Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal third quarter and the fiscal nine months ended December 31, 2008.

• Consolidated Financial Summary:

Results for Fiscal 3rd Quarter (3 month period from October 1, 2008 through December 31, 2008) Consolidated net sales and other operating revenue for the fiscal third quarter ended December 31, 2008 amounted to JPY 2,533.2 billion, a decrease of 16.8% compared to the same period a year ago, due to factors including the negative impact of currency translation and declined sales of automobile business.

Operating income amounted to JPY 102.4 billion, a decrease of 62.9% compared to the same period a year ago, due to the negative impact of currency effects, increased raw material costs, increased fixed costs per unit as a result of reduced production, and increased selling, general and administrative (SG&A) expenses.

Income before income taxes amounted to JPY 86.7 billion, a decrease of 66.7% compared to the same period a year ago, and net income amounted to JPY 20.2 billion, a decrease of 89.9% compared to the same period a year ago.

Source: http://world.honda.com/news/2009/c090130Financial-Summary/

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