Honda Motor Co., Ltd., has announced its consolidated financial results for the fiscal third quarter which ended December 31, 2013.

Honda’s consolidated net income attributable to Honda Motor Co., Ltd. for the fiscal third quarter ended December 31, 2012 totaled $894 million, an increase of 62.5% from the same period last year. Basic net income attributable to Honda Motor Co., Ltd. per common share for the quarter amounted to $0.50, an increase of $0.19 for the corresponding period last year. Continue Reading »

A drop in net sales, an appreciating yen and the fallout from the March 11 earthquake and tsunamis in Japan contributed to a 4.6% drop in profit for Yamaha Motor Co. over the second quarter of 2011.

Over the quarter ended June 30, 2011, Yamaha saw a 5.9% drop in net sales compared to the same period in 2010.Yamaha reports sales of 344.5 billion yen (US$4.48 billion) over the second quarter, compared to the 366.3 billion yen (US$4.77 billion) reported in the same quarter in 2010. Yamaha’s second quarter net income totaled 15.5 billion yen (US$201.6 million), a 4.9% drop from the 16.2 billion yen (US$210.7 million) reported last year.

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Honda reported a 88.3% year-on-year decrease in net profit over its first quarter ended June 30, 2011, thanks in large part to the March 11 earthquake and ensuing tsunamis in Japan.

Honda reported a profit of 31.7 billion yen (US$411.1 million) over the quarter, a fraction of the 272.4 billion yen (US$3.53 billion) reported over the same quarter last year.  The decrease came mainly from a large dropoff in automobile sales.

Net sales from the motorcycle division helped keep Honda in the black despite a drop in unit sales. Honda reported a net income of 44.9 billion yen (US$582.4 million), a 43.5% increase from the net sales of 31.3 billion yen (US$406.1 million) from the same period last year. Unit sales were down 4.7% to 2.75 million units from 2.89 million units, but Honda was able to increase profits thanks to changes in its product offerings.

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Ducati North America announced  a 61% increase in sales over the second quarter of 2011 compared to the same period in 2010.

Following the 68% increase reported from the first quarter, Ducati can claim four consecutive quarters of year-on-year increases in North America. Over the first six months of 2011, Ducati‘s North American sales are up 63% from the first half of 2010, with over 5,200 new motorcycles registered.

Ducati says it saw growth across its product lineup, especially with the Multistrada 1200, the new Diavel, the 848EVO and the Monster 796

[Source: Ducati]

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Ducati North America Reports Q1 2011 Results

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Polaris Industries reported a 99% increase in on-road vehicle (i.e. Victory Motorcycles) sales, and a 90% increase in overall net income over the second quarter of 2011.

For the quarter ended June 20, 2011, Polaris reported $30.9 million in product sales from its on-road division which consists primarily of Victory Motorcycles. That is nearly double the $15.5 million reported in the same quarter of 2010.

Victory’s North American unit sales were up 40% over the second quarter, while the rest of the heavyweight cruiser and touring industry saw only a single-digit increase in U.S. sales. Sales outside of North America increased by 34%.

Overall, Polaris reported all-time record second quarters in both sales ($607.9 million) and net income ($48.7 million).

[Source: Polaris]

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Polaris Reports Q1 2011 Results

Harley-Davidson reported a net income of $190.6 million over the second quarter of 2011, thanks to the first year-on-year quarterly improvement in the U.S. market in nearly five years.

For the three months ended June 26, 2011, Harley-Davidson’s operating income totaled $301.9 million, a 38.0% increase from the $218.8 million reported in the same period of 2010. The increase can be attributed to an 18.0% increase in motorcycle sales revenue and a decrease in expenses from Harley-Davidson Financial Services.

Worldwide retail sales of Harley-Davidson motorcycles totaled 83,396 units, a 5.6% increase from the second quarter of 2010. U.S. sales totaled 53,599 units, a 7.5% increase from the 49,841 units sold in 2010. This represents Harley-Davidson’s first year-over-year quarterly increase in the U.S. since the fourth quarter of 2006.

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