Honda Motor (HMC) Swings to Q4 Loss
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Honda's Consolidated Financial Summary for the Fiscal 4th Quarter and the Fiscal Year ended March 31, 2016
May 13, 2016 5:17 AM EDTTOKYO, May 13, 2016 - (ACN Newswire) - Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal year and the fiscal fourth quarter ended March 31, 2016.Consolidated operating profit for the fiscal year (April 1, 2015 through March 31, 2016) amounted to 503.3 billion yen, a decrease of 24.9% compared to the previous fiscal year, due to profit-reducing factors such as an increase in selling, general and administrative (SG&A) expenses that include quality-related expenses and unfavorable currency effects. This was despite profit-increasing factors such as an increase in profit related to the full model change of key models in North... More
