Honda Motor
In a challenging year for car companies across the globe, Honda Motor saw revenues decline more than 4% and profits slump by almost a quarter. The Japanese automaker's core "model mix" of most lower-margin makes was partly to blame. Elsewhere, elevated recall-related costs (faulty airbags) plus higher rebate costs and unfavorable exchange rates hurt the company's bottom line. Honda had been forecasting a better outlook for this year, but that was before the pandemic hit. Now all bets are off. In May, the company reported its lowest operating profit in four years and declined to provide an outlook for the rest of the year.
Zhang Chang—China News Service/Getty Images
Company Information
As of 8/3/2022
Country
Japan
Headquarters
Tokyo
Industry
Motor Vehicles & Parts
CEO
Toshihiro Mibe
Website
Company Type
Public
Ticker
HMC
Revenues ($M)
$129,546.9
Profits ($M)
$6,294.2
Market Value ($M)
$45,050
Employees
204,035
Figures prepared in accordance with International Accounting Standards. Figures are for fiscal year ended March 31, 2022. Market value as of July 19, 2022.
Key Financials (Last Fiscal Year)
($ Millions)
% change
Revenues ($M)
$129,546.9
4.3%
Profits ($M)
$6,294.2
1.5%
Assets ($M)
$197,456.2
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Total Stockholder Equity ($M)
$86,260
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Profit Ratios
Profit as % of Revenues
4.9%
Profits as % of Assets
3.2%
Profits as % of Stockholder Equity
7.3%
World's Most Admired Companies
Sector
Transport
Industry
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Lists ranking Honda Motor