|By JCN Newswire||
|January 31, 2014 06:19 AM EST||
Consolidated operating income for the fiscal third quarter (October 1, 2013 through December 31, 2013) amounted to 228.5 billion yen, an increase of 73.2 % compared to the same period last year, primarily due to an increase of sales with the positive effect of new model introduction in automobile sales in Japan, North America and Asia, and in motorcycle sales in Asia, and the positive effect of cost reduction and favorable currency effects associated with the depreciation of the Japanese yen.
Consolidated operating income for the fiscal nine months (April 1, 2013 through December 31, 2013) amounted to 584.9 billion yen, an increase of 43.1% compared to the same period last year, and consolidated net income(1) amounted to 403.5 billion yen, an increase of 38.5% compared to the same period last year.
Despite favorable currency effects associated with depreciation of the Japanese yen, the previously announced forecasts for consolidated net sales and other operating revenue and consolidated operating income for the current fiscal year ending March 31, 2014 - 12.1 trillion yen and 780 billion yen, respectively - will remain unchanged in light of the anticipated decrease in automobile and motorcycle sales under challenging market conditions mainly in emerging countries. The previously announced forecast for consolidated net income(1) for the current fiscal year - 580 billion yen - also will remain unchanged due to an expected increase in equity in income of affiliates despite a decrease in other income.
The quarterly dividend for the fiscal third quarter will be 20 yen per share, a 1 yen increase compared to the quarterly dividend for the same period last year. The forecasted total cash dividends to be paid for the fiscal year ending March 31, 2014 are 80 yen per share, an increase of 4 yen per share from the previous fiscal year.
Honda Motor Co., Ltd. (TSE:7267/NYSE:HMC/LSE:HNDA.L) is one of the leading manufacturers of automobiles and power products and the largest manufacture of motorcycles in the world. Honda has always sought to provide genuine satisfaction to people worldwide. The result is more than 120 manufacturing facilities in 30 countries worldwide, producing a wide range of products, including motorcycles, ATVs, generators, marine engines, lawn and garden equipment and automobiles that bring the company into contact with over 19 million customers annually. For more information, please visit http://world.honda.com.
Honda Media Inquiries [email protected] +81-3-5412-1512
Copyright 2014 JCN Newswire. All rights reserved. www.japancorp.net
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