HONDA MOTOR, Oct-Dec (3Q) Net Income Increases by 23%

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Thu Feb 13, 2025 3:30 pm JST Earnings

7267 HONDA MOTOR CO., LTD. 【IFRS】

Earnings Report

HONDA MOTOR CO., LTD. <7267> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 13th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 7.4% from the same period last year to 805 billion yen. However, the progress rate toward the full-year plan of 950 billion yen was 84.8%, almost the same as the five-year average of 84.9%.

Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to drop 39.1% from the same period last year to 144 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 22.6% from the same period last year, reaching 310 billion yen. The operating profit margin remained almost flat, changing from 7.0% in the same period last year to 7.2%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	12,523,490	733,943	859,377	583,169	114.1	97.7	Feb 10, 2023	IFRS
Apr - Dec, 2023	14,999,492	1,076,385	1,264,524	869,609	176.8	77.0	Feb 8, 2024	IFRS
Apr - Dec, 2024	16,328,725	1,139,920	1,225,559	805,263	169.7	83.7	Feb 13, 2025	IFRS
YoY	+8.9%	+5.9%	-3.1%	-7.4%	-4.0%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	10,202,387	677,392	693,047	455,317	103.2	34	Nov 6, 2024	IFRS
Oct - Mar, 2024 New	10,802,387	677,392	723,047	455,317	103.2	34	Feb 13, 2025	IFRS
Revision Rate	+5.9%	0.0%	+4.3%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	21,000,000	1,420,000	1,435,000	950,000	215.3	68	Nov 6, 2024	IFRS
Mar, 2025 New	21,600,000	1,420,000	1,465,000	950,000	215.3	68	Feb 13, 2025	IFRS
Revision Rate	+2.9%	0.0%	+2.1%	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	10,819,410	685,404	763,099	490,873	100.2	39	May 10, 2024	IFRS
Oct - Mar, 2024 Guidance	10,802,387	677,392	723,047	455,317	103.2	34	Feb 13, 2025	IFRS
YoY	-0.2%	-1.2%	-5.2%	-7.2%	+3.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	16,907,725	780,769	879,565	651,416	128.0	40	May 11, 2023	IFRS
Mar, 2024	20,428,802	1,381,977	1,642,384	1,107,174	225.9	68	May 10, 2024	IFRS
Mar, 2025 Guidance	21,600,000	1,420,000	1,465,000	950,000	215.3	68	Feb 13, 2025	IFRS
YoY	+5.7%	+2.8%	-10.8%	-14.2%	-4.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	5,390,100	379,812	385,239	253,308	51.5	7.0	Feb 8, 2024	IFRS
Jan - Mar, 2024	5,429,310	305,592	377,860	237,565	48.5	5.6	May 10, 2024	IFRS
Apr - Jun, 2024	5,404,858	484,705	559,474	394,660	81.8	9.0	Aug 7, 2024	IFRS
Jul - Sep, 2024	5,392,755	257,903	182,479	100,023	20.9	4.8	Nov 6, 2024	IFRS
Oct - Dec, 2024	5,531,112	397,312	483,606	310,580	65.5	7.2	Feb 13, 2025	IFRS
YoY	+2.6%	+4.6%	+25.5%	+22.6%	+27.1%