TOKYO, May 14, 2021 /PRNewswire/ --
* | To be implemented after the approval at the General Meeting of Shareholders. |
I. Consolidated financial summary for the fiscal year ended March 31, 2021(FY21)
II. Consolidated financial summary and business-by-business results for the fiscal fourth quarter (3 months) ended March 31, 2021(FY21)
1) Motorcycle business
Sales revenue: 529.1 billion yen (a year-on-year increase of 55.5 billion yen)
The increase was due to the recovery of sales mainly in Asia.
Operating profit: 72.2 billion yen (a year-on-year increase of 8.7 billion yen).
The increase was due primarily to an increase in profit related to changes in sales volume and model mix and cost reduction efforts.
2) Automobile business
Sales revenue: 2,418.4 billion yen (a year-on-year increase of 79.6 billion yen)
The increase was due primarily to an increase in sales in Asia. This was despite a decrease in sales in some regions including the U.S. and Europe.
Operating profit: 37.6 billion yen (a year-on-year increase of 113.3 billion yen)
The increase was due primarily to control of SG&A expenses and an increase in profit related to changes in sales volume and model mix.
Combined with operating profit from financial services business related to automobile sales, the estimated operating profit for automobile business is 140.4 billion yen.
3) Financial Services business
Operating profit: 106.3 billion yen (a year-on-year increase of 83.4 billion yen)
The increase was due primarily to a year-on-year difference in the amount of the provision for credit losses recorded.
4) Life Creation (power products) and Other businesses
Operating loss: 3.0 billion yen (a year-on-year improvement of 13.3 billion yen)
Aircraft/aircraft engine business, which is included in "Other businesses," accounted to an operating loss of 7.8 billion yen.
III. Forecasts for the Fiscal Year Ending March 31, 2022(FY22)
Despite the impact of an increase in raw material prices and a year-on-year difference in the amount of the provision for credit losses recorded, Honda plans to achieve a consolidated operating profit of 660 billion yen for the fiscal year ending March 31, 2022 (FY22), equivalent to that of FY21, by increasing unit sales and making progress in initiatives to solidify its existing businesses, which includes optimization of production capacity and increasing development efficiency.
Consolidated Financial Results for the Fiscal 4th Quarter ended March 31, 2021(FY21)
4th quarter ended Mar. 31, 2020 (3 months period) | 4th quarter ended Mar 31, 2021 (3 months period) | Difference | ||
Honda Group Unit Sales*1 (million units) | Motorcycles | 4.302 | 4.541 | +0.239 |
Automobiles*3 | 0.981 | 1.121 | +0.140 | |
Life Creation | 2.071 | 1.768 | -0.303 | |
Consolidated Unit Sales*2 (million units) | Motorcycles | 2.694 | 3.001 | +0.307 |
Automobiles*3 | 0.777 | 0.718 | -0.059 | |
Life Creation | 2.071 | 1.768 | -0.303 | |
Financial Results (billion yen) | Sales revenue | 3,458.0 | 3,623.8 | +165.7 |
Operating profit | -5.6 | 213.2 | +218.8 | |
Share of profit of investments accounted for using the equity method | 14.4 | 68.1 | +53.6 | |
Profit before income taxes | 3.7 | 255.3 | +251.5 | |
Profit for the period attributable to owners of the parent | -29.5 | 213.3 | +242.8 | |
Quarterly dividend per share (yen) | 28 | 54 | +26 | |
Honda's Average Rate (yen) | USD= | 109 | 106 | JPY appreciated |
Consolidated Financial Results for the Fiscal Year Ended March 31, 2021(FY21)
FY20 results | Previous FY21 forecasts ?2021/2/9? | FY21 Results (2021/5/14? | Difference compared to FY20 results | Difference compared to previous forecasts | ||
Honda Group Unit Sales*1 (million units) | Motorcycles | 19.340 | 15.000 | 15.132 | -4.208 | +0.132 |
Automobiles*3 | 4.790 | 4.500 | 4.546 | -0.244 | +0.046 | |
Life Creation | 5.701 | 5.500 | 5.623 | -0.078 | +0.123 | |
Consolidated Unit Sales*2 (million units) | Motorcycles | 12.426 | 10.185 | 10.264 | -2.162 | +0.079 |
Automobiles*3 | 3.318 | 2.615 | 2.617 | -0.701 | +0.002 | |
Life Creation | 5.701 | 5.500 | 5.623 | -0.078 | +0.123 | |
Financial Results (billion yen) | Sales revenue | 14,931.0 | 12,950.0 | 13,170.5 | -1,760.4 | +220.5 |
Operating profit | 633.6 | 520.0 | 660.2 | +26.5 | +140.2 | |
Share of profit of investments accounted for using the equity method | 164.2 | 235.0 | 272.7 | +108.5 | +37.7 | |
Profit before income taxes | 789.9 | 745.0 | 914.0 | +124.1 | +169.0 | |
Profit for the year attributable to owners of the parent | 455.7 | 465.0 | 657.4 | +201.6 | +192.4 | |
Annual dividend per share (yen) | 112 | 82 | 110 | -2 | +28 | |
Honda's Average Rate (yen) | USD= | 109 | 105 | 106 | JPY appreciated against the | JPY |
Forecasts for the Fiscal Year Ending March 31, 2022 (FY22)
FY21 results | FY22 forecasts ?2021/5/14? | Difference compared to FY21 results | ||
Honda Group Unit Sales*1 (million units) | Motorcycles | 15.132 | 18.000 | +2.868 |
Automobiles*3 | 4.546 | 5.000 | +0.454 | |
Life Creation | 5.623 | 5.900 | +0.277 | |
Consolidated Unit Sales*2 (million units) | Motorcycles | 10.264 | 11.860 | +1.596 |
Automobiles*3 | 2.617 | 3.030 | +0.413 | |
Life Creation | 5.623 | 5.900 | +0.277 | |
Financial Results/ Forecasts (billion yen) | Sales revenue | 13,170.5 | 15,200.0 | +2,029.4 |
Operating profit | 660.2 | 660.0 | -0.2 | |
Share of profit of investments accounted for using the equity method | 272.7 | 220.0 | -52.7 | |
Profit before income taxes | 914.0 | 870.0 | -44.0 | |
Profit for the year attributable to owners of the parent | 657.4 | 590.0 | -67.4 | |
Annual dividend per share (yen) | 110 | 110 | ? | |
Honda's Average Rate (yen) | USD= | 106 | 105 | JPY to appreciate |
*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 by our Japanese finance subsidiaries and sold 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
SOURCE Honda Motor Co., Ltd.
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