Honda Motor Reports H1 FY25 Financial Results

TL;DR

Honda Motor dropped its H1 FY25 results on 11/6. Check the 6-K for details.

AI Summary

Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first half year ending September 30, 2024. The filing, submitted on November 6, 2024, is a Form 6-K report for the month of November 2024.

Why It Matters

This filing provides investors with an update on Honda's financial performance for the first half of their fiscal year, offering insights into the company's revenue and profitability trends.

Risk Assessment

Risk Level: low — This is a routine financial results filing and does not contain any new or unusual risk factors.

Key Players & Entities

• HONDA MOTOR CO LTD (company) — Filer of the report
• September 30, 2024 (date) — End of fiscal first half year
• November 6, 2024 (date) — Filing date

FAQ

Filing Documents

• d847294d6k.htm (6-K) — 323KB
• 0001193125-24-251692.txt ( ) — 324KB

Financial Statements

Financial Statements 2 [1] Condensed Consolidated Statements of Financial Position 2 [2] Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income 3 Condensed Consolidated Statements of Income For the six months ended September 30, 2023 and 2024 3 Condensed Consolidated Statements of Comprehensive Income For the six months ended September 30, 2023 and 2024 4 [3] Condensed Consolidated Statements of Changes in Equity 5 [4] Condensed Consolidated Statements of Cash Flows 6 [5] Assumptions for Going Concern 7 [6] Notes to Condensed Consolidated Interim Financial Statements 7 1 Table of Contents Condensed Consolidated Interim Financial Statements and Notes to Condensed Consolidated Interim Financial [1] Condensed Consolidated Statements of Financial Position March 31, 2024 and September 30, 2024 Yen (millions) Mar. 31, 2024 Sep. 30, 2024 Assets Current assets: Cash and cash equivalents 4,954,565 4,622,289 Trade receivables 1,240,090 973,934 Receivables from financial services 2,558,594 2,556,602 Other financial assets 229,583 345,217 Inventories 2,442,969 2,466,403 Other current assets 446,763 553,699 Total current assets 11,872,564 11,518,144 Non-current assets: Investments accounted for using the equity method 1,206,968 1,193,010 Receivables from financial services 5,616,676 5,739,232 Other financial assets 968,142 926,554 Equipment on operating leases 5,202,768 5,201,844 Property, plant and equipment 3,234,413 3,058,780 Intangible assets 999,689 1,008,884 Deferred tax assets 170,856 139,278 Other non-current assets 502,074 488,153 Total non-current assets 17,901,586 17,755,735 Total assets 29,774,150 29,273,879 Liabilities and Equity Current liabilities: Trade payables 1,609,836 1,410,382 Financing liabilities 4,105,590 4,227,562 Accrued expenses 638,319 581,151 O

Business

Business Automobile

Business

Business Financial Services

Business

Business Power Products and Other Businesses Segment Total Reconciling Items Consolidated Sales revenue: External customers 1,572,558 6,262,289 1,576,608 197,937 9,609,392 9,609,392 Intersegment 84,816 1,256 16,387 102,459 (102,459 ) Total 1,572,558 6,347,105 1,577,864 214,324 9,711,851 (102,459 ) 9,609,392 Segment profit (loss) 253,384 301,380 137,002 4,807 696,573 696,573 Segment assets 1,803,540 10,962,398 12,977,324 511,240 26,254,502 1,422,101 27,676,603 Depreciation and amortization 34,486 328,359 415,578 8,592 787,015 787,015 Capital expenditures 26,781 233,741 1,115,856 6,036 1,382,414 1,382,414 As of and for the six months ended September 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 1,810,786 6,987,551 1,811,879 187,397 10,797,613 10,797,613 Intersegment 142,974 2,639 15,846 161,459 (161,459 ) Total 1,810,786 7,130,525 1,814,518 203,243 10,959,072 (161,459 ) 10,797,613 Segment profit (loss) 325,852 258,037 162,707 (3,988 ) 742,608 742,608 Segment assets 2,027,742 11,357,893 14,236,061 540,716 28,162,412 1,111,467 29,273,879 Depreciation and amortization 35,855 319,282 431,182 8,030 794,349 794,349 Capital expenditures 28,702 295,368 1,571,614 5,161 1,900,845 1,900,845 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 September 30, 2023 and 2024 amounted to JPY 1,605,913 million and JPY 1,399,039 million, respectively, which consist primarily of the Companys cash and cash equivalents and financial assets measured at fair value through other comprehensive income. 8 Table of Contents [B] Subsequent Event Acquisition of the Companys Own Shares The Board of Directors of the Company, at its meeting held on November 6, 2024, resolved that the Company will acquire its own shares pursuant to Article 459, Paragraph 1 of the Company Law and Article 36 of the Companys Articles of Incorporation. 1. Reason for acquisition of own shares The Company will acquire its own shares for the purpose, among others, of improving efficiency of its capital structure and implementing a flexible capital strategy. 2. Details of the acquisition (1) Class of shares to be acquired: Shares of common stock (2) Total number of shares to be acquired: Up to 70,000,000 sh

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View this 6-K filing on SEC EDGAR