Honda, a major automobile manufacturer, posted an increase in the final profit of the entire group last year, exceeding 600 billion yen.
Although the number of vehicles sold decreased due to the impact of the new coronavirus, profits increased due to cost reductions.
Last year's financial results announced by Honda on the 14th showed that the sales of the entire group decreased by 11% from the previous year to 13,170.5 billion yen, and the final profit increased by 44% to 657.4 billion yen.
Although the number of vehicles sold fell below the previous year due to the impact of the new coronavirus, profits increased as a result of cost reductions such as reducing sales incentives, which are the source of discounts.
On the other hand, although sales are expected to pick up mainly in the United States and China this year, the final profit is expected to decrease somewhat from last year to 590 billion yen due to the shortage of semiconductors and soaring raw materials such as rare metals used for parts. ..
"We expect the impact of the semiconductor shortage to continue, and we will continue to work to minimize it, but the situation is fluid," Vice President Seiji Kuraishi said in an online press conference.
Mazda also announces financial results
On the other hand, Mazda also announced its financial results last year on the 14th, and the spread of the new corona infection affected sales, and the sales of the entire group decreased by 16% from the previous year to 2,882 billion yen, and the final profit and loss was 31.6 billion yen. It became a deficit of the yen.