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

TOKYO--Oct. 29, 2012:  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:

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.