TOKYO, Nov. 6, 2024
/PRNewswire/ -- Honda Motor Co., Ltd. today announced its
consolidated financial results for the fiscal first half year ended
September 30, 2024.
Six Months Ended September 30,
2024 (Apr. – Sep.)
- Total Profit: Operating Profit 742.6 bil. yen / Operating
Margin 6.9%
- In automobile business operations, consolidated unit sales
increased by 64 thousand units mainly due to strong sales of ICE /
HEV models and start of full-scale EV sales in North America from the same period of the
previous year. Group unit sales decreased by 155 thousand units
mainly due to the decrease in sales in China.
- In motorcycle business operations, global sales remained
strong, achieving a total of 10 million units for the cumulative
second quarter.
- The operating cash flow after R&D adjustment remained at
the same level as the same period last year at 1 trillion
285.1 billion yen.
Financial Forecast for FYE March
31, 2025
- Total Profit: Operating Profit 1,420.0 bil. yen / Profit for
the year 950.0 bil. yen
- Although operating profit has been affected by an increase in
incentive for EV sales in North
America, it remains unchanged from our previous forecast*
mainly due to the recovery in motorcycle business.
- Profit for the year decreased by 50 bil. yen from our previous
forecast* mainly due to the decrease of share of profit of
investments accounted for using the equity method.
*Previous forecast: announced on August
7
Returning profit to shareholders
- The interim dividend were set at 34
yen.
- The annual dividend will be 68
yen. (unchanged from our previous
forecast*)
- The Board of Directors has approved acquisition of the
Company's own shares of 100.0 bil. yen, in addition to the 300.0
bil. yen share buyback resolution made on May 10.
Honda's financial results can be accessed from following web
site address.
https://global.honda/en/investors/library/documents.html
SOURCE: Honda Motor Co., Ltd
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SOURCE Honda Motor Co., Ltd.