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Honda Motor consolidated operating profit increased by 16.4%

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Staff writer ▼ | July 31, 2015
Honda Motor announced its consolidated financial results for the fiscal first quarter ended June 30, 2015. Consolidated operating profit was 239.2 billion yen, an increase of 16.4% compared to the same period last year.
Honda Motor
Honda Motor   Profit for the fiscal first quarter was 186 billion yen
This is due to profit-increasing factors including strong sales in North America, positive effects of the all-new HR-V introduction as well as cost reduction efforts. This was despite profit-reducing factors such as an increase in selling, general and administrative (SG&A) expenses that include quality-related expenses.

Consolidated profit before income taxes for the fiscal first quarter amounted to 282.3 billion yen, an increase of 15.9% compared to the same period last year. Profit for the fiscal first quarter attributable to owners of the parent amounted to 186 billion yen, an increase of 19.6% compared to the same period last year.

Consolidated financial forecasts for the fiscal year ending March 31, 2016 remain unchanged from the forecasts announced previously.

The quarterly dividend for the fiscal first quarter will be 22 yen per share, and total cash dividends to be paid for the fiscal year ending March 31, 2016 are expected to be 88 yen per share.

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