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Honda Motor Q3 sales revenue 3,747.5 billion yen

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Christian Fernsby ▼ | February 7, 2020
Honda Motor announced its consolidated financial results for the fiscal third quarter ended December 31, 2019.
Honda Motor
Honda Motor   This was despite an increase in sales revenue from financial services business
Consolidated sales revenue for the fiscal third quarter (October 1, 2019 through December 31, 2019) amounted to 3,747.5 billion yen, a decrease of 5.7% compared to the same period last year, due primarily to a decrease in sales revenue from automobile business as well as negative foreign currency translation effects.

Topics: Honda Motor

This was despite an increase in sales revenue from financial services business and other factors.

Consolidated operating profit for the fiscal third quarter amounted to 166.6 billion yen, a decrease of 2.1% compared to the same period last year, due primarily to a decrease in profit related to changes in sales revenue and model mix as well as negative currency effects.

This was despite a decrease in selling, general and administrative (SG&A) expenses as well as continuing cost reduction.

Consolidated profit before income taxes for the fiscal third quarter amounted to 206.7 billion yen, a decrease of 8.9% compared to the same period last year.

Consolidated profit for the fiscal third quarter attributable to owners of the parent amounted to 116.4 billion yen, a decrease of 30.8% compared to the same period last year.


 

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