Honda Motor Co., Ltd. (HMC:NYSE) announced its consolidated financial results for the fiscal second quarter and the fiscal first half year ended September 30, 2023

Rhea-AI Summary

Honda Motor Co., Ltd. (HMC) announces improved profitability in both motorcycle and automobile operations for the fiscal second quarter and first half year ended September 30, 2023. Operating profit reached 696.5 billion yen with an operating margin of 7.2%. Despite challenges in China and Asia, sales revenue, operating profit, and profit for the period are revised upward from the previous forecast. The company also increased dividends from 150 yen to 174 yen and has acquired approximately ¥163.5B of its own stock.

Positive

• Improved profitability in both motorcycle and automobile operations
• Operating profit of 696.5 billion yen with an operating margin of 7.2%
• Revised upward sales revenue, operating profit, and profit for the period from the previous forecast
• Increased dividends from 150 yen to 174 yen
• Acquired approximately ¥163.5B of its own stock

Negative

• None.

TOKYO, Nov. 9, 2023 /PRNewswire/ --  Honda Motor Co., Ltd. today announced its consolidated financial results for the fiscal second quarter and the fiscal first half year ended September 30, 2023.

FY24 Results

• In addition to highly profitable Motorcycle operations, profitability of Automobile operations improved significantly due to the recovery in production volume mainly in North America through delivering the competitive products to our customers, achieved operating profit 696.5 billion yen / Operating Margin 7.2%

FY24 Forecast

• Although environment has been challenging in China and Asia, revised sales revenue, operating profit and profit for the period upward from the previous forecast*, reflecting further strengthening of our earnings structure as well as favorable currency effects.

*Previous forecast: announced on August 9^th

Returning profit to shareholders

• Dividends : 150 yen ⇒ 174 yen (forecast*)
• Status of acquisition of company's own stock : App. ¥163.5B has been acquired compared to ¥200.0B announced on 5/11 (as of 10/31)

*Forecast for the full-year dividend per share is calculated based on the share before the stock split 

Honda's financial results can be accessed from following web site address.
https://global.honda/investors/library/financialresult.html

 

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SOURCE Honda Motor Co., Ltd.

FAQ

What were Honda Motor Co., Ltd.'s (HMC) operating profit and margin for the fiscal second quarter and first half year ended September 30, 2023?

Honda Motor Co., Ltd. (HMC) reported an operating profit of 696.5 billion yen with an operating margin of 7.2%.

What changes were made to the sales revenue, operating profit, and profit for the period from the previous forecast?

Sales revenue, operating profit, and profit for the period were revised upward from the previous forecast.

How much were Honda Motor Co., Ltd.'s (HMC) dividends increased to?

Honda Motor Co., Ltd. (HMC) increased dividends from 150 yen to 174 yen.

How much of its own stock has Honda Motor Co., Ltd. (HMC) acquired?

Honda Motor Co., Ltd. (HMC) has acquired approximately ¥163.5B of its own stock.