Honda has reported global group unit sales of 5,083,000 (the period to 31/12/22) worth 789.6bn yen for Q3 of its 2022/2023 financial year (a +19.7% sales revenue increase), which was up from 3,227,000 units in Q3 of its 2021/2022 financial year; in Q3 2022/2023 consolidated unit sales were 4,602,000 (up from 2,877,000 units in Q3 2021/2022). Motorcycle segment operating profit for the quarter was 151.7bn yen at an operating margin of 14.6%.
Despite the impact of the semiconductor supply shortage, for the nine-month period, Motorcycle segment sales revenue was 2,202.3bn yen (+37.5%) and total global unit shipments were 14,285,000 (+1,410,000).
YTD motorcycle wholesale shipments (the nine-month period) were fractionally down in Japan at 179,000 units (-1,000); 339,000 in North America (+7,000 units); massively up in Asia at 12,310,000 units (+1,408,000 - India and Indonesia are by far Honda's largest two Asian markets, and both were up YTD), but down by 17,000 units in Europe at 223,000 units, with 1,234,000 units shipped elsewhere (unit sales in Brazil topped the one million unit mark for the nine-month period for the first time since 2014).
Motorcycle segment operating profit for the nine-month period was massively up (+62.0%) at 376.5bn yen - "due primarily to strong sales [in Asia], the positive effects of pricing that reflects increased product value and favourable currency effects".
