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Honda's Consolidated Financial Summary for the Fiscal Q1 Ended June 30, 2020 and Forecasts for the FY Ending March 31, 2021

Wednesday, August 5, 2020 - 10:45am

Consolidated Financial Summary and category of business results for the Fiscal 1st Quarter ended June 30, 2020

Key Points: 
  • Consolidated Financial Summary and category of business results for the Fiscal 1st Quarter ended June 30, 2020
    - Sales revenue: 2,123.7 billion yen (a year-on-year decrease by 46.9%) due primarily to a decrease in sales revenue from all businesses.
  • - Loss before income taxes: 73.4 billion yen
    The impact of the COVID-19 is estimated to be approximately 440.0 billion yen.
  • - Loss for the period attributable to owners of the parent: 80.8 billion yen (a year-on-year decrease by 253.1 billion yen).
  • Operating loss: 195.8 billion yen (a year-on-year decrease by 316.2 billion yen) due primarily to a decrease in unit sales.

CATL and Honda Sign Agreement to Form Comprehensive Strategic Alliance on Batteries for New Energy Vehicles

Monday, July 13, 2020 - 4:48am

China, July 13, 2020 - (JCN Newswire) - Contemporary Amperex Technology Co., Limited (CATL) and Honda have signed an agreement to form a comprehensive strategic alliance on new energy vehicle batteries to strengthen their strategic partnership and promote the popularization of electrified vehicles.

Key Points: 
  • China, July 13, 2020 - (JCN Newswire) - Contemporary Amperex Technology Co., Limited (CATL) and Honda have signed an agreement to form a comprehensive strategic alliance on new energy vehicle batteries to strengthen their strategic partnership and promote the popularization of electrified vehicles.
  • CATL will provide stable supply of NEV batteries to Honda, mainly for battery electric vehicles (BEVs).
  • Honda has acquired approximately 1% of CATL shares through the non-public issuance of stocks, which makes Honda a leading strategic partner of CATL.
  • Based on this alliance, the two companies will strengthen initiatives to further popularize electrified vehicles and establish a long-term relationship.