'Honda to cut China production capacity for gas cars by 30%' - Nikkei
$HMC
Auto Manufacturing
Consumer Discretionary
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/7/2023 | Equal-Weight → Overweight | Morgan Stanley | |
| 7/6/2023 | Neutral → Sell | UBS | |
| 6/20/2023 | Buy → Neutral | Nomura | |
| 2/28/2023 | Neutral → Overweight | JP Morgan | |
| 10/5/2021 | Overweight → Neutral | JP Morgan |
TOKYO, Nov. 6, 2024 /PRNewswire/ -- Honda Motor Co., Ltd. today announced its consolidated financial results for the fiscal first half year ended September 30, 2024. Six Months Ended September 30, 2024 (Apr. – Sep.) Total Profit: Operating Profit 742.6 bil. yen / Operating Margin 6.9%In automobile business operations, consolidated unit sales increased by 64 thousand units mainly due to strong sales of ICE / HEV models and start of full-scale EV sales in North America from the same period of the previous year. Group unit sales decreased by 155 thousand units mainly due to the decrease in sales in China.In motorcycle business operations, global sales remained strong, achieving a total of 10 m
TOKYO, Aug. 7, 2024 /PRNewswire/ -- Honda Motor Co., Ltd. today announced its consolidated financial results for the fiscal first quarter ended June 30, 2024. Q1 Ended June 30, 2024 Financial Results In motorcycle business operations, global sales volume increased, mainly in India and Brazil.Automobile business operations were robust as well. In addition to strong sales of hybrid models, the positive effect of pricing commensurate with improvement in product value led to increased profits in each of these business areas compared to the same period last year.Total Profit: Operating Profit 484.7 billion yen / Operating Margin 9.0%FYE March 31, 2025 Financial Forecast We have revised auto sale
TOKYO, June 20, 2024 /PRNewswire/ -- Honda Motor Co., Ltd. (HMC; NYSE) has filed with the Securities and Exchange Commission its annual report on Form 20-F for the fiscal year ended March 31, 2024. Honda's annual report on Form 20-F can be accessed from following web site addresses: https://www.sec.gov/ix?doc=/Archives/edgar/data/0000715153/000119312524163995/d767050d20f.htm https://global.honda/en/investors/library/form20_f.html View original content:https://www.prnewswire.com/news-releases/honda-motor-co-ltd-files-annual-report-on-form-20-f-for-fiscal-year-ended-march-31-2024-302177986.html SOURCE Honda Motor Co., Ltd.
Morgan Stanley upgraded Honda Motor from Equal-Weight to Overweight
UBS downgraded Honda Motor from Neutral to Sell
Nomura downgraded Honda Motor from Buy to Neutral
SC 13G/A - HONDA MOTOR CO LTD (0000715153) (Subject)
SC 13G/A - HONDA MOTOR CO LTD (0000715153) (Subject)
SC 13G/A - HONDA MOTOR CO LTD (0000715153) (Subject)
6-K - HONDA MOTOR CO LTD (0000715153) (Filer)
6-K - HONDA MOTOR CO LTD (0000715153) (Filer)
6-K - HONDA MOTOR CO LTD (0000715153) (Filer)
Honda Motor Co. (NYSE:HMC) will reduce its production of gasoline vehicles in China by 19% starting this October, marking a strategic shift toward electric vehicles. The Japanese automaker will cease operations of one production line at its joint venture Dongfeng Honda, which has an annual capacity of 240,000 units, beginning in November. Additionally, in October, GAC Honda, another of its facilities with a capacity of 50,000 units annually, will be completely shut down. These changes are part of Honda's effort to accelerate the “steady shift” to EVs, reported Bloomberg. Honda’s production capacity in China, currently around 1.5 million units, will see a reduction of 19% due to
https://asia.nikkei.com/Business/Automobiles/Honda-to-cut-China-production-capacity-for-gas-cars-by-30
Honda Motor Co (NYSE:HMC) has announced the selling price for the secondary offering of its common stock, which was approved at the Executive Council meeting held on July 4, 2024. The shares for secondary sale are priced at 1,664.5 yen each, representing a 3% discount to Wednesday’s closing price. The total value of the deal is estimated at 497 billion yen ($3.16 billion), the automaker disclosed. Insurers and financial firms aim to sell as many as 300 million Honda shares, Reuters repored. The amount includes an overallotment option depending on demand, the report added. Those selling shares include insurers and financial firms such as Tokyo Marine Holdings Inc. (OTC:TKOMY), Som
TOKYO, Nov. 6, 2024 /PRNewswire/ -- Honda Motor Co., Ltd. today announced its consolidated financial results for the fiscal first half year ended September 30, 2024. Six Months Ended September 30, 2024 (Apr. – Sep.) Total Profit: Operating Profit 742.6 bil. yen / Operating Margin 6.9%In automobile business operations, consolidated unit sales increased by 64 thousand units mainly due to strong sales of ICE / HEV models and start of full-scale EV sales in North America from the same period of the previous year. Group unit sales decreased by 155 thousand units mainly due to the decrease in sales in China.In motorcycle business operations, global sales remained strong, achieving a total of 10 m
TOKYO, May 11, 2023 /PRNewswire/ -- Fiscal Year Results Honda's consolidated sales revenue for the fiscal year ended March 31, 2023 increased by 16.2%, to JPY 16,907.7 billion from the fiscal year ended March 31, 2022, due mainly to increased sales revenue in Motorcycle business as well as positive foreign currency translation effects. Operating profit decreased by 3.7%, to JPY 839.3 billion from the previous fiscal year, due mainly to decreased profit attributable to sales impacts and increased expenses including product warranty expenses, which was partially offset by positive foreign currency effects. Profit before income taxes decreased by 12.3%, to JPY 938.1 billion from the previous fi
TOKYO, Feb. 10, 2023 /PRNewswire/ -- Despite some unfavorable factors such as 1) a decrease in automobile production and unit sales due to the semiconductor supply shortage and the impact of COVID-19 in China, and 2) an increase in production costs due to an increase in the cost of raw materials and the impact of inflation, consolidated operating profit for the fiscal nine months amounted to 733.9 billion yen, a year-on-year increase by 62.2 billion yen. This was due primarily to pricing that reflects increased product value, an increase in motorcycle unit sales and favorable currency effects.Consolidated profit for the fiscal nine months attributable to owners of the parent amounted to 583.