Key Developments: Honda Motor Co Ltd (HMC)

HMC on New York Consolidated

34.17USD
17 Apr 2014
Price Change (% chg)

$-0.39 (-1.13%)
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$34.56
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$42.96
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Latest Key Developments (Source: Significant Developments)

NIDEC CORP to Acquire Hongda Elesys Co., Ltd. from Honda Motor Co Ltd, NISSIN KOGYO CO LTD and SHOWA CORP
Wednesday, 30 Oct 2013 02:00am EDT 

NIDEC CORP announced that it has decided to fully acquire Hongda Elesys Co., Ltd., which is 60.8%-owned by Honda Motor Co Ltd, 33.4%-owned by NIDEC CORP, 2.9%-owned by SHOWA CORP and 2.9%-owned by NISSIN KOGYO CO LTD, by the end of March 2014. The transaction amount is not disclosed.  Full Article

Honda Motor Co Ltd Amends Full-year Consolidated Outlook for FY 2014
Wednesday, 30 Oct 2013 02:00am EDT 

Honda Motor Co Ltd announced that it has reaffirmed its full-year consolidated outlook for revenue of JPY 12,100,000 million, operating profit of JPY 780,000 million, net profit of JPY 580,000 million, and earnings per share of JPY 321.81, and lowered its full-year consolidated outlook for ordinary profit from JPY 780,000 million to JPY 765,000 million, for the fiscal year ending March 31, 2014. This is due to the loss on valuation of derivatives. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 11,870,430 million, operating profit of JPY 827,850 million and net profit of JPY 611,360 million, for the same fiscal year.  Full Article

Honda Motor Co Ltd's Subsidiary Builds New Transmission Plant in Mexico - AsahiShimbun
Tuesday, 24 Sep 2013 08:00pm EDT 

AsahiShimbun reported that Honda Motor Co Ltd's subsidiary in Mexico has started construction of a new transmission plant in the city of Celaya.  Full Article

Honda Motor Co Ltd to Recall 405,389 Cars Produced in North America- Nikkei
Saturday, 21 Sep 2013 11:49am EDT 

Nikkei reported that Honda Motor Co Ltd announced on September 21, 2013 that it will recall 405,389 cars produced in North America, including sports utility vehicle MDX from 2003 model year and minivan Odyssey from 2003 and 2004 model years, in Japan, the United States, Canada and Australia. The Company is recalling the vehicles to fix airbags that could be deployed inadvertently.  Full Article

Honda Motor Co Ltd Establishes Nigeria-based Subsidiary-Jiji Press
Tuesday, 17 Sep 2013 08:00pm EDT 

Jiji Press reported that Honda Motor Co Ltd announced that it has established Nigeria-based subsidiary, which will be engaged in the import and sale of passenger car.  Full Article

Honda Motor Co Ltd To Increase Output Capacity By 30% In India-Business Standard
Tuesday, 3 Sep 2013 08:07pm EDT 

Business Standard reported that according the Nikkei report Honda Motor Co Ltd plans to increase its motorcycle production capacity in India by 30% by 2016, aiming to catch up with market and former joint venture partner Hero MotoCorp Ltd. The business daily said that The Company will build a fourth plant, likely to be in the western state of Gujarat, at a cost of about JYP20 billion. Honda's output capacity in India will rise by 1.2 million to 5.8 million units once the plant starts producing.  Full Article

Toyota Motor Corp, Nissan Motor Co Ltd, Honda Motor Co Ltd and Mitsubishi Motors Corp Agree to Joint Development of Charging Infrastructure- ENP Newswire
Tuesday, 6 Aug 2013 08:00pm EDT 

ENP Newswire reported that Toyota Motor Corp, Nissan Motor Co Ltd, Honda Motor Co Ltd and Mitsubishi Motors Corp jointly announced their agreement to work together to promote the installation of chargers for electric-powered vehicles (PHVs, PHEVs, EVs) and build a charging network service that offers more convenience to drivers in Japan. Assisted by subsidies provided by the Japanese government, the four automakers will bear part of the cost to install the charging facilities. They will also work together to build a convenient and accessible charging network in collaboration with companies that are already providing charging services in which each of the four automakers already have a financial stake.  Full Article

Nihon Plast Co Ltd Completes Share Repurchase from Honda Motor Co Ltd
Monday, 5 Aug 2013 09:00pm EDT 

Nihon Plast Co Ltd announced that it has completed to repurchase 4,000,000 shares for JPY 2,200,000,000 in total, from Honda Motor Co Ltd, on August 6, 2013. As a result, the top shareholder, Honda Motor Co Ltd, is no longer holding any share of Nihon Plast, down from 4,000,000 shares (24.59% voting rights).  Full Article

Honda Motor Co Ltd Declares Dividend
Wednesday, 31 Jul 2013 07:00am EDT 

Honda Motor Co., Ltd., announced that it has declared quarterly dividend JPY20 per share of common stock, the record date of which is June 30, 2013. The total expected annual dividend per share of common stock for the fiscal year ending March 31, 2014, is JP 80 per share.  Full Article

Honda Motor Co Ltd Opens New Domestic Plant -Nikkei
Tuesday, 9 Jul 2013 08:00pm EDT 

Nikkei reported that Honda Motor Co Ltd announced that it has placed a factory in Yorii, Saitama Prefecture, into service, which is its first new domestic plant in 23 years. The facility employs roughly 2,000 and is capable of turning out 250,000 vehicles annually. Workers started assembling Freed minivans there, with production of the next-generation Fit scheduled to begin in autumn 2013. The operation will lift Honda's domestic capacity to 1 million vehicles a year.  Full Article

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