Honda 2011 Annual Report Download - page 45

Net Income Attributable to Noncontrolling Interests
Net income attributable to noncontrolling interests increased ¥15.1
billion, or 106.8%, to ¥29.3 billion from the previous fiscal year.
Net Income Attributable to Honda Motor Co., Ltd.
Net income attributable to Honda Motor Co., Ltd. increased ¥265.6
billion, or 99.0%, to ¥534.0 billion from the previous fiscal year.
Automobile Business
Honda’s unit sales of automobiles totaled 3,512 thousand units and
increased by 3.5% from the previous fiscal year, due mainly to an
increase in unit sales in North America and Asia, which was partially
offset by a decrease in unit sales in Japan and Europe.
Revenue from external customers increased ¥239.2 billion, or
3.6%, to ¥6,794.0 billion from the previous fiscal year, due mainly to
increased unit sales, which was partially offset by the negative foreign
currency translation effects. 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
¥545.7 billion, or 8.3%, compared to the increase as reported of
¥239.2 billion, which includes negative foreign currency translation
effects. Revenue including intersegment sales increased ¥247.4
billion, or 3.8%, to ¥6,802.3 billion from the previous fiscal year.
Operating costs and expenses increased ¥109.6 billion, or 1.7%,
to ¥6,537.7 billion from the previous fiscal year. Cost of sales
increased by ¥39.2 billion, or 0.8%, to ¥5,105.7 billion, due mainly
to an increase in costs attributable to increased net sales and the
effect of raw material fluctuations, which was partially offset by
continuing cost reduction and the positive foreign currency effects.
Selling, general and administrative expenses increased by ¥49.9
billion, or 5.0%, to ¥1,042.1 billion. R&D expenses increased by
¥20.4 billion, or 5.5%, to ¥389.8 billion, due mainly to improving
safety and environmental technologies and enhancing of the
attractiveness of the products.
Operating income increased ¥137.7 billion, or 108.7%, to ¥264.5
billion from the previous fiscal year, due mainly to an increase in
income attributable to increased net sales and continuing cost
reduction, which was partially offset by increased selling, general
and administrative expenses and R&D expenses, negative foreign
currency effects and the impact of the Earthquake.
Power Product and Other Businesses
Honda’s unit sales of power products totaled 5,509 thousand units
and increased by 16.1% from the previous fiscal year, due to
increased unit sales in all the regions.
Revenue from external customers increased ¥14.9 billion, or
5.4%, to ¥292.6 billion from the previous fiscal year, due mainly to
the increased unit sales of power products, which was partially
offset by negative foreign currency translation effects. 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 ¥27.5 billion, or 9.9%,
compared to the increase as reported of ¥14.9 billion, which includes
negative foreign currency translation effects. Revenue including
intersegment sales increased ¥13.6 billion, or 4.5%, to ¥318.2 billion
from the previous fiscal year.
Operating costs and expenses increased ¥2.4 billion, or 0.8%, to
¥323.8 billion from the previous fiscal year. Cost of sales decreased
by ¥0.7 billion, or 0.3%, to ¥238.6 billion, due mainly to continuing
cost reduction, which was partially offset by an increase in costs
Business Segments
Motorcycle Business
Honda’s unit sales of motorcycles and all-terrain vehicles (ATVs)
totaled 11,445 thousand units and increased by 18.7% from 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 negative foreign currency translation effects.
Operating costs and expenses increased ¥68.1 billion, or 6.3%,
to ¥1,149.6 billion from the previous fiscal year. Cost of sales
increased by ¥61.2 billion, or 7.4%, to ¥887.9 billion, due mainly to
an increase in costs attributable to increased net sales, which was
partially offset by the positive foreign currency effects. Selling,
general and administrative expenses increased by ¥3.8 billion, or
2.0%, to ¥193.8 billion. R&D expenses increased by ¥3.0 billion, or
4.7%, to ¥67.8 billion.
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 increased net sales and income related to
licensing agreements.
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Net Income Attributable to Honda Motor Co., Ltd.
and Net Income Attributable to Honda Motor Co., Ltd.
per Common Share
Years ended March 31
2007 2008 2009 2010 2011
Net Income Attributable to Honda Motor Co., Ltd. (left)
Net Income Attributable to Honda Motor Co., Ltd. per Common Share (right)
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