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Honda Motor Co Ltd ADR HMC Stock Quote

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NYSE:HMC

Morningstar‘s Stock Analysis HMC

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A Weak Japanese Yen Boosts Honda's Fiscal 2023 Second Quarter Despite Chip Shortage Headwinds

Analyst Note

| David Whiston, CFA, CPA, CFE |

Honda’s fiscal 2023 second quarter benefited from the Japanese yen being at an over 30-year low against the U.S. dollar, but EPS growing 14.8% year over year to JPY 110.85 still missed Refinitiv consensus of JPY 122.71. The chip shortage also led Honda to reduce its full-year consolidated auto sales forecast by 100,000 units to 4.1 million.

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Company Profile HMC

Business Description

Incorporated in 1948, Honda Motor was originally a motorcycle manufacturer. Today, the firm makes automobiles, motorcycles, and power products such as boat engines, generators, and lawnmowers. Honda sold 21.1 million cars and motorcycles in fiscal 2022 (4.1 million of which were autos), and consolidated sales were JPY 14.6 trillion. Automobiles constitute 63% of revenue and motorcycles 15%, with the rest split between power products and financial services. Honda also makes robots and private jets.

Contact
Number 1-1, Minami-Aoyama 2-chome, Minato-ku
Tokyo, 107-8556, Japan
T +81 334231111
Sector Consumer Cyclical
Industry Auto Manufacturers
Most Recent Earnings Sep 30, 2022
Fiscal Year End Mar 31, 2023
Employees 204,035

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