Honda 2009 Annual Report Download - page 21

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Honda’s unit sales of motorcycles, all-terrain vehicles (ATVs), and personal watercraft (PWC)
totaled 10,114 thousand units, increased by 8.5% from the previous fiscal year. Unit sales in
Japan totaled 232 thousand units, decreased by 25.4%. Overseas unit sales totaled 9,882
thousand units, increased by 9.7%, due mainly to an increase in unit sales of parts for local
production at affiliates accounted for under the equity method in Asia and an increase in unit
sales in Other Regions including Brazil. Revenue from external customers decreased ¥147.1
billion, or 9.4%, to ¥1,411.5 billion from the previous fiscal year, due mainly to negative foreign
currency translation effects, which was partially offset by increased overseas unit sales. Honda
estimates that, had the exchange rate remained unchanged from the previous year, net sales for
the year would have increased by approximately ¥18.5 billion, or 1.2%. Operating income
decreased ¥51.3 billion, or 34.0%, to ¥99.9 billion from the previous fiscal year, due mainly to
increased raw material costs, the negative foreign currency effects, and increased SG&A
expenses, despite the change in sales price and decreased R&D expenses.
Annual Report 2009 19