Breaking News

U.S. Says 72-Hour Cease-Fire Agreed in Gaza, to Start Tomorrow
Tweet TWEET

Honda Motor Co., Ltd. Reports Consolidated Financial Results For The Fiscal Second Quarter Ended September 30, 2012

 Honda Motor Co., Ltd. Reports Consolidated Financial Results For The Fiscal
                   Second Quarter Ended September 30, 2012

PR Newswire

TOKYO, Oct. 29, 2012

TOKYO, Oct. 29, 2012 /PRNewswire/ --Honda Motor Co., Ltd. (HMC; NYSE) today
announced its consolidated financial results for the fiscal second quarter
ended September 30, 2012.

Second Quarter Results

Honda's consolidated net income attributable to Honda Motor Co., Ltd. for the
fiscal second quarter ended September 30, 2012 totaled JPY 82.2 billion (USD
1,060 million), an increase of 36.1% from the same period last year. Basic net
income attributable to Honda Motor Co., Ltd. per common share for the quarter
amounted to JPY 45.63 (USD 0.59), an increase of JPY 12.10 (USD 0.16) from JPY
33.53 for the corresponding period last year. One Honda American Depository
Share represents one common share.

Consolidated net sales and other operating revenue for the quarter amounted to
JPY 2,271.2 billion (USD 29,269 million), an increase of 20.4% from the same
period last year, due primarily to increased revenue in automobile business
operations as the production has recovered from the impacts of the Great East
Japan Earthquake.

Consolidated operating income for the quarter amounted to JPY 100.8 billion
(USD 1,300 million), an increase of 92.1% from the same period last year, due
primarily to an increase in sales volume and model mix and cost reduction,
despite increased SG&A and R&D expenses and the unfavorable foreign currency
effects.

Equity in income of affiliates amounted to JPY 27.4 billion (USD 354 million)
for the quarter, an increase of 76.7% from the corresponding period last year.

Business Segment

In automobile business operation, revenue increased 32.5%, to JPY 1,766.2
billion (USD 22,760 million) from the same period last year. Operating income
totaled JPY 37.1 billion (USD 479 million), an increase of JPY 66.2 billion
(USD 854 million) from the same period last year.

In motorcycle business operation, revenue decreased 13.3%, to JPY 309.7
billion (USD 3,991 million) from the same period last year. Operating income
totaled JPY 25.4 billion (USD 327 million), a decrease of 34.8% from the same
period last year.

In financial services business operation, revenue increased 3.1% to JPY 130.4
billion (USD 1,680 million) from the same period last year. Operating income
decreased 10.6% to 38.2 billion (USD 493 million) from the same period last
year.

Forecasts for the Fiscal Year Ending March 31, 2013

In regard to the forecasts of the financial results for the fiscal year ending
March 31, 2013, Honda projects consolidated results to be as shown below:

Fiscal year ending March 31, 2013
                                      Yen (billions) Changes from FY 2012
Net sales and other operating revenue 9,800          + 23.3%
Operating income                      520            + 124.8%
Net income                            375            + 77.3%
                                      Yen
Basic net income per common share     208.07

Dividend per Share of Common Stock for fiscal years 2012 and 2013

The Board of Directors of Honda Motor Co., Ltd., at its meeting held on
October 29, 2012, resolved to make the quarterly dividend JPY 19 per share of
common stock, the record date of which is September 30, 2012. The total
expected annual dividend per share of common stock for the fiscal year ending
March 31, 2013, is JPY 76 per share.

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 Honda's actual results
could differ materially from those described in these forward-looking
statements as a result of numerous factors, including general economic
conditions in Honda's principal markets and foreign exchange rates between the
Japanese yen and the U.S. dollar, the Euro and other major currencies, as well
as other factors detailed from time to time.

For Additional Information, Please visit;
http://world.honda.com/investors/library/financialresult/ 

SOURCE Honda Motor Co., Ltd.

Website: http://world.honda.com
Contact: Honda Motor Co., Ltd., +1-212-707-9920 ext: 1