Along with Toyota, Honda has also revealed its financial results for the first quarter of financial year 2021 (FY2021), which starts from April 1, 2020 and end on March 31, 2021. The running theme continues here, as the Japanese company experienced declining demand and production due to the Covid-19 pandemic.
During the three-month period of April 1 to June 30, Honda’s operating profit dipped into the red at negative 113.6 billion yen, representing a year-on-year (YoY) decrease of 366.2 billion yen from the same period in FY2020.
Sales revenue also declined by 1.87 trillion yen YoY to 2.12 trillion yen, with reduced sales across all its business units – motorcycles, automobiles and Life Creation (power generators, lawnmowers and others). Of the three, sales of Honda motorcycles took the biggest hit, with just 1.855 million units delivered, which is 62.3% drop from 4.921 million units in Q1 FY 2020.
Honda automobiles saw the second largest decline at 40%, with 7.92 million cars delivered compared to 1.321 million units, while sales of Life Creation products shrunk by 15.4% to 1.083 million units.
Looking ahead, Honda expects an operating profit of 200 billion yen by the end of FY2021, or 433.6 billion yen less than in FY2020. Meanwhile, it expects sales revenue to peak at 12.8 trillion yen, down 2.1 trillion yen from 14.9 trillion yen in FY2020.
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Is alright. Honda will continue to stay at the TOP as we are genuine, not rebadging manufacturer like some rival….
To honda fanboys: hahaha
Proton, all > honda
Such as shame, nearly a decades until now, honda still giving asking for recalls for any faulty parts for many honda vehicles, the same goes in here as well. No wonder, honda still asking billions for tongkat from japan gomen, especially for pandemic
Syukurla. Inb4 proton to umum operating profit,
Lol! thats why honda malaysian vehicles so many recalls over 55000
No one ever drives this such unreliable brand because when buying this brand and using short term that can last less than a year.
Honda automobiles saw the second largest decline at 40%, with 0.792 million cars delivered compared to 1.321 million units.
Not 7.92million cars
No wonder why hondiii cars are getting lousiat and buruk now
Profits falling because of their weird design like ah beng hondas and ketam hondas
This as why? design is getting backwards alike