Honda Q4 Profit Jumps - Quick Facts

(RTTNews) - Japanese automaker Honda Motor Co. Ltd.'s (HMC) fourth-quarter consolidated net income attributable to the company advanced by 125.1% to 170.51 billion yen, or $1.66 billion, from 75.75 billion yen reported last year.

For the fiscal fourth quarter, basic net income per share attributable to Honda Motor Co., Ltd. was 94.61 yen, or $0.92, which is sharply higher than the year-ago quarter's 42.03 yen.

Quarterly consolidated net sales and other operating revenue totaled $30.09 billion, or 3.10 trillion yen, a 12.8% increase from last year's 2.74 trillion yen, chiefly due to higher revenue in automobile and motorcycle business operations, as well as favorable foreign currency translation effects.

Consolidated operating income amounted to $1.61 billion, or 165.2 billion yen, up by 21.5% year-over-year, due to an increase in sales volume and model mix, continuing cost reduction efforts, as well as favorable foreign currency effects, despite increased SG&A and R&D expenses, the company said.