Honda posted a $1.065 billion consolidated profit for fiscal Q2 that ended September 30, 2015, an increase of 6.9% from the same period last year. Honda Q2 Earnings per share amounted to $0.59, an increase of $0.4 from the corresponding period last year. One Honda American Depository Share represents one common share.
Honda Q2 consolidated sales revenue amounted to $ 30.187 billion, an increase of 15.6% from the same period last year from increased revenue in automobile, motorcycle, financial services and power product and other business operations. There were favorable foreign currency translation effects as well (¥119.96:$1)
Motorcycle operations had sales revenue increase 4.7% to $3.779 billion from the same period last year. Operating profit totaled $409 million, an increase of 11.3% from the same period last year.
Automobile business operations saw sales revenue increase 15.7% to $21.854 billion from the same period last year. Operating profit totaled $565 million, a decrease of 12.4%.
Financial services business operations saw sales revenue increased 28.7%, to $3.851 billion from the same period last year. Operating profit increased 6.7% to $ 432 million.
Power product and other businesses operations saw sales revenue increase 14.6% to $703 million from the same period last year. Honda reported an operating loss of $32 million, a decline of $ 23 million from the same period last year.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
