Honda Motor Co., Ltd. announced that in the first half of the current fiscal year, it achieved its seventh consecutive all-time record for consolidated net sales and other operating revenue (herein referred to as “revenue”) due to increased sales revenue in all business areas. Operating income increased and set an all-time record for a first half result due to increased profit from higher revenue, cost reduction effects, and positive currency effects of the depreciation of the Japanese Yen, despite the soaring raw materials costs and higher depreciation expenses and an increase in selling, general and administrative (SG&A) expenses and research and development (R&D) expenses. Honda also achieved all-time record results for first half results for income before income taxes, equity in income of affiliates, and net income.
At the board of directors meeting held today, Honda resolved to pay 22 yen per share for the fiscal second quarter dividend with the record date of September 30, 2007. With the fiscal first quarter dividend of 20 yen and the planned third and fourth quarter dividend of 22 yen each, the total dividend to be paid for the entire fiscal year will be 86 yen per share.
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