Honda Motor Co., Ltd. Reports Q3 Financial Results

TL;DR

Honda dropped its Q3 results on 2/13 - check the 6-K for the deets.

AI Summary

Honda Motor Co., Ltd. filed a Form 6-K on February 13, 2025, reporting its consolidated financial results for the nine-month period ending in February 2025. The filing is for the month of February 2025 and is submitted under the 1934 Securities Exchange Act.

Why It Matters

This filing provides investors with an update on Honda's financial performance, crucial for understanding the company's current health and future prospects in the automotive sector.

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
• 0001193125-25-025577 (filing_id) — Accession Number
• February 13, 2025 (date) — Filing Date
• 1-07628 (company_id) — SEC File Number

FAQ

Filing Documents

• d913671d6k.htm (6-K) — 308KB
• g913671g0213125230329.jpg (GRAPHIC) — 3KB
• g913671g0213125230555.jpg (GRAPHIC) — 3KB
• g913671g0213125230695.jpg (GRAPHIC) — 4KB
• 0001193125-25-025577.txt ( ) — 322KB

Financial Statements

Financial Statements [1] Condensed Consolidated Statements of Financial Position March 31, 2024 and December 31, 2024 Yen (millions) Mar. 31, 2024 Dec. 31, 2024 Assets Current assets: Cash and cash equivalents 4,954,565 4,961,025 Trade receivables 1,240,090 1,026,082 Receivables from financial services 2,558,594 2,846,121 Other financial assets 229,583 263,514 Inventories 2,442,969 2,507,597 Other current assets 446,763 600,220 Total current assets 11,872,564 12,204,559 Non-current assets: Investments accounted for using the equity method 1,206,968 1,193,113 Receivables from financial services 5,616,676 6,342,851 Other financial assets 968,142 934,005 Equipment on operating leases 5,202,768 5,776,949 Property, plant and equipment 3,234,413 3,195,253 Intangible assets 999,689 1,061,597 Deferred tax assets 170,856 146,270 Other non-current assets 502,074 519,553 Total non-current assets 17,901,586 19,169,591 Total assets 29,774,150 31,374,150 Liabilities and Equity Current liabilities: Trade payables 1,609,836 1,431,635 Financing liabilities 4,105,590 4,793,588 Accrued expenses 638,319 603,901 Other financial liabilities 340,858 346,367 Income taxes payable 157,410 86,590 Provisions 566,722 617,783 Other current liabilities 904,757 935,581 Total current liabilities 8,323,492 8,815,445 Non-current liabilities: Financing liabilities 6,057,967 6,765,254 Other financial liabilities 316,919 305,033 Retirement benefit liabilities 284,844 302,026 Provisions 385,001 348,267 Deferred tax liabilities 855,067 873,806 Other non-current liabilities 544,988 593,202 Total non-current liabilities 8,444,786 9,187,588 Total liabilities 16,768,278 18,003,033 Equity: Common stock 86,067 86,067 Capital surplus 205,073 205,324 Treasury stock (550,808 ) (842,731 ) 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 2,358,037 9,972,438 2,386,150 282,867 14,999,492 14,999,492 Intersegment 148,090 1,940 23,664 173,694 (173,694 ) Total 2,358,037 10,120,528 2,388,090 306,531 15,173,186 (173,694 ) 14,999,492 Segment profit (loss) 411,510 460,522 204,842 (489 ) 1,076,385 1,076,385 Segment assets 1,798,445 11,031,112 12,921,061 525,382 26,276,000 1,153,756 27,429,756 Depreciation and amortization 53,114 490,106 625,466 12,539 1,181,225 1,181,225 Capital expenditures 43,035 372,250 1,737,710 8,847 2,161,842 2,161,842 As of and for the nine months ended December 31, 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 2,706,994 10,684,534 2,659,673 277,524 16,328,725 16,328,725 Intersegment 214,088 3,509 23,789 241,386 (241,386 ) Total 2,706,994 10,898,622 2,663,182 301,313 16,570,111 (241,386 ) 16,328,725 Segment profit (loss) 501,683 402,617 244,996 (9,376 ) 1,139,920 1,139,920 Segment assets 2,160,559 12,138,809 15,683,077 586,235 30,568,680 805,470 31,374,150 Depreciation and amortization 54,190 475,975 651,615 12,218 1,193,998 1,193,998 Capital expenditures 52,503 502,082 2,358,941 8,796 2,922,322 2,922,322 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 December 31, 2023 and 2024 amounted to JPY 1,410,833 million and JPY 1,095,540 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 Table of Contents February 13 th , 2025 Ho

View Full Filing

View this 6-K filing on SEC EDGAR