Table of Contents

No.1-7628

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

FOR THE MONTH OF AUGUST 2024

COMMISSION FILE NUMBER: 1-07628

HONDA GIKEN KOGYO KABUSHIKI KAISHA

(Name of registrant)

HONDA MOTOR CO., LTD.

(Translation of registrant’s name into English)

1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo 107-8556, Japan

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

 

 

 


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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

HONDA GIKEN KOGYO KABUSHIKI KAISHA (HONDA MOTOR CO., LTD.)

/s/ Sumihiro Takahashi

Sumihiro Takahashi
General Manager
Finance Division
Honda Motor Co., Ltd.

Date: August 7, 2024


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Consolidated Financial Results for the Fiscal First Quarter Ended June 30, 2024 (IFRS)

August 7, 2024

 

Company name   

:  Honda Motor Co., Ltd.

Listing   

:  Tokyo Stock Exchange

Securities code   

:  7267

URL   

:  https://global.honda/en/investors/

Representative   

:  Toshihiro Mibe, Director, President and Representative Executive Officer

Inquiries   

:  Masao Kawaguchi, Head of Accounting and Finance Supervisory Unit

Tel. +81-3-3423-1111

Scheduled date to commence dividend payments   

:  —

Supplemental materials prepared for consolidated financial results   

:  Yes

Holdings of financial results meeting   

:  Yes

(Amounts are rounded to the nearest million yen)

1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (from April 1, 2024 to June 30, 2024)

 

(1) Consolidated operating results (for the three months ended June 30)    (% of change from the same period of the previous fiscal year)

 

    Sales revenue     Operating profit     Profit before
income taxes
    Profit for the period     Profit for the period
attributable to owners
of the parent
    Comprehensive
income for the period
 

Three months ended

    Yen (millions)       %       Yen (millions)       %       Yen (millions)       %       Yen (millions)       %       Yen (millions)       %       Yen (millions)       %  

June 30, 2024

    5,404,858       16.9       484,705       22.9       559,474       8.7       414,327       8.2       394,660       8.7       947,527       -5.9  

June 30, 2023

    4,624,996       20.8       394,447       77.5       514,924       116.9       382,945       134.1       363,069       143.3       1,006,423       15.6  

 

 

Earnings per share attributable

to owners of the parent

- Basic

   

Earnings per share attributable

to owners of the parent

- Diluted

Three months ended

  Yen     Yen

June 30, 2024

  81.81     81.81

June 30, 2023

  73.02     73.02

Explanatory notes:

 

1.

Basic and diluted earnings per share are calculated based on the profit for the period attributable to owners of the parent.

 

2.

As of the effective date of October 1, 2023, the Company implemented a three-for-one stock split of its common stock to shareholders as of the record date of September 30, 2023. Basic and diluted earnings per share attributable to owners of the parent are calculated based on the assumption that the stock split had been implemented at the beginning of the previous fiscal year.

(2) Consolidated financial position

 

                                                                                                                                                                               
     Total assets      Total equity      Equity attributable to owners
of the parent
     Ratio of equity attributable to
owners of the parent to
total assets
 

As of

     Yen (millions)        Yen (millions)        Yen (millions)        %  

June 30, 2024

     31,311,972        13,697,678        13,411,175        42.8  

March 31, 2024

     29,774,150        13,005,872        12,696,995        42.6  


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2. Dividends

 

     Annual dividends per share  
   First
quarter-end
     Second
quarter-end
     Third
quarter-end
     Fiscal
year-end
     Total  
     Yen      Yen      Yen      Yen      Yen  

Fiscal year ended March 31, 2024

            87.00               39.00         

Fiscal year ending March 31, 2025

                  

Fiscal year ending March 31, 2025 (forecast)

        34.00               34.00        68.00  

Explanatory notes:

 

1.

Revisions to the forecast of dividends most recently announced: None

 

2.

As of the effective date of October 1, 2023, the Company implemented a three-for-one stock split of its common stock to shareholders as of the record date of September 30, 2023. The year-end dividend per share for the fiscal year ended March 31, 2024 is based on the number of shares after the stock split and the total annual dividend is disclosed as “ – ”. Based on the number of shares prior to the stock split, the year-end dividend and the total annual dividend for the fiscal year ended March 31, 2024 are expected to be JPY 117.00 per share and JPY 204.00 per share, respectively.

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2025 (from April 1, 2024 to March 31, 2025)

(% of change from the previous fiscal year)

 

     Sales revenue      Operating profit      Profit before
income taxes
     Profit for the year      Profit for the year
attributable to owners
of the parent
     Earnings per share
attributable to owners
of the parent
 
     Yen (millions)      %      Yen (millions)      %      Yen (millions)      %      Yen (millions)      %      Yen (millions)      %      Yen  

Full-year

     20,300,000        -0.6        1,420,000        2.8        1,480,000        -9.9        1,070,000        -9.5        1,000,000        -9.7        210.82  

Explanatory note:

Revisions to the forecast of consolidated financial results most recently announced: Yes


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*Explanatory notes

(1) Significant changes in the scope of consolidation during the period: None

 

Newly included:    - companies    (Company name: -)
Excluded:    - companies    (Company name: -)

(2) Changes in accounting policies and changes in accounting estimates

 

(i)

   Changes in accounting policies required by IFRS      :      None

(ii)

   Changes in accounting policies due to other reason      :      None

(iii)

   Changes in accounting estimates      :      None

(3) Number of issued shares (common shares)

 

  (i)

Number of issued shares at the end of the period (including treasury stock)

 

As of June 30, 2024    5,280,000,000 shares   
As of March 31, 2024    5,280,000,000 shares   

 

  (ii)

Number of treasury stock at the end of the period

 

As of June 30, 2024    457,569,637 shares   
As of March 31, 2024    451,092,624 shares   

 

  (iii)

Average number of shares outstanding during the period

 

Three months ended June 30, 2024    4,823,906,086 shares   
Three months ended June 30, 2023    4,972,297,953 shares   

As of the effective date of October 1, 2023, the Company implemented a three-for-one stock split of its common stock to shareholders as of the record date of September 30, 2023. Number of issued shares at the end of the period (including treasury stock), number of treasury stock at the end of the period and average number of shares outstanding during the period are calculated based on the assumption that the stock split had been implemented at the beginning of the previous fiscal year.

 

*

Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm : None

 

*

Proper use of earning forecasts, and other special matters

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.

Honda’s American Depositary Shares are listed and traded on the New York Stock Exchange. One American Depositary Share represents three common shares.

For supplemental materials prepared for consolidated financial results and other information, please refer to Honda’s Investor Relations website (URL https://global.honda/en/investors/).


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TABLE OF CONTENTS

Consolidated Financial Results for the Fiscal First Quarter Ended June 30, 2024

 

1. Overview of Consolidated Financial Results

     2  

2. Condensed Consolidated Interim Financial Statements and Notes to Condensed Consolidated Interim Financial Statements

     3  

[1] Condensed Consolidated Statements of Financial Position

     3  

[2] Condensed Consolidated Statements of Income and
Condensed Consolidated Statements of Comprehensive Income

     4  

Condensed Consolidated Statements of Income
For the three months ended June 30, 2023 and 2024

     4  

Condensed Consolidated Statements of Comprehensive Income
For the three months ended June 30, 2023 and 2024

     5  

[3] Condensed Consolidated Statements of Changes in Equity

     6  

[4] Condensed Consolidated Statements of Cash Flows

     7  

[5] Assumptions for Going Concern

     8  

[6] Notes to Condensed Consolidated Interim Financial Statements

     8  

 

—1—


Table of Contents

1. Overview of Consolidated Financial Results

Consolidated Operating Results

Honda’s consolidated sales revenue for the three months ended June 30, 2024 increased by 16.9%, to JPY 5,404.8 billion from the same period last year, due mainly to increased sales revenue in Motorcycle business and Automobile business as well as positive foreign currency translation effects. Operating profit increased by 22.9%, to JPY 484.7 billion from the same period last year, due mainly to increased profit attributable to price and cost impacts, which was partially offset by increased expenses. Profit before income taxes increased by 8.7%, to JPY 559.4 billion from the same period last year. Profit for the period attributable to owners of the parent increased by 8.7%, to JPY 394.6 billion from the same period last year.

Consolidated Statements of Financial Position

Total assets as of June 30, 2024 increased by JPY 1,537.8 billion, to JPY 31,311.9 billion from March 31, 2024 due mainly to increased receivables from financial service as well as positive foreign currency translation effects. Total liabilities increased by JPY 846.0 billion, to JPY 17,614.2 billion from March 31, 2024 due mainly to increased financing liabilities as well as positive foreign currency translation effects, which was partially offset by decreased trade payables. Total equity increased by JPY 691.8 billion, to JPY 13,697.6 billion from March 31, 2024 due mainly to increased retained earnings attributable to profit for the period as well as positive foreign currency translation effects.

 

—2—


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2. Condensed Consolidated Interim Financial Statements and Notes to Condensed Consolidated Interim Financial Statements

[1] Condensed Consolidated Statements of Financial Position

March 31, 2024 and June 30, 2024

 

     Yen (millions)  
     Mar. 31, 2024     Jun. 30, 2024  

Assets

    

Current assets:

    

Cash and cash equivalents

     4,954,565       4,977,263  

Trade receivables

     1,240,090       1,143,580  

Receivables from financial services

     2,558,594       2,776,541  

Other financial assets

     229,583       192,827  

Inventories

     2,442,969       2,675,607  

Other current assets

     446,763       519,421  
  

 

 

   

 

 

 

Total current assets

     11,872,564       12,285,239  
  

 

 

   

 

 

 

Non-current assets:

    

Investments accounted for using the equity method

     1,206,968       1,248,365  

Receivables from financial services

     5,616,676       6,200,507  

Other financial assets

     968,142       1,020,828  

Equipment on operating leases

     5,202,768       5,541,058  

Property, plant and equipment

     3,234,413       3,294,674  

Intangible assets

     999,689       1,043,662  

Deferred tax assets

     170,856       152,676  

Other non-current assets

     502,074       524,963  
  

 

 

   

 

 

 

Total non-current assets

     17,901,586       19,026,733  
  

 

 

   

 

 

 

Total assets

     29,774,150       31,311,972  
  

 

 

   

 

 

 

Liabilities and Equity

    

Current liabilities:

    

Trade payables

     1,609,836       1,474,570  

Financing liabilities

     4,105,590       4,889,382  

Accrued expenses

     638,319       595,591  

Other financial liabilities

     340,858       372,129  

Income taxes payable

     157,410       138,430  

Provisions

     566,722       578,689  

Other current liabilities

     904,757       918,723  
  

 

 

   

 

 

 

Total current liabilities

     8,323,492       8,967,514  
  

 

 

   

 

 

 

Non-current liabilities:

    

Financing liabilities

     6,057,967       6,162,648  

Other financial liabilities

     316,919       314,803  

Retirement benefit liabilities

     284,844       304,119  

Provisions

     385,001       362,558  

Deferred tax liabilities

     855,067       921,241  

Other non-current liabilities

     544,988       581,411  
  

 

 

   

 

 

 

Total non-current liabilities

     8,444,786       8,646,780  
  

 

 

   

 

 

 

Total liabilities

     16,768,278       17,614,294  
  

 

 

   

 

 

 

Equity:

    

Common stock

     86,067       86,067  

Capital surplus

     205,073       204,951  

Treasury stock

     (550,808     (562,991

Retained earnings

     10,644,213       10,850,417  

Other components of equity

     2,312,450       2,832,731  
  

 

 

   

 

 

 

Equity attributable to owners of the parent

     12,696,995       13,411,175  

Non-controlling interests

     308,877       286,503  
  

 

 

   

 

 

 

Total equity

     13,005,872       13,697,678  
  

 

 

   

 

 

 

Total liabilities and equity

     29,774,150       31,311,972  
  

 

 

   

 

 

 

 

—3—


Table of Contents

[2] Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income

Condensed Consolidated Statements of Income

For the three months ended June 30, 2023 and 2024

 

     Yen (millions)  
     Three months
ended
Jun. 30, 2023
    Three months
ended
Jun. 30, 2024
 

Sales revenue

     4,624,996       5,404,858  

Operating costs and expenses:

    

Cost of sales

     (3,627,891     (4,208,475

Selling, general and administrative

     (404,703     (495,796

Research and development

     (197,955     (215,882
  

 

 

   

 

 

 

Total operating costs and expenses

     (4,230,549     (4,920,153
  

 

 

   

 

 

 

Operating profit

     394,447       484,705  
  

 

 

   

 

 

 

Share of profit of investments accounted for using the equity method

     42,853       1,434  

Finance income and finance costs:

    

Interest income

     32,855       50,089  

Interest expense

     (9,042     (12,219

Other, net

     53,811       35,465  
  

 

 

   

 

 

 

Total finance income and finance costs

     77,624       73,335  
  

 

 

   

 

 

 

Profit before income taxes

     514,924       559,474  

Income tax expense

     (131,979     (145,147
  

 

 

   

 

 

 

Profit for the period

     382,945       414,327  
  

 

 

   

 

 

 

Profit for the period attributable to:

    

Owners of the parent

     363,069       394,660  

Non-controlling interests

     19,876       19,667  
     Yen  

Earnings per share attributable to owners of the parent

    

Basic and diluted

     73.02       81.81  

 

—4—


Table of Contents

Condensed Consolidated Statements of Comprehensive Income

For the three months ended June 30, 2023 and 2024

 

     Yen (millions)  
     Three months
ended
Jun. 30, 2023
    Three months
ended
Jun. 30, 2024
 

Profit for the period

     382,945       414,327  

Other comprehensive income, net of tax:

    

Items that will not be reclassified to profit or loss

    

Remeasurements of defined benefit plans

     6       (5

Net changes in revaluation of financial assets measured at fair value through other comprehensive income

     15,709       (5,332

Share of other comprehensive income of investments accounted for using the equity method

     2,825       (280

Items that may be reclassified subsequently to profit or loss

    

Net changes in revaluation of financial assets measured at fair value through other comprehensive income

     (155     (31

Exchange differences on translating foreign operations

     581,244       489,146  

Share of other comprehensive income of investments accounted for using the equity method

     23,849       49,702  
  

 

 

   

 

 

 

Total other comprehensive income, net of tax

     623,478       533,200  
  

 

 

   

 

 

 

Comprehensive income for the period

     1,006,423       947,527  
  

 

 

   

 

 

 

Comprehensive income for the period attributable to:

    

Owners of the parent

     972,537       914,903  

Non-controlling interests

     33,886       32,624  

 

—5—


Table of Contents

[3] Condensed Consolidated Statements of Changes in Equity

For the three months ended June 30, 2023

 

     Yen (millions)  
     Equity attributable to owners of the parent     Non-controlling
interests
    Total
equity
 
     Common
stock
     Capital
surplus
    Treasury
stock
    Retained
earnings
    Other
components
of equity
   
Total
 

Balance as of April 1, 2023

     86,067        185,589       (484,931     9,980,128       1,417,397       11,184,250       318,041       11,502,291  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Comprehensive income for the period

                 

Profit for the period

            363,069         363,069       19,876       382,945  

Other comprehensive income, net of tax

              609,468       609,468       14,010       623,478  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total comprehensive income for the period

            363,069       609,468       972,537       33,886       1,006,423  

Reclassification to retained earnings

            416       (416              

Transactions with owners and other

                 

Dividends paid

            (99,915       (99,915     (53,367     (153,282

Purchases of treasury stock

          (59,507         (59,507       (59,507

Disposal of treasury stock

          394           394         394  

Share-based payment transactions

        (232           (232       (232
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total transactions with owners and other

        (232     (59,113     (99,915       (159,260     (53,367     (212,627
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance as of June 30, 2023

     86,067        185,357       (544,044     10,243,698       2,026,449       11,997,527       298,560       12,296,087  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

For the three months ended June 30, 2024

 

     Yen (millions)  
     Equity attributable to owners of the parent     Non-controlling
interests
    Total
equity
 
     Common
stock
     Capital
surplus
    Treasury
stock
    Retained
earnings
    Other
components
of equity
     Total  

Balance as of April 1, 2024

     86,067        205,073       (550,808     10,644,213       2,312,450        12,696,995       308,877       13,005,872  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Comprehensive income for the period

                  

Profit for the period

            394,660          394,660       19,667       414,327  

Other comprehensive income, net of tax

              520,243        520,243       12,957       533,200  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total comprehensive income for the period

            394,660       520,243        914,903       32,624       947,527  

Reclassification to retained earnings

            (38     38                 

Transactions with owners and other

                  

Dividends paid

            (188,418        (188,418     (54,998     (243,416

Purchases of treasury stock

          (12,502          (12,502       (12,502

Disposal of treasury stock

          319            319         319  

Share-based payment transactions

        (122            (122       (122
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total transactions with owners and other

        (122     (12,183     (188,418        (200,723     (54,998     (255,721
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Balance as of June 30, 2024

     86,067        204,951       (562,991     10,850,417       2,832,731        13,411,175       286,503       13,697,678  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

 

—6—


Table of Contents

[4] Condensed Consolidated Statements of Cash Flows

For the three months ended June 30, 2023 and 2024

 

     Yen (millions)  
     Three months
ended
Jun. 30, 2023
    Three months
ended
Jun. 30, 2024
 

Cash flows from operating activities:

    

Profit before income taxes

     514,924       559,474  

Depreciation, amortization and impairment losses excluding equipment on operating leases

     185,697       187,926  

Share of profit of investments accounted for using the equity method

     (42,853     (1,434

Finance income and finance costs, net

     (19,992     (41,502

Interest income and interest costs from financial services, net

     (36,616     (42,969

Changes in assets and liabilities

    

Trade receivables

     134,426       136,517  

Inventories

     29,146       (108,546

Trade payables

     (171,061     (164,570

Accrued expenses

     (56,526     (87,424

Provisions and retirement benefit liabilities

     (37,090     (30,876

Receivables from financial services

     (337,122     (315,249

Equipment on operating leases

     45,052       (76,747

Other assets and liabilities

     (50,244     (75,349

Other, net

     (16,099     5,589  

Dividends received

     36,332       51,024  

Interest received

     115,115       181,054  

Interest paid

     (42,861     (99,206

Income taxes paid, net of refunds

     (54,106     (158,975
  

 

 

   

 

 

 

Net cash provided by (used in) operating activities

     196,122       (81,263

Cash flows from investing activities:

    

Payments for additions to property, plant and equipment

     (69,208     (138,790

Payments for additions to and internally developed intangible assets

     (42,127     (68,623

Proceeds from sales of property, plant and equipment and intangible assets

     1,332       40  

Proceeds from sales of subsidiaries, net of cash and cash equivalents disposed of

     (2,940      

Payments for acquisitions of investments accounted for using the equity method

     (36,734     (831

Payments for acquisitions of other financial assets

     (65,233     (50,174

Proceeds from sales and redemptions of other financial assets

     88,327       65,778  
  

 

 

   

 

 

 

Net cash used in investing activities

     (126,583     (192,600

Cash flows from financing activities:

    

Proceeds from short-term financing liabilities

     3,004,472       2,421,185  

Repayments of short-term financing liabilities

     (2,858,776     (2,167,488

Proceeds from long-term financing liabilities

     532,895       477,816  

Repayments of long-term financing liabilities

     (493,899     (405,841

Dividends paid to owners of the parent

     (99,915     (188,418

Dividends paid to non-controlling interests

     (20,691     (23,781

Purchases and sales of treasury stock, net

     (59,113     (12,183

Repayments of lease liabilities

     (19,738     (19,342
  

 

 

   

 

 

 

Net cash provided by (used in) financing activities

     (14,765     81,948  

Effect of exchange rate changes on cash and cash equivalents

     225,606       214,613  
  

 

 

   

 

 

 

Net change in cash and cash equivalents

     280,380       22,698  

Cash and cash equivalents at beginning of year

     3,803,014       4,954,565  
  

 

 

   

 

 

 

Cash and cash equivalents at end of period

     4,083,394       4,977,263  
  

 

 

   

 

 

 

 

—7—


Table of Contents

[5] Assumptions for Going Concern

None

[6] Notes to Condensed Consolidated Interim Financial Statements

[A] Segment Information

Based on Honda’s organizational structure and characteristics of products and services, Honda discloses segment information in four categories: Reportable segments of Motorcycle business, Automobile business and Financial services business, and other segments that are not reportable. The other segments are combined and disclosed in Power products and other businesses. Segment information is based on the components of Honda for which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The accounting policies used for segment information are consistent with the accounting policies used in the Company’s condensed consolidated interim financial statements.

Principal products and services, and functions of each segment are as follows:

 

Segment

  

Principal products and services

  

Functions

Motorcycle Business

   Motorcycles, all-terrain vehicles (ATVs), side-by-sides (SxS) and relevant parts   

Research and development

Manufacturing

Sales and related services

Automobile Business

   Automobiles and relevant parts   

Research and development

Manufacturing

Sales and related services

Financial Services Business

   Financial services   

Retail loan and lease related to Honda products

Others

Power Products and Other Businesses

   Power products and relevant parts, and others   

Research and development

Manufacturing

Sales and related services

Others

 

—8—


Table of Contents

Segment information based on products and services

As of and for the three months ended June 30, 2023

 

     Yen (millions)  
     Motorcycle
Business
     Automobile
Business
     Financial
Services
Business
     Power Products
and Other
Businesses
     Segment
Total
     Reconciling
Items
    Consolidated  

Sales revenue:

                   

External customers

     756,955        2,992,339        773,029        102,673        4,624,996              4,624,996  

Intersegment

            39,009        629        6,522        46,160        (46,160      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

Total

     756,955        3,031,348        773,658        109,195        4,671,156        (46,160     4,624,996  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

Segment profit (loss)

     143,520        176,982        69,528        4,417        394,447              394,447  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

Segment assets

     1,793,502        10,669,517        12,374,016        504,694        25,341,729        1,131,628       26,473,357  

Depreciation and amortization

     17,699        163,159        205,004        3,661        389,523              389,523  

Capital expenditures

     9,727        119,758        553,141        3,143        685,769              685,769  

As of and for the three months ended June 30, 2024

 

     Yen (millions)  
     Motorcycle
Business
     Automobile
Business
     Financial
Services
Business
     Power Products
and Other
Businesses
    Segment
Total
     Reconciling
Items
    Consolidated  

Sales revenue:

                  

External customers

     937,687        3,434,612        938,075        94,484       5,404,858              5,404,858  

Intersegment

            69,914        1,324        10,402       81,640        (81,640      
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Total

     937,687        3,504,526        939,399        104,886       5,486,498        (81,640     5,404,858  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Segment profit (loss)

     177,648        222,840        84,970        (753     484,705              484,705  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Segment assets

     2,195,414        12,201,278        15,257,512        607,911       30,262,115        1,049,857       31,311,972  

Depreciation and amortization

     18,293        164,236        218,208        4,218       404,955              404,955  

Capital expenditures

     12,785        146,761        776,953        2,147       938,646              938,646  

Explanatory notes:

 

1.

Intersegment sales revenues are generally made at values that approximate arm’s-length prices.

 

2.

Reconciling items include elimination of intersegment transactions and balances as well as unallocated corporate assets. Unallocated corporate assets, included in reconciling items as of June 30, 2023 and 2024 amounted to JPY 1,276,238 million and JPY 1,330,698 million, respectively, which consist primarily of the Company’s cash and cash equivalents and financial assets measured at fair value through other comprehensive income.

[B] Other

Loss related to airbag inflators

Honda has been conducting market-based measures in relation to airbag inflators. Honda recognizes a provision for specific warranty costs when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. There is a possibility that Honda will need to recognize additional provisions when new evidence related to the product recalls arise, however, it is not possible for Honda to reasonably estimate the amount and timing of potential future losses as of the date of this report.

 

—9—


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