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    SEC Form 6-K filed by Honda Motor Company Ltd.

    8/6/25 6:04:35 AM ET
    $HMC
    Auto Manufacturing
    Industrials
    Get the next $HMC alert in real time by email
    6-K 1 d31491d6k.htm FORM 6-K Form 6-K
    Table of Contents

    No.1-7628

     
     

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

    FORM 6-K

    REPORT OF FOREIGN PRIVATE ISSUER

    PURSUANT TO RULE 13a-16 OR 15d-16

    UNDER THE SECURITIES EXCHANGE ACT OF 1934

    FOR THE MONTH OF AUGUST 2025

    COMMISSION FILE NUMBER: 1-07628

    HONDA GIKEN KOGYO KABUSHIKI KAISHA

    (Name of registrant)

    HONDA MOTOR CO., LTD.

    (Translation of registrant’s name into English)

    2-3, Toranomon 2-chome, Minato-ku, Tokyo 105-8404, Japan

    (Address of principal executive offices)

    Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

    Form 20-F ☒  Form 40-F ☐

    Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

    Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

     

     
     


    Table of Contents

    Contents

    Exhibit 1:

    Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first quarter ended June 30, 2025.

    Exhibit 2:

    Notice Concerning Revision of Forecast for Consolidated Financial Results for the Fiscal Year Ending March 31, 2026.


    Table of Contents

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

     

    HONDA GIKEN KOGYO KABUSHIKI KAISHA (HONDA MOTOR CO., LTD.)

    /s/ Koji Ito

    Koji Ito
    General Manager
    Finance Division
    Honda Motor Co., Ltd.

    Date: August 6, 2025


    Table of Contents

    Consolidated Financial Results for the Fiscal First Quarter Ended June 30, 2025 (IFRS)

    August 6, 2025

     

    Company name   

    :  Honda Motor Co., Ltd.

    Listing   

    :  Tokyo Stock Exchange

    Securities code   

    :  7267

    URL   

    :  https://global.honda/en/investors/

    Representative   

    :  Toshihiro Mibe, Director, President and Representative Executive Officer

    Inquiries   

    :  Masao Kawaguchi, Head of Accounting and Finance Unit

       Tel. +81-3-3423-1111

    Scheduled date to commence dividend payments   

    :  —

    Supplemental materials prepared for consolidated financial results   

    :  Yes

    Holdings of financial results meeting   

    :  Yes

    (Amounts are rounded to the nearest million yen)

    1. Consolidated Financial Results for the Three Months Ended June 30, 2025 (from April 1, 2025 to June 30, 2025)

     

    (1) Consolidated operating results (for the three months ended June 30)    (% of change from the same period of the previous fiscal year)

     

        Sales revenue     Operating profit     Profit before
    income taxes
        Profit for the period     Profit for the period
    attributable to
    owners of the parent
        Comprehensive
    income for the
    period
     

    Three months ended

        Yen (millions)       %       Yen (millions)       %       Yen (millions)       %       Yen (millions)       %       Yen (millions)       %       Yen (millions)       %  

    June 30, 2025

        5,340,268       -1.2       244,170       -49.6       292,334       -47.7       214,894       -48.1       196,670       -50.2       -3,836       —  

    June 30, 2024

        5,404,858       16.9       484,705       22.9       559,474       8.7       414,327       8.2       394,660       8.7       947,527       -5.9  

     

     

    Earnings per share attributable

    to owners of the parent

    - Basic

       

    Earnings per share attributable

    to owners of the parent

    - Diluted

    Three months ended

      Yen     Yen

    June 30, 2025

      46.80     46.80

    June 30, 2024

      81.81     81.81

    Explanatory note:

     

     

    Basic and diluted earnings per share are calculated based on the profit for the period attributable to owners of the parent.

    (2) Consolidated financial position

     

    $                                        $                                        $                                        $                                       
         Total assets      Total equity      Equity attributable to owners
    of the parent
         Ratio of equity attributable to
    owners of the parent to
    total assets
     

    As of

         Yen (millions)        Yen (millions)        Yen (millions)        %  

    June 30, 2025

         29,874,550        12,062,800        11,796,836        39.5  

    March 31, 2025

         30,775,867        12,627,822        12,326,529        40.1  

    2. Dividends

     

    $                                    $                                    $                                    $                                    $                                   
         Annual dividends per share  
       First quarter-end      Second quarter-end      Third quarter-end      Fiscal year-end      Total  
         Yen      Yen      Yen      Yen      Yen  

    Fiscal year ended March 31, 2025

         —        34.00        —        34.00        68.00  

    Fiscal year ending March 31, 2026

         —              

    Fiscal year ending March 31, 2026 (forecast)

            35.00        —        35.00        70.00  

    Explanatory note:

     

     

    Revisions to the forecast of dividends most recently announced: None

    3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

    (% of change from the previous fiscal year)

     

         Sales revenue      Operating profit      Profit before
    income taxes
         Profit for the year      Profit for the year
    attributable to owners
    of the parent
         Earnings per share
    attributable to owners
    of the parent
     
         Yen (millions)      %      Yen (millions)      %      Yen (millions)      %      Yen (millions)      %      Yen (millions)      %      Yen  

    Full-year

         21,100,000        -2.7        700,000        -42.3        710,000        -46.1        490,000        -45.7        420,000        -49.8        105.07  

    Explanatory note:

     

     

    Revisions to the forecast of consolidated financial results most recently announced: Yes


    Table of Contents

    *Explanatory notes

    (1) Significant changes in the scope of consolidation during the period: None

     

    Newly included:    - companies    (Company name: -)
    Excluded:    - companies    (Company name: -)

    (2) Changes in accounting policies and changes in accounting estimates

     

    (i)

       Changes in accounting policies required by IFRS      :      None

    (ii)

       Changes in accounting policies due to other reason      :      None

    (iii)

       Changes in accounting estimates      :      None

    (3) Number of issued shares (common shares)

     

      (i)

    Number of issued shares at the end of the period (including treasury stock)

     

    As of June 30, 2025    5,280,000,000 shares   
    As of March 31, 2025    5,280,000,000 shares   

     

      (ii)

    Number of treasury stock at the end of the period

     

    As of June 30, 2025    1,194,621,195 shares   
    As of March 31, 2025    933,490,429 shares   

     

      (iii)

    Average number of shares outstanding during the period

     

    Three months ended June 30, 2025    4,202,222,211 shares   
    Three months ended June 30, 2024    4,823,906,086 shares   

     

    *

    Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None

     

    *

    Proper use of earning forecasts, and other special matters

    This announcement contains “forward-looking statements” as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based on management’s assumptions and beliefs taking into account information currently available to it. Therefore, please be advised that the actual results of the Company could differ materially from those described in these forward-looking statements as a result of numerous factors, including general economic conditions in the principal markets of the Company, its consolidated subsidiaries and its affiliates accounted for by the equity-method, and fluctuation of foreign exchange rates, as well as other factors detailed from time to time.

    Honda’s American Depositary Shares are listed and traded on the New York Stock Exchange. One American Depositary Share represents three common shares.

    This document, Form 6-K (to be submitted to the U.S. Securities and Exchange Commission), is submitted to Tokyo Stock Exchange as English translation of the Japanese original. Therefore, there are some discrepancies between this translated document and the Japanese original.

    For supplemental materials prepared for consolidated financial results and other information, please refer to Honda’s Investor Relations website (URL https://global.honda/en/investors/).


    Table of Contents

    TABLE OF CONTENTS

    Consolidated Financial Results for the Fiscal First Quarter Ended June 30, 2025

     

    1. Overview of Consolidated Financial Results

         2  

    2. Condensed Consolidated Interim Financial Statements and Notes to Condensed Consolidated Interim Financial Statements

         3  

    [1] Condensed Consolidated Statements of Financial Position

         3  

    [2] Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income

         4  

    Condensed Consolidated Statements of Income For the three months ended June 30, 2024 and 2025

         4  

    Condensed Consolidated Statements of Comprehensive Income For the three months ended June 30, 2024 and 2025

         5  

    [3] Condensed Consolidated Statements of Changes in Equity

         6  

    [4] Condensed Consolidated Statements of Cash Flows

         7  

    [5] Assumptions for Going Concern

         8  

    [6] Notes to Condensed Consolidated Interim Financial Statements

         8  

     

    —1—


    Table of Contents

    1. Overview of Consolidated Financial Results

    Consolidated Operating Results

    Honda’s consolidated sales revenue for the three months ended June 30, 2025 decreased by 1.2%, to JPY 5,340.2 billion from the same period last year, due mainly to decreased sales revenue in Financial services business as well as negative foreign currency translation effects, which was partially offset by increased sales revenue in Automobile business. Operating profit decreased by 49.6%, to JPY 244.1 billion from the same period last year, due mainly to tariff impacts as well as negative foreign currency effects, which was partially offset by increased profit attributable to sales impacts. Profit before income taxes decreased by 47.7%, to JPY 292.3 billion from the same period last year. Profit for the period attributable to owners of the parent decreased by 50.2%, to JPY 196.6 billion from the same period last year.

    Consolidated Statements of Financial Position

    Total assets as of June 30, 2025 decreased by JPY 901.3 billion, to JPY 29,874.5 billion from March 31, 2025 due mainly to decreased cash and cash equivalents as well as negative foreign currency translation effects, which was partially offset by an increase in receivables from financial services. Total liabilities decreased by JPY 336.2 billion, to JPY 17,811.7 billion from March 31, 2025 due mainly to a decrease in trade payables as well as negative foreign currency translation effects, which was partially offset by increased financing liabilities. Total equity decreased by JPY 565.0 billion, to JPY 12,062.8 billion from March 31, 2025 due mainly to a decrease attributable to acquisition of the company’s own shares, which was partially offset by increased retained earnings attributable to profit for the period.

     

    —2—


    Table of Contents

    2. Condensed Consolidated Interim Financial Statements and Notes to Condensed Consolidated Interim Financial Statements

    [1] Condensed Consolidated Statements of Financial Position

    March 31, 2025 and June 30, 2025

     

         Yen (millions)  
         Mar. 31, 2025     Jun. 30, 2025  

    Assets

        

    Current assets:

        

    Cash and cash equivalents

         4,528,795       4,013,757  

    Trade receivables

         1,160,847       962,735  

    Receivables from financial services

         2,755,800       2,762,278  

    Other financial assets

         208,478       158,546  

    Inventories

         2,470,590       2,363,292  

    Other current assets

         563,252       564,945  
      

     

     

       

     

     

     

    Total current assets

         11,687,762       10,825,553  
      

     

     

       

     

     

     

    Non-current assets:

        

    Investments accounted for using the equity method

         1,242,614       1,235,477  

    Receivables from financial services

         6,172,817       6,186,579  

    Other financial assets

         873,459       934,453  

    Equipment on operating leases

         5,748,187       5,793,476  

    Property, plant and equipment

         3,209,921       3,159,641  

    Intangible assets

         1,126,019       1,061,236  

    Deferred tax assets

         143,499       144,767  

    Other non-current assets

         571,589       533,368  
      

     

     

       

     

     

     

    Total non-current assets

         19,088,105       19,048,997  
      

     

     

       

     

     

     

    Total assets

         30,775,867       29,874,550  
      

     

     

       

     

     

     

    Liabilities and Equity

        

    Current liabilities:

        

    Trade payables

         1,663,487       1,377,013  

    Financing liabilities

         4,497,747       4,599,531  

    Accrued expenses

         728,935       634,396  

    Other financial liabilities

         276,861       253,293  

    Income taxes payable

         108,562       137,819  

    Provisions

         388,441       450,296  

    Other current liabilities

         951,124       897,506  
      

     

     

       

     

     

     

    Total current liabilities

         8,615,157       8,349,854  
      

     

     

       

     

     

     

    Non-current liabilities:

        

    Financing liabilities

         6,953,520       6,954,976  

    Other financial liabilities

         301,439       318,078  

    Retirement benefit liabilities

         288,472       285,627  

    Provisions

         667,274       633,191  

    Deferred tax liabilities

         718,084       667,935  

    Other non-current liabilities

         604,099       602,089  
      

     

     

       

     

     

     

    Total non-current liabilities

         9,532,888       9,461,896  
      

     

     

       

     

     

     

    Total liabilities

         18,148,045       17,811,750  
      

     

     

       

     

     

     

    Equity:

        

    Common stock

         86,067       86,067  

    Capital surplus

         205,299       204,825  

    Treasury stock

         (1,272,845 )      (1,636,053 ) 

    Retained earnings

         11,122,187       11,151,748  

    Other components of equity

         2,185,821       1,990,249  
      

     

     

       

     

     

     

    Equity attributable to owners of the parent

         12,326,529       11,796,836  

    Non-controlling interests

         301,293       265,964  
      

     

     

       

     

     

     

    Total equity

         12,627,822       12,062,800  
      

     

     

       

     

     

     

    Total liabilities and equity

         30,775,867       29,874,550  
      

     

     

       

     

     

     

     

    —3—


    Table of Contents

    [2] Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income

    Condensed Consolidated Statements of Income

    For the three months ended June 30, 2024 and 2025

     

         Yen (millions)  
         Three months
    ended
    Jun. 30, 2024
        Three months
    ended
    Jun. 30, 2025
     

    Sales revenue

         5,404,858       5,340,268  

    Operating costs and expenses:

        

    Cost of sales

         (4,208,475 )      (4,269,449 ) 

    Selling, general and administrative

         (495,796 )      (533,706 ) 

    Research and development

         (215,882 )      (292,943 ) 
      

     

     

       

     

     

     

    Total operating costs and expenses

         (4,920,153 )      (5,096,098 ) 
      

     

     

       

     

     

     

    Operating profit

         484,705       244,170  
      

     

     

       

     

     

     

    Share of profit (loss) of investments accounted for using the equity method

         1,434       4,213  

    Finance income and finance costs:

        

    Interest income

         50,089       39,901  

    Interest expense

         (12,219 )      (13,905 ) 

    Other, net

         35,465       17,955  
      

     

     

       

     

     

     

    Total finance income and finance costs

         73,335       43,951  
      

     

     

       

     

     

     

    Profit before income taxes

         559,474       292,334  

    Income tax expense

         (145,147 )      (77,440 ) 
      

     

     

       

     

     

     

    Profit for the period

         414,327       214,894  
      

     

     

       

     

     

     

    Profit for the period attributable to:

        

    Owners of the parent

         394,660       196,670  

    Non-controlling interests

         19,667       18,224  
         Yen  

    Earnings per share attributable to owners of the parent

        

    Basic and diluted

         81.81       46.80  

     

    —4—


    Table of Contents

    Condensed Consolidated Statements of Comprehensive Income

    For the three months ended June 30, 2024 and 2025

     

         Yen (millions)  
         Three months
    ended
    Jun. 30, 2024
        Three months
    ended
    Jun. 30, 2025
     

    Profit for the period

         414,327           214,894  

    Other comprehensive income, net of tax:

        

    Items that will not be reclassified to profit or loss

        

    Remeasurements of defined benefit plans

         (5 )      (20,781 ) 

    Net changes in revaluation of financial assets measured at fair value through other comprehensive income

         (5,332 )      731  

    Share of other comprehensive income of investments accounted for using the equity method

         (280 )      (412 ) 

    Items that may be reclassified subsequently to profit or loss

        

    Net changes in revaluation of financial assets measured at fair value through other comprehensive income

         (31 )      42  

    Exchange differences on translating foreign operations

         489,146       (162,421 ) 

    Cash flow hedges

         —       (1,620 ) 

    Share of other comprehensive income of investments accounted for using the equity method

         49,702       (34,269 ) 
      

     

     

       

     

     

     

    Total other comprehensive income, net of tax

         533,200       (218,730 ) 
      

     

     

       

     

     

     

    Comprehensive income for the period

             947,527       (3,836 ) 
      

     

     

       

     

     

     

    Comprehensive income for the period attributable to:

        

    Owners of the parent

         914,903       (18,715 ) 

    Non-controlling interests

         32,624       14,879  

     

    —5—


    Table of Contents

    [3] Condensed Consolidated Statements of Changes in Equity

    For the three months ended June 30, 2024

     

         Yen (millions)  
         Equity attributable to owners of the parent     Non-controlling
    interests
        Total
    equity
     
         Common
    stock
         Capital
    surplus
        Treasury
    stock
        Retained
    earnings
        Other
    components
    of equity
         Total  

    Balance as of April 1, 2024

         86,067        205,073       (550,808 )      10,644,213       2,312,450        12,696,995       308,877       13,005,872  
      

     

     

        

     

     

       

     

     

       

     

     

       

     

     

        

     

     

       

     

     

       

     

     

     

    Comprehensive income for the period

                      

    Profit for the period

                394,660          394,660       19,667       414,327  

    Other comprehensive income, net of tax

                  520,243        520,243       12,957       533,200  
      

     

     

        

     

     

       

     

     

       

     

     

       

     

     

        

     

     

       

     

     

       

     

     

     

    Total comprehensive income for the period

                394,660       520,243        914,903       32,624       947,527  

    Reclassification to retained earnings

                (38 )      38        —         —  

    Transactions with owners and other

                      

    Dividends paid

                (188,418 )         (188,418 )      (54,998 )      (243,416 ) 

    Purchases of treasury stock

              (12,502 )           (12,502 )        (12,502 ) 

    Disposal of treasury stock

              319            319         319  

    Share-based payment transactions

            (122 )             (122 )        (122 ) 
      

     

     

        

     

     

       

     

     

       

     

     

       

     

     

        

     

     

       

     

     

       

     

     

     

    Total transactions with owners and other

            (122 )      (12,183 )      (188,418 )         (200,723 )      (54,998 )      (255,721 ) 
      

     

     

        

     

     

       

     

     

       

     

     

       

     

     

        

     

     

       

     

     

       

     

     

     

    Balance as of June 30, 2024

         86,067        204,951       (562,991 )      10,850,417       2,832,731        13,411,175       286,503       13,697,678  
      

     

     

        

     

     

       

     

     

       

     

     

       

     

     

        

     

     

       

     

     

       

     

     

     

    For the three months ended June 30, 2025

     

         Yen (millions)  
         Equity attributable to owners of the parent     Non-controlling
    interests
        Total
    equity
     
         Common
    stock
         Capital
    surplus
        Treasury
    stock
        Retained
    earnings
        Other
    components
    of equity
        Total  

    Balance as of April 1, 2025

         86,067        205,299       (1,272,845 )      11,122,187       2,185,821       12,326,529       301,293       12,627,822  
      

     

     

        

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Comprehensive income for the period

                     

    Profit for the period

                196,670         196,670       18,224       214,894  

    Other comprehensive income, net of tax

                  (215,385 )      (215,385 )      (3,345 )      (218,730 ) 
      

     

     

        

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Total comprehensive income for the period

                196,670       (215,385 )      (18,715 )      14,879       (3,836 ) 

    Reclassification to retained earnings

                (19,813 )      19,813       —         —  

    Transactions with owners and other

                     

    Dividends paid

                (147,960 )        (147,960 )      (50,208 )      (198,168 ) 

    Purchases of treasury stock

              (363,926 )          (363,926 )        (363,926 ) 

    Disposal of treasury stock

              718           718         718  

    Share-based payment transactions

            (474 )            (474 )        (474 ) 
      

     

     

        

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Total transactions with owners and other

            (474 )      (363,208 )      (147,960 )        (511,642 )      (50,208 )      (561,850 ) 
      

     

     

        

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Other changes

                664         664         664  
      

     

     

        

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Balance as of June 30, 2025

         86,067        204,825       (1,636,053 )      11,151,748       1,990,249       11,796,836       265,964       12,062,800  
      

     

     

        

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

     

    —6—


    Table of Contents

    [4] Condensed Consolidated Statements of Cash Flows

    For the three months ended June 30, 2024 and 2025

     

         Yen (millions)  
         Three months
    ended
    Jun. 30, 2024
        Three months
    ended
    Jun. 30, 2025
     

    Cash flows from operating activities:

        

    Profit before income taxes

         559,474       292,334  

    Depreciation, amortization and impairment losses excluding equipment on operating leases

         187,926       178,612  

    Share of (profit) loss of investments accounted for using the equity method

         (1,434 )      (4,213 ) 

    Finance income and finance costs, net

         (41,502 )      56,404  

    Interest income and interest costs from financial services, net

         (42,969 )      (44,381 ) 

    Changes in assets and liabilities

        

    Trade receivables

         136,517       186,576  

    Inventories

         (108,546 )      77,848  

    Trade payables

         (164,570 )      (223,605 ) 

    Accrued expenses

         (87,424 )      (86,071 ) 

    Provisions and retirement benefit liabilities

         (30,876 )      46,202  

    Receivables from financial services

         (315,249 )      (195,792 ) 

    Equipment on operating leases

         (76,747 )      (171,611 ) 

    Other assets and liabilities

         (75,349 )      (145,670 ) 

    Other, net

         5,589       55,109  

    Dividends received

         51,024       52,170  

    Interest received

         181,054       178,784  

    Interest paid

         (99,206 )      (100,070 ) 

    Income taxes paid, net of refunds

         (158,975 )      (66,967 ) 
      

     

     

       

     

     

     

    Net cash provided by (used in) operating activities

         (81,263 )      85,659  

    Cash flows from investing activities:

        

    Payments for additions to property, plant and equipment

         (138,790 )      (128,180 ) 

    Payments for additions to and internally developed intangible assets

         (68,623 )      (72,214 ) 

    Proceeds from sales of property, plant and equipment and intangible assets

         40       2,656  

    Payments for acquisitions of investments accounted for using the equity method

         (831 )      (44,753 ) 

    Proceeds from sales of investments accounted for using the equity method

         —       1,142  

    Payments for acquisitions of other financial assets

         (50,174 )      (53,100 ) 

    Proceeds from sales and redemptions of other financial assets

         65,778       84,368  
      

     

     

       

     

     

     

    Net cash used in investing activities

         (192,600 )      (210,081 ) 

    Cash flows from financing activities:

        

    Proceeds from short-term financing liabilities

         2,421,185       2,423,967  

    Repayments of short-term financing liabilities

         (2,167,488 )      (2,377,100 ) 

    Proceeds from long-term financing liabilities

         477,816       879,032  

    Repayments of long-term financing liabilities

         (405,841 )      (692,485 ) 

    Dividends paid to owners of the parent

         (188,418 )      (147,960 ) 

    Dividends paid to non-controlling interests

         (23,781 )      (26,575 ) 

    Purchases and sales of treasury stock, net

         (12,183 )      (363,208 ) 

    Repayments of lease liabilities

         (19,342 )      (20,789 ) 
      

     

     

       

     

     

     

    Net cash provided by (used in) financing activities

         81,948       (325,118 ) 

    Effect of exchange rate changes on cash and cash equivalents

         214,613       (65,498 ) 
      

     

     

       

     

     

     

    Net change in cash and cash equivalents

         22,698       (515,038 ) 

    Cash and cash equivalents at beginning of year

         4,954,565       4,528,795  
      

     

     

       

     

     

     

    Cash and cash equivalents at end of period

         4,977,263       4,013,757  
      

     

     

       

     

     

     

     

    —7—


    Table of Contents

    [5] Assumptions for Going Concern

    None

    [6] Notes to Condensed Consolidated Interim Financial Statements

    [A] Segment Information

    Based on Honda’s organizational structure and characteristics of products and services, Honda discloses segment information in four categories: Reportable segments of Motorcycle business, Automobile business and Financial services business, and other segments that are not reportable. The other segments are combined and disclosed in Power products and other businesses. Segment information is based on the components of Honda for which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The accounting policies used for segment information are consistent with the accounting policies used in the Company’s condensed consolidated interim financial statements.

    Principal products and services, and functions of each segment are as follows:

     

    Segment

      

    Principal products and services

      

    Functions

    Motorcycle Business

       Motorcycles, all-terrain vehicles (ATVs), side-by-sides (SxS) and relevant parts   

    Research and development

    Manufacturing

    Sales and related services

    Automobile Business

       Automobiles and relevant parts   

    Research and development

    Manufacturing

    Sales and related services

    Financial Services Business

       Financial services   

    Retail loan and lease related to Honda products

    Others

    Power Products and Other Businesses

       Power products and relevant parts, and others   

    Research and development

    Manufacturing

    Sales and related services

    Others

    Segment information based on products and services

    As of and for the three months ended June 30, 2024

     

         Yen (millions)  
         Motorcycle
    Business
         Automobile
    Business
         Financial
    Services
    Business
         Power Products
    and Other
    Businesses
        Segment
    Total
         Reconciling
    Items
        Consolidated  

    Sales revenue:

                      

    External customers

         937,687        3,434,612        938,075        94,484       5,404,858        —       5,404,858  

    Intersegment

         —        69,914        1,324        10,402       81,640        (81,640 )      —  
      

     

     

        

     

     

        

     

     

        

     

     

       

     

     

        

     

     

       

     

     

     

    Total

         937,687        3,504,526        939,399        104,886       5,486,498        (81,640 )      5,404,858  
      

     

     

        

     

     

        

     

     

        

     

     

       

     

     

        

     

     

       

     

     

     

    Segment profit (loss)

         177,648        222,840        84,970        (753 )      484,705        —       484,705  
      

     

     

        

     

     

        

     

     

        

     

     

       

     

     

        

     

     

       

     

     

     

    Segment assets

         2,195,414        12,201,278        15,257,512        607,911       30,262,115        1,049,857       31,311,972  

    Depreciation and amortization

         18,293        164,236        218,208        4,218       404,955        —       404,955  

    Capital expenditures

         12,785        146,761        776,953        2,147       938,646        —       938,646  

    As of and for the three months ended June 30, 2025

     

         Yen (millions)  
         Motorcycle
    Business
         Automobile
    Business
        Financial
    Services
    Business
         Power Products
    and Other
    Businesses
        Segment
    Total
         Reconciling
    Items
        Consolidated  

    Sales revenue:

                     

    External customers

         951,590        3,474,601       831,621        82,456       5,340,268        —       5,340,268  

    Intersegment

         —        69,311       1,017        10,357       80,685        (80,685 )      —  
      

     

     

        

     

     

       

     

     

        

     

     

       

     

     

        

     

     

       

     

     

     

    Total

         951,590        3,543,912       832,638        92,813       5,420,953        (80,685 )      5,340,268  
      

     

     

        

     

     

       

     

     

        

     

     

       

     

     

        

     

     

       

     

     

     

    Segment profit (loss)

         189,005        (29,625 )      85,009        (219 )      244,170        —       244,170  
      

     

     

        

     

     

       

     

     

        

     

     

       

     

     

        

     

     

       

     

     

     

    Segment assets

         2,287,958        11,432,186       15,631,951        535,413       29,887,508        (12,958 )      29,874,550  

    Depreciation and amortization

         17,468        156,155       224,475        3,944       402,042        —       402,042  

    Capital expenditures

         17,924        121,395       721,093        4,154       864,566        —       864,566  

    Explanatory notes:

     

    1.

    Intersegment sales revenues are generally made at values that approximate arm’s-length prices.

     

    2.

    Reconciling items include elimination of intersegment transactions and balances as well as unallocated corporate assets. Unallocated corporate assets, included in reconciling items as of June 30, 2024 and 2025 amounted to JPY 1,330,698 million and JPY 470,650 million, respectively, which consist primarily of the Company’s cash and cash equivalents and financial assets measured at fair value through other comprehensive income.

     

    —8—


    Table of Contents

    [B] Other

    Loss related to airbag inflators

    Honda has been conducting market-based measures in relation to airbag inflators. Honda recognizes a provision for specific warranty costs when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. There is a possibility that Honda will need to recognize additional provisions when new evidence related to the product recalls arise, however, it is not possible for Honda to reasonably estimate the amount and timing of potential future losses as of the date of this report.

     

    —9—


    Table of Contents

    [Translation]

    August 6, 2025

     

    To:    Shareholders of Honda Motor Co., Ltd.
    From:    Honda Motor Co., Ltd.
       Toshihiro Mibe
       Director, President and Representative Executive Officer
       (Securities Code: 7267 Prime Market, TSE)
    Contact:    Masao Kawaguchi
       Head of Accounting and Finance Unit
       (TEL: +81-3-3423-1111)

    Notice Concerning Revision of Forecast for Consolidated Financial Results

    for the Fiscal Year Ending March 31, 2026

    Honda Motor Co., Ltd. (the “Company”) revised its forecast for consolidated financial results for the fiscal year ending March 31, 2026, which was announced on May 13, 2025.

    Particulars

    Revision of Forecast for Consolidated Financial Results for the Fiscal Year Ending March 31, 2026

     

         Sales revenue
    (Million Yen)
         Operating profit
    (Million Yen)
         Profit before
    income taxes

    (Million Yen)
         Profit for the
    year

    (Million Yen)
         Profit for the
    year
    attributable to
    owners of the
    parent

    (Million Yen)
         Basic earnings
    per share
    attributable to
    owners of the
    parent

    (Yen)
     

    Forecast previously announced (A)

         20,300,000        500,000        490,000        325,000        250,000        62.84  

    Forecast revision as of August 6, 2025 (B)

         21,100,000        700,000        710,000        490,000        420,000        105.07  

    Change (B-A)

         800,000        200,000        220,000        165,000        170,000     

    Percentage change (%)

         3.9        40.0        44.9        50.8        68.0     

    (Reference)

                     

    Results of the fiscal year ended March 31, 2025

         21,688,767        1,213,486        1,317,640        903,034        835,837        178.93  


    Table of Contents

    Reason for Revision of Forecast for Consolidated Financial Results for the Fiscal Year Ending March 31, 2026 which was announced on May 13, 2025

    As a result of analyzing the impact of tariffs and reassessing our foreign exchange assumptions in light of the latest conditions, the Company upwardly revises its forecast for operating profit, profit before income taxes, profit for the year, and profit for the year attributable to owners of the parent for the fiscal year ending March 31, 2026, which was announced on May 13, 2025.

     

    *

    Basic earnings per share attributable to owners of the parent is calculated based on profit for the year attributable to owners of the parent.

     

    *

    The forecast for consolidated financial results of the Company is based on management’s assumptions and beliefs taking into account information currently available to it. Therefore, please be advised that the actual results of the Company could differ materially from those described in these forward-looking statements as a result of numerous factors, including general economic conditions in the principal markets of the Company, its consolidated subsidiaries and its affiliates accounted for using the equity method, and fluctuation of foreign exchange rates, as well as other factors detailed from time to time.

     

    *

    For more details, please refer to the Company’s investor relations website (URL https://global.honda/en/investors/).

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    Honda Motor Co., Ltd. (HMC:NYSE) announced its Consolidated Financial Summary for the Fiscal Year Ended March 31, 2023 and Forecasts for the Fiscal Year Ending March 31, 2024

    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

    5/11/23 9:17:00 AM ET
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