HMC » Topics » Unconsolidated Financial Results (compared with the forecast announced on April 25, 2008, which was not revised on July 25, 2008)

This excerpt taken from the HMC 6-K filed Oct 28, 2008.

Unconsolidated Financial Results (compared with the forecast announced on April 25, 2008, which was not revised on July 25, 2008)

Due mainly to the negative impact of decreased revenue, model mix, etc. in motorcycle, automobile and power product businesses and the negative currency effects for the fiscal year ending March 31, 2009, more than offsetting the positive impact of decreased SG&A expenses, net sales, operating income, ordinary income and net income are now expected to be below the forecast announced on April 25, 2008.

The assumption of the average exchange rates for the fiscal year ending March 31, 2009 at which these forecasts are based on was changed to ¥ 103 = U.S.$1 from ¥ 100 = U.S.$1 and to ¥ 145 = Euro 1 from ¥ 155 = Euro 1.

 

  * For more detail, please refer to the “consolidated financial summary for the fiscal second quarter and the fiscal first half ended September 30, 2008” and the “unconsolidated financial forecasts for the fiscal year ending March 31, 2009 (Parent company only)” included in the “consolidated financial results for the fiscal second quarter and the first half ended September 30, 2008”

  (URL http://world.honda.com/investors/) announced by the Company on the same date hereof.

 

  * These “forward-looking statements” of Honda are based on management’s assumptions and beliefs taking into account information currently available to it. Therefore, please be advised that Honda’s actual results could materially differ 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.
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