Honda reports good results despite earthquake

Despite the impacts of the Great East Japan Earthquake that occurred on March 11, 2011 and the unfavorable currency effects due to appreciation of the Japanese yen, consolidated operating income for the fiscal fourth quarter (January 1, 2011 through March 31, 2011) was 46.2 billion yen primarily due to the expansion of motorcycle and automobile businesses in emerging markets and the contribution of financial business in North America.

Consolidated operating income, income before income taxes, and equity in income of affiliates for the fiscal year 2011 (April 1, 2010 through March 31, 2011) increased considerably compared to the last fiscal year, primarily due to increased unit sales in motorcycle, automobile and power product businesses and continuing cost reduction efforts, offsetting the impacts of the Great East Japan Earthquake, the unfavorable currency effects due to Japanese yen appreciation, and increased R&D expenses. Net income was 534.0 billion yen, which almost doubled from the last fiscal year.