Honda saw global Group motorcycle unit sales grow by +3.6 percent to 17,661m units for their 2016/2017 financial year ended March 31st.; on a consolidated basis (directly and wholly owned operations only) sales grew +6.3 percent to 11,237m units.
For the fourth quarter (January to March 2017) global Group unit sales were +1.8 percent (4.248m units); on a consolidated basis sales were +2.1 percent (2.633m units).
In Europe, consolidated unit sales were +15.8 percent at 66,000 in the final quarter (January to March 2017) and +6.4 percent for the full financial year to March 31st at 217,000 units.
Honda says it has seen further decreases in sales of motorcycles and ATVs in the United States (-4.5 percent for the 12 months at 294,000 units) as the overall market there continues to contract. Asia has seen increases in Pakistan, Vietnam and Thailand (decreases in Indonesia) to leave them +10.0 percent at 9,513m units. Sales in Brazil were down.
Its fourth quarter Group motorcycle unit sales resulted in a +3.8 percent increase in sales revenue at 453.7 bn yen, a 38.1 percent increase in operating profit and an 8.4 percent increase in operating margin.
Motorcycle sales revenue for the full year to end of March 2017 were down -6.1 percent at 170.1 bn yen, with operating margin reduced to 9.9 percent.
Overall, corporate fiscal fourth quarter consolidated operating profit was up at 201.9 billion yen. Consolidated operating profit for the fiscal year (April 1, 2016 through March 31, 2017) amounted to 840.7 billion yen, an increase of 67.0 percent compared to the previous fiscal year.
Consolidated operating profit for the fiscal fourth quarter (January 1, 2017 through March 31, 2017) amounted to 138.1 billion yen, an increase of 201.9 billion yen compared to the same period last year.
