Honda reports a 20.0% year-on-year increase in motorcycle and ATV sales over the second quarter ended Sept. 30, 2011. Despite a record second quarter for motorcycle sales, Honda saw a drop in net profit due to struggling auto sales and the aftereffects of the Japanese earthquake in March and flooding in Thailand.
According to its second quarter 2011-2012 report, Honda sold 3.28million motorcycles, a new second quarter record. By comparison, Honda sold 2.73 million motorcycles in the same quarter last year.
Motorcycles generated 38.9 billion yen (US$498.7 million) in operating income, a 29.6% increase from the same quarter last year. Despite the strong performance from its motorcycle division, Honda saw a 55.5% drop in net income, taking in 60.4 billion yen (US$774.3 million) over the quarter, compared to 135.4 billion yen (US$1.74 billion) reported last year. Honda attributes the decrease to parts shortages created by the March earthquake and tsunami, as well as a strong yen.
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