by Adding New Production Line at Fourth Motorcycle Plant in India
5/23/2025 12:17:00 PM JST
Honda Reaches 500 Million-Unit Milestone in Cumulative Global Motorcycle Production
5/23/2025 11:32:00 AM JST
Honda and Quemix Co-develop a New, World's First Quantum State Readout Technology
5/15/2025 1:37:00 PM JST
More Press release >>