Honda Sales Intelligence Blog

Honda Sales Intelligence Blog 

Honda Motor Co., Ltd.

2-1-1, Minami-Aoyama
Minato-ku
Tokyo 107-8556
Japan
81 3 3423 1111
http://www.honda.co.jp
Honda North America

24000 Honda Parkway
Marysville, OH 43040
Phone: (937) 642-5000
https://ohio.honda.com/
Honda Finance North America

1919 Torrance Blvd
Torrance, CA 90501
Phone: (800) 999-1009
https://www.hondafinancialservices.com/
Toyota Motor North America, Inc. (TMNA)

6565 Headquarters Dr.
Plano, TX 75024
United States of America
Phone: (800) 331-4331
https://www.toyota.com/usa/operations

 

Honda Motor Co., Ltd. Blog Highlights

  • Honda supplier expands Alabama plant
  • Honda recalls 608,000 vehicles for faulty software
  • Honda to make changes to its corporate executive structure 

 

Social Media properties

Facebook: https://www.facebook.com/Honda/
Instagram: https://www.instagram.com/honda/
LinkedIn: https://www.linkedin.com/company/american-honda-motor-company-inc-/
Twitter: https://twitter.com/honda
YouTube: https://www.youtube.com/honda

 

Latest Honda Earnings Call Highlights

May 12, 2020

Executives In Attendance

Analysts in Attendance

  • Watanabe -- Corporate Publications
    • Honda enjoyed a good sales performance of N-BOX and others. However, due to the influence of the consumption tax hike and the restricted part supplies for new N-WGN, Honda unit sales went below the last year. N-BOX series achieved the highest unit sales among other new car sales in Japan in FY 2020. 
    • Honda enjoyed the effect of Passport launch and the incremental sales of HR-V, which marked the record sales in the month of February. Nevertheless, because of the impact associated with pandemic, Honda unit sales declined from last year due to a large drop in the market of West Coast and Northwest metropolis regions where Honda usually has major unit sales.
    • Profit before the income for the fourth quarter was JPY3.7 billion, a decrease by JPY107.3 billion from the same period of the previous year. As for the operating profit, though there were cost reduction effects and decrease of SG&A, but due to the impact along with the COVID-19 pandemic, it was down by JPY47.9 billion compared to the same period last year.
    • Operating income was JPY633.6 billion. Although there was a cost reduction effect due to impact of the COVID-19 pandemic and other factors, it came down to -- down by JPY92.7 billion.

     

    Honda Operations of Factories

    Honda Earnings Call on May 12, 2020:  https://www.fool.com/earnings/call-transcripts/2020/05/12/honda-motor-co-ltd-hmc-q4-2020-earnings-call-trans.aspx

     

    Honda Annual Report Highlights

    Honda 2019 Annual Report

    NAME TITLE
    Toshiaki Mikoshiba Chairman and Director
    Takahiro Hachigo Director in Charge of Research & Development
    Seiji Kuraishi Chief Officer for Automobile Operations
    Kohei Takeuchi Chief Financial Officer and Director in Charge of Finance and Administration (Accounting, Finance, HR, and Corporate Governance
    Toshihiro Mibe Director in Charge of Mono-zukuri (Research & Development, Production, Purchasing, Quality, Parts, Service, Intellectual Property, Standardization and IT)
    Hiroko Koide Outside Director of J-OIL MILLS, Inc.
    Fumiya Kokubu Director of the Company
    Takanobu Ito Director and Advisor

     

    Honda Motor Co., Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Life creation and Other Businesses.

    The Motorcycle Business segment produces motorcycles, including sports, business, and commuter models; and various off-road vehicles, such as all-terrain vehicles and side-by-sides.

    The Automobile Business segment offers passenger cars, light trucks, and mini vehicles, as well as vehicles powered with alternative fuel, such as battery electric, fuel cell, and flexible fuel vehicles.

    The Financial Services Business segment provides various financial services, including retail lending and leasing services to customers, as well as other financial services comprising wholesale financing to dealers.

    The Life creation and Other Businesses segment manufactures and sells power products, such as general purpose engines, generators, water pumps, lawn mowers, riding mowers, robotic mowers, brush cutters, tillers, snow blowers, outboard marine engines, walking assist devices, and portable battery inverter power sources. This segment also offers HondaJet aircraft. The company also sells spare parts; and provides after-sale services through retail dealers directly, as well as through overseas operations, independent distributors, and licensees.

    Honda Motor Co., Ltd. has strategic partnership with Contemporary Amperex Technology Co., Limited. The company was founded in 1946 and is headquartered in Tokyo, Japan.

    Corporate Governance Structure

    Honda Corporate Governance Structure April 2020

    Financial Highlights

    Fiscal Year
    Fiscal Year Ends 31-Mar-20
    Most Recent Quarter  30-Jun-20

    Profitability
    Profit Margin 1.55%
    Operating Margin  0.00%

    Management Effectiveness
    Return on Assets  0.83%
    Return on Equity  2.89%

    Income Statement
    Revenue  N/A
    Revenue Per Share  N/A
    Quarterly Revenue Growth  -46.90%
    Gross Profit  3.08T
    EBITDA N/A
    Net Income Avi to Common  N/A
    Diluted EPS  5.79
    Quarterly Earnings Growth  N/A

    Balance Sheet
    Total Cash  N/A
    Total Cash Per Share  N/A
    Total Debt  N/A
    Total Debt/Equity  93.94
    Current Ratio  1.27
    Book Value Per Share  43.12

    Cash Flow Statement
    Operating Cash Flow  N/A
    Levered Free Cash Flow  N/A

     

    COVID-19 Operations

    In January 2020, Honda established the Global Emergency Headquarters. Honda’s first priority is the safety of our stakeholders, including customers, suppliers and employees, Honda has taken countermeasures to minimize the adverse impacts on Honda’s business and operating results, from the perspective of business continuity. Beginning with thorough infection prevention countermeasures based on guidelines from the WHO and governments worldwide, Honda is taking various measures, such as disallowing travel to countries with a high risk of infection in line with travel restrictions in each country, expanding remote work by introducing restrictions on physical commuting, and canceling or scaling down events in which Honda’s stakeholders gather in large numbers.

    Honda has been gradually resuming its business activities in some countries based on developments on local regulations and the supply of parts, upon taking measures such as checking employees’ temperatures, maintaining hygiene in work areas, and ensuring social distancing.

    Marketing and Distribution 

    Most of Honda’s products are distributed under the Honda trademarks in Japan and/or in overseas markets.

    In fiscal 2020, approximately 89% of Honda’s motorcycle units on a group basis were sold in Asia. Approximately 41% of Honda’s automobile units (including sales under the Acura Brand) on a group basis were sold in Asia followed by 38% in North America and 14% in Japan. Approximately 50% of Honda’s power products units on a group basis were sold in North America followed by 24% in Asia and 15% in Europe.

    New Businesses 

    In “Honda eMaaS,” Honda’s energy technology is expected to contribute to the effective utilization of electric power for society as a whole.

    For example, Honda’s electrified mobility and energy equipment function as temporary electric power storage/discharge devices, contributing to stabilization of electric power. To this end, in the mobility service, efforts need to be made in the areas of mobility and goods transport services using electric vehicles. In the energy service, efforts need to be made in the area of mobile power supply, by not only “using” energy equipment as a power source for mobility but also enabling them to “create” electric power and “connect” with the power supplies for the household so that electricity can be used efficiently whenever and wherever needed. 

    See the Full Honda Annual Report

    Download the Honda Digital Factbook (PDF)

     

    Honda Org Charts

    Honda Org Changes April 2020

    Honda Org Chart 1

    Honda Org Chart 2

    Honda Org Chart 3

    Honda Org Chart 4

    Honda Org Chart 5

    Honda Motor North America Locations

    Location Facility
    Alpharetta, GA Power Equipment Headquarters
     
    Auto Zone
     
    Finance
     
    Parts Center
     
    Honda Rider Education Center
    Anna, OH Engine Plant
    Ann Arbor, MI Emissions Lab
    Cantil, CA Testing
    Chino, CA Call Center
    Colton, CA Honda Rider Education Center
    Davenport, IA Parts Center
    Denver, CO Emissions Testing Lab
    East Liberty, OH Automobile Plant
     
    Transportation Research Center (Test Track)
    Grant-Valkaria, FL Marine Engine Research Facility
    Greensboro, NC HondaJet Production Facility
     
    R & D Center
    Greensburg, IN Automobile Plant
    Irving, TX Honda Rider Education Center
     
    Parts Center
    Lincoln, AL Automobile and Engine Plant
    Longmont, CO Data Center
    Marysville, OH Motorcycle Plant
     
    Automobile Plant
    Mt. Laurel, NJ Parts Center
    Pasadena, CA Advanced Styling Center
    Portland, OR Parts Center
    Raymond, OH R & D Center
    Russells Point, OH Transmission Plant
    Santa Clarita, CA Honda Performance Development (Auto Racing)
    Stockton, CA Parts Center
    Swepsonville, NC Power Equipment Plant
    Tallapoosa, GA Transmission Plant
    Timmonsville, SC All-Terrain Vehicle Plant
    Torrance, CA U.S. Sales & Marketing Headquarters
     
    R & D Center
     
    Parts Center
    Troy, OH Honda Rider Education Center
     
    Parts Center
    Windsor Lock, CT Parts Center

     

    More on Honda Motor Co.


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