Honda reports a 12.5% increase in motorcycle sales over its first quarter ended June 30, 2012. The quarter represents a return to form following last year’s opening quarter which faced the financial fallout from last March’s earthquakes and tsunami in Japan.
The difference is most apparent when looking at the company’s bottom line. Honda reported a net income of 131.7 billion yen (US$1.69 billion) in the first quarter of 2012 compared to a net income of 31.7 billion reported for the same quarter of 2011.
Honda sold 3.91 million motorcycles (including 29,000 ATVs) over the first quarter, compared to only 3.48 million units in the quarter the previous year. Continue Reading »