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

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Honda Motor Co., Ltd. has announced its consolidated financial results for the fiscal first quarter ended June 30, 2023. The profitability in the Automobile Business has improved under the strengthened fixed cost structure. The total operating profit is 394.4 billion yen with an operating margin of 8.5%. Honda has decided to split one share of common stock into three shares to expand the investor base.

TOKYO, Aug. 9, 2023 /PRNewswire/ -- Honda Motor Co., Ltd. today announced its consolidated financial results for the fiscal first quarter ended June 30, 2023.

FY24 Results

• Under the strengthened fixed cost structure, profitability in Automobile Business has improved by maximizing the effects of increased sales unit mainly in North America.
• Total Profit: Operating Profit 394.4 billion yen / Operating Margin 8.5%

FY24 Forecast

• Remain unchanged from the previous forecast*.
  ^{*Previous forecast: announced on May 11th}

Stock Split

• Decided to split one share of common stock into three shares to expand the investor base by reducing the Company's stock price per investment unit.

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 did Honda announce?

Honda announced its consolidated financial results for the fiscal first quarter ended June 30, 2023.

What is the operating profit and margin for Honda in FY24?

The operating profit for Honda is 394.4 billion yen with an operating margin of 8.5%.

What is the purpose of the stock split?

The purpose of the stock split is to expand the investor base by reducing the Company's stock price per investment unit.

Where can I access Honda's financial results?

You can access Honda's financial results at the following web address: https://global.honda/investors/library/financialresult.html