Honda Motor Co., Ltd. (HMC:NYSE) announced its consolidated financial results for the fiscal first half year ended September 30, 2024
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 ha riportato i risultati del primo semestre fiscale terminato il 30 settembre 2024, con un utile operativo di 742,6 miliardi di yen e un margine operativo del 6,9%. Le vendite di automobili sono aumentate di 64.000 unità a livello globale, sostenute dai modelli ICE/HEV e dalle vendite di veicoli elettrici in Nord America, sebbene le vendite complessive del gruppo siano diminuite di 155.000 unità a causa del calo delle vendite in Cina. Il business delle motociclette ha mostrato una forte performance, raggiungendo 10 milioni di unità nel secondo trimestre. L'azienda mantiene le previsioni per l'anno fiscale con un utile operativo di 1.420,0 miliardi di yen, nonostante l'aumento degli incentivi per i veicoli elettrici in Nord America. Honda ha annunciato un dividendo intermedio di 34 yen per azione e ha approvato un ulteriore programma di riacquisto di azioni per 100 miliardi di yen.
Honda Motor anunció sus resultados del primer semestre fiscal que terminó el 30 de septiembre de 2024, con un beneficio operativo de 742,6 mil millones de yenes y un margen operativo del 6,9%. Las ventas de automóviles aumentaron en 64,000 unidades a nivel global, impulsadas por modelos ICE/HEV y ventas de vehículos eléctricos en América del Norte, aunque las ventas totales del grupo disminuyeron en 155,000 unidades debido a caídas en China. El negocio de motocicletas mostró un rendimiento sólido, alcanzando 10 millones de unidades en el segundo trimestre. La compañía mantiene su pronóstico para el año fiscal con un beneficio operativo de 1,420.0 mil millones de yenes, a pesar de los incentivos aumentados para vehículos eléctricos en América del Norte. Honda anunció un dividendo interino de 34 yenes por acción y aprobó un programa adicional de recompra de acciones por 100 mil millones de yenes.
혼다 모터는 2024년 9월 30일로 끝나는 회계 첫 반기 실적을 발표했으며, 운영 이익은 7,426억 엔, 운영 마진은 6.9%를 기록했습니다. 전 세계 자동차 판매는 ICE/HEV 모델과 북미의 전기차 판매에 힘입어 64,000대 증가했으나, 중국 판매 감소로 그룹 전체 판매는 155,000대 줄었습니다. 오토바이 사업은 2분기에 1천만 대에 도달하며 강한 성과를 보였습니다. 회사는 북미의 전기차 인센티브 증가에도 불구하고 회계 연도 이익을 1조 4,200억 엔으로 유지할 것이라고 밝혔습니다. 혼다는 주당 34엔의 중간 배당금을 발표하고, 1천억 엔 규모의 추가 자사주 매입을 승인했습니다.
Honda Motor a annoncé ses résultats pour le premier semestre fiscal se terminant le 30 septembre 2024, avec un bénéfice opérationnel de 742,6 milliards de yens et une marge opérationnelle de 6,9 %. Les ventes d'automobiles ont augmenté de 64 000 unités à l'échelle mondiale, soutenues par les modèles ICE/HEV et les ventes de véhicules électriques en Amérique du Nord, bien que les ventes unitaires du groupe aient diminué de 155 000 unités en raison d'une baisse des ventes en Chine. L'activité motos a montré de solides performances, atteignant 10 millions d'unités au deuxième trimestre. L'entreprise maintient ses prévisions pour l'année fiscale avec un bénéfice opérationnel de 1 420,0 milliards de yens, malgré l'augmentation des incitations aux véhicules électriques en Amérique du Nord. Honda a annoncé un dividende intermédiaire de 34 yens par action et a approuvé un programme de rachat d'actions supplémentaires de 100 milliards de yens.
Honda Motor gab die Ergebnisse für das erste Halbjahr des Geschäftsjahres bekannt, das am 30. September 2024 endete, mit einem Betriebsgewinn von 742,6 Milliarden Yen und einer operativen Marge von 6,9%. Der Automobilverkauf stieg weltweit um 64.000 Einheiten, unterstützt durch ICE/HEV-Modelle und den Verkauf von Elektrofahrzeugen in Nordamerika, während die Gesamtverkäufe der Gruppe aufgrund niedriger Verkaufszahlen in China um 155.000 Einheiten zurückgingen. Das Motorradgeschäft zeigte eine starke Leistung und erreichte im 2. Quartal 10 Millionen Einheiten. Das Unternehmen bekräftigt seine Prognose für das Geschäftsjahr mit einem Betriebsgewinn von 1.420,0 Milliarden Yen, trotz erhöhter Anreize für Elektrofahrzeuge in Nordamerika. Honda kündigte eine Zwischen-dividende von 34 Yen pro Aktie an und genehmigte einen zusätzlichen Aktienrückkauf in Höhe von 100 Milliarden Yen.
- Operating profit reached 742.6 billion yen with 6.9% margin
- Automobile sales increased by 64,000 units globally
- Motorcycle business achieved strong 10 million unit sales in Q2
- Additional 100 billion yen share buyback approved
- Operating cash flow maintained at 1.28 trillion yen
- Group unit sales decreased by 155,000 units due to China market decline
- Increased incentive costs for EV sales in North America
- Profit forecast reduced by 50 billion yen due to decreased equity method investments
Insights
Honda's first-half fiscal results reveal both strengths and challenges. The
The motorcycle division remains a bright spot, hitting 10 million units in Q2. The company's commitment to shareholder returns is evident through a
The maintained operating cash flow of
The contrasting performance between markets highlights shifting industry dynamics. North America's EV market is proving highly competitive, requiring increased incentives to drive sales, while China's slowdown significantly impacts overall group sales. The strong motorcycle business performance provides important diversification, helping offset automotive segment pressures.
The maintained operating profit forecast despite EV market challenges suggests effective cost management and pricing strategies. The additional share buyback program indicates management's confidence in Honda's financial position and commitment to enhancing shareholder value, even as they navigate market uncertainties.
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 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 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.
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