Honda Motor Co., Ltd. Q1 FY25 Financial Results Announced

TL;DR

Honda dropped its Q1 FY25 earnings report. Check the 6-K for details.

AI Summary

Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first quarter ended June 30, 2024. The filing is a Form 6-K, indicating it's a report of a foreign private issuer.

Why It Matters

This filing provides investors with key financial performance data for Honda Motor Co., Ltd. for the first quarter of their fiscal year 2025.

Risk Assessment

Risk Level: low — This is a routine financial results filing and does not contain significant new risks.

Key Players & Entities

• Honda Motor Co., Ltd. (company) — Registrant
• June 30, 2024 (date) — End of fiscal first quarter
• 20240807 (date) — Filing date

FAQ

Filing Documents

• d875873d6k.htm (6-K) — 287KB
• 0001193125-24-195476.txt ( ) — 288KB

Financial Statements

Financial Statements [1] Condensed Consolidated Statements of Financial Position March 31, 2024 and June 30, 2024 Yen (millions) Mar. 31, 2024 Jun. 30, 2024 Assets Current assets: Cash and cash equivalents 4,954,565 4,977,263 Trade receivables 1,240,090 1,143,580 Receivables from financial services 2,558,594 2,776,541 Other financial assets 229,583 192,827 Inventories 2,442,969 2,675,607 Other current assets 446,763 519,421 Total current assets 11,872,564 12,285,239 Non-current assets: Investments accounted for using the equity method 1,206,968 1,248,365 Receivables from financial services 5,616,676 6,200,507 Other financial assets 968,142 1,020,828 Equipment on operating leases 5,202,768 5,541,058 Property, plant and equipment 3,234,413 3,294,674 Intangible assets 999,689 1,043,662 Deferred tax assets 170,856 152,676 Other non-current assets 502,074 524,963 Total non-current assets 17,901,586 19,026,733 Total assets 29,774,150 31,311,972 Liabilities and Equity Current liabilities: Trade payables 1,609,836 1,474,570 Financing liabilities 4,105,590 4,889,382 Accrued expenses 638,319 595,591 Other financial liabilities 340,858 372,129 Income taxes payable 157,410 138,430 Provisions 566,722 578,689 Other current liabilities 904,757 918,723 Total current liabilities 8,323,492 8,967,514 Non-current liabilities: Financing liabilities 6,057,967 6,162,648 Other financial liabilities 316,919 314,803 Retirement benefit liabilities 284,844 304,119 Provisions 385,001 362,558 Deferred tax liabilities 855,067 921,241 Other non-current liabilities 544,988 581,411 Total non-current liabilities 8,444,786 8,646,780 Total liabilities 16,768,278 17,614,294 Equity: Common stock 86,067 86,067 Capital surplus 205,073 204,951 Treasury stock (550,808 ) (562,991 ) Retained earnings 10,644,213

Business

Business Automobile

Business

Business Financial Services

Business

Business Power Products and Other Businesses Segment Total Reconciling Items Consolidated Sales revenue: External customers 756,955 2,992,339 773,029 102,673 4,624,996 4,624,996 Intersegment 39,009 629 6,522 46,160 (46,160 ) Total 756,955 3,031,348 773,658 109,195 4,671,156 (46,160 ) 4,624,996 Segment profit (loss) 143,520 176,982 69,528 4,417 394,447 394,447 Segment assets 1,793,502 10,669,517 12,374,016 504,694 25,341,729 1,131,628 26,473,357 Depreciation and amortization 17,699 163,159 205,004 3,661 389,523 389,523 Capital expenditures 9,727 119,758 553,141 3,143 685,769 685,769 As of and for the three months ended June 30, 2024 Yen (millions) Motorcycle

Business

Business Automobile

Business

Business Financial Services

Business

Business Power Products and Other Businesses Segment Total Reconciling Items Consolidated Sales revenue: External customers 937,687 3,434,612 938,075 94,484 5,404,858 5,404,858 Intersegment 69,914 1,324 10,402 81,640 (81,640 ) Total 937,687 3,504,526 939,399 104,886 5,486,498 (81,640 ) 5,404,858 Segment profit (loss) 177,648 222,840 84,970 (753 ) 484,705 484,705 Segment assets 2,195,414 12,201,278 15,257,512 607,911 30,262,115 1,049,857 31,311,972 Depreciation and amortization 18,293 164,236 218,208 4,218 404,955 404,955 Capital expenditures 12,785 146,761 776,953 2,147 938,646 938,646 Explanatory notes: 1. Intersegment sales revenues are generally made at values that approximate arms-length prices. 2. Reconciling items include elimination of intersegment transactions and balances as well as unallocated corporate assets. Unallocated corporate assets, included in reconciling items as of June 30, 2023 and 2024 amounted to JPY 1,276,238 million and JPY 1,330,698 million, respectively, which consist primarily of the Companys cash and cash equivalents and financial assets measured at fair value through other comprehensive income. [B] Other Loss related to airbag inflators Honda has been conducting market-based measures in relation to airbag inflators. Honda recognizes a provision for specific warranty costs when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. There is a possibility that Honda will need to recognize additional provisions when new evidence related to the product recalls arise, however, it is not possible for Honda to reasonably estimate the amount and timing of potential future losses as of the date of this report. 9

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