Unidentified Company Speaker: Welcome to the Honda Financial Results Audio Presentation. On April 26, 2013, Honda Motor Company announced its financial results for the Fiscal Fourth Quarter and Full Year which ended on March 31, 2013. Through this audio presentation, we would like to review the financial results and highlight the major factors which influenced Honda's business operations during the period.
The presentation material, which will serve as the basis for today's program, is available on Honda's Investor Relations website at http.//world.honda.com/investors. For those of you, who have not yet downloaded the material, please do so now, as we will start immediately following our forward-looking statement.
This audio presentation contains forward-looking statements as defined in Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. Such statements are based on management's assumptions and beliefs taking into account information which is currently available.
Therefore, please be advised that Honda's actual results could differ materially from those described in these forward-looking statements as a result of numerous factors including general economic conditions in Honda's principal markets, and foreign exchange rates between the Japanese yen and the U.S. dollar, the euro and other major currencies, as well as other factors detailed from time to time. The various factors for increases and decreases in income have been classified in accordance with a method that Honda considers reasonable.
Now the financial summary. We would now like to review the financial summary for the full fiscal year which ended on March 31.
Please refer to Slide 3. Honda realized a major recovery from the great east Japan earthquake and Thai flooding. New vehicle introductions and other measures led to a large increase in automobile sales predominantly in North America, Asia and Japan, resulting in operating income of JPY544.8 billion, an increase of 135.5%.
With respect to Group Motorcycle unit sales, a decline in Brazil within the other regions category was more than offset by growth in Asia and North America, leading to a total of 15.5 million units or a 2.9% increase.
Within Automobile operations, all regions recorded production gains compared to a year earlier, when the Japan earthquake and Thai flooding caused supply network disruptions. The production total for the fiscal year was 4,014,000 units, a 29.2% rise.
In Power Product operations, growth was realized in North America, Asia and other regions, leading to unit sales of 6,071,000, a 4.3% increase.
Financial highlights for the fiscal year, net sales and other operating revenue totaled JPY9.878 trillion, a 24.3% increase. This was mostly due to growth in Automobile business operations, as well as a rise in net sales due to foreign exchange fluctuations.
Operating income rose to JPY544.8 billion, a 135.5% increase due to a rise in unit sales incremental fixed costs associated with higher production, cost reduction efforts, as well as the positive impact from the weaker yen.