View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 28, 2010

JAPAN: Honda moves to Q4 and year profit

Honda has announced consolidated improved fourth quarter results as well as fiscal year profit surging 95.9%.

Honda has announced consolidated improved fourth quarter results as well as fiscal year profit surging 95.9%.

Consolidated net sales and other operating revenue for the fiscal fourth quarter amounted to Y2,279.5bn, an increase of 27.8% compared to the same period last year, due to increased sales in all business segments and the favourable impact of currency translation.

Consolidated operating income amounted to Y96bn, an increase of Y368.2bn from the same period last year, due mainly to increased profit from higher revenue, reduction in vehicle costs by increased production and decreased selling, general and administrative expenses.

For the year end, Honda says it recorded net income of Y268.4bn, up 95.9%.

Consolidated net sales and other operating revenue for the fiscal year amounted to Y8,579.1bn, a decrease of 14.3% compared to the same period last year, primarily due to the unfavourable impact of currency translation and decreased revenue in automobile business.

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto