Industry

Honda profits up thanks to improving bike sales

Income more than doubles compared to last year

HONDA has announced its fourth-quarter financial results – and the firm says its consolidated operating income is 2.4 times greater than it was during the same period in 2011.

Given how tough the bike market has been, at least in Europe, it's surprising to note that Honda claims the improvements are “primarily due to motorcycle business, which marked record-high unit sales for any quarter”.

The good news is almost certainly down to the performance of Honda's bike arm in developing markets like India, China and elsewhere in Asia.

While the fourth quarter of Honda's financial year was good, the rest didn't look so great, with a total consolidated operating income down 59.4% at 231.3 billion yen (£1.77 billion). Honda blames decreased car production due to the Japanese earthquake and flooding in Thailand, plus increased R&D spending and the strong yen for the downturn.

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