Honda Motor operating income for fiscal year 2011/12) fell 59.4% year on year to JPY231.3bn (GBP1.76bn) on revenue down to JPY7,948bn from JPY8,937bn.

Though motorcycle revenue rose, Honda attributed the poor overall result to decreased automobile production due to the Japanese earthquake and the flooding in Thailand, increased R&D expenses and the strong yen.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Net income fell 60% to JPY211.4bn yen (GBP1.61b).

However, fourth quarter operating income rose to JPY111.9bn (GBP855.7m) compared to JPY46.2bn a year ago as motorcycle sales increased 10.6% to record-high unit sales (close to 3.5m) globally for any quarter, as power products and automobile sales also rose, mainly in Japan and North America.

Acknowledging that production and profit were “severely affected by external factors during the last fiscal year”, Honda said it was “planning a strong recovery during the forthcoming year, forecasting an all-time record of 4.3m automobile sales (compared to 3.1m during the previous year) with model changes for major lines and the introduction of new models, coupled with expansion of production capacity in North America and China. It sold 3.14m cars in fiscal 2012, down 375,000. Increases in motorcycle and power product unit sales are also planned.

See Also:

The FY13 operating profit forecast is JPY620bn, up 168% on fiscal 2012. Honda suggested a more reasonable comparison was with natural disaster-unaffected FY11 operating income of JPY569.7bn so the forecast is a “more understandable 9%”.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

See also: INTERVIEW: Ken Keir, Executive Vice-President, Honda Motor Europe