TOKYO, May 11, 2023
/PRNewswire/ --
Fiscal Year Results
Honda's consolidated sales revenue for the fiscal year ended
March 31, 2023 increased by 16.2%, to
JPY 16,907.7 billion from the fiscal
year ended March 31, 2022, due mainly
to increased sales revenue in Motorcycle business as well as
positive foreign currency translation effects. Operating profit
decreased by 3.7%, to JPY 839.3
billion from the previous fiscal year, 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. Profit before income
taxes decreased by 12.3%, to JPY 938.1
billion from the previous fiscal year. Profit for the year
attributable to owners of the parent decreased by 1.7%, to
JPY 695.2 billion from the previous
fiscal year.
Earnings per share attributable to owners of the parent for the
year amounted to JPY 409.87, a
decrease of JPY 1.22 from the
previous fiscal year. One Honda American Depository Share
represents one common share.
Forecasts for the Fiscal Year Ending March 31, 2024
In regard to the forecasts of the financial results for the
fiscal year ending March 31, 2024,
Honda projects consolidated results to be as shown below:
Fiscal year
ending March 31, 2024
|
Yen
(billions)
|
Changes from FY
2023
|
Sales
revenue
|
18,200.0
|
+7.6 %
|
Operating
profit
|
1,000.0
|
+19.1 %
|
Profit before
income taxes
|
1,185.0
|
+26.3 %
|
Profit for the
year
|
865.0
|
+13.6 %
|
Profit for the
year attributable to owners of the parent
|
800.0
|
+15.1 %
|
|
Yen
|
|
Earnings per
share attributable to owners of the parent
Basic and
diluted
|
489.41
|
|
Note: The forecasts are based on the assumption
that the average exchange rates for the Japanese yen to the U.S.
dollar will be JPY 125 for the full year ending March 31, 2024.
|
Dividend per Share of Common Stock
|
|
Yen
|
|
|
FY 2022
results
|
|
FY 2023
results
|
|
FY 2024
forecasts
|
Interim
dividend
|
|
55.00
|
|
60.00
|
|
75.00
|
Year-end
dividend
|
|
65.00
|
|
60.00
|
|
75.00
|
Total annual
dividend
|
|
120.00
|
|
120.00
|
|
150.00
|
This announcement contains "forward-looking statements" as
defined in Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Such statements are based on management's assumptions and beliefs
taking into account information currently available to it.
Therefore, please be advised that the actual results of the Company
could differ materially from those described in these
forward-looking statements as a result of numerous factors,
including general economic conditions in the principal markets of
the Company, its consolidated subsidiaries and its affiliates
accounted for by the equity-method, and fluctuation of foreign
exchange rates, as well as other factors detailed from time to
time. The various factors for increases and decreases in profit
have been classified in accordance with a method that Honda
considers reasonable.
Information about per common share
Equity per share attributable to owners of the parent as of
March 31, 2022 and 2023 are
calculated based on the following information.
|
|
2022
|
|
2023
|
Equity attributable to
owners of the parent (millions of yen)
|
|
|
10,472,824
|
|
|
11,228,101
|
The number of shares
outstanding at the end of the year (excluding treasury stock)
(shares)
|
|
|
1,710,600,356
|
|
|
1,664,340,589
|
Equity per share
attributable to owners of the parent (yen)
|
|
|
6,122.31
|
|
|
6,746.28
|
Earnings per share attributable to owners of the parent for the
years ended March 31, 2022 and 2023
are calculated based on the following information. There were no
significant potentially dilutive common shares outstanding for the
years ended March 31, 2022 and
2023.
|
|
2022
|
|
2023
|
Profit for the year
attributable to owners of the parent (millions of yen)
|
|
|
707,067
|
|
|
695,267
|
Weighted average number
of common shares outstanding, basic (shares)
|
|
|
1,719,961,835
|
|
|
1,696,307,115
|
Basic earnings per
share attributable to owners of the parent (yen)
|
|
|
411.09
|
|
|
409.87
|
For Additional Information, please visit;
https://global.honda/investors/library/financialresult.html
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SOURCE Honda Motor Co., Ltd.