Honda Motor ADR


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SKU: HMC Category:


Honda Motor delivered a disappointing set of results as it was unable to meet the revenue and earnings expectations of Wall Street. The motorcycle businesses experienced high profits, while the automotive sector saw improved profitability, particularly in North America. The operating profit increased. Despite challenges in the Chinese and Asian markets, Honda’s team plans to revise its sales revenue, operating profit, and profit for the period forecasts for FY 2024, considering strengthened profitable structures and foreign currency impacts. In the United States, Honda experienced solid demand with a secured semiconductor supply, leading to higher year-on-year results. However, increased competition in the new energy vehicle market negatively affected the outcome in China. They also outlined plans for electrification, including the launch of new EVs and collaborations with BMW, Ford, and Mitsubishi Corporation for energy services and management businesses. The motorcycle business reported higher performance in Indonesia and Europe but faced challenges in Vietnam and China.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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