Honda Motor Co., Ltd. · TSE:7267
Honda Motor — Q3 2025 Earnings Presentation
31 slides from Honda Motor's earnings presentation, Feb 13, 2025
Slide 1: Fiscal Third Quarter Ended December 31, 2024 Financial Results
Fiscal Third Quarter Ended December 31, 2024 Financial Results February 13, 2025 1
Slide 2: Summary
Summary Nine Months Ended ⚫ Operating Profit 1,139.9 bil. yen ・ Operating Margin 7.0% December 31, 2024 -Motorcycles: Achieved over 15 million 508 thousand unit sales in nine months （Apr. – Dec.） - mainly due to strong sales in global. -Automobiles: Decreased by 297 thousand unit sales due to a decr
Slide 3: Main Market (Motorcycle and Automobile Business)
Main Market (Motorcycle and Automobile Business) Motorcycle Business Automobile Business QTD YTD QTD YTD Wholesale Retail （Oct. - Dec.） （Apr. - Dec.） (Oct. - Dec.) （Apr. - Dec.） Unit vs. FYE March Unit vs. FYE March Unit vs. FYE March Unit vs. FYE March Main Countries Main Countries （thousand） 31, 2
Slide 4: Nine Months Ended December 31, 2024 Income Statements
Nine Months Ended December 31, 2024 Nine Months Ended December 31 Income Statements Yen (billion) 2023 2024 Amount Change Sales revenue 14,999.4 16,328.7 + 1,329.2 + 8.9% Operating profit 1,076.3 1,139.9 + 63.5 + 5.9% Operating margin 7.2% 7.0% - 0.2 pt Share of profit (loss) of investments accounte
Slide 5: Financial Forecast for FYE March 31, 2025
Financial Forecast for FYE March 31, 2025 FYE March 31 Change from Income Statements Amount Change 2024 Results 2025 Forecast previous forecast Yen (billion) Sales revenue 20,428.8 21,600.0 + 1,171.1 + 5.7% + 600.0 Operating profit 1,381.9 1,420.0 + 38.0 + 2.8% - Operating margin 6.8% 6.6% - 0.2pt -
Slide 6: Dividends and Status of Acquisition of the Company's Own Shares
Dividends and Status of Acquisition of the Company’s Own Shares <Dividends> FYE March 31, 2025 Change from Dividend per Share (Yen) Previous Forecast previous forecast Interim Dividend 34 34 - Year-end Dividend (34) * (34) - Fiscal Year (68) (68) - *（ ) : Forecast <Status of Acquisition of the Compa
Slide 7: Fiscal Third Quarter 2024 Financial Results
Fiscal Third Quarter Ended December 31, 2024 Financial Results 7
Slide 8: Nine Months Ended December 31, 2024: Honda Unit Sales
Nine Months Ended December 31, 2024: Honda Unit Sales Unit (thousand) Motorcycles Automobiles Power Products Nine Months Ended December 31 Nine Months Ended December 31 Nine Months Ended December 31 Honda Group Unit Sales 2023 2024 Change 2023 2024 Change 2023 2024 Change Japan 181 158 - 23 428 461
Slide 9: Nine Months Ended December 31, 2024 Income Statements
Nine Months Ended December 31, 2024 Nine Months Ended December 31 Income Statements Yen (billion) 2023 2024 Amount Change Sales revenue 14,999.4 16,328.7 + 1,329.2 + 8.9% Operating profit 1,076.3 1,139.9 + 63.5 + 5.9% Operating margin 7.2% 7.0% - 0.2 pt Share of profit (loss) of investments accounte
Slide 10: Nine Months: Change in Profit before Income Taxes
Nine Months Ended December 31, 2024: Change in Profit before Income Taxes Yen (billion) Profit before Income Taxes - 38.9 ( - 3.1 ％ ) Operating Profit + 63.5 ( + 5.9 ％ ) + 376.0 - 54.3 - 97.5 Expenses*2 - 56.3 - 94.5 1,264.5 - 104.3 R&D - 7.9 1,225.5 Currency effects*3 Profit (Loss) of Other Sales i
Slide 11: Sales Revenue/Operating Profit (Margin) by Business Segment
Nine Months Ended December 31, 2024: Sales Revenue/Operating Profit (Margin) by Business Segment upper: Nine Months Ended December 31, 2024 Motorcycle Automobile Financial Services Power Products and lower: Nine Months Ended Business Business Business Other Businesses December 31, 2023 Unit (thousan
Slide 12: Cash Flows of Non-Financial Services Businesses
Cash Flows of Non-Financial Services Businesses Yen (billion) Nine Months Ended December 31 2023 2024 Cash flows from operating activities + 1,429.6 + 1,329.1 Cash flows from investing activities - 503.0 - 635.4 Free cash flow + 926.5 + 693.7 Cash flows from financing activities - 540.4 - 752.9 Effe
Slide 13: Fiscal Year Ending March 31, 2025 Financial Forecast
Fiscal Year Ending March 31, 2025 Financial Forecast 13
Slide 14: Forecast for FYE March 31, 2025: Honda Unit Sales
Forecast for FYE March 31, 2025: Honda Unit Sales Unit (thousand) Motorcycles Automobiles Power Products Honda Group FYE March 31, 2025 FYE March 31, 2025 FYE March 31, 2025 Unit Sales Change Change Change Previous Revised Previous Revised Previous Revised Japan 200 225 + 25 680 640 - 40 255 255 - N
Slide 15: Financial Forecast for FYE March 31, 2025
Financial Forecast for FYE March 31, 2025 FYE March 31 Change from Income Statements Amount Change 2024 Results 2025 Forecast previous forecast Yen (billion) Sales revenue 20,428.8 21,600.0 + 1,171.1 + 5.7% + 600.0 Operating profit 1,381.9 1,420.0 + 38.0 + 2.8% - Operating margin 6.8% 6.6% - 0.2pt -
Slide 16: Forecast: Changes in Profit before Income Taxes
Forecast for FYE March 31, 2025: Changes in Profit before Income Taxes Yen (billion) Profit before Income Taxes - 177.3 ( - 10.8 ％ ) Operating Profit + 38.0 ( + 2.8 ％ ) + 535.0 - 73.5 - 125.0 - 100.5 1,642.3 - 198.0 Expenses*2 R&D - 165.8 Currency effects*3 - 49.5 1,465.0 Profit (Loss) of Sales impa
Slide 17: Forecast: Changes in Profit before Income Taxes (vs. Previous)
Forecast for FYE March 31, 2025: Changes in Profit before Income Taxes Yen (billion) Profit before Income Taxes + 30.0 ( + 2.1 ％ ) Operating Profit ±0 ( ± 0.0 ％ ) 1,435.0 - 27.5 - 15.0 - 5.0 - + 47.5 - + 30.0 1,465.0 Sales impacts*1 Profit (Loss) of Other Price/Cost Expenses*2 Currency R&D Equity me
Slide 18: Forecast: Capital Expenditures/Depreciation/R&D
Forecast for FYE March 31, 2025: Capital Expenditures/Depreciation/R&D FYE March 31, 2024 FYE March 31, 2025 Change from Change Results Forecast previous forecast Yen (billion) Capital expenditures*1 387.9 600.0 + 212.0 - 70.0 Depreciation and amortization*1 486.0 440.0 - 46.0 - 10.0 Research and de
Slide 19: Caution with Respect to Forward-Looking Statements
Caution with Respect to Forward-Looking Statements: This presentation contains forward-looking statements about the performance and shareholders return of Honda, which are based on management’s assumptions and beliefs taking into account information currently available to it. Therefore, please be ad
Slide 20: HONDA | How we move you.
HONDA | Howwe move you. The Power of Dreams CREATE » TRANSCEND, AUGMENT
Slide 21: Appendix
HONDA Appendix
Slide 22: Three Months Ended December 31, 2024: Change in Profit before Income Taxes
Three Months Ended December 31, 2024: Change in Profit before Income Taxes Yen (billion） Profit before Income Taxes + 98.3 ( + 25.5 ％) Operating Profit + 17.5 ( + 4.6 ％ ) + 51.1 - 17.5 + 87.9 483.6 - 47.2 + 107.4 - 7.0 385.2 - 76.3 Expenses*2 R&D Currency Profit (Loss) of Other effects*3 Equity meth
Slide 23: Sales Revenue/Operating Profit (Margin) by Business Segment
Three Months Ended December 31, 2024 : Sales Revenue/Operating Profit (Margin) by Business Segment upper: Nine Months Ended December 31, 2024 Motorcycle Automobile Financial Services Power Products and lower: Nine Months Ended Business Business Business Other Businesses December 31, 2023 Unit (thous
Slide 24: Change in Sales Revenue
Change in Sales Revenue (sales revenue from external customers） Compared with three months ended December 31, 2023: ＋ 141.0 billion yen / ＋ 2.6 % Three Months (Excluding currency translation effects: ＋74.8 billion yen / + 1.4 %) Change Sales Revenue Yen (billion) FYE March 31, 2024 FYE March 31, 202
Slide 25: Changes in Operating Profit in Motorcycle/Automobile Business
Nine Months Ended December 31, 2024: Changes in Operating Profit in Motorcycle Business/Automobile Business Motorcycle Business Operating Profit + 90.1 ( + 21.9 ％ ) Yen (billion) + 133.4 - 15.4 - 16.9 - 57.1 Expenses*2 501.6 411.5 + 46.1 R&D Currency Price/Cost effects Sales impacts*1 impacts *1 Sal
Slide 26: Sales Revenue/Operating Profit by Geographical Segment
Fiscal Third Quarter Ended December 31, 2024: Sales Revenue/Operating Profit by Geographical Segment Yen (billion) Japan North America Europe Asia Other Regions Three Months 2023 2024 2023 2024 2023 2024 2023 2024 2023 2024 Sales Revenue 1,590.3 1,463.1 3,184.0 3,366.3 211.5 180.2 1,373.6 1,273.7 27
Slide 27: Capital Expenditures/Depreciation/R&D
Fiscal Third Quarter Ended December 31, 2024: Capital Expenditures/Depreciation/R&D Three Months Ended December 31 Nine Months Ended December 31 2023 2024 2023 2024 Change Change Results Results Results Results Yen (billion) Capital expenditures 85.1 142.9 + 57.8 220.3 320.8 + 100.4 Depreciation and
Slide 28: Consolidated Statements of Financial Position
Nine Months Ended December 31, 2024: Consolidated Statements of Financial Position Divided into Non-financial Services Businesses and Finance Subsidiaries Yen (billion) FYE March 31, Q3 Ended Dec. 31, FYE March 31, Q3 Ended Dec. 31, Assets Liabilities and Equity 2024 2024 2024 2024 Cash and cash equ
Slide 29: Sales Revenue/Operating Profit by Business Segment
Sales Revenue/Operating Profit by Business Segment Yen(billion) QTD YTD (FYE March 31) FYE March 31, 2024 FYE March 31, 2025 Change Change 2024 2025 Change Segment Information 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q (%) Change Results Results (%) Sales Revenue Motorcycle Business 756.9 815.6 785.4 862.1 937.6 873.0
Slide 30: Honda Group Unit Sales/Consolidated Unit Sales
Honda Group Unit Sales/Consolidated Unit Sales Unit (thousand) FYE March 31 YTD Forecast 2024 2025 FYE March 31 FYE March 31 Honda Group Change 2024 2025 2024 2025 Unit Sales 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Change Change Results Results Results Forecast Motorcycles 4,473 4,793 4,695 4,858 5,062 5,320 5,126
Slide 31: Automobile Retail Sales per Power Trains
Automobile Retail Sales per Power Trains Unit (thousand) FYE March 31 YTD Electrified 2024 2025 FYE March 31 Automobile Change 2024 2025 2024 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Change Retail Sales Results Results Results Global HEV 216 205 227 217 204 217 231 +4 648 652 +4 865 PHEV 3 8 8 5 4 5 5 -3 18 14 -4 23