Announces up to 300 bln yen share buyback (Il Sole 24 Ore Radiocor) - Tokyo, 10 May - Japanese car and motorcycle maker Honda said that in the year ended in March its sales revenue rose 20.8% to 20.429 trillion yen mainly due to increased sales in the automobile sector and positive currency translation.

In the car division, a decrease in China was offset by stable demand in the US.

Operating profit increased by 77% to 1.382 trillion yen due to improvement in Price/Cost impacts, and the increase in unit sales of automobiles and motorcycles.

Net profit rose by 70% to 1.107 trillion yen.

For the fiscal year ending in March 2025, Honda expects sales of 20.3 trillion yen, an operating profit of 1.42 trillion, and a bottom line of 1.0 trillion.

Honda also announced an up to 300 billion yen share buyback starting on May 13, 2024 and ending on March 31, 2025. It also announced a full year dividend of 68 yen per share, up from 40 yen per share a the earlier year.

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(RADIOCOR) 10-05-24 11:02:07 (0266) 5 NNNN