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Honda Motor (HMC) Q4 2021 Earnings Call Transcript

Honda Motor (HMC) Q4 2021 Earnings Call Transcript
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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 Motor Co., Ltd. (HMC:NYSE) announced its Consolidated Financial Summary for the Fiscal Year Ended March 31, 2021 and Forecasts for the Fiscal Year Ending March 31, 2022

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TOKYO, May 14, 2021 /PRNewswire/
Despite some unfavorable factors such as a decrease in demand due to the impact of the COVID-19 pandemic and the impact of semiconductor supply shortages, consolidated operating profit for the fiscal year ended March 31, 2021 (FY21) amounted to 660.2 billion yen due primarily to control of selling, general and administrative (SG&A) expenses and cost reduction efforts based on a review of business activities, as well as an increase in profit due to a year-on-year difference in the amount of the provision for credit losses recorded for financial services business.
Consolidated profit for the year attributable to owners of the parent experienced a year-on-year increase and amounted to 657.4 billion yen, due also to an increase in the share of profit of investments accounted for using the equity method. ....

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