Honda Motor Co., Ltd. (HMC:NYSE) announced its consolidated financial results for the fiscal first quarter ended June 30, 2024
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:NYSE) ha riportato risultati finanziari solidi per il primo trimestre dell'anno fiscale 2024, terminato il 30 giugno. L'azienda ha registrato un aumento del volume di vendite globali nel suo settore motociclistico, in particolare in India e Brasile. Anche il settore automobilistico ha registrato buone performance, con forti vendite di modelli ibridi e un miglioramento dei prezzi che hanno contribuito all'aumento dei profitti in entrambi i segmenti rispetto all'anno precedente. Honda ha raggiunto un utile operativo di 484,7 miliardi di yen con un margine operativo del 9,0%.
Per l'intero anno fiscale che si chiuderà il 31 marzo 2025, Honda ha rivisto al ribasso la previsione di vendite di auto per la Cina di 220.000 unità, ma ha mantenuto le precedenti proiezioni per l'utile operativo, il margine operativo e l'utile netto. L'azienda ha anche annunciato iniziative per rafforzare la governance aziendale, tra cui la dismissione delle partecipazioni incrociate e il potenziamento della disciplina manageriale.
Honda Motor Co., (HMC:NYSE) reportó sólidos resultados financieros para el primer trimestre del año fiscal 2024, que terminó el 30 de junio. La compañía vio un aumento en el volumen de ventas globales en su negocio de motocicletas, particularmente en India y Brasil. El negocio de automóviles también tuvo un buen desempeño, con fuertes ventas de modelos híbridos y una mejora en los precios que contribuyó a aumentar las ganancias en ambos segmentos en comparación con el año anterior. Honda logró un beneficio operativo de 484.7 mil millones de yenes con un margen operativo del 9.0%.
Para el año fiscal completo que finaliza el 31 de marzo de 2025, Honda revisó a la baja su pronóstico de ventas de automóviles para China en 220.000 unidades, pero mantuvo sus proyecciones anteriores para el beneficio operativo, el margen operativo y el beneficio neto. La compañía también anunció iniciativas para fortalecer la gobernanza corporativa, incluyendo la eliminación de participaciones cruzadas y el fortalecimiento de la disciplina gerencial.
혼다 모터(주) (HMC:NYSE)는 2024 회계연도 1분기(6월 30일 종료)의 강력한 재무 결과를 보고했습니다. 이 회사는 특히 인도와 브라질에서 오토바이 사업의 글로벌 판매량 증가를 보았습니다. 자동차 사업도 잘 수행되어, 하이브리드 모델의 강력한 판매와 가격 개선이 두 부문 모두에서 지난해와 비교하여 이익 증가에 기여했습니다. 혼다는 484.7억 엔의 영업 이익을 달성했으며 영업 마진은 9.0%로 보고했습니다.
2025년 3월 31일 종료되는 전체 회계연도에 대해 혼다는 중국의 자동차 판매 예측을 22만 대 하향 조정했지만, 영업 이익, 영업 마진 및 순 이익에 대한 이전 예측은 유지했습니다. 또한, 혼다는 교차 지분 해소 및 경영 규율 강화를 포함한 기업 거버넌스를 강화할 계획을 발표했습니다.
Honda Motor Co., (HMC:NYSE) a annoncé des résultats financiers solides pour le premier trimestre de l'exercice 2024, se terminant le 30 juin. L'entreprise a constaté une augmentation du volume des ventes mondiales dans son secteur des motos, notamment en Inde et au Brésil. Le secteur automobile a également bien performé, avec de fortes ventes de modèles hybrides et une amélioration des prix, contribuant à une augmentation des bénéfices dans les deux segments par rapport à l'année précédente. Honda a réalisé un bénéfice d'exploitation de 484,7 milliards de yens avec une marge opérationnelle de 9,0%.
Pour l'ensemble de l'exercice qui se terminera le 31 mars 2025, Honda a révisé à la baisse sa prévision de ventes d'automobiles en Chine de 220 000 unités, mais a maintenu ses prévisions précédentes concernant le bénéfice d'exploitation, la marge d'exploitation et le bénéfice net. L'entreprise a également annoncé des initiatives pour renforcer la gouvernance d'entreprise, y compris la réduction des participations croisées et le renforcement de la discipline managériale.
Die Honda Motor Co., (HMC:NYSE) berichtete über starke Finanzergebnisse für das erste Quartal des Geschäftsjahres 2024, das am 30. Juni endete. Das Unternehmen verzeichnete einen Anstieg des globalen Verkaufsvolumens in seinem Motorradgeschäft, insbesondere in Indien und Brasilien. Auch das Automobilgeschäft zeigte gute Leistungen, mit starken Verkäufen von Hybridmodellen und einer Preisverbesserung, die zu steigenden Gewinnen in beiden Segmenten im Vergleich zum Vorjahr beitrug. Honda erzielte einen Betriebsgewinn von 484,7 Milliarden Yen mit einer Betriebsrendite von 9,0%.
Für das vollständige Geschäftsjahr, das am 31. März 2025 endet, hat Honda die Verkaufsprognose für Autos in China um 220.000 Einheiten nach unten revidiert, jedoch die bisherigen Prognosen für den Betriebsgewinn, die Betriebsrendite und den Nettogewinn beibehalten. Das Unternehmen kündigte außerdem Initiativen zur Stärkung der Unternehmensführung an, darunter die Aufhebung von Beteiligungen und die Verbesserung der Managementdisziplin.
- Operating profit increased to 484.7 billion yen with a 9.0% operating margin
- Global motorcycle sales volume increased, particularly in India and Brazil
- Automobile business showed strong performance, especially in hybrid model sales
- Improved pricing strategy led to increased profits in both motorcycle and automobile segments
- Downward revision of auto sales forecast for China by 220,000 units
Insights
Honda's Q1 FY2024 results demonstrate robust performance, with operating profit reaching
The company's initiative to unwind cross-shareholdings is a positive move towards improved corporate governance and capital efficiency. This strategic decision could potentially free up capital for more productive investments or shareholder returns. Overall, Honda's financial health appears strong, but investors should monitor the Chinese market situation closely.
Honda's Q1 performance reflects a positive trend in global motorcycle demand, especially in India and Brazil. This suggests economic resilience in these emerging markets, which could benefit other companies with exposure to these regions. In the automobile sector, the strong sales of hybrid models indicate a growing consumer preference for eco-friendly vehicles, aligning with global sustainability trends.
However, the downward revision of China auto sales forecasts is a red flag. It may signal broader challenges in the Chinese auto market, potentially affecting other global automakers. Investors should watch for similar revisions from Honda's competitors to gauge the extent of this market slowdown.
Honda's move to unwind cross-shareholdings is a significant step towards enhancing management discipline and corporate governance. This two-step approach of selling shares held by insurance companies and banks, followed by Honda's divestment of its own holdings, demonstrates a commitment to reducing potential conflicts of interest and improving capital allocation.
This action aligns with global best practices in corporate governance and could potentially lead to improved shareholder value. It may also result in a more focused business strategy and increased transparency. Investors should view this positively as it suggests Honda is proactively addressing governance concerns and prioritizing shareholder interests.
Q1 Ended June 30, 2024 Financial Results
- In motorcycle business operations, global sales volume increased, mainly in
India andBrazil . - Automobile business operations were robust as well. In addition to strong sales of hybrid models, the positive effect of pricing commensurate with improvement in product value led to increased profits in each of these business areas compared to the same period last year.
- Total Profit: Operating Profit
484.7 billion yen / Operating Margin9.0%
FYE March 31, 2025 Financial Forecast
- We have revised auto sales units for
China downward by 220,000 units. - Operating profit, operating margin and net profit attributable to the owners of the parent company remain unchanged from our previous forecast*.
*Previous forecast: announced on May 10th
Initiatives to further strengthen corporate governance
Honda strives to unwind cross-shareholdings at an early point, and further enhance the management discipline.
Step 1 ： | Conducted the secondary offering for Honda shares held by non-life insurance companies |
Step 2 ： | Conducted the sale of shares, held by Honda, of non-life insurance companies and banks. |
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.
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