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Summary of consolidated financial results for the fiscal 4thquarter and the fiscal year ended march by ferujkll sdff
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Summary of consolidated financial results for the fiscal 4thquarter and the fiscal year ended march by FERUJKLL SDFF
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| Article Posted: 09/30/2012 |
| Article Views: 75 |
| Articles Written: 2023 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 822 |
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Summary of consolidated financial results for the fiscal 4thquarter and the fiscal year ended march |
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Business,Business News,Business Opportunities
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TOKYO, Japan, April 27, 2012 - Honda Motor Co., Ltd. announced itsconsolidated financial results for the fiscal fourth quarter andthe fiscal year ended March 31, 2012. Consolidated Financial Summary: Despite the unfavorable currency effects due to the appreciation ofthe Japanese yen and increase in R&D expenses, consolidatedoperating income for the fiscal fourth quarter (January 1, 2012through March 31, 2012) amounted to 111.9 billion yen,approximately 2.4 times greater than the same period of last year,primarily due to motorcycle business, which marked record-high unitsales for any quarter, increased revenue in automobile businessmainly in Japan and North America and decreased selling, generaland administrative (SG&A) expenses. Despite the increased revenue in motorcycle business, consolidatedoperating income for the fiscal year (April 1, 2011 through March31, 2012) declined by 59.4% compared to the previous fiscal yearand amounted to 231.3 billion yen, primarily due to the impact ofdecreased automobile production due to the Great East JapanEarthquake and the flooding in Thailand, increased R&D expensesand the unfavorable currency effects due to the appreciation of theJapanese yen.
Consolidated net income attributable to Honda MotorCo., Ltd. for the fiscal year amounted 211.4 billion yen, 60.4%decrease from the previous fiscal year. Honda plans for year-end cash dividends of JPY 15 per share.Together with the quarterly cash dividends of JPY 15 for the first,second and third fiscal quarters, the total cash dividends to bepaid for the fiscal year ended March 31, 2012 are planned to be JPY60 per share, which is an increase of JPY 6 per share from theannual dividends paid for the fiscal year ended March 31, 2011. Theyear-end dividends are matters to be resolved at the generalshareholders meeting. Consolidated Financial Results for the Fiscal 4th Quarter Consolidated Financial Results for the Fiscal Year ended March 31,2012 (FY12) *1 Unit sales of approximately 0.81 million units for the currentfiscal 4th quarter, and approximately 2.94 million units for thecurrent fiscal year ended March 31, 2012 of Honda-brand motorcycleproducts are not included in the total sales of the motorcyclesegment or in the measure of unit sales, in conformity with U.S.generally accepted accounting principles because they aremanufactured and sold by overseas affiliates accounted for underthe equity method but do not use any parts supplied from Honda andits consolidated subsidiaries.
*2 Certain sales of automobiles that are financed with residual valuetype auto loans by Honda s Japanese finance subsidiaries areaccounted for as operating leases in conformity with U.S. generallyaccepted accounting principles. As a result, they are not includedin the total sales of the automobile segment or in the measure ofunit sales. Forecasts for the Fiscal Year ending March 31, 2013 (FY13) Honda s financial forecasts for the fiscal year ending March 31,2013 are described below, with assumption of the average currencyexchange rates of JPY 80 = USD 1 and JPY 105 = Euro 1 for thefiscal year. Concerning automobile unit sales of Honda group, Honda plans to seta record-high for annual unit sales of 4.3 million units, withplans for a significant increase in sales mainly in North Americaand Asia.
The total cash dividends for the fiscal year ending March 31, 2013are planned to be JPY 76 per share, an increase of JPY 16 from theannual dividends to be paid for the fiscal year ended March 31,2012. Honda will be making changes in disclosure regarding unit sales starting with the new fiscal year ending March 31, 2013. Fordetails, please refer to footnote *3 . *3 Changes in disclosure regarding unit sales starting with thenew fiscal year ending March 31, 2013 From fiscal year ending March 31, 2013 (FY13), Honda discloses thetotal of unit sales of completed products of Honda, itsconsolidated subsidiaries and its affiliates accounted for underthe equity method as "Honda Group Unit Sales".
Until the fiscal year ended March 31, 2012 (FY12), Honda hasdisclosed as "Unit Sales" the total of unit sales of completedproducts of Honda and its consolidated subsidiaries, and sales ofparts for local production at Honda's affiliates accounted forunder the equity method (FY12 results: Motorcycle business: 12.559million units/ Automobile business: 3.137 million units). FromFY13, Honda discloses "Consolidated Unit sales" along with the"Honda Group Unit Sales" in place of the current "Unit Sales"."Consolidated Unit Sales" is the total of unit sales of completedproducts of Honda and its consolidated subsidiaries, not includingparts for local production at Honda's affiliates accounted forunder the equity method (FY12 results: Motorcycle business: 3.909million units/ Automobile business: 0.655 million units). *4 Certain sales of automobiles that are financed with residual valuetype auto loans by our Japanese finance subsidiaries are accountedfor as operating leases in conformity with U.S. generally acceptedaccounting principles and are not included in consolidated netsales to the external customers in our automobile segment. As aresult, they are not included in Consolidated Unit Sales, but areincluded in Honda Group Unit Sales of our automobile segment. I am Luggage Cart writer, reports some information about ijoy massage chairs , dolphin massage chair.
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