Honda Motor (HMC) Reports Q1 Revenues of JPY2.12B; Provides FY21 Revenue Outlook of JPY12.80B

Honda Motor (NYSE: HMC) reported Q1 revenue for the quarter came in at JPY2.12 billion, versus JPY4 million reported last year.

Consolidated Financial Summary and category of business results for the Fiscal 1st Quarter ended June 30, 2020

• Sales revenue: 2,123.7 billion yen (a year-on-year decrease by 46.9%) due primarily to a decrease in sales revenue from all businesses.
• Operating loss: 113.6 billion yen (a year-on-year decrease by 366.1 billion yen) due primarily to a decrease in profit related to changes in sales volume and model mix. This was despite a decrease in selling, general and administrative (SG&A) expenses.
• Loss before income taxes: 73.4 billion yenThe impact of the COVID-19 is estimated to be approximately 440.0 billion yen.
• Loss for the period attributable to owners of the parent: 80.8 billion yen (a year-on-year decrease by 253.1 billion yen).

GUIDANCE:

Honda Motor sees FY2021 revenue of JPY12.800 billion.

For earnings history and earnings-related data on Honda Motor (HMC) click here.

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