Honda - 2021/2022 full-year results
Honda has reported its Consolidated Financial Summary for the fiscal year ended 31 March 2022 and forecasts for the fiscal year ending 31 March 2023.
For its motorcycle business the company reports sales revenue of 2,185.2bn yen (a year-on-year increase of 22.3%) saying that "the increase is due primarily to a sales increase in Brazil".
Operating profit was 311.4bn yen (a year-on-year increase of 38.7%) with the increase "due primarily to related favourable sales factors rather than savings".
A masterpiece of parts bin
engineering, the Honda Hawk 11 creates a café racer from the unlikely
bones of the Africa Twin, sharing the same steel frame and 1,084 cc, 100
hp parallel twin. Mix in the wheels and swingarm from the NT1100,
Nissin radial brakes and Showa BPF forks, and the Hawk provides Honda
with a low-cost way into a new market segment. On sale in Japan in
September at 1,397,000 yen (around €10,000), there's no word yet on when
or even whether international sales will follow.
Honda Group motorcycle unit sales were 17.027m, aa 1,895m increase over the 15.132m units sold in 2020/2021. Consolidated unit sales were also up by 0.457m units at 10.721m.
Motorcycle unit sales for the first three months of 2022 were 4.252m, down marginally from 4.541m, reflecting the supply chain and logistics issues that are affecting all manufacturers.
The company is forecasting 18.560m motorcycle unit sales for the 12-month period to 31 March 31 2023. Motorcycle data includes all completed motorcycles, ATVs, Side-by-Sides and power products.
In corporate terms Honda stated: "Despite certain unfavourable factors such as the resurgence of COVID-19, a decrease in automobile unit sales due to the semiconductor supply shortage and an increase in the cost of raw materials, consolidated operating profit for the fiscal year amounted to 871.2bn yen, a year-on-year increase of 211.0bn yen, due primarily to success in reducing costs and controlling incentives, and favourable currency effects.
"Consolidated profit for the year attributable to owners of the parent company amounted to 707.0bn yen, a year-on-year increase of 49.6bn yen. The year-end dividend will be 65 yen per share; total dividends to be paid for the fiscal year ended 31 March 2022 will be 120 yen per share, an increase by 10 yen per share compared to the previously announced forecast.
Total corporate sales revenue was 14,552.6bn yen (a year-on-year increase of 10.5%); with an operating profit of 871.2bn yen (a year-on-year increase of 32.0%). For the record, Honda's automobile business sales revenue was 9,360.5bn yen (a year-on-year increase of 6.6%).
