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Honda Motor Co., Ltd. (HMC:NYSE) announced its consolidated financial results for the fiscal third quarter ended December 31, 2024

1. Honda's Q3 operating profit is 1,139.9 billion Yen. 2. Motorcycle unit sales reached over 15 million globally. 3. Auto unit sales decreased by 297,000, especially in Asia. 4. Revised auto sales forecast down to 3.75 million units. 5. Share buyback target set at 1 trillion 100 billion Yen.

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FAQ

Why Bearish?

Decreased automobile sales, particularly in Asia, may impact HMC's growth prospects, similar to past downturns.

How important is it?

Sales decline in core markets directly impacts HMC's stock performance and investor outlook.

Why Short Term?

Immediate effects will likely occur due to current sales data influencing investor sentiment.

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HMCTMGM
, /PRNewswire/ -- Honda Motor Co., Ltd. today announced its consolidated financial results for the fiscal third quarter ended December 31, 2024. Nine Months Ended December 31, 2024（Apr. – Dec.) Operating Profit 1,139.9 bil. Yen / Operating Margin 7.0% In motorcycle business, Unit Sales achieved over 15 million 508 thousand in nine months mainly due to strong sales in global. In automobile business, Unit Sales decreased by 297 thousand due to a decrease in sales in Asia, mainly China, despite strong sales in North America. Operating cash flows after R&D adjustment 1,945.0 bil. Yen. Financial Forecast for FYE March 31, 2025  Operating Profit 1,420.0 bil. Yen / Profit for the year 950.0 bil. Yen In motorcycle business, Unit Sales revised upward to record sales volume. In automobiles business, Unit Sales revised downward from 3.8 million to 3.75 million, mainly reflecting a decrease in Japan. Operating profit and profit for the year remain unchanged from our previous forecast*.* Previous forecast: announced on November 6 Shareholder Returns  About status of Acquisition of the Company's Own Shares, 184.9 billion yen has been acquired, for the share buyback of 1 trillion 100 billion yen resolved on December 23, 2024 (as of January 31, 2025). We continue to aim for the completion of up to 1 trillion 100 billion yen / 1.1 billion shares in share buyback. Honda's financial results can be accessed from following web site address.https://global.honda/en/investors/library/documents.html SOURCE Honda Motor Co., Ltd. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

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