jetcityimage The automobile market is in a state of flux right now. The conversion of the market from combustion engines to a strong presence of electric vehicles is potentially changing a lot of things, and that could mean that a lot of the positions of different players in the market may shrink or grow as they make investments in the future of the industry. Today, I want to look at Honda Motor Co. (NYSE:HMC), one of the major Japanese makers of automobiles and motorcycles. The company has been showing ...

报告公司投资评级 本报告给予本田（HMC）公司"推荐"评级。[42][43] 报告核心观点 1. 2024年Q2财报亮点: - 营收5.4万亿日元,同比增长16.9%,主要得益于全球摩托车销量增长和混动车型销售强劲 [10] - 营业利润创历史新高4847亿日元,同比增长22.9%,营业利润率达9.0% [11] - 归母净利3946亿日元,同比增长8.7% [11] - 自由现金流739亿日元,季度末净现金余额37443亿日元 [13] 2. 业务表现: - 摩托车销量增加至506.2万辆,主要得益于印度、印尼等亚洲市场的增长 [14] - 汽车销量86.9万辆,受中国市场销量下滑影响 [15] - 电力产品销量下降至82.2万台,受北美和欧洲销量下降影响 [15] 3. 2025财年全年指引: - 摩托车销量预计1,980万辆,与之前预测持平 [16] - 汽车销量预计390万辆,较之前预测下调22万辆 [16] - 营收预计20万亿日元,营业利润1.42万亿日元,归母净利1万亿日元 [17] 分组1 - 公司在印度和巴西等新兴市场的摩托车业务表现出色,销量和利润均创新高 [14] - 中国汽车市场竞争激烈,公司将汽车销量预测下调22万辆 [15][16] - 公司在电动车领域正在加大投入,包括在中国建设新的电动车工厂 [18] 分组2 - 公司对未来汇率波动保持谨慎态度,并有能力应对汇率变化的影响 [19][20][33] - 公司正在与供应商合作应对通胀压力,并在一定程度上承担了供应商的成本上升 [30][31][32] - 公司在美国市场的混动车型销售表现良好,未来将继续加大产能 [22]

Japan’s auto biggie Honda (HMC) posted its first-quarter fiscal 2025 results on Aug 7, wherein revenues and EPS exceeded expectations. Quarterly operating profit rose to an all-time high of ¥485 billion, thanks to strong hybrid sales in the United States and Japan as well as robust two-wheeler demand in India and Brazil. A weaker yen also contributed to the company’s impressive results.All these factors managed to offset the weaker sales in China. Nonetheless, demand remains strong in most of the other end ...

Honda (HMC) reported earnings of $1.57 per share for first-quarter fiscal 2025, surpassing the Zacks Consensus Estimate of $1.19. The bottom line, however, declined from the year-ago profit of $1.60 per share. Quarterly revenues totaled $34.7 billion, surpassing the Zacks Consensus Estimate and the year-ago period figure of $33.7 billion.Segmental Highlights For the three-month period, which ended on Jun 30, 2024, revenues from the Automobile segment increased 14.8% year over year to ¥3.43 trillion ($22.03 ...

财务数据和关键指标变化 - 第一季度整体营业利润达到4,847亿日元,同比增加902亿日元 [10] - 第一季度归属于母公司所有者的利润为3,946亿日元,同比增加311亿日元 [10] - 第一季度营业利润创下历史最高纪录 [7][10] 各条业务线数据和关键指标变化 - 摩托车业务销量全球增加,主要在印度和巴西 [7] - 汽车业务混合动力车型销量强劲 [7] - 摩托车和汽车业务利润同比增加,得益于反映改善商业价值的定价方案 [7] - 摩托车业务第一季度营业利润创历史新高177.6亿日元 [21] - 汽车业务第一季度营业利润222.8亿日元 [21] - 金融服务业务第一季度营业利润84.9亿日元 [21] - 动力产品及其他业务第一季度营业亏损0.7亿日元 [21] 各个市场数据和关键指标变化 - 中国市场环境仍然严峻,将下调销量预测22万辆 [8] - 日本和美国混合动力车型销量增加 [9] - 中国由于新能源车市场扩张和价格竞争激烈,汽车销量同比下降 [9] - 泰国经济放缓导致摩托车销量下降,但印度和巴西需求稳定,总体摩托车销量同比增加 [9] 公司战略和发展方向及行业竞争 - 公司正在中国建设新的电动车生产工厂,计划到本财年末达到120万辆产能 [28][29][31][32] - 公司正在准备电动车专属平台,以提升在中国市场的竞争力 [31][32] - 公司正在努力优化产能和提升电动车产品吸引力,应对中国市场严峻形势 [32][33] - 公司正在与日产和三菱合作开发电动车和软件,但短期内不会看到正面影响 [50] - 公司在北美市场混合动力车型如CR-V和Accord销售良好,但产能受限难以进一步提升 [47][48] 管理层对经营环境和未来前景的评论 - 中国市场环境仍然严峻,公司将继续努力应对 [28][29][30][31][32][33] - 美国市场方面,由于利率上升等因素,预计经济将出现温和衰退,但公司计划保持销售势头 [44][45][46][47][48][49] - 汇率波动加剧给公司经营带来挑战,但公司有能力应对 [34][35][36][37][38][39][40] 其他重要信息 - 公司宣布了250亿日元的股票回购计划,截至7月31日已完成20亿日元 [12] - 公司正在努力改善公司治理,包括逐步解除交叉持股 [12][13][14][15] 问答环节重要的提问和回答 问题1 **NHK记者提问** 中国市场情况严峻,公司如何调整产能布局? [25][28][29][30][31][32][33] **藤村社长回答** 公司正在中国调整产能,计划到本财年末ICE产能降至100万辆,电动车产能增加到20万辆。同时公司正在准备电动车专属平台,以提升在中国市场的竞争力。[28][29][30][31][32][33] 问题2 **NHK记者提问** 汇率大幅波动,公司如何应对? [27][34][35][36][37][38][39][40] **藤村社长回答** 公司保持之前的汇率假设,主要是考虑到短期内汇率波动难以预测。但公司有能力应对汇率波动,包括通过本地化生产等措施来降低汇率风险。[34][35][36][37][38][39][40] 问题3 **读卖新闻记者提问** 美国市场情况如何,特别是在新总统上台后可能带来的影响? [54][55][56][57][58][59] **藤村社长回答** 美国市场方面,由于利率上升等因素,预计经济将出现温和衰退,但公司计划保持销售势头。新总统上台后可能带来一些监管变化,但公司有能力应对,会继续关注长期发展目标。[54][55][56][57][58][59]

Honda Motor Co., Ltd. (NYSE:HMC) Q1 2025 Press Conference Call August 7, 2024 2:15 AM ET Company Participants Eiji Fujimura - Managing Executive Officer, CFO Masao Kawaguchi - Head of Accounting and Finance Supervisory Unit Conference Call Participants Operator Thank you very much indeed for your participation despite your business schedule today. And then, I would like to start our financial results press conference for the Fiscal First Quarter ended June 30th, 2024. To start with, I'd like to introduce th ...

业绩总结 - 本季度汽车业务利润达到394.4亿日元，营业利润率为8.5%[4] - 本季度销售收入达到4,624.9亿日元，同比增长20.8%[17] - 本季度税前利润增加了2775亿日元，同比增长116.9%[23] - 运营利润增加了1722亿日元，同比增长77.5%[23] - 销售收入增加了795.4亿日元，同比增长20.8%（不包括货币翻译效应：633.3亿日元，同比增长16.5%）[36] 用户数据 - 本田集团销售量为4,473千辆，同比增长5.2%[22] - 本田集团汽车业务在北美市场销量显著增长，达到901千辆[22] - 本田集团摩托车业务在印度市场销量下降至952千辆，同比下降4.3%[11] - 本田集团全球销售量为2,870千辆，同比下降3.6%[22] 未来展望 - 非金融服务业务的经营活动现金流从FY23增加了135.1亿日元到FY24的398.7亿日元[25] 新产品和新技术研发 - 本季度摩托车业务营业利润增加了45.6亿日元，增长了46.7%[39] - 汽车业务营业利润增加了138.7亿日元，增长了363.1%[39] 市场扩张和并购 - 日本市场销售额增长了315.2%，达到102.7亿日元[40] - 北美市场销售额增长了84.2%，达到167.6亿日元[40] - 欧洲市场销售额增长了246.3%，达到11.8亿日元[40] - 亚洲市场销售额增长了11.5%，达到96.4亿日元[40]

SHERWOOD PARK, CANADA - APRIL 3: Honda vehicles parked outside a Honda dealership, on April 3, 2024, ... [+] in Sherwood Park, Strathcona County, Alberta, Canada. (Photo by Artur Widak/NurPhoto via Getty Images)NurPhoto via Getty ImagesJapan’s second-largest automaker, Honda Motor stock (NYSE: HMC), has seen its stock rise by just about 2% this year, meaningfully underperforming the broader indices. In comparison, rival Toyota has seen its stock rise by 5% over the same period. Honda is poised to report its ...

Honda Motor (HMC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The pow ...

Dublin, July 11, 2024 (GLOBE NEWSWIRE) -- The "Motorcycle Manufacturing in China - Industry Market Research Report" report has been added to ResearchAndMarkets.com's offering.This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares. The development of the Motorcycle Manufacturing industry in China has been aff ...