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Thursday, October 25, 2007
Honda Motor Company Announces Record First Half Results
Image: courtesy of Honda Motor Co. (www.honda.com)

First Half 2007 Consolidated Corporate Results (Ending Sept 30, 2007)

Honda Motor Company (Japan) released their first half record results today showing net consolidated sales and operating revenue of JPY 5,902.4 billion* (51.72 billion USD*) for the first half of 2007 ending September 30, 2007. This was a 12.8% increase over the same period in 2006.

Net first half 2007 Consolidated Income for Honda Motor totalled JPY 374.6 billion* (3.27 billlion USD)(+38.1%) This compares to JPY 271.3 billion* (2.38 billion USD*) in the first half of 2006.

Honda is seen by many automobile enthusiasts to be a very environmentally progressive company through its devolopment of advanced technology vehicles. The car in the photo is the Puyo concept car which is a fully functional fuel cell vehicle (zero emissions water exhaust). Honda at this moment appears to be furthest ahead of all automobile manufacturers in fuel cell technology.

Honda stated in their press release (September 30, 2007):

"increased profit (was) from higher revenue, cost reduction effects, and positive currency effects of the depreciation of the Japanese Yen, which offset the soaring raw materials costs and higher depreciation expenses, selling, general and administrative (SG&A) expenses and research and development (R&D) expenses."

* Income before income taxes for the previous fiscal first half ended September 30, 2006 was adjusted to match the method used for the current fiscal first half - From Honda News Release.

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