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.
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.
Honda Motor Co., Ltd. (NYSE: HMC) has submitted its annual report on Form 20-F for the fiscal year ending March 31, 2020, to the Securities and Exchange Commission. The report can be accessed through the SEC and Honda's investor relations websites, providing comprehensive insights into Honda's financial performance and operational metrics during the fiscal year.
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