Honda Reports 129.3% Surge in Q1 Net Profit to ¥450.9 Billion, Raises Full-Year Outlook

On August 5, Honda Motor Co. released its first-quarter financial results for the fiscal year, reporting revenue of JPY 6.06 trillion, up 13.5% year-over-year; operating profit of JPY 530.767 billion, a 117.4% increase; profit before tax of JPY 605.027 billion, up 107.0%; and net profit of JPY 450.915 billion, surging 129.3% compared to the same period last year. Based on its assessment of market conditions and foreign exchange rate fluctuations, Honda has revised upward its full-year earnings forecast, now expecting annual revenue of JPY 24.15 trillion (up 10.8% year-over-year), operating profit of JPY 650 billion, net profit of JPY 400 billion, and an annual dividend of JPY 70 per share.