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Honda Q3 sales revenue decreased

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Christian Fernsby ▼ | November 8, 2019
Honda Motors
Honda   Operating profit increased

Honda’s consolidated sales revenue for the three months ended September 30, 2019 decreased 2.9%, to JPY 3,729.1 billion from the same period last year, due mainly to decreased sales revenue in Automobile business, Motorcycle business, Life creation and other businesses operations as well as negative foreign currency translation effects, which was partially offset increased sales revenue in Financial services business operations.

Topics: Honda Q3

Operating profit increased 2.6%, to JPY 220.1 billion from the same period last year, due mainly to decreased selling, general and administrative expenses as well as continuing cost reduction, which was partially offset a decrease in profit attributable to decreased sales revenue and model mix.

Profit before income taxes increased 2.3%, to JPY 289.6 billion from the same period last year.

Profit for the period attributable to owners of the parent decreased 6.7%, to JPY 196.5 billion from the same period last year, due mainly to increased income tax expense.

Earnings per share attributable to owners of the parent for the quarter amounted to JPY 111.70, a decrease of JPY 7.96 from the corresponding period last year.

One Honda American Depository Share represents one common share.

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