Showing posts with label Honda. Show all posts
Showing posts with label Honda. Show all posts

Thursday, April 26, 2007

Honda Motor Company Presents Consolidated Financial Summary for Fiscal Year Ended March 31, 2007, Forecast for Fiscal Year Ending March 31, 2008

Honda Achieved All-time Record for Consolidated Net Sales and Other Operating Revenue and Equity in Income of Affiliates for the Seventh Consecutive Fiscal Year with Increased Income in all Business Areas

TOKYO, Japan, April 25, 2007 – Honda Motor Co., Ltd. announced that in the fiscal year ended March 31, 2007, it achieved an all-time record for consolidated net sales and other operating revenue (herein referred to as “revenue”) for the seventh consecutive fiscal year which amounted to JPY 11,087.1 billion (+11.9%), due to increased revenue in all business areas.

Consolidated operating income amounted to JPY 851.8 billion (-2.0%), Income before income taxes totaled JPY 792.8 billion (- 4.5%), and net income was JPY 592.3 billion (-0.8%).

Operating income and income before income taxes for the previous fiscal year reflected the effect of a JPY 138 billion gain from the “Daiko-Henjyo” (the return of the substitutional portion of employees’ pension funds to the Japanese government), and net income reflected the effect of a JPY 82.8 billion gain from “Daiko-Henjyo”.

Honda realized an all-time record for equity in income of affiliates, with JPY 103.4 billion (+3.8%), for the seventh consecutive year due mainly to increased income of affiliates in Asia.

Honda plans for a year-end cash dividend of JPY 20. Combined with the interim cash dividend of JPY 30 per common share and the third quarter cash dividend of JPY 17 per common share, total cash dividends for the fiscal year ended March 31, 2007 are expected to be JPY 67 per common share. (As of July 1, 2006, one share of the Company’s common share was split into two. Had this stock split not been carried out, total annual dividends would have been an increase of JPY 34 per common share, to JPY 134.)

· Consolidated unit sales: All-time record unit sales were realized in the automobile and power product business areas. (The total includes fully finished products made by Honda and its subsidiaries as well as unit sales of fully finished products and parts produced locally by affiliates accounted for under the equity method.)

Motorcycles: 10.369 million units (+1.0%); the increase was due to higher sales in South America and India which offset decreased sales in Japan and North America.(Unit sales of approximately 2.86 million units of Honda-brand motorcycle products are not included in the total listed above, in conformity with U.S. generally accepted accounting principles, because they are manufactured and sold by overseas affiliates accounted for under the equity method, but do not use any parts supplied by Honda and its consolidated subsidiaries.)

Automobiles: 3.652 million units (+7.7%); the increase was due to higher sales in overseas markets, mainly in North America, Asia and Europe.

PowerProducts: 6.421 million units (+9.3%); the increase was due mainly to sales growth in North America and Europe.

· Consolidated revenue increased in all business areas and totaled JPY 11,087.1 billion (+11.9%), realizing an all-time record for the seventh consecutive year.

· Consolidated operating income totaled JPY 851.8 billion (-2.0%), due to a gain accounted for in the previous fiscal year from “Daiko-Henjyo”, in addition to a change in model mix, the impact of increased raw material costs, an increase in selling, general and administrative (SG&A) expenses and research and development (R&D) expenses, which offset the increased profit from revenue, cost reduction efforts, and the positive effect from the depreciation of the Japanese Yen.

· Income before income taxes totaled JPY 792.8 billion (-4.5%). Net income was JPY 592.3 billion (-0.8%).

· Consolidated operating income and income before income taxes for the previous fiscal year reflected the effect of the JPY 138 billion gain from the “Daiko-Henjyo”, and net income reflected the effect of the JPY 82.8 billion gain from the “Daiko-Henjyo”.

· Equity in income of affiliates totaled JPY 103.4 billion (+3.8%), achieving a seventh consecutive all-time record due mainly to the increased income of affiliates in Asia.

Results for the Fourth Quarter (January – March 2007)

· Consolidated revenue for the fiscal fourth quarter totaled JPY 3,087.8 billion (+9.0%), achieving a seventh consecutive all-time record. Operating income for the period was JPY 250.2 billion (-26.6%), income before income taxes was JPY 239.0 billion (-29.4%), equity in income of affiliates was JPY 19.9 billion (-12.2%), and consolidated net income totaled JPY 176.1 billion (-19.7%). (Operating income and income before income taxes for the previous corresponding period reflected the effect of the JPY 138 billion gain from the “Daiko-Henjyo”, and net income reflected the effect of the JPY 82.8 billion gain from the “Daiko-Henjyo”.)

Forecast for the Fiscal Year Ending March 31, 2008

· Honda is planning for unit sales totals of 10.33 million motorcycles, 3.935 million automobiles, and 6.505 million power products. (Unit sales of approximately 5.14 million units of Honda-brand motorcycle products are not included in the total listed above, in conformity with U.S. generally accepted accounting principles, because they are manufactured and sold by overseas affiliates accounted for under the equity method, but do not use any parts supplied by Honda and its consolidated subsidiaries)

· Honda will conduct its business operations based on the goals described in the following chart with assumption of the average currency exchange rate of JPY 115 = U.S. dollar 1 (average rate for the first half of the fiscal year: JPY 116, latter half of the fiscal year: JPY 113) and JPY 150= Euro 1 (first half: JPY 152, latter half: JPY 148).

Source: Honda Motor Co., Ltd.

Honda Sets 10th Straight All-Time Fiscal Year Record for Worldwide Production

TOKYO, Japan, April 24, 2007– Honda Motor Co., Ltd., announced a summary of automobile production, Japan domestic sales, and export results for the fiscal year ended March 31, 2007, (Fiscal Year 2007) as well as for the month of March. Honda set new all-time fiscal year records for production in North America, the U.S., Europe, Asia, and China, resulting in the 10th consecutive all-time record for overseas and worldwide production.

Production
Fiscal Year 2007 (fiscal year ended March 31, 2007)
Due to an increase in production for domestic and overseas markets, total Japan domestic production for Fiscal Year 2007 experienced a year-on-year increase for the first time in two years (since Fiscal Year 2005).

Due mainly to increased production in Asia, overseas production for Fiscal Year 2007 experienced a year-on-year increase for the tenth consecutive year (since Fiscal Year 1998).

Due mainly to an increase in overseas production, worldwide production for Fiscal Year 2007 experienced a year-on-year increase for the tenth consecutive year (since Fiscal Year 1998).

Honda set all-time fiscal year records for overseas and worldwide production, as well as for production in North America, the U.S., Europe, Asia, and China.

March 2007
Due to increased production for the domestic market and overseas market, domestic production experienced a year-on-year increase for the tenth consecutive month (since June 2006).

Due mainly to increased production in Asia, overseas production experienced a year-on-year increase for the twentieth consecutive month (since August 2005).

Due to an increase in both domestic and overseas production, worldwide production experienced a year-on-year increase for the twentieth consecutive month (since August 2005).

Honda set an all-time monthly record for overseas production, worldwide production, as well as production in North America, the U.S., Europe, Asia and China.

Japan Domestic Sales
Fiscal Year 2007 (fiscal year ended March 31, 2007)
Due to a decrease in new vehicle registrations, total domestic auto sales for Fiscal Year 2007 experienced a year-on-year decline for the fifth consecutive year (since Fiscal Year 2003).

Though sales of the all-new Stream (introduced in July 2006) and CR-V (introduced in October 2006) increased, due mainly to a decrease in sales of Step Wagon and Fit, new vehicle registrations in Fiscal Year 2007 experienced a year-on-year decline for the first time in three years (since Fiscal Year 2004).

Despite a drop in sales of Life, due to strong sales of Zest (introduced in February 2006), sales of mini vehicles experienced a year-on-year increase for the first time in six years (since Fiscal Year 2001).

Fit was the industry’s third best selling car among new vehicle registrations for Fiscal Year 2007, with sales of 96,599 units and ranked as Honda’s best selling car for Fiscal Year 2007. The sales result for Step Wagon was 70,517 units.

Life was the industry’s fifth best selling car among mini-vehicles for Fiscal Year 2007, with sales of 99,205 units. The sales result for Zest was 74,697 units.

March 2007
Due to a decrease in new vehicle registrations and mini vehicles, total domestic sales experienced a year-on-year decline for the third consecutive month (since January 2007).

Though sales of the all-new Crossroad and Stream increased, due mainly to a decrease in sales of Step Wagon and Fit, new vehicle registrations in March experienced a year-on-year decline for the twelfth consecutive month (since April 2006).

Though sales of That’s and Vamos increased, due mainly to a decrease in sales of Zest and Life, sales of mini-vehicles in March experienced a year-on-year decline for the first time in five months (since October 2006).

Fit was the industry’s third best selling car among new vehicle registrations for the month of March, with sales of 12,787 units. The sales result for Stream was 8,307 units.

Life was the industry’s fourth best selling car among mini-vehicles for the month of March, with sales of 13,966 units and ranked as Honda’s best selling car for the month of March. The sales result for Zest was 6,894 units.

Exports from Japan
Fiscal Year 2007 (fiscal year ended March 31, 2007)

Due mainly to increased exports to North America, total exports from Japan for Fiscal Year 2007 experienced a year-on-year increase for the third consecutive year (since Fiscal Year 2005).

March 2007
Due mainly to increased exports to Europe, total exports from Japan in March, experienced a year-on-year increase for the tenth consecutive month (since June 2006).

Source: Honda Motor Co., Ltd.

Tuesday, April 24, 2007

Honda of Pocatello, Idaho Earns Honda's Top Dealership Award

POCATELLO, Idaho, April 23 /PRNewswire/ -- American Honda Motor Co., has awarded Honda of Pocatello the 2006 Honda President's Award. This award is presented to the top 15 percent of Honda dealerships across the country that have achieved a rigorous set of objectives encompassing all areas of operations - customer service and satisfaction, facility operation, training and sales.

The President's Award is the highest honor bestowed on Honda dealerships. Annually, award criteria are modified to challenge dealerships to achieve new levels of customer satisfaction. Over 1,000 Honda automobile dealerships across the country participate in the program, with 170 earning this prestigious award for 2006. This is the first time that Honda of Pocatello has earned the President's Award.

"It took a team of dedicated professionals to achieve the objectives established for the 2006 President's Award," say Richard Colliver, executive vice president of American Honda. "We are proud to have Honda of Pocatello in the Honda family and we know our customers will benefit from working with this award-winning team."

"We're all so pleased to be recognized for the top quality service we give day in and day out. This award has reenergized us to continue providing unparalleled quality, value and service to all our customers in Southeast Idaho," said Dave Cooper, Honda of Pocatello General Manager.

Honda of Pocatello offers two fuel-efficient hybrid models - the Honda Civic Hybrid and Honda Accord Hybrid - in addition to the full line of Honda vehicles, including the Honda Accord, Honda Civic, Honda Fit, Honda Odyssey, Honda Pilot, Honda Element, Honda Ridgeline, Honda S2000, and the all-new Honda CR-V.

About Lithia

Lithia Motors, Inc. is one of the largest full-service new vehicle retailers in the United States with 109 stores in 45 markets located in 15 states in the Western and Midwestern United States. Lithia offers 30 brands of new domestic and imported vehicles, all makes of used vehicles, service and parts, and finance/insurance. Internet sales are centralized at Lithia.com. Lithia had total revenues of $3.17 billion in 2006.


Source: Lithia Motors, Inc.

Tuesday, April 10, 2007

Fall Out Boy To Delay Start of Honda Civic Tour

Fall Out Boy Headlines 2007 Honda Civic Tour - On Sale Now -with +44, The Academy Is ... , Paul Wall and Cobra Starship Begins May 11th in Denver

Fall Out Boy announces that due to personal issues beyond the band's control, the first few weeks of The Honda Civic Tour have been delayed. These shows will be rescheduled to the end of the tour.

Fall Out Boy bassist Pete Wentz says, "Just wanted to give everyone a heads up, we are planning on this being the biggest and best Fall Out Boy show that we could possibly have. Unfortunately, because of some personal issues we had to delay the tour a few weeks. We want to put on the best possible show we can and know that this extra couple of weeks will give us the time to put ourselves in the right place to put on the best show we can. The shows from the earlier part of the tour will be rescheduled to the end but all tickets will be honored for all moved shows. Again we apologize. Our fans really mean the world to us and I promise the wait will be well worth it."

The only show that could not be rescheduled due to routing conflicts is the Sacramento show. Ticket holders for the Sacramento show can refund their tickets and can also re-buy tickets for the Concord date at point of purchase. Tickets may also be exchanged at Concord box office night of show for comparable price level, subject to availability. Refunds for all rescheduled shows will be given at point of purchase.

Over the last six years, the Honda Civic Tour has become one of the music industry's hottest tours by putting fans in touch with their favorite artists at moderate ticket prices while promoting environmental consciousness. Known for the most dynamic artists and entertaining stage productions, this year's Honda Civic Tour is no exception. With this year's all-star line-up, fan's are in for a wild summer!

INFINITY ON HIGH, the long-awaited new album by Fall Out Boy, debuted at #1 on the Billboard 200 album chart in February on first week combined sales of 259,674 units. The release was also the #1 Digital Album, with digital sales of 27,939 units.

The new album exploded on the strength of "This Ain't a Scene, It's an Arms Race," the first single pick. The new single "Thnks Fr Th Mmrs" has already taken off at radio (#1 Most Added in its first week) and the video has already been added to MTV, MTV2, MTVHits and MTVU.

INFINITY ON HIGH is the follow-up From Under The Cork Tree, Fall Out Boy's Island debut, which has sold more than 3 million copies worldwide since its release in May 2005. The new album reunites the group with longtime A&R executive Rob Stevenson, along with Neal Avron, who produced, recorded and mixed Cork Tree. The new album also finds Fall Out Boy working with megastar hitmaking R&B producer Babyface for the first time.

After winning the coveted MTV2 Award in 2005 (for their first Island single, "Sugar, We're Going Down"), Chicago's Fall Out Boy - Patrick Stump (vocals/guitar), Pete Wentz (bass), Joe Troh man (guitar), and Andy Hurley (drums) - picked up their second consecutive moonman this past September, when the video for their second Island single ("Dance, Dance") won 2006's MTV VMA Viewers Choice Award. They also received last year's Grammy nomination in the highly competitive Best New Artist category.

Honda, the most fuel efficient car company in America, began operations in the U.S. in 1959 with the establishment of American Honda Motor Co., Inc., Honda's first overseas subsidiary. Honda now employs more than 30,000 associates in North America. Honda currently has 12 manufacturing plants in North America, producing automobiles, light trucks, motorcycles, all-terrain vehicles, personal watercraft, engines, transmissions and other components. Nearly 8 of 10 Honda and Acura cars and light trucks sold in America are assembled in North America as well. Many of these products are now designed and developed at one of Honda's U.S. R&D centers. Honda annually purchases more than $12 billion in parts and materials from suppliers in North America.

Produced by Marketing Factory of Venice, CA, the Honda Civic Tour brings innovation and environmental consciousness to the masses by combining the hottest in automotive technology with the hottest in music.

The Honda Civic Tour updated schedule is as follows (dates and venues subject to change):

   DATE                VENUE                          CITY
May 11 Coors Amphitheater Denver, CO
May 12 Verizon Wireless Amphitheater Kansas City, MO
May 13 Mid America RCC Council Bluffs, IA
May 15 Mark of Quad Cities Moline, IL
May 16 Target Center Minneapolis, MN
May 17 The Bradley Center Milwaukee, WI
May 18 Verizon Wireless Amphitheater St. Louis, MO
May 20 Blossom Music Center Cleveland, OH
May 21 Riverbed Music Center Cincinnati, OH
May 22 Post-Gazette Pavilion Pittsburgh, PA
May 23 Verizon Wireless Amphitheater Virginia Beach, VA
May 25 The Bell Centre Montreal, QC
May 26 Molson Amphitheater Toronto, ON
May 27 DTE Energy Music Theatre Detroit, MI
May 28 Darien Lakes Per. Arts Center Buffalo, NY
May 30 Saratoga Per. Arts Center Saratoga, NY
May 31 Tweeter Center Boston, MA

June 1 Tweeter Center Philadelphia, PA
June 2 New England Dodge Music Center Hartford, CT
June 4 Merriweather Post Pavilion Columbia, MD
June 5 Nikon at Jones Beach Theater Wantaugh, NY
June 6 PNC Bank Arts Center Holmdel, NJ
June 8 Verizon Wireless Amphitheater Indianapolis, IN
June 10 Charter One Pavilion Chicago, IL
June 11 Charter One Pavilion Chicago, IL
June 13 Verizon Wireless Amphitheater Charlotte, NC
June 14 Hi Fi Buys Amphitheater Atlanta, GA
June 15 Ford Amphitheater Tampa, FL
June 16 Sound Advice Amphitheater West Palm Beach, FL
June 18 CWM Pavilion Houston, TX
June 19 Smirnoff Music Centre Dallas, TX
June 20 Verizon Wireless Amphitheater San Antonio, TX
June 22 Cricket Pavilion Phoenix, AZ
June 23 The Forum Los Angeles, CA
June 24 The Pearl Las Vegas, NV
June 25 The E Center Salt Lake City, UT
June 27 Tacoma Dome Tacoma, WA
June 28 Pacific Coast Coliseum Vancouver, BC
June 29 The Rose Garden Arena Portland, OR
June 30 Sleep Train Pavilion Concord, CA

July 1 Coors Amphitheater San Diego, CA
July 2 The Honda Center Anaheim, CA

Source: Honda Civic Tour