Categories Earnings, Other Industries

Honda’s Q3 earnings drop by 70%; sales remain flat

Honda Motor Company Ltd (HMC) reported consolidated sales revenue of JPY 3.97 trillion for the third quarter of 2019, relatively flat compared to the prior-year period, mainly due to higher sales revenue at motorcycle and financial services business operations, which was partially offset by negative foreign currency translation effects.

Profit attributable to owners of the parent declined 70.5% to JPY 168.2 billion compared to last year mainly due to impacts from the US tax reform last year. EPS decreased by JPY 222.89 to JPY 95.61 from last year.

Operating profit fell by 40.2% year-over-year to JPY 170.1 billion, mainly due to a drop in profit attributable to lower sales revenue and model mix.

Sales revenues increased across all business segments except for Automobile, which saw a slight drop from last year to JPY 2.8 trillion. The company also posted sales growth across all geographies except for Asia and Other Regions which saw declines.

Honda Q2 2019 Earnings: Motorbike giant speeds through results

For the full year of 2019, Honda expects sales revenue to increase 3.2% from 2018 to JPY 15.8 trillion. Profit attributable to owners of the parent is expected to drop 34.4% to JPY 695 billion. Diluted EPS is expected to be JPY 393.99.

The company declared a dividend of JPY 28 per common share for the third quarter. The total expected annual dividend per share of common stock is JPY 111 per share.


Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Leave a Reply

Your email address will not be published. Required fields are marked *

Add Comment

Viewing Highlight