Honda Motor Files Interim Financials for Sept 30, 2024
Ticker: HNDAF · Form: 6-K · Filed: Nov 15, 2024 · CIK: 715153
| Field | Detail |
|---|---|
| Company | Honda Motor CO LTD (HNDAF) |
| Form Type | 6-K |
| Filed Date | Nov 15, 2024 |
| Risk Level | low |
| Pages | 14 |
| Reading Time | 16 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financials, interim-report
TL;DR
Honda dropped its Q3 financials, check 'em out.
AI Summary
Honda Motor Co., Ltd. filed its consolidated interim financial statements for the period ending September 30, 2024, on November 15, 2024. This 6-K filing provides an update on the company's financial performance.
Why It Matters
This filing provides investors with an update on Honda's financial health and performance for the interim period, crucial for investment decisions.
Risk Assessment
Risk Level: low — This is a routine financial filing and does not contain new or unexpected information that would typically increase risk.
Key Players & Entities
- HONDA MOTOR CO LTD (company) — Registrant
- September 30, 2024 (date) — End of interim financial reporting period
- November 15, 2024 (date) — Filing date
FAQ
What period do the consolidated interim financial statements cover?
The consolidated interim financial statements cover the period ended September 30, 2024.
When was this Form 6-K filed?
This Form 6-K was filed on November 15, 2024.
What is the primary purpose of this filing?
The primary purpose of this filing is to report Honda Motor Co., Ltd.'s consolidated interim financial statements ended September 30, 2024.
Does Honda file annual reports under Form 20-F or 40-F?
Honda Motor Co., Ltd. files its annual reports under cover of Form 20-F.
What is the principal executive office address of Honda Motor Co., Ltd.?
The principal executive offices are located at 1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo 107-8556, Japan.
Filing Stats: 4,104 words · 16 min read · ~14 pages · Grade level 13.9 · Accepted 2024-11-15 06:02:49
Filing Documents
- d850398d6k.htm (6-K) — 451KB
- 0001193125-24-259295.txt ( ) — 452KB
Business
Business Sales revenue from external customers increased by 14.9%, to ¥1,811.8 billion from the same period last year, due mainly to increased revenue from retail loans as well as positive foreign currency translation effects. Operating profit increased by 18.8%, to ¥162.7 billion from the same period last year, due mainly to an increase in profit attributable to increased sales revenue. Power Products and Other Businesses For the six months ended September 30, 2023 and 2024 Units (thousands) Honda Group Unit Sales / Consolidated Unit Sales* Six months ended Sep. 30, 2023 Six months ended Sep. 30, 2024 Change % Power Products Business 1,826 1,653 (173 ) (9.5 ) Japan 132 124 (8 ) (6.1 ) North America 594 482 (112 ) (18.9 ) Europe 356 252 (104 ) (29.2 ) Asia 602 652 50 8.3 Other Regions 142 143 1 0.7 * Honda Group Unit Sales is the total unit sales of completed power products of Honda, its consolidated subsidiaries and its affiliates and joint ventures accounted for using the equity method. Consolidated Unit Sales is the total unit sales of completed power products corresponding to consolidated sales revenue to external customers, which consists of unit sales of completed power products of Honda and its consolidated subsidiaries. In Power products business, there is no discrepancy between Honda Group Unit Sales and Consolidated Unit Sales since no affiliate and joint venture accounted for using the equity method were involved in the sale of Honda power products. Sales revenue from external customers decreased by 5.3%, to ¥187.3 billion from the same period last year, due mainly to decreased consolidated unit sales in Power products business. Operating loss was ¥3.9 billion, a decrease of ¥8.7 billion from the same period last year, due mainly to decreased profit attributable to sales impacts in Power products business. In addition, operating loss of aircraft and a
Business
Business Automobile
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Business Financial Services
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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 Table of Contents 3 HONDA MOTOR CO., LTD. AND SUBSIDIARIES Notes to Condensed Consolidated Interim Financial Statements 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. Segment profit (loss) of each segment is measured in a consistent manner with consolidated operating profit, which is profit before income taxes before share of profit (loss) of investments accounted for using the equity method and finance income and finance costs. Expenses not directly associated with specific segments are allocated based on the most reasonable measures applicable. 2. Segment assets of each segment are defined as total assets including investments accounted for using the equity method, derivatives, and deferred tax assets. Segment assets are based on those directly associated with each segment and those not directly associated with specific segments are allocated based on the most reasonable measures applicable except for the corporate assets described below. 3. Intersegment sales revenues are generally made at values that approximate arms-length prices. 4. 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, 20