Honda Motor gross sales and revenue rise
Honda Motor stated working revenue for the monetary yr ended 31 March 2022 was JPY871.2 billion yen, a yr on yr enhance of JPY211.0 billion, “due primarily to success in lowering prices and controlling incentives, and beneficial foreign money results”.
This was all “regardless of sure unfavorable elements such because the resurgence of COVID-19, a lower in car unit gross sales because of the semiconductor provide scarcity and a rise in the price of uncooked supplies”, the automaker stated in a press release.
Web revenue was JPY707.0 billion, up JPY49.6 billion.
For the fiscal yr ending 31 March, 2023, regardless of a projected enhance in gross sales quantity and beneficial foreign money, Honda is anticipating “the exterior enterprise atmosphere will stay difficult together with an additional enhance in value”. It plans to realize consolidated working revenue of JPY810 billion this fiscal yr.
Web revenue for the present yr is pegged at JPY710 billion, up JPY2.9 billion, due partly to a rise within the share of revenue from investments.
Honda can pay a yr finish dividend of JPY65 per share; complete dividends to be paid for the total fiscal yr shall be JPY120, a rise of JPY10 per share in comparison with the beforehand introduced forecast.
The forecast for complete dividends to be paid for the fiscal yr ending March 31, 2023 (FY23) is JPY120 per share, equal to FY22.
Whole gross sales income was JPY14,552.6 billion, a yr on yr enhance of 10.5%.
The car enterprise booked gross sales income up 6.6% to JPY9,360.5 billion. Gross sales decreased primarily in North America however rose in Asia.
Working revenue rose 161.7% to JPY236.2 billion or JPY557.2 billion. Mixed with working revenue from the monetary companies enterprise associated to car gross sales, the estimated working revenue for the car enterprise is JPY557.2 billion.
The gross sales income for the present fiscal yr is JPY16,250 billion, up 11.7%.