Honda Motor’s consolidated sales revenue for the fiscal year ended 31 March, 2023 increased 16.2% year on year to JPY 16,907.7bn due mainly to increased sales revenue in the motorcycle business as well as positive foreign currency translation effects.
Operating profit fell 3.7%, to JPY 839.3bn due mainly to “decreased profit attributable to sales impacts and increased expenses including product warranty expenses, which was partially offset by positive foreign currency effects”, the automaker said.
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Pre-tax profit fell 12.3% to JPY 938.1bn and net profit was down 1.7% to JPY 695.2bn.
Earnings per share dropped JPY1.22 to JPY 409.87.
The company sold 3.69m automobiles against a forecast of 3.85m. It is aiming for 4.35m in fiscal 2023/4 and operating profit of JPY1 trillion.
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