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.
LG Energy Solution and Honda Motor Co. have officially established a joint venture to produce lithium-ion batteries for Honda's electric vehicles (EVs). The new facility, located in Fayette County, Ohio, will create approximately 2,200 jobs and involves a combined investment of $4.4 billion. Construction will begin early this year, aiming for plant completion by late 2024, with mass production expected by the end of 2025. The facility will have an annual production capacity of around 40GWh, exclusively supplying batteries to Honda's North American operations.
Honda Motor Co. reported a consolidated operating profit of 453.4 billion yen for the first half of FY23, marking an increase of 11.2 billion yen year-over-year. Despite challenges like decreased auto production and rising raw material costs, revenue climbed to 8,085.3 billion yen, a 15.7% increase. However, profit attributable to owners fell by 50.6 billion yen to 338.5 billion yen. The company revised its full-year operating profit forecast upwards by 40 billion yen to 870 billion yen, with expectations for continued motorcycle sales growth in Asia.
Honda and LG Energy Solution have announced a new joint venture to build a battery module plant in Fayette County, Ohio, with an investment of $3.5 billion and the potential to create 2,200 jobs. The facility will begin construction in early 2023 and aims for mass production of lithium-ion batteries by the end of 2025, targeting an annual capacity of 40GWh. These batteries will support Honda's upcoming EV production in North America, set to start in 2026 based on Honda's new e:Architecture.
Honda Motor Co. showcased its initiatives for carbon neutrality and advancements in driver-assist technology at the ITS World Congress 2022 in Los Angeles, held from September 18-22. The company aims for 'zero traffic collision fatalities' with innovations like Honda SENSING 360 and Drive Data Service to reduce collision risks. Additionally, Honda is promoting carbon neutrality through mobile power solutions and fuel cell systems. The company sets ambitious goals to cut collision fatalities in half by 2030 and achieve full carbon neutrality by 2050.
Honda Motor Co., Ltd. reported its consolidated financial summary for the fiscal first quarter ending June 30, 2022, with an operating profit of 222.2 billion yen, a year-on-year decrease of 20.9 billion yen. Consolidated profit attributable to owners of the parent was 149.2 billion yen, down by 73.2 billion yen, largely impacted by decreased equity method profits in China. The company revised its operating profit forecast for FY23 upwards to 830 billion yen, while maintaining the profit forecast at 710 billion yen. Honda plans to acquire up to 100 billion yen in shares to enhance capital structure.
Kyndryl (NYSE: KD), the largest IT infrastructure services provider, announced a multi-year agreement with American Honda Motor Company (NYSE: HMC) to support its infrastructure transformation in the U.S. This partnership aims to enhance AHM's efficiency, enabling innovation across manufacturing, research, finance, and sales operations. Kyndryl will integrate on-premises and cloud solutions to streamline IT operations, ultimately modernizing Honda's infrastructure. The collaboration is positioned to improve customer experiences and support Honda's future electrification strategy.
Honda Motor Co., Ltd. (HMC) has submitted its annual report on Form 20-F for the fiscal year ended March 31, 2022, to the Securities and Exchange Commission. This comprehensive document provides vital financial data and business performance insights for investors. Key highlights, including earnings, revenue, and EPS metrics, are detailed in the report. The report is accessible through the SEC and Honda's official investor relations websites for stakeholder review.
Honda Motor Co. reported a consolidated operating profit of 871.2 billion yen for FY22, up 211.0 billion yen year-over-year, despite challenges like COVID-19 and semiconductor shortages. The profit attributable to owners reached 707.0 billion yen, an increase of 49.6 billion yen. For FY23, Honda projects a decrease in operating profit to 810 billion yen but expects a slight rise in profit attributable to owners to 710 billion yen. The year-end dividend is set at 120 yen per share, reflecting a 10 yen increase from FY22.
General Motors (NYSE: GM) and Honda are expanding their collaboration to co-develop affordable electric vehicles (EVs) built on a new global architecture using Ultium battery technology. Set to launch in 2027, these EVs aim to tap into the lucrative compact crossover market, which boasts annual sales of over 13 million units. The partnership will also explore advancements in battery technology. Both companies are committed to carbon neutrality, with GM aiming for 2040 and Honda for 2050. They have previously collaborated since 2013 on various projects, enhancing their technological synergies.
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