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Honda Net Profit Grew 63% Y-O-Y in Q4 2012

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Core Tip: January 31, Honda published the financial date of the fourth quarter in 2012 and the third quarter in financial year (FY) 2012-2013 (from May 1, 2012 to March 31, 2013). In the fourth quarter of 2

January 31, Honda published the financial date of the fourth quarter in 2012 and the third quarter in financial year (FY) 2012-2013 (from May 1, 2012 to March 31, 2013).

In the fourth quarter of 2012, that is Q3 of the FY, Honda’s net profit was 77.4 billion yens (849.9 million dollars). It was much higher than last FY’s 47.7 billion yens in the same period because Thai flood damaged Honda’s supply chain and slashed its sales at that time. However, the net profit of FY’s Q3 was lower compared to the analyst’s expected 111.4 billion yens.

April to December in 2012, that is FY’s first 3 quarters, Honda’s accumulative profit was 3.2 billion dollars. The global sales climbed from 3.09 million in 2011 to 3.81 million in 2012. It predicts that the sales will reach 44 million in 2013, up 15% year on year.  

 
 
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