Welcome to our dedicated page for Honda Motor news (Ticker: HMC), a resource for investors and traders seeking the latest updates and insights on Honda Motor stock.
Honda Motor Co., Ltd. (HMC) delivers innovative mobility solutions through its automotive engineering, motorcycle production, and power equipment technologies. This dedicated news hub provides investors and industry professionals with essential updates on HMC's global operations and strategic initiatives.
Access real-time press releases covering earnings reports, product launches, and technological advancements. Our curated collection ensures you stay informed about HMC's developments in hybrid/electric vehicles, robotics research, and sustainability efforts without speculative commentary.
Key content categories include financial performance updates, manufacturing expansions, and partnership announcements. Bookmark this page for streamlined access to Honda's official communications and third-party analyses vetted for factual accuracy.
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.
Honda reported a consolidated operating profit of 671.6 billion yen for the nine months ending December 31, 2021, up 224.6 billion yen year-on-year. Profit attributable to owners of the parent increased to 582.1 billion yen, a 138 billion yen rise. The company revised its forecast for operating profit for FY22 upwards to 800 billion yen, reflecting cost controls and favorable currency impacts. Sales revenue reached 10,677 billion yen, an increase of 11.8%, primarily driven by strong performance in the motorcycle and financial services sectors.
Honda Motor Co. reported a consolidated operating profit of 442.1 billion yen for the fiscal first half ending September 30, 2021, reflecting a significant year-on-year increase of 272.9 billion yen. This growth was attributed to improved unit sales and cost controls, despite challenges like semiconductor shortages and rising raw material costs. The company revised its profit forecast for the fiscal year to 555.0 billion yen. Interim dividends increased to 55 yen per share, with a forecast of 110 yen for the fiscal year ending March 31, 2022.
Honda Motor Co., Ltd. has outlined its strategic direction to tackle new challenges while leveraging core technologies. The company aims to achieve its 2030 Vision focusing on zero environmental impact and zero traffic accidents. Key initiatives include the development of an electric vertical take-off and landing aircraft (eVTOL) and an avatar robot designed to enhance human capabilities. Honda will also explore space technology with plans for a lunar renewable energy system and reusable rockets.
Honda Motor Co., Ltd. reported its fiscal Q1 results for the period ending June 30, 2021, revealing a consolidated operating profit of 243.2 billion yen, up 356.9 billion yen year-on-year. The profit attributable to owners of the parent was 222.5 billion yen, marking an increase of 303.3 billion yen. Sales revenue surged to 3,583.8 billion yen, a 68.7% rise driven by increased unit sales. Honda revised its fiscal year profit forecast upwards by 80 billion yen to 670 billion yen, anticipating continued sales growth despite challenges like semiconductor shortages.
Honda Motor Co., Ltd. (HMC) has submitted its annual report on Form 20-F for the fiscal year that ended on March 31, 2021. This filing was made with the Securities and Exchange Commission and provides a comprehensive overview of the company's financial performance.
Investors can access the full report through the SEC's website or Honda's investor relations page for detailed insights into the company's fiscal year metrics.
Honda reported a consolidated operating profit of 660.2 billion yen for FY21, an increase of 4.2% year-on-year, despite 11.8% revenue drop to 13,170.5 billion yen due to COVID-19 and semiconductor shortages. Profit attributable to owners reached 657.4 billion yen, up 44.3%. For FY22, Honda aims to maintain operating profit at 660 billion yen while increasing unit sales. Quarterly dividends rose to 54 yen per share, totaling 110 yen for the year, with future dividends expected to stay stable.
Honda reported a consolidated operating profit of 447.0 billion yen for the nine months ending December 31, 2020, despite COVID-19 impacts and semiconductor shortages. The forecast for consolidated operating profit for FY21 has been revised upward by 100.0 billion yen to 520.0 billion yen. Total dividends per share were also increased by 14 yen to 82 yen. Sales revenue for the nine months was 9,546.7 billion yen, reflecting a decrease due to pandemic effects, while sales revenue for the third quarter increased by 0.6% year-on-year, driven primarily by the automobile sector.
Honda reported a consolidated operating profit of 169.2 billion yen for the first half of the fiscal year, recovering from a loss, primarily due to reduced SG&A expenses amidst declining demand caused by the COVID-19 pandemic. The fiscal second quarter yielded an operating profit of 282.9 billion yen, a 28.5% increase year-on-year, despite a 2.1% decrease in sales revenue to 3,651.3 billion yen. For FY21, the operating profit forecast was revised upwards to 420 billion yen.
Dividends for the second quarter increased to 19 yen per share.
Honda reported significant declines in sales and profits for the fiscal first quarter ended June 30, 2020, attributed primarily to the impact of COVID-19. Sales revenue fell to 2,123.7 billion yen, down 46.9% year-on-year, while operating losses reached 113.6 billion yen. The company anticipates achieving an operating profit of 200.0 billion yen for the fiscal year ending March 31, 2021, despite estimating a 665.0 billion yen impact from COVID-19. Quarterly dividends were set at 11 yen per share, decreased from last year’s 28 yen.
