[home][rumors and news][model release matrix][dealer network][desktop calendar][exhaust notes][tov forums][links][search][sponsors][garage][login]

Tire Rack Upgrade Garage
 Search for a Dealer:
 Canadian Flag US Flag
 Honda Acura
 ZIP  
Acura
There are currently no active Acura promotions
Honda
There are currently no active Honda promotions
Spied on the Street! 2019 Pilot and Pilot PHEV mule
More.......................
All-New 2019 Honda Insight Brings Style, Sophistication and 55 mpg City Rating
More.......................
It's Official: Honda to supply Red Bull Racing in Formula One from 2019
More.......................
Will the next-gen TLX bring back double wishbones? Or a Plugin Hybrid model?
More.......................
Acura tackles Pikes Peak with 2019 RDX, NSX, and TLX entries
More.......................
Honda Partners on General Motors’ Next Gen Battery Development
More.......................
Trucks Set Records as Core Products Deliver American Honda May Sales Gains
More.......................
First in a Generation: All-New 2019 Acura RDX Arrives in Showrooms June 1
More.......................
RDX --> Re: 3rd Generation Acura RDX Reviews
Join Discussion......
General Talk --> Re: I HATE Cristiano Ronaldo
Join Discussion......
General Talk --> Re: Next gen RLX and ILX
Join Discussion......
Professional Motorsports --> Re: F1 - 2018 French Grand Prix
Join Discussion......
Professional Motorsports --> Re: Autobild report: Red Bull switching to Honda
Join Discussion......
General Talk --> Re: Accord 2.0T Touring or Kia Stinger 2.0T Premium?
Join Discussion......
Type R --> Re: DC-R
Join Discussion......
TOV Asia --> Re: JP CR-V to debut with 1.5L iMMD, 3rd row option
Join Discussion......
Today's Reading Links --> Re: Toyota & Seven-Eleven launching fuel cell project
Join Discussion......
General Talk --> Re: Some juicy Acura info!!!
Join Discussion......
RDX --> Re: 2019 RDX Front Wheel Drive Geometry
Join Discussion......
Repair and Maintenance --> Re: 1999 CR V trans codes/issues
Join Discussion......
General Talk --> Re: 2019 Volvo S60
Join Discussion......
General Talk --> Re: Dear NoTypeR, Dear Jeff
Join Discussion......
Honda Motorcycles --> Re: Honda SUPER CUB -return to America
Join Discussion......
Consolidated Financial Summary for the Fiscal 1st Quarter ended June 30, 2009
 Date: July 29, 2009 06:36
 Submitted by:  JeffX
 Source: Honda Press Release
 Credibility Rating: Not Specified


Tokyo, Japan, July 29, 2009 -- Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first quarter ended June 30, 2009.

  • Consolidated Financial Summary:

  • Results for Fiscal 1st Quarter (3 months ended June 30, 2009)
    Consolidated net sales and other operating revenue for the fiscal first quarter ended June 30, 2009 amounted to JPY 2,002.2 billion, a decrease of 30.2% compared to the same period last year, primarily due to factors including decreased sales in the automobile business and the unfavorable impact of the currency translation.

    Consolidated operating income amounted to JPY 25.1 billion, a decrease of 88.0% compared to the same period last year, due to decreased profit from lower revenue, an increased fixed costs per unit as a result of reduced productions and the unfavorable currency effects caused by the appreciation of the Japanese yen, offsetting decreased selling, general and administrative (SG&A) expenses and R&D expenses and continuing cost reduction efforts.

    Consolidated income before income taxes amounted to JPY 5.4 billion, a decrease of 97.6% from the same period last year, and net income attributable to Honda Motor Co., Ltd. amounted to JPY 7.5 billion, a decrease of 95.6% compared to the same period last year.

    At the board of directors meeting held today, Honda resolved to make the quarterly dividend for the first quarter JPY 8 per share of the common stock with the record date of June 30, 2009. The total annual dividend per share of common stock to be paid for the fiscal year is expected to be JPY 32 per share.

  • Consolidated Unit Sales

  • (Consolidated unit sales are the total of sales of completed products of Honda and its consolidated subsidiaries, and sales of parts for local production at Honda's affiliates accounted for under the equity method.)


    Unit sales of approximately 1.22 million units of Honda-brand motorcycle products that are manufactured and sold by overseas affiliates accounted for under the equity method, but do not use any parts supplied from Honda and its consolidated subsidiaries, are not included in the total motorcycle sales described above, in conformity with U.S. generally accepted accounting principles.

  • Forecast for the Fiscal Year Ending March 31, 2010

  • Honda will conduct its business operations based on the target for the forecasts for the fiscal year ending March 31, 2010 as described below, with assumption of the average currency exchange rates of JPY 91 = U.S. dollar 1 and JPY 127 = Euro 1 for the fiscal year.


  • Consolidated Unit Sales Forecasts


  • Unit sales of approximately 5.61 million units of Honda-brand motorcycle products that are manufactured and sold by overseas affiliates accounted for under the equity method, but do not use any parts supplied from Honda and its consolidated subsidiaries are not included in this total motorcycle sales described above, in conformity with U.S. generally accepted accounting principles.

    {Reference: Changes in forecasts for the fiscal year ending March 31, 2010 in comparison to the previous forecast as of April 28, 2009}



    (*1)
    During the fiscal year ended March 31, 2009, a subsidiary of the Company changed its fiscal year-end from December 31 to March 31. As a result, the Company eliminated the previously existing 3-month difference between the reporting periods of the Company and the subsidiary in the consolidated financial statements. The elimination of the lag period which was adjusted in the three months ended March 31, 2009 represented a change in accounting principle and was reported by retrospective application. Honda adjusted its consolidated financial statements as of and for the three months ended June 30, 2008 to conform to the presentation used for the fiscal year ended March 31, 2009.



    Last edited by JeffX on July 29, 2009 07:02

    Click Here to Submit Your Comments

    Viewing Threshold (What is this?)

    [fancy] [flat] [simple]
    Subject Thread Originator Replies Last Post
      More info, back in the black !
    danielgr 5
      HMC above $30
    cyisalwayshungry 0
    First Drive: 2019 Honda Insight
    Read Article....................
    2019 Honda Insight PR Photo Gallery
    Read Article....................
    First Drive: 2019 Acura RDX
    Read Article....................
    2019 Acura RDX Features & Specifications
    Read Article....................
    PR Photo Gallery - 2019 Acura RDX Advance
    Read Article....................
    PR Photo Gallery - 2019 Acura RDX A-Spec
    Read Article....................
    Contact TOV | Submit Your Article | Submit Your Link | Advertise | TOV Shop | Events | Our Sponsors | TOV Archives
    Copyright © 2018 Velocitech Inc. All information contained herein remains the property of Velocitech Inc.
    The Temple of VTEC is not affiliated with American Honda Motor Co., Inc. TOV Policies and Guidelines - Credits - Privacy Policy
    30