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Automakers Take Multi-Billion Profit Hit As Battery Metals Boom

Automakers Take Multi-Billion Profit Hit As Battery Metals Boom
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Honda Motor (HMC) Q4 2021 Earnings Call Transcript

Honda Motor (HMC) Q4 2021 Earnings Call Transcript
Motley Fool Transcribing
© The Motley Fool
Logo of jester cap with thought bubble.
Honda Motor (NYSE: HMC)
Thank you very much for sparing your time to join us here today at the announcement of Honda Motor Company s FY 21 financial results. And I d like to convene the meetings. I ll be serving as the emcee. My name is Okamoto from corporate communications.
Thank you. First, allow me to introduce the executives attending. Executive Vice President Seiji Kuraishi; Senior Managing Director Kohei Takeuchi. First, Executive Vice President Kuraishi will give you the outline of FY 21 financial results and FY 22 financial forecasts.SPONSORED: ....

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Honda swings to quarterly profit, expects chip shortage to hit near-term production

Honda swings to quarterly profit, expects chip shortage to hit near-term production
Operating profit comes in at $1.93 billion for recent quarter vs. $51 million loss last year
Print
TOKYO – Operating profit at Honda soared in the most recent quarter, bouncing backing into the black and adding nearly $2 billion in three months as sales rebounded, China business boomed and some operational headaches slipped into the rearview mirror.
Honda booked an operating profit of 213.2 billion yen ($1.93 billion) in the fiscal fourth quarter ended March 31, reversing an operating loss of 5.6 billion yen ($50.8 million) the year before, the
At the net level, Honda also restored profitability, posting net income of 213.3 billion yen ($1.94 billion), compared to a net loss of 29.5 billion yen ($267.7 million) from a year earlier. ....

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Honda Motor (HMC) Q3 2021 Earnings Call Transcript

Matt Watanabe
Kohei Takeuchi
How do you do? I m Takeuchi.
Matt Watanabe
As a precautionary measure against COVID-19, this announcement is being made live stream without any audience in this room. We see clear understanding. First, executive vice president, Kuraishi, will be announcing our financial results.
Seiji Kuraishi
Executive Vice President
So let me explain our third-quarter FY 2021 financial results and full-year forecast of FY 2021. Regarding the cumulative rated sales of Honda Group up to the third quarter, motorcycle businesses had 10.591 million units sold and automobile had 3.425 million units and life creation businesses had 3.855 million units sold. With regard to the business situations in the main markets, unit sales that of total Japan market for the nine months cumulative dropped below the same time last year due to the impact of the COVID-19. However, since October, the market improved from the year before when the sales had ....

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