Honda Motor Co., Ltd. (HMC:NYSE) announced its consolidated financial results for the fiscal first quarter ended June 30, 2024
Honda Motor Co., (HMC:NYSE) reported strong financial results for Q1 FY2024 ended June 30. The company saw increased global sales volume in its motorcycle business, particularly in India and Brazil. The automobile business also performed well, with strong sales of hybrid models and improved pricing contributing to increased profits in both segments compared to the previous year. Honda achieved an operating profit of 484.7 billion yen with an operating margin of 9.0%.
For the full fiscal year ending March 31, 2025, Honda revised its auto sales forecast for China downward by 220,000 units but maintained its previous projections for operating profit, operating margin, and net profit. The company also announced initiatives to strengthen corporate governance, including unwinding cross-shareholdings and enhancing management discipline.
Honda Motor Co., (HMC:NYSE) ha riportato risultati finanziari solidi per il primo trimestre dell'anno fiscale 2024, terminato il 30 giugno. L'azienda ha registrato un aumento del volume di vendite globali nel suo settore motociclistico, in particolare in India e Brasile. Anche il settore automobilistico ha registrato buone performance, con forti vendite di modelli ibridi e un miglioramento dei prezzi che hanno contribuito all'aumento dei profitti in entrambi i segmenti rispetto all'anno precedente. Honda ha raggiunto un utile operativo di 484,7 miliardi di yen con un margine operativo del 9,0%.
Per l'intero anno fiscale che si chiuder脿 il 31 marzo 2025, Honda ha rivisto al ribasso la previsione di vendite di auto per la Cina di 220.000 unit脿, ma ha mantenuto le precedenti proiezioni per l'utile operativo, il margine operativo e l'utile netto. L'azienda ha anche annunciato iniziative per rafforzare la governance aziendale, tra cui la dismissione delle partecipazioni incrociate e il potenziamento della disciplina manageriale.
Honda Motor Co., (HMC:NYSE) report贸 s贸lidos resultados financieros para el primer trimestre del a帽o fiscal 2024, que termin贸 el 30 de junio. La compa帽铆a vio un aumento en el volumen de ventas globales en su negocio de motocicletas, particularmente en India y Brasil. El negocio de autom贸viles tambi茅n tuvo un buen desempe帽o, con fuertes ventas de modelos h铆bridos y una mejora en los precios que contribuy贸 a aumentar las ganancias en ambos segmentos en comparaci贸n con el a帽o anterior. Honda logr贸 un beneficio operativo de 484.7 mil millones de yenes con un margen operativo del 9.0%.
Para el a帽o fiscal completo que finaliza el 31 de marzo de 2025, Honda revis贸 a la baja su pron贸stico de ventas de autom贸viles para China en 220.000 unidades, pero mantuvo sus proyecciones anteriores para el beneficio operativo, el margen operativo y el beneficio neto. La compa帽铆a tambi茅n anunci贸 iniciativas para fortalecer la gobernanza corporativa, incluyendo la eliminaci贸n de participaciones cruzadas y el fortalecimiento de la disciplina gerencial.
順茧嫟 氇劙(欤�) (HMC:NYSE)電� 2024 須岅硠鞐半弰 1攵勱赴(6鞗� 30鞚� 膦呺)鞚� 臧曤牓頃� 鞛 瓴瓣臣毳� 氤搓碃頄堨姷雼堧嫟. 鞚� 須岇偓電� 韸鬼瀳 鞚鸽弰鞕� 敫岆澕歆堨棎靹� 鞓ろ啝氚旍澊 靷梾鞚� 旮�搿滊矊 韺愲Г霟� 歃濌皜毳� 氤挫晿鞀惦媹雼�. 鞛愲彊彀� 靷梾霃� 鞛� 靾橅枆霅橃柎, 頃橃澊敫岆Μ霌� 氇嵏鞚� 臧曤牓頃� 韺愲Г鞕� 臧�瓴� 臧滌劆鞚� 霊� 攵�氍� 氇憪鞐愳劀 歆�雮滍暣鞕� 牍勱祼頃橃棳 鞚挫澋 歃濌皜鞐� 旮办棳頄堨姷雼堧嫟. 順茧嫟電� 484.7鞏� 鞐旍潣 鞓侅梾 鞚挫澋鞚� 雼劚頄堨溂氅� 鞓侅梾 毵堨鞚� 9.0%搿� 氤搓碃頄堨姷雼堧嫟.
2025雲� 3鞗� 31鞚� 膦呺霅橂姅 鞝勳泊 須岅硠鞐半弰鞐� 雽�頃� 順茧嫟電� 欷戧淡鞚� 鞛愲彊彀� 韺愲Г 鞓堨浮鞚� 22毵� 雽� 頃橅枼 臁办爼頄堨毵�, 鞓侅梾 鞚挫澋, 鞓侅梾 毵堨 氚� 靾� 鞚挫澋鞐� 雽�頃� 鞚挫爠 鞓堨浮鞚� 鞙犾頄堨姷雼堧嫟. 霕愴暅, 順茧嫟電� 甑愳皑 歆�攵� 頃挫唽 氚� 瓴届榿 攴滌湪 臧曧檾毳� 韽暔頃� 旮办梾 瓯半矂雱岇姢毳� 臧曧檾頃� 瓿勴殟鞚� 氚滍憸頄堨姷雼堧嫟.
Honda Motor Co., (HMC:NYSE) a annonc茅 des r茅sultats financiers solides pour le premier trimestre de l'exercice 2024, se terminant le 30 juin. L'entreprise a constat茅 une augmentation du volume des ventes mondiales dans son secteur des motos, notamment en Inde et au Br茅sil. Le secteur automobile a 茅galement bien perform茅, avec de fortes ventes de mod猫les hybrides et une am茅lioration des prix, contribuant 脿 une augmentation des b茅n茅fices dans les deux segments par rapport 脿 l'ann茅e pr茅c茅dente. Honda a r茅alis茅 un b茅n茅fice d'exploitation de 484,7 milliards de yens avec une marge op茅rationnelle de 9,0%.
Pour l'ensemble de l'exercice qui se terminera le 31 mars 2025, Honda a r茅vis茅 脿 la baisse sa pr茅vision de ventes d'automobiles en Chine de 220 000 unit茅s, mais a maintenu ses pr茅visions pr茅c茅dentes concernant le b茅n茅fice d'exploitation, la marge d'exploitation et le b茅n茅fice net. L'entreprise a 茅galement annonc茅 des initiatives pour renforcer la gouvernance d'entreprise, y compris la r茅duction des participations crois茅es et le renforcement de la discipline manag茅riale.
Die Honda Motor Co., (HMC:NYSE) berichtete 眉ber starke Finanzergebnisse f眉r das erste Quartal des Gesch盲ftsjahres 2024, das am 30. Juni endete. Das Unternehmen verzeichnete einen Anstieg des globalen Verkaufsvolumens in seinem 惭辞迟辞谤谤补诲驳别蝉肠丑盲蹿迟, insbesondere in Indien und Brasilien. Auch das 础耻迟辞尘辞产颈濒驳别蝉肠丑盲蹿迟 zeigte gute Leistungen, mit starken Verk盲ufen von Hybridmodellen und einer Preisverbesserung, die zu steigenden Gewinnen in beiden Segmenten im Vergleich zum Vorjahr beitrug. Honda erzielte einen Betriebsgewinn von 484,7 Milliarden Yen mit einer Betriebsrendite von 9,0%.
F眉r das vollst盲ndige Gesch盲ftsjahr, das am 31. M盲rz 2025 endet, hat Honda die Verkaufsprognose f眉r Autos in China um 220.000 Einheiten nach unten revidiert, jedoch die bisherigen Prognosen f眉r den Betriebsgewinn, die Betriebsrendite und den Nettogewinn beibehalten. Das Unternehmen k眉ndigte au脽erdem Initiativen zur St盲rkung der Unternehmensf眉hrung an, darunter die Aufhebung von Beteiligungen und die Verbesserung der Managementdisziplin.
- Operating profit increased to 484.7 billion yen with a 9.0% operating margin
- Global motorcycle sales volume increased, particularly in India and Brazil
- Automobile business showed strong performance, especially in hybrid model sales
- Improved pricing strategy led to increased profits in both motorcycle and automobile segments
- Downward revision of auto sales forecast for China by 220,000 units
Insights
Honda's Q1 FY2024 results demonstrate robust performance, with operating profit reaching
The company's initiative to unwind cross-shareholdings is a positive move towards improved corporate governance and capital efficiency. This strategic decision could potentially free up capital for more productive investments or shareholder returns. Overall, Honda's financial health appears strong, but investors should monitor the Chinese market situation closely.
Honda's Q1 performance reflects a positive trend in global motorcycle demand, especially in India and Brazil. This suggests economic resilience in these emerging markets, which could benefit other companies with exposure to these regions. In the automobile sector, the strong sales of hybrid models indicate a growing consumer preference for eco-friendly vehicles, aligning with global sustainability trends.
However, the downward revision of China auto sales forecasts is a red flag. It may signal broader challenges in the Chinese auto market, potentially affecting other global automakers. Investors should watch for similar revisions from Honda's competitors to gauge the extent of this market slowdown.
Honda's move to unwind cross-shareholdings is a significant step towards enhancing management discipline and corporate governance. This two-step approach of selling shares held by insurance companies and banks, followed by Honda's divestment of its own holdings, demonstrates a commitment to reducing potential conflicts of interest and improving capital allocation.
This action aligns with global best practices in corporate governance and could potentially lead to improved shareholder value. It may also result in a more focused business strategy and increased transparency. Investors should view this positively as it suggests Honda is proactively addressing governance concerns and prioritizing shareholder interests.
Q1 Ended June 30, 2024 Financial Results
- In motorcycle business operations, global sales volume increased, mainly in
India andBrazil . - Automobile business operations were robust as well. In addition to strong sales of hybrid models, the positive effect of pricing commensurate with improvement in product value led to increased profits in each of these business areas compared to the same period last year.
- Total Profit: Operating Profit
484.7 billion yen / Operating Margin9.0%
FYE March 31, 2025 Financial Forecast
- We have revised auto sales units for
China downward by 220,000 units. - Operating profit, operating margin and net profit attributable to the owners of the parent company remain unchanged from our previous forecast*.
*Previous forecast: announced on May 10th
Initiatives to further strengthen corporate governance
Honda strives to unwind cross-shareholdings at an early point, and further enhance the management discipline.
Step 1听 听锛� | Conducted the secondary offering for Honda shares held by non-life insurance companies听 |
Step 2听 听锛� | Conducted the sale of shares, held by Honda, of non-life insurance companies and banks. |
Honda's financial results can be accessed from following web site address.
SOURCE: Honda Motor Co., Ltd
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SOURCE Honda Motor Co., Ltd.
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