Consolidated Financial Summary for the Fiscal 1st Quarter ended June 30, 2015Honda Motor Co., Ltd. has announced its consolidated financial results for the fiscal first quarter ended June 30, 2015.
Consolidated operating profit for the fiscal first quarter (April 1, 2015 through June 30, 2015) amounted to 239.2 billion yen, an increase of 16.4% compared to the same period last year.
The company says that this was due to profit-increasing factors, including strong sales in North America, the positive effects of new (automotive) products and cost reduction efforts, and despite profit-reducing factors such as an increase in selling, general and administrative (SG&A) expenses that include quality-related expenses.
Consolidated profit before income taxes for the fiscal first quarter amounted to 282.3 billion yen, an increase of 15.9% compared to the same period last year. Profit for the fiscal first quarter attributable to owners of the parent amounted to 186.0 billion yen, an increase of 19.6% compared to the same period last year.
Consolidated financial forecasts for the fiscal year ending March 31, 2016 remain unchanged from the forecasts announced previously.
The quarterly dividend for the fiscal first quarter will be 22 yen per share, and total cash dividends to be paid for the fiscal year ending March 31, 2016 are expected to be 88 yen per share.
Worldwide Honda Group motorcycle, PTW, ATV/UTV and Power Product sales were 4.105 million units in the quarter to June 30th 2015, down by -0.247 percent from the 4.352 million units reported for the year-ago quarter.
Worldwide consolidated motorcycle, PTW, ATV/UTV and Power Product sales were 2.545 million units, up by +0.042 units from the 2.503 million unites reported for the year-ago quarter - that is completed products and income at Honda factories and those of its consolidated/wholly owned subsidiaries, as opposed to partnership and joint venture operations.
