Honda Motor (HMC) Reports Q1 Revenues of JPY2.12B; Provides FY21 Revenue Outlook of JPY12.80B
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Honda's Consolidated Financial Summary for the Fiscal Q1 Ended June 30, 2020 and Forecasts for the FY Ending March 31, 2021
August 5, 2020 5:59 AM EDTTOKYO, Aug 5, 2020 - (JCN Newswire) - - I. 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 yen
The impact of the COVID-19 is... More
Honda Motor Co., Ltd. (HMC:NYSE) announced its Consolidated Financial Summary for the Fiscal 1st Quarter Ended June 30, 2020 and Forecasts for the Fiscal Year Ending March 31, 2021
August 5, 2020 4:01 AM EDTTOKYO, Aug. 5, 2020 /PRNewswire/ --
During the fiscal first quarter, business stagnated and demand declined significantly on a global basis due to the COVID-19. Production and sales activities of all Honda operations were impacted, as a result, sales and profit for the fiscal first quarter experienced a year-on-year decrease. Concerning the current fiscal year forecast, although the future outlook remains uncertain due to the impact of the COVID-19, Honda plans to achieve operating profit of 200.0 billion yen and profit before income taxes of 365.0 billion yen by further strengthening its company-wide initiatives to... More