Welcome to our dedicated page for Honda Motor news (Ticker: HMC), a resource for investors and traders seeking the latest updates and insights on Honda Motor stock.
Honda Motor Co., Ltd. reports recurring developments for a global manufacturer of automobiles, motorcycles and power products whose American depositary shares trade under HMC. Company updates center on consolidated financial results, segment performance in motorcycle and automobile operations, currency and tariff effects, financial forecasts and shareholder-return actions such as share repurchases, cancellations and dividend policy.
Honda news also covers its electrification strategy, including EV and HEV sales, costs tied to electric-vehicle programs, and collaboration on lithium-ion battery recycling technologies. As a foreign issuer, the company also announces Form 20-F filings and other investor disclosures connected to its ADR program and parent-company reporting.
Honda Motor Co., Ltd. has outlined its strategic direction to tackle new challenges while leveraging core technologies. The company aims to achieve its 2030 Vision focusing on zero environmental impact and zero traffic accidents. Key initiatives include the development of an electric vertical take-off and landing aircraft (eVTOL) and an avatar robot designed to enhance human capabilities. Honda will also explore space technology with plans for a lunar renewable energy system and reusable rockets.
Honda Motor Co., Ltd. reported its fiscal Q1 results for the period ending June 30, 2021, revealing a consolidated operating profit of 243.2 billion yen, up 356.9 billion yen year-on-year. The profit attributable to owners of the parent was 222.5 billion yen, marking an increase of 303.3 billion yen. Sales revenue surged to 3,583.8 billion yen, a 68.7% rise driven by increased unit sales. Honda revised its fiscal year profit forecast upwards by 80 billion yen to 670 billion yen, anticipating continued sales growth despite challenges like semiconductor shortages.
Honda Motor Co., Ltd. (HMC) has submitted its annual report on Form 20-F for the fiscal year that ended on March 31, 2021. This filing was made with the Securities and Exchange Commission and provides a comprehensive overview of the company's financial performance.
Investors can access the full report through the SEC's website or Honda's investor relations page for detailed insights into the company's fiscal year metrics.
Honda reported a consolidated operating profit of 660.2 billion yen for FY21, an increase of 4.2% year-on-year, despite 11.8% revenue drop to 13,170.5 billion yen due to COVID-19 and semiconductor shortages. Profit attributable to owners reached 657.4 billion yen, up 44.3%. For FY22, Honda aims to maintain operating profit at 660 billion yen while increasing unit sales. Quarterly dividends rose to 54 yen per share, totaling 110 yen for the year, with future dividends expected to stay stable.
Honda reported a consolidated operating profit of 447.0 billion yen for the nine months ending December 31, 2020, despite COVID-19 impacts and semiconductor shortages. The forecast for consolidated operating profit for FY21 has been revised upward by 100.0 billion yen to 520.0 billion yen. Total dividends per share were also increased by 14 yen to 82 yen. Sales revenue for the nine months was 9,546.7 billion yen, reflecting a decrease due to pandemic effects, while sales revenue for the third quarter increased by 0.6% year-on-year, driven primarily by the automobile sector.
Honda reported a consolidated operating profit of 169.2 billion yen for the first half of the fiscal year, recovering from a loss, primarily due to reduced SG&A expenses amidst declining demand caused by the COVID-19 pandemic. The fiscal second quarter yielded an operating profit of 282.9 billion yen, a 28.5% increase year-on-year, despite a 2.1% decrease in sales revenue to 3,651.3 billion yen. For FY21, the operating profit forecast was revised upwards to 420 billion yen.
Dividends for the second quarter increased to 19 yen per share.
Honda reported significant declines in sales and profits for the fiscal first quarter ended June 30, 2020, attributed primarily to the impact of COVID-19. Sales revenue fell to 2,123.7 billion yen, down 46.9% year-on-year, while operating losses reached 113.6 billion yen. The company anticipates achieving an operating profit of 200.0 billion yen for the fiscal year ending March 31, 2021, despite estimating a 665.0 billion yen impact from COVID-19. Quarterly dividends were set at 11 yen per share, decreased from last year’s 28 yen.
Honda Motor Co., Ltd. (NYSE: HMC) has submitted its annual report on Form 20-F for the fiscal year ending March 31, 2020, to the Securities and Exchange Commission. The report can be accessed through the SEC and Honda's investor relations websites, providing comprehensive insights into Honda's financial performance and operational metrics during the fiscal year.