Honda Motor Co., Ltd. (HMC:NYSE) announced its consolidated financial results for the fiscal first half year ended September 30, 2024
Six Months Ended
- 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 inChina . - 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 onAugust 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 .
https://global.honda/en/investors/library/documents.html
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