Honda Motor Reports Consolidated Financial Results For The Fiscal Third Quarter Ended December 31, 2012


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TOKYO--Jan. 31, 2013:  Honda Motor Co., Ltd. (HMC; NYSE) today announced its consolidated financial results for the fiscal third quarter ended December 31, 2012.

Third Quarter Results

Honda's consolidated net income attributable to Honda Motor Co., Ltd. for the fiscal third quarter ended December 31, 2012 totaled JPY 77.4 billion (USD 894 million), an increase of 62.5% from the same period last year. Basic net income attributable to Honda Motor Co., Ltd. per common share for the quarter amounted to JPY 42.97 (USD 0.50), an increase of JPY 16.52 (USD 0.19) from JPY 26.45 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 2,425.7 billion (USD 28,018 million), an increase of 24.9% from the same period last year, due primarily to increased revenue in automobile business operations as production has recovered from the impact of the Thai flood.

Consolidated operating income for the quarter amounted to JPY 131.9 billion (USD 1,524 million), an increase of 197.8% 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.

Equity in income of affiliates amounted to JPY 21.4 billion (USD 247 million) for the quarter, a decrease of 6.5% from the corresponding period last year.

Business Segment

In automobile business operation, revenue increased 32.0%, to JPY 1,915.5 billion (USD 22,125 million) from the same period last year. Operating income totaled JPY 70.9 billion (USD 819 million), an increase of JPY 87.9 billion (USD 1,016 million) from the same period last year.

In motorcycle business operation, revenue increased 1.7%, to JPY 307.8 billion (USD 3,555 million) from the same period last year. Operating income totaled JPY 22.8 billion (USD 263 million), a decrease of 11.8% from the same period last year.

In financial services business operation, revenue increased 8.4% to JPY 135.3 billion (USD 1,563 million) from the same period last year. Operating income increased 1.4% to 38.1 billion (USD 440 million) from the same period last year.

In power product and other businesses operation, revenue increased 4.7% to JPY67.0 billion (USD 775 million) from the same period last year. Operating income increased by JPY 2.2 billion (USD 26 million) to JPY 76 million (USD 1 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

370

+ 75.0%


Yen


Basic net income per common share

205.29


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 January 31, 2013, resolved to make the quarterly dividend JPY 19 per share of common stock, the record date of which is December 31, 2012. The total expected annual dividend per share of common stock for the fiscal year ending March 31, 2013, is JPY 76 per share.

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