Honda Q1 FY2024 Profits Double – Stock Split Coming

Honda Motor FY 2024 Q1 Sales and Profit by Business Segment – Courtesy Honda – August 2023

Ken Zino of AutoInformed.com on Honda Q1 FY2024 Profits Double - Stock Split Coming

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Honda Motor (7267.T) more than doubled sales in North America during Q1 of the 2024 Japanese fiscal year as it posted an operating profit of ¥394.4 billion (~$2.76 billion – Q1 2023 ¥222.2 b) in three months through June, with an Operating Margin of 8.5%. The sales increase in North America boosted revenues in the automobile business by~26% as the Biden Administration economic recovery continued in the US for all automakers.

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