Welcome to our dedicated page for Honda Motor Co., Ltd. American Depositary Share, each representing three (3) shares of news (Ticker: HMC), a resource for investors and traders seeking the latest updates and insights on Honda Motor Co., Ltd. American Depositary Share, each representing three (3) shares of stock.
Honda Motor Co., Ltd. (symbol: HMC) is a renowned Japanese multinational conglomerate that specializes in the production of automobiles, motorcycles, and power equipment. Headquartered in Minato, Tokyo, Japan, Honda has established itself as a leading name in the global automotive industry.
Incorporated in 1948, Honda initially made its mark as a motorcycle manufacturer. Over the years, the company expanded its product lines to include automobiles and power products such as boat engines, generators, and lawnmowers. Honda's innovative approach and commitment to quality have made it a household name worldwide.
As of fiscal 2023, Honda sold a combined total of 22.4 million automobiles and motorcycles. This includes 3.7 million automobiles, underscoring the company's significant presence in the global market. Honda's consolidated sales reached JPY 16.9 trillion, with automobiles accounting for 63% of revenue and motorcycles 17%. The remaining revenue is derived from power products and financial services, showcasing the company's diversified portfolio.
Honda is not just limited to motor vehicles; the company is also involved in the production of robots and private jets. This diversification highlights Honda's commitment to innovation and technological advancement.
Recent Achievements and Projects:
- On June 23, 2023, Honda filed its annual report on Form 20-F for the fiscal year ended March 31, 2023. This report outlines the company's financial performance and strategic initiatives.
- On August 9, 2023, Honda announced its consolidated financial results for the fiscal first quarter ended June 30, 2023. These results are indicative of Honda's market resilience and strategic growth.
- Honda has also been active in the clean-tech sector. On November 6, 2023, Honda invested in Princeton NuEnergy (PNE), a company specializing in lithium-ion battery recycling. This investment is part of Honda's broader vision to achieve 100% sustainable materials usage by 2050.
- On November 9, 2023, Honda released its consolidated financial results for the fiscal second quarter and the first half year ended September 30, 2023, reinforcing its commitment to transparency and shareholder value.
Honda's commitment to sustainability and innovation is evident in its various initiatives and partnerships. The company is striving to achieve carbon neutrality for all its products and corporate activities by 2050. Additionally, Honda aims to eliminate traffic collision fatalities involving its automobiles and motorcycles through advanced safety technologies.
With a global workforce of approximately 220,000 associates, Honda operates in more than 60 manufacturing plants across 27 countries. The company's extensive global footprint enables it to deliver over 30 million products annually, meeting the diverse needs of customers worldwide.
Honda Motor Co., Ltd. continues to be a pioneering force in the automotive industry, leveraging its rich heritage and innovative spirit to drive future growth and sustainability.
Honda Motor reported its fiscal first half-year results ending September 30, 2024, with an operating profit of 742.6 billion yen and a 6.9% operating margin. Automobile sales increased by 64,000 units globally, driven by ICE/HEV models and EV sales in North America, though group unit sales decreased by 155,000 units due to lower China sales. Motorcycle business showed strong performance, reaching 10 million units in Q2. The company maintains its fiscal year forecast with operating profit at 1,420.0 billion yen, despite increased EV incentives in North America. Honda announced an interim dividend of 34 yen per share and approved an additional 100 billion yen share buyback.
Honda Motor Co., (HMC:NYSE) reported strong financial results for Q1 FY2024 ended June 30. The company saw increased global sales volume in its motorcycle business, particularly in India and Brazil. The automobile business also performed well, with strong sales of hybrid models and improved pricing contributing to increased profits in both segments compared to the previous year. Honda achieved an operating profit of 484.7 billion yen with an operating margin of 9.0%.
For the full fiscal year ending March 31, 2025, Honda revised its auto sales forecast for China downward by 220,000 units but maintained its previous projections for operating profit, operating margin, and net profit. The company also announced initiatives to strengthen corporate governance, including unwinding cross-shareholdings and enhancing management discipline.
Honda Motor Co., (HMC) has filed its annual report on Form 20-F for the fiscal year ending March 31, 2024, with the Securities and Exchange Commission.
The report provides comprehensive details about Honda's financial performance, including revenue, earnings, and other key metrics. It is available online at the SEC's website and Honda's investor relations page.
Investors and stakeholders can access the full report to gain insights into the company's performance and strategic direction.
Honda and LG Energy Solution (LGES) have commenced construction on a new joint venture EV battery plant in Fayette County, Ohio, marking an initial investment of $3.5 billion projected to reach $4.4 billion. The facility, covering over 2 million sq. ft., aims to be operational by the end of 2024 and will support mass production of lithium-ion batteries for Honda's EV production by late 2025. The JV is anticipated to create 2,200 jobs and will produce approximately 40GWh of batteries annually. Honda, aiming for carbon neutrality by 2050, plans to invest an additional $700 million in Ohio for re-tooling existing plants for EV production.
Honda reported a consolidated operating profit of 733.9 billion yen for the nine months ending December 31, 2022, an increase of 62.2 billion yen year-on-year, despite challenges from semiconductor shortages and rising production costs due to inflation. The company's sales revenue rose to 12,523.4 billion yen, up 17.3% compared to the previous year, attributed to increased motorcycle sales and favorable currency effects. Honda maintained its FY23 operating profit forecast of 870.0 billion yen and announced a share buyback worth 70.0 billion yen to enhance capital efficiency. Profit attributable to owners reached 583.1 billion yen, reflecting a slight increase of 0.2%.
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