Honda Denies Nikkei Report on 1 Trillion Yen Q3 Operating Profit

TL;DR

**Honda says Nikkei's 1 trillion yen profit report is NOT official.**

AI Summary

Honda Motor Co., Ltd. (HMC) filed a 6-K on February 6, 2024, to address media reports from the Nikkei online edition on February 5, 2024. The Nikkei article claimed Honda's consolidated operating profit for the cumulative third quarter of the fiscal year ending March 2024 was approximately 1 trillion yen. Honda explicitly stated that they have not made any official announcement regarding these specific business performance figures. This matters to investors because it clarifies that the reported 1 trillion yen operating profit is not an official company statement, preventing potential misinterpretation of unaudited or unconfirmed financial data.

Why It Matters

This filing is crucial for investors as it corrects potentially misleading information about Honda's financial performance, ensuring decisions are based on official company disclosures rather than unconfirmed media speculation.

Risk Assessment

Risk Level: low — The filing clarifies a media report, reducing the risk of investors acting on unconfirmed financial data, which is a positive for transparency.

Analyst Insight

A smart investor would disregard the unconfirmed Nikkei report and await Honda's official earnings release for the cumulative third quarter of the fiscal year ending March 2024 before making any investment decisions based on profit figures.

Key Numbers

• 1 trillion yen — Reported consolidated operating profit (The amount reported by Nikkei for Honda's cumulative third quarter of the fiscal year ending March 2024, which Honda has not confirmed.)

Key Players & Entities

• Honda Motor Co., Ltd. (company) — the registrant filing the 6-K
• Nikkei online edition (company) — the media outlet that published the unconfirmed report
• Masaharu Hirose (person) — General Manager, Finance Division, who signed the report
• Toshihiro Mibe (person) — Director, President and Representative Executive Officer of Honda Motor Co., Ltd.
• 1 trillion yen (dollar_amount) — reported consolidated operating profit for cumulative Q3 FY2024

Forward-Looking Statements

• Honda will release its official Q3 FY2024 earnings report soon, which will either confirm or contradict the Nikkei's reported 1 trillion yen operating profit. (Honda Motor Co., Ltd.) — high confidence, target: Late February/Early March 2024

FAQ

Filing Documents

• d31774d6k.htm (6-K) — 11KB
• 0001193125-24-024689.txt ( ) — 12KB

From the Filing

Form 6-K Table of Contents No.1-7628 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 FOR THE MONTH OF FEBRUARY 2024 COMMISSION FILE NUMBER: 1-07628 HONDA GIKEN KOGYO KABUSHIKI KAISHA (Name of registrant) HONDA MOTOR CO., LTD. (Translation of registrants name into English) 1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo 107-8556, Japan (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-FForm 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Table of Contents Contents Exhibit 1: Regarding Media Reports concerning Hondas Business Performance Table of Contents Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. HONDA GIKEN KOGYO KABUSHIKI KAISHA ( HONDA MOTOR CO., LTD. ) /s/ Masaharu Hirose Masaharu Hirose General Manager Finance Division Honda Motor Co., Ltd. Date: February 6, 2024 Table of Contents [Translation] February 6, 2024 To: Shareholders of Honda Motor Co., Ltd. From: Honda Motor Co., Ltd. 1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo, 107-8556 Toshihiro Mibe Director, President and Representative Executive Officer Regarding Media Reports concerning Hondas Business Performance It was reported in the Nikkei online edition on February 5, 2024, that Hondas consolidated operating profit for the cumulative third quarter of the As reported, a recovery in automobile production due to the normalization of the supply network and the weak yen are boosting profits, but the consolidated results for the cumulative third quarter of the fiscal year ending March 2024 are currently under final confirmation and are scheduled to be announced at 3:00 PM JST on February 8, 2024. - End -

View Full Filing

View this 6-K filing on SEC EDGAR