Honda reports growth on strength of powersports

Honda released its consolidated operating results on Feb. 13, reporting that sales revenue for the nine months ended December 31, 2024 increased by 8.9%, to JPY 16,328.7 billion from the same period last year, due mainly to increased sales revenue in its motorcycle business as well as positive foreign currency translation effects. 

In motorcycle business, global sales remained strong, achieving a cumulative total of 15.5 million units in the third quarter. In automobile business, sales volume decreased by 297 thousand units compared to the same period last year, due to a decrease in Asia, with the predominant negative impact coming from China, despite solid sales in North America.

The R&D adjusted operating cash flow, which represents the funding for future investments, remained at the same level as the previous year at 1 trillion 945 billion yen.

For the fiscal year ending March 2025, the consolidated business forecast remains unchanged at an operating profit of 1 trillion 420 billion yen and net profit of 950 billion yen. Motorcycle unit sales has been revised upward to an all-time record high, reflecting strong global sales. Automobile unit sales has been revised downward to 3.75 million units mainly due to a decrease in Japan.