Honda Motor reported earnings results for the third quarter ended December 31, 2015. For the quarter, profit for the period attributable to owners of the parent for the fiscal third quarter ended December 31, 2015 totaled JPY 124.1 billion, a decrease of 18.5% from the same period last year. Earnings per share attributable to owners of the parent for the quarter amounted to JPY 68.91, a decrease of JPY 15.65 from JPY 84.56 for the corresponding period last year. Consolidated sales revenue for the quarter amounted to JPY 3,617.2 billion, an increase of 3.4% from the same period last year, due primarily to increased revenue in automobile and financial services business operations. Consolidated operating profit for the quarter amounted to JPY 163 billion, a decrease of 22.3% from the same period last year, due primarily to increased SG&A expenses, including quality related expenses and unfavorable foreign currency effects, despite an increase in profit attributable to increased sales revenue and model mix, and continuing cost reduction efforts. Consolidated profit before income taxes for the quarter totaled JPY 200.8 billion, a decrease of 24.0% from the same period last year.

For the fiscal 2016, the company trimmed its sales outlook to JPY 14.55 trillion for the current financial year through March, from JPY 14.6 trillion estimated in November. The company maintained its net profit forecast at JPY 525 billion and operating profit outlook at JPY 685 billion for the year. Profit before income taxes of JPY 805.0 billion. Basic and diluted earnings per share of JPY 291.30.