Honda 2015 Annual Report Download - page 19

600
1,200
1,800
011 12 13 14 15
20.0
40.0
60.0
0.0
(Fiscal years ended March 31)
2014 2015 % change
Japan ¥ 77,195 ¥ 119,722 55.1%
North America 1,198,302 1,376,287 14.9
Europe 14,175 14,249 0.5
Asia 8,056 12,157 50.9
Other Regions 28,298 33,135 17.1
Total ¥1,326,026 ¥1,555,550 17.3%
Sales Revenue
by Region
Yen (millions)
Yen (billions) 2011 2012 2013 2014 2015
Receivables from
Financial Services ¥3,480.0 ¥3,446.1 ¥4,031.1 ¥5,351.2 ¥5,683.6
Equipment on
Operating Leases 1,357.6 1,472.7 1,843.1 2,427.4 3,335.3
Total ¥4,837.6 ¥4,918.8 ¥5,874.2 ¥7,778.6 ¥9,018.9
Receivables from Financial Services / Equipment on Operating Leases
* From fiscal 2011 to 2013, the above were named “Financial Receivables” and “Property on Operating Leases,” and stated in
accordance with U.S. GAAP.
The total amount of receivables from financial services and equipment on operating leases of finance sub-
sidiaries on March 31, 2015 increased by ¥1,240.3 billion, or 15.9%, to ¥9,018.9 billion from the March
31, 2014. Honda estimates that by applying Japanese yen exchange rates of the previous fiscal year to
the current fiscal year, total amount of receivables from financial services and equipment on operating
leases of finance subsidiaries as of March 31, 2015 would have increased by approximately ¥257.8 billion,
or 3.3%, compared to the increase as reported of ¥1,240.3 billion, which includes positive foreign currency
translation effects.
Sales revenue from external customers increased by ¥229.5 billion, or 17.3%, to ¥1,555.5 billion from
the previous fiscal year, due mainly to an increase in operating lease revenues and positive foreign cur-
rency translation effects. Honda estimates that by applying Japanese yen exchange rates of the previous
fiscal year to the current fiscal year, sales revenue for the year would have increased by approximately
¥106.5 billion, or 8.0%, compared to the increase as reported of ¥229.5 billion, which includes positive
foreign currency translation effects. Sales revenue including intersegment sales increased by ¥230.1
billion, or 17.2%, to ¥1,567.9 billion from the previous fiscal year.
Operating costs and expenses increased by ¥210.3 billion, or 18.2%, to ¥1,365.3 billion from the previous
fiscal year. Cost of sales increased by ¥203.0 billion,
or 19.0%, to ¥1,271.8 billion from the previous fiscal
year, due mainly to an increase in costs attributable to
increased operating lease revenues and negative
foreign currency effects. Selling, general and adminis-
trative expenses increased by ¥7.2 billion, or 8.4%, to
¥93.4 billion from the previous fiscal year.
Operating profit increased by ¥19.8 billion, or
10.9%, to ¥202.5 billion from the previous fiscal
year, due mainly to increased sales revenue and
positive foreign currency effects.
Review of Operations
Financial Services Business
To support the sale of its products, Honda provides retail lending and leasing to customers and wholesale
financing to dealers through its finance subsidiaries in Japan, the United States, Canada, the United Kingdom,
Germany, Brazil, Thailand and other countries.
Japan
North America
Europe
Asia
Other Regions
Operating Margin
U.S. GAAP IFRS
U.S. GAAP IFRS
400
1,200
1,600
011 12 13 14 15
100
300
800 200
400
0
Sales Revenue / Operating Profit
Yen (billions)
Sales Revenue (left scale) Operating Profit (right scale)
Yen (billions) (%)
Honda Motor Co., Ltd. Annual Report 2015 18
4 Review of Operations
1 The Power of Dreams
2 Financial Highlights
3 To Our Shareholders
5 Corporate Governance
6 Financial Section
7
Investor Relations
Information
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