Consolidated Financial Summary for the Fiscal 1st Quarter ended June 30, 2010

Aug. 5, 2010 - PRLog -- TOKYO, Japan, July 30, 2010 -- Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first quarter ended June 30, 2010.

♦ Consolidated Financial Summary:
Results for Fiscal 1st Quarter (3 months ended June 30, 2010)
Consolidated net sales and other operating revenue for the fiscal first quarter ended June 30, 2010 amounted to JPY 2,361.4 billion, an increase of 17.9% compared to the same period last year, primarily due to increased revenue in the automobile business, offsetting unfavorable currency translation effects.

Consolidated operating income amounted to JPY 234.4 billion, an increase of 831.7% from the same period last year, due mainly to the positive impact of increased revenue and model mix, reduction in vehicle costs as a result of increased production and continuing cost reduction efforts, offsetting increased R&D expenses and the unfavorable impact of currency effects.

Consolidated income before income taxes amounted to JPY 256.1 billion, an increase of JPY 250.6 billion from the same period last year, and consolidated net income attributable to Honda Motor Co., Ltd. amounted to JPY 272.4 billion, an increase of JPY 264.9 billion compared to the same period last year.