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Press release from PR Newswire

Honda Motor Co., Ltd. Reports Consolidated Financial Results For The Fiscal Fourth Quarter And The Fiscal Year Ended March 31, 2012

Friday, April 27, 2012

Honda Motor Co., Ltd. Reports Consolidated Financial Results For The Fiscal Fourth Quarter And The Fiscal Year Ended March 31, 201207:00 EDT Friday, April 27, 2012TOKYO, April 27, 2012 /PRNewswire/ -- Honda Motor Co., Ltd. (NYSE: HMC) today announced its consolidated financial results for the fiscal fourth quarter and the fiscal year ended March 31, 2012.Fourth Quarter ResultsHonda's consolidated net income attributable to Honda Motor Co., Ltd. for the fiscal fourth quarter ended March 31, 2012 totaled JPY 71.5 billion (USD 871 million), an increase of 60.7% from the same period last year. Basic net income attributable to Honda Motor Co., Ltd. per common share for the quarter amounted to JPY 39.72 (USD 0.48), an increase of JPY 15.00 (USD 0.18) from JPY 24.72 for the corresponding period last year. Consolidated net sales and other operating revenue (herein referred to as "revenue") for the quarter amounted to JPY 2,405.0 billion (USD 29,262 million), an increase of 8.7% from last year, due primarily to increased revenue in motorcycle and automobile business operations, despite the unfavorable foreign currency translation effects.Consolidated operating income for the quarter amounted to JPY 111.9 billion (USD 1,362 million), an increase of 142.3% from last year, due primarily to an increase in sales volume and model mix, and decreased SG&A expenses, despite increased R&D expenses and the unfavorable foreign currency translation effects.Business SegmentWith respect to Honda's sales for the fiscal fourth quarter by business segment, motorcycle unit sales totaled 3,456 thousand units, an increase of 17.8% from last year. Revenue increased 1.5%, to JPY 358.5 billion (USD 4,362 million), from last year. Operating income totaled JPY 32.8 billion (USD 400 million), a decrease of 31.7% from last year.Honda's automobile unit sales totaled 988 thousand units, an increase of 14.9% from last year. Revenue increased 12.1%, to JPY 1,844.9 billion (USD 22,447 million), from last year. Operating income totaled JPY 45.1 billion (USD 549 million), an increase of JPY 84.3 billion (USD 1,026 million) from last year.Revenue in the financial services business decreased 4.1%, to JPY 129.0 billion (USD 1,570 million) from last year. Operating income decreased 9.2% to JPY 35.9 billion (USD 438 million) from last year.Honda's power product unit sales totaled 2,010 thousand units, an increase of 15.1% from last year. Revenue in power product and other businesses decreased 9.4%, to JPY 72.5 billion (USD 883 million), from last year. Honda reported an operating loss of JPY 2.0 billion (USD 25 million), an improvement of JPY 0.3 billion (USD 4 million), from last year.Forecasts for the Fiscal Year Ending March 31, 2013In regard to the forecasts of the financial results for the fiscal year ending March 31, 2013, Honda projects consolidated results to be as shown below:Fiscal year ending March 31, 2013Yen (billions)Changes from FY 2012Net sales and other operating revenue10,300+ 29.6%Operating income620+ 168.0%Net income attributable to    Honda Motor Co., Ltd. 470+ 122.2%YenBasic net income attributable to    Honda Motor Co., Ltd. per common share260.78Dividend per Share of Common Stock for fiscal years 2012 and 2013The Company plans to distribute year-end cash dividends of JPY 15 per share for the year ended March 31, 2012 subject to resolution at the general meeting of shareholders. The Company plans to distribute quarterly cash dividends of JPY 19 per share for each quarter for the year ending March 31, 2013. As a result, total cash dividends for the year ending March 31, 2013 are planned to be JPY 76 per share.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 Honda's actual results could differ materially from those described in these forward-looking statements as a result of numerous factors, including general economic conditions in Honda's principal markets and foreign exchange rates between the Japanese yen and the U.S. dollar, the Euro and other major currencies, as well as other factors detailed from time to time.For Additional Information, Please visit;http://world.honda.com/investors/library/financialresult/ Where you can download financial results information. SOURCE Honda Motor Co., Ltd.For further information: Honda Motor Co., Ltd., +1-212-707-9920 ext: 1