Copyright FOURIN, Inc. 2023
Honda Motor’s Global Financial Results in FY 2021
Honda Motor's global consolidated financial results for FY 2021 were as follows: sales increased 10.5% year-on- year to ¥ 14.55 trillion JPY, and operating income went up 32.0% to 871.2 billion JPY. Although the shortage of semiconductors weakened sales and the prices of raw materials skyrocketed, cost reductions, incentive restraints and favorable foreign exchange fluctuation led to a significant increase in profits. Honda’s operating profit margin increased 1.0 pp to 6.0%. in addition, both operating profit and operating profit margin exceeded the pre-corona level.