The consolidated net sales of this first quarter (April 2017 to June 2017) increased by ¥115.3 billion (15.3%) to ¥869.3 billion compared to the corresponding period of the previous fiscal year. The Japanese domestic net sales increased by ¥16.9 billion (6.8%) to ¥266.9 billion year-on-year mainly owing to increase in minivehicle sales. The overseas net sales increased by ¥98.4 billion (19.5%) to ¥602.4 billion year-on-year mainly owing to increase in automobile and motorcycle sales in markets including India and Europe.
In terms of the consolidated income, the operating income increased by ¥25.9 billion (43.8%) to ¥85.1 billion year-on-year mainly owing to improvement in profit of Japan, Asia, and Europe. The ordinary income increased by ¥38.2 billion (62.4%) to ¥99.5 billion year-on-year. The net income attributable to owners of the parent increased by ¥27.4 billion (72.4%) to ¥65.4 billion year-on-year.
In the automobile business, the Japanese domestic automobile net sales increased year-on-year mainly owing to sales contribution of new models including the WagonR and the Swift, which were launched at the end of the previous fiscal year. The overseas automobile net sales increased year-on-year mainly owing to increase in sales in markets including India and Europe. Consequently, the net sales of the automobile business increased by ¥102.9 billion (15.0%) to ¥787.3 billion year-on-year. The operating income increased by ¥23.6 billion (42.4%) to ¥79.4 billion year-on-year mainly owing to improvement in profit of Japan, Asia, and Europe.
In the motorcycle business, the net sales increased by ¥10.9 billion (21.6%) to ¥61.6 billion year-on-year mainly owing to sales contribution of the all-new supersport bike GSX-R1000 for the global market and the sport bike GSX-R150 for emerging countries. The operating loss of ¥0.6 billion in the previous fiscal year improved to an operating income of ¥2.0 billion.
In the marine and power products, etc. business, the net sales increased by ¥1.5 billion (7.9%) to ¥20.4 billion year-on-year mainly owing to increase in exports of outboard motors to Europe. The operating income decreased by ¥0.3 billion (7.4%) to ¥3.7 billion year-on-year owing to increase in expenses such as sundry expenses.
With respect to the operating results by geographic region, Japan, Europe, Asia, and other areas all saw increase in sales and income.
Forecast for the consolidated operating results are kept unchanged from the previous forecasts.
The Group will work as one to reform in every field and pursue the business activity to accomplish more than the below forecasts for the consolidated operating results.
|(Forecasts for the consolidated operating results-Full Year)|
|Net Sales||¥3,400.0 billion (up 7.3% year-on-year)|
|Operating Income||¥240.0 billion (down 10.0% year-on-year)|
|Ordinary Income||¥255.0 billion (down 11.1% year-on-year)|
|Net Income attributable
to owners of the parent
|¥145.0 billion (down 9.4% year-on-year)|
|(Foreign Exchange Rate)||¥110/US$
¥0.85/100 Indonesian Rupiah
*Forecasts for the consolidated operating results are based on currently available information and assumptions, contain risks and uncertainty and do not constitute guarantees of future achievement. Please note that the actual results may greatly vary by the changes of various factors. Those factors, which may influence the future results, include economic conditions and the trend of demand in major markets and the fluctuations of foreign exchange rates (mainly U.S. dollar/Yen rate, Euro/Yen rate, Indian Rupee/Yen rate).
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