For the three months ended 30 September 2017 (the second quarter of their 2017/18 financial year) Honda has reported total global sales revenue from its motorcycle business of 510,109 m yen (3.75 bn euro), yielding a segment profit of 68,520 yen (503 m euro).
For the first six months of their financial year, motorcycle sales revenue was 1,018,649 m yen (7.5 bn euro) for a 147,362 m yen profit (1.08 bn euro).
In Europe the company reported sales revenue up by +44.7 percent at 30,809 m yen for their second quarter (226 m euro), taking their six months year-to date to + 29.5 percent at 76,464 m yen (562 m euro).
Euro conversions are approximate at 4th January 2018.
In other Honda news, the company has celebrated the 10th anniversary of its motorcycle production plant at Iquitos City, located in the Selva, Amazon rainforest area of Peru. The company started operations there in 2007 with some 40 employees and today has 120 people working there, with cumulative motorcycle production in the last 10 years exceeding 300,000 PTW and ‘MotoKAR’ three-wheeler units. Honda first started production in Peru in 1975.
Based on its longstanding commitment to “build products close to the customer,” Honda began motorcycle production in Peru in 1975 in Trujillo in northern Peru. In anticipation of increasing demand for motorcycles in Peru, Honda established HSP, a new production operation, in Iquitos in 2006.
Meanwhile, Honda R&D Co., Ltd., the R&D subsidiary of Honda Motor Co., Ltd., has signed a 5-year joint research and development contract with SenseTime Group Limited, a China-based IT company with strengths in the area of AI technologies.
Specifically the project will evaluate and develop moving object image recognition technologies powered by deep learning technology, currently one of the most advanced AI technologies. The joint research project will combine SenseTime’s moving object recognition technologies with Honda’s AI algorithms for scene understanding, risk prediction and action planning.
The two companies will develop highly-sophisticated automated driving technologies, which will enable complex automated driving in urban areas to establish automated driving technologies to “realise a collision-free society.” The two companies also plan to expand their joint activities into the area of robotics.
