Key Developments: Honda Motor Co Ltd (7267.T)

7267.T on Tokyo Stock Exchange

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3 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Honda Motor Co Ltd recalls another 1.39 mln US vehicles with Takata air bags - Reuters
Sunday, 14 Jun 2015 08:00pm EDT 

Honda Motor Co Ltd:Says it will recall an additional 1.39 million Accord and Civic sedans with potentially faulty front passenger-side air bags made by Takata Corp - Reuters.Says this will bring to about 2.3 million the number of Honda cars with front passenger-side air bags made by Takata that have been recalled.Says affected cars are the 2001 to 2005 Civic sedans and 2003 to 2007 Accord sedans sold in the United States.  Full Article

Honda Motor Co Ltd to recall 11,381 cars in India to replace air bags - Reuters
Friday, 15 May 2015 06:17am EDT 

Honda Motor Co Ltd:Says it's local unit will recall 11,381 vehicles in India to replace potentially faulty air bags, a day after it said it would recall 5 million vehicles for the same reason - Reuters.Honda Cars India Limited said it would replace the driver side air bag inflator of 10,805 Accord sedans made in the years from 2003 to 2007, and passenger side air bag inflator on 2004 models of 575 CR-V sports utility vehicles and one Civic sedan.The company said no incident relating to this had been reported in the country so far.  Full Article

Honda Motor Co Ltd to recall 4.8 mln more cars globally for Takata air bags - Reuters
Thursday, 14 May 2015 01:06am EDT 

Honda Motor Co Ltd:Says it would recall another 4.8 million cars globally to replace potentially fatal air bag inflators made by Takata Corp - Reuters.The recall comes a day after Toyota Motor Corp and Nissan Motor Co said they were taking back some 6.5 million vehicles worldwide after investigations showed the Takata airbag inflators were not properly sealed and so could be damaged by moisture.Honda has so far borne the brunt of the recalls linked to the Takata air bag inflators, which can erupt with too much force, spraying shrapnel inside the car.Six deaths have so far been linked to the defective air bags, all on cars made by Honda.  Full Article

Toyota Motor Corp, Nissan Motor Co Ltd and Honda Motor Co Ltd to expand Takata air bag recalls by millions - Reuters
Wednesday, 13 May 2015 07:20pm EDT 

Toyota Motor Corp and Nissan Motor Co:Says they are recalling some 6.5 million vehicles globally, while Honda Motor Co Ltd said it would follow suit, without giving details - Reuters.A U.S. Honda spokesman added, however, that any potential action would not affect cars that were sold in the United States.U.S. National Highway Traffic Safety Administration said Toyota and Nissan as well as Japanese government officials have been in contact with the U.S. safety agency over the last few days, and NHTSA will soon announce 'significant new steps' related to accelerating Takata recalls.Six deaths have been linked to the defective Takata airbags, all on cars made by Honda.Toyota and Nissan said their recalls were precautionary and that no accidents or injuries had been reported.The automakers said they had identified problems with inflators that were not sufficiently sealed and that were at risk of allowing in moisture during extended use.Toyota said it would recall just under 5 million Corolla, Vitz and other models, mostly in Japan and Europe.Many of the models were built between March 2003 and Nov. 2007, and include 1.36 million to be recalled in Japan.Nissan said it was recalling about 1.56 million cars globally over the same problem.Nissan said nine models in Japan were affected, including the X-Trail SUV, Fuga sedan and Isuzu Como van. It did not immediately provide details on models affected in other markets.  Full Article

Honda Motor Co Ltd gives FY 2016 revenue guidance above analysts' estimates, earnings below analysts' estimates
Tuesday, 28 Apr 2015 08:00am EDT 

Honda Motor Co Ltd:Expects FY 2016 sales revenue of 14,500 billion Yen (IFRS).FY 2016 operating profit of 651.6 billion Yen (IFRS).FY 2016 profit before income taxes of 689.6 billion Yen (IFRS).FY 2016 profit of 525 billion Yen (IFRS).FY 2016 earnings per share of 291.3 Yen (IFRS).FY 2016 revenue of 13,113 billion Yen, EBIT of 749.111 billion Yen, Pre-tax Profit of 766.8 billion Yen, net income of 669.3 billion Yen, EPS of 371 Yen - Thomson Reuters I/B/E/S.  Full Article

Honda Motor announces application of IFRS
Friday, 13 Mar 2015 02:00am EDT 

Honda Motor Co Ltd:To apply International Financial Reporting Standards (IFRS) as the new accounting method, to replace the current U.S Accounting Standards, starting from the financial report for fiscal year ending March 2015.  Full Article

Honda Motor announces change of president
Monday, 23 Feb 2015 01:00am EST 

Honda Motor Co Ltd:Appoints Takahiro Hachigo as president to replace Takanobu Ito.Planned effective in June.  Full Article

U.S. regulators recall 2.1 million vehicles made by Toyota Motor Corp, Fiat Chrysler Automobiles NV and Honda Motor Co Ltd in new air bag issue - Reuters
Saturday, 31 Jan 2015 12:32pm EST 

Honda Motor Co Ltd:U.S. federal safety regulators said three automakers will recall about 2.1 million older vehicles to fix defects that could cause air bags to deploy when they are not supposed to - Reuters.The vehicles involved in the recall announced by National Highway Traffic Safety Administration (NHTSA) are made by Toyota Motor Corp, Fiat Chrysler Automobiles NV and Honda Motor Co.There have been about 400 reported cases of inadvertent air bag deployments in the recalled vehicles, NHTSA Administrator Mark Rosekind said.The incidents have caused some minor injuries, but no known deaths.The recall concerned a defective chip in air bag systems and the fix involved replacing the entire air bag module, including circuits manufactured by parts maker TRW Automotive Holdings.The models affected were: 2002-2003 Jeep Liberty and 2002-2004 Jeep Grand Cherokees (about 750,000 vehicles); 2003-2004 Honda Odyssey; and 2003 Acura MDX (about 370,000 vehicles).And 2003-2004 Pontiac Vibe; Dodge Viper; and Toyota Corolla, Toyota Matrix, and Toyota Avalon (about 1 million vehicles, not all of which were sold in the United States.).  Full Article

Honda Motor Co Ltd announces quarterly dividend
Friday, 30 Jan 2015 08:00am EST 

Honda Motor Co Ltd:Resolves to make the quarterly dividend 22 Japanese Yen per share of common stock, the record date of which is Dec. 31.Total expected annual dividend per share of common stock for the fiscal year ending March 31, 2015, is 88 Japanese Yen per share.  Full Article

Honda Motor Co Ltd updates on FY 2015 guidance
Friday, 30 Jan 2015 08:00am EST 

Honda Motor Co Ltd:Sees FY 2015 Net sales and other operating revenue 12,900.0 billion Yen compared to previous forecasts of 12,750 billion Yen.Sees FY 2015 operating income 720.0 billion Yen compared to previous forecasts of 770 billion Yen.Sees FY 2015 net income 545.0 billion Yen compared to previous forecasts of 565.0 billion Yen.FY 2015 revenue of 12,712.59 billion yen and net income of 611.50 billion yen - Thomson Reuters I/B/E/S.  Full Article

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