Operating profit fell by 40.2% year-over-year to JPY 170.1 billion, mainly due to a drop in profit attributable to lower sales revenue and model mix.
Sales revenues increased across all business segments except for Automobile, which saw a slight drop from last year to JPY 2.8 trillion. The company also posted sales growth across all geographies except for Asia and Other Regions which saw declines.
Honda Q2 2019 Earnings: Motorbike giant speeds through results
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For the full year of 2019, Honda expects sales revenue to increase 3.2% from 2018 to JPY 15.8 trillion. Profit attributable to owners of the parent is expected to drop 34.4% to JPY 695 billion. Diluted EPS is expected to be JPY 393.99.
The company declared a dividend of JPY 28 per common share for the third quarter. The total expected annual dividend per share of common stock is JPY 111 per share.