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Honda Motor Co., Ltd. - HMC STOCK NEWS

Welcome to our dedicated page for Honda Motor Co., Ltd. news (Ticker: HMC), a resource for investors and traders seeking the latest updates and insights on Honda Motor Co., Ltd. stock.

Honda Motor Co., Ltd. (symbol: HMC) is a renowned Japanese multinational conglomerate that specializes in the production of automobiles, motorcycles, and power equipment. Headquartered in Minato, Tokyo, Japan, Honda has established itself as a leading name in the global automotive industry.

Incorporated in 1948, Honda initially made its mark as a motorcycle manufacturer. Over the years, the company expanded its product lines to include automobiles and power products such as boat engines, generators, and lawnmowers. Honda's innovative approach and commitment to quality have made it a household name worldwide.

As of fiscal 2023, Honda sold a combined total of 22.4 million automobiles and motorcycles. This includes 3.7 million automobiles, underscoring the company's significant presence in the global market. Honda's consolidated sales reached JPY 16.9 trillion, with automobiles accounting for 63% of revenue and motorcycles 17%. The remaining revenue is derived from power products and financial services, showcasing the company's diversified portfolio.

Honda is not just limited to motor vehicles; the company is also involved in the production of robots and private jets. This diversification highlights Honda's commitment to innovation and technological advancement.

Recent Achievements and Projects:

  • On June 23, 2023, Honda filed its annual report on Form 20-F for the fiscal year ended March 31, 2023. This report outlines the company's financial performance and strategic initiatives.
  • On August 9, 2023, Honda announced its consolidated financial results for the fiscal first quarter ended June 30, 2023. These results are indicative of Honda's market resilience and strategic growth.
  • Honda has also been active in the clean-tech sector. On November 6, 2023, Honda invested in Princeton NuEnergy (PNE), a company specializing in lithium-ion battery recycling. This investment is part of Honda's broader vision to achieve 100% sustainable materials usage by 2050.
  • On November 9, 2023, Honda released its consolidated financial results for the fiscal second quarter and the first half year ended September 30, 2023, reinforcing its commitment to transparency and shareholder value.

Honda's commitment to sustainability and innovation is evident in its various initiatives and partnerships. The company is striving to achieve carbon neutrality for all its products and corporate activities by 2050. Additionally, Honda aims to eliminate traffic collision fatalities involving its automobiles and motorcycles through advanced safety technologies.

With a global workforce of approximately 220,000 associates, Honda operates in more than 60 manufacturing plants across 27 countries. The company's extensive global footprint enables it to deliver over 30 million products annually, meeting the diverse needs of customers worldwide.

Honda Motor Co., Ltd. continues to be a pioneering force in the automotive industry, leveraging its rich heritage and innovative spirit to drive future growth and sustainability.

Rhea-AI Summary

Honda Motor Co., (HMC) has filed its annual report on Form 20-F for the fiscal year ending March 31, 2024, with the Securities and Exchange Commission.

The report provides comprehensive details about Honda's financial performance, including revenue, earnings, and other key metrics. It is available online at the SEC's website and Honda's investor relations page.

Investors and stakeholders can access the full report to gain insights into the company's performance and strategic direction.

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Honda Motor Co., Ltd. (HMC) announces improved profitability in both motorcycle and automobile operations for the fiscal second quarter and first half year ended September 30, 2023. Operating profit reached 696.5 billion yen with an operating margin of 7.2%. Despite challenges in China and Asia, sales revenue, operating profit, and profit for the period are revised upward from the previous forecast. The company also increased dividends from 150 yen to 174 yen and has acquired approximately ¥163.5B of its own stock.
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Princeton NuEnergy (PNE), a clean-tech innovator, has raised $16 million in its Series A funding round. The round was led by Wistron Corporation, with participation from Honda Motor, GS Futures, and Traxys North America, among others. PNE will use the funds to construct a new recycling facility and increase processing capacity. PNE's flagship innovation is a low-temperature plasma-assisted separation process (LPAS™) that reduces costs, waste, and carbon emissions in lithium-ion battery recycling.
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Honda Motor Co., Ltd. has announced its consolidated financial results for the fiscal first quarter ended June 30, 2023. The profitability in the Automobile Business has improved under the strengthened fixed cost structure. The total operating profit is 394.4 billion yen with an operating margin of 8.5%. Honda has decided to split one share of common stock into three shares to expand the investor base.
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Honda Motor Co., Ltd. announced its consolidated financial summary for the fiscal year ended March 31, 2023, reporting a 16.2% increase in sales revenue and a 3.7% decrease in operating profit. The company also provided forecasts for the fiscal year ending March 31, 2024, projecting a 7.6% increase in sales revenue and a 19.1% increase in operating profit.
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FAQ

What does Honda Motor Co., Ltd. specialize in?

Honda specializes in the production of automobiles, motorcycles, and power equipment.

When was Honda Motor Co., Ltd. incorporated?

Honda was incorporated in 1948.

Where is Honda Motor Co., Ltd. headquartered?

Honda is headquartered in Minato, Tokyo, Japan.

What were Honda's consolidated sales in fiscal 2023?

Honda's consolidated sales reached JPY 16.9 trillion in fiscal 2023.

How many vehicles did Honda sell in fiscal 2023?

Honda sold 22.4 million vehicles, including 3.7 million automobiles, in fiscal 2023.

What are some recent achievements of Honda?

Recent achievements include filing an annual report on Form 20-F, announcing financial results for the fiscal first quarter, and investing in Princeton NuEnergy.

What is Honda's vision for sustainability?

Honda aims to achieve 100% sustainable materials usage by 2050 and carbon neutrality for all products and corporate activities.

How many manufacturing plants does Honda operate globally?

Honda operates more than 60 manufacturing plants in 27 countries.

How many associates does Honda employ globally?

Honda employs approximately 220,000 associates worldwide.

What is Honda's commitment to safety?

Honda aims to eliminate traffic collision fatalities involving its automobiles and motorcycles through advanced safety technologies.

Honda Motor Co., Ltd.

NYSE:HMC

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