Earnings Labs

Honda Motor Co., Ltd. (HMC)

Q1 2014 Earnings Call· Wed, Jul 31, 2013

$24.21

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Same-Day

-0.51%

1 Week

+3.39%

1 Month

-3.23%

vs S&P

-0.23%

Transcript

Unknown Executive

Management

Welcome to the Honda Financial Results Audio Presentation. On July 31, 2013, Honda Motor Company announced its financial results for the fiscal first quarter, which ended on June 30, 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 the forward-looking statement. 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 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 the method that Honda considers reasonable. Financial summary. We would now like to review the financial summary for the fiscal first quarter, which ended on June 30. Please refer to Slide 3. Operating income for the first quarter was JPY 184.9 billion, a 5.1% increase compared to the same period last year. A number of factors, including a decrease in sales volume and model mix, had a negative impact on earnings, but currency effects due to…