Honda motor co., ltd. (hmc:nyse) announced its consolidated financial summary for the fiscal 1st quarter ended june 30, 2022 and forecasts for the fiscal year ending march 31, 2023

Tokyo , aug. 10, 2022 /prnewswire/ -- despite some unfavorable factors such as a decrease in automobile unit sales due to the semiconductor supply shortage and the lockdown of shanghai, and an increase in the cost of raw materials, consolidated operating profit for the fiscal first quarter ended june 30, 2022, amounted to 222.2 billion yen (a year-on-year decrease by 20.9 billion yen), securing operating profit margin equivalent to that of the same period last year. this was due primarily to the effect of changes in sales prices and costs, a reduction of incentives and favorable currency effects.
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