Honda 2011 Annual Report Download - page 17

Download and view the complete annual report

Please find page 17 of the 2011 Honda annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 80

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

Honda’s unit sales of motorcycles and all-terrain vehicles (ATVs) totaled 11,445 thousand units, an
increase of 18.7% compared with the previous fiscal year, due mainly to an increase in unit sales in
Asia and Other Regions, including South America.
Revenue from external customers increased ¥147.9 billion, or 13.0%, to ¥1,288.1 billion
from the previous fiscal year, due mainly to increased unit sales and revenue related to licensing
agreements. Honda estimates that by applying Japanese yen exchange rates of the previous fiscal
year to the current fiscal year, net sales for the year would have increased by approximately ¥171.3
billion, or 15.0%, compared to the increase as reported of ¥147.9 billion, which includes the un-
favorable foreign currency translation effects.
Operating income increased ¥79.7 billion, or 135.6%, to ¥138.5 billion from the previous
fiscal year, due mainly to an increase in income attributable to the increased net sales and income
related to licensing agreements.
Motorcycle Business
15