Risk of Fluctuations in Economic Conditions and Demand in Global Markets
First written in FY2016. 13 of 30 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2022: 129 of 170 companies on the "Worse" side.
- FY2026MaterialisedAnnual report
「Revenue from external customers in the automobile business declined 2.2% year on year to ¥13.8633 trillion, due mainly to lower consolidated unit sales and the negative impact of foreign currency translation. Although higher selling prices and cost factors increased profit, operating loss amounted to ¥1.4111 trillion, a deterioration of ¥1.6549 trillion from the previous fiscal year, due mainly to EV-related losses and the impact of tariffs.」
Market conditions and demand fluctuation risks materialized as a 4.5% decline in automobile unit sales, a 2.2% decline in revenue and an operating loss of ¥1.4111 trillion. - FY2026-H1MaterialisedAnnual report
「The slowdown in the growth of the electric vehicle (EV) markets in North America, Europe and other regions has affected the Company and some consolidated subsidiaries through lower-than-expected EV unit sales and higher sales incentives.」
The slowdown in EV market growth has appeared in actual performance through lower EV unit sales, higher sales incentives and an operating loss in the automobile business. - FY2025MitigatedAnnual report
「Consolidated revenue for the fiscal year increased 6.2% year on year to ¥21.6887 trillion, due mainly to growth in the motorcycle business and the positive impact of foreign currency translation.」
Despite continued market and demand fluctuation risks, consolidated revenue increased 6.2%, due mainly to growth in the motorcycle business and other businesses. However, Honda Group automobile unit sales declined 9.6%. - FY2025-H1MitigatedAnnual report
「Consolidated revenue for the interim period increased 12.4% year on year to ¥10.7976 trillion, due mainly to growth in the motorcycle and automobile businesses and the positive impact of foreign currency translation.」
Consolidated revenue increased 12.4% year on year due mainly to growth in the motorcycle and automobile businesses, indicating that the impact of economic and demand fluctuation risks in global markets on overall performance had eased. However, Honda Group unit sales declined 8.0% for automobiles and 9.5% for power products, and the disclosure does not state that demand fluctuations have been eliminated across all businesses. - FY2024MitigatedAnnual report
「Consolidated revenue for the fiscal year increased 20.8% year on year to ¥20.4288 trillion, due mainly to growth in the automobile business and the positive impact of foreign currency translation.」
The impact of market and demand fluctuation risks on performance eased as the COVID-19 pandemic subsided and semiconductor shortages were resolved, and consolidated revenue increased 20.8%. - FY2024-Q3MitigatedAnnual report
「Consolidated revenue for the first nine months increased 19.8% year on year to ¥14.9994 trillion, due mainly to growth in the automobile business and the positive impact of foreign currency translation.」
Consolidated revenue increased 19.8% year on year, indicating a recovery trend in overall performance. However, Honda Group motorcycle unit sales declined 2.3% and power products unit sales declined 38.2%; the disclosure does not state that demand fluctuations have been eliminated across all businesses. - FY2024-Q2MitigatedAnnual report
「Consolidated revenue for the first six months increased 18.9% year on year to ¥9.6093 trillion, due mainly to growth in the automobile business and the positive impact of foreign currency translation.」
Consolidated revenue increased 18.9% year on year, indicating a recovery in overall performance despite demand fluctuation risks in global markets. However, consolidated motorcycle unit sales declined 5.3% and power products unit sales declined 37.8%; the disclosure does not state that demand fluctuations have been eliminated across all businesses. - FY2024-Q1MitigatedAnnual report
「Consolidated revenue for the first quarter increased 20.8% year on year to ¥4.6249 trillion, due mainly to growth in the automobile business and the positive impact of foreign currency translation.」
Consolidated revenue increased 20.8% year on year, indicating a recovery in overall performance, led mainly by the automobile business. However, consolidated motorcycle unit sales declined 3.4% and power products unit sales declined 36.4%; the disclosure does not state that demand fluctuations have been eliminated across all businesses. - FY2023MitigatedAnnual report
「Consolidated revenue for the fiscal year increased 16.2% year on year to ¥16.9077 trillion, due mainly to growth in the motorcycle business and the positive impact of foreign currency translation.」
Despite continued market and demand fluctuation risks, consolidated revenue increased 16.2%, driven mainly by the motorcycle business. However, unit sales declined in both the automobile and power products businesses. - FY2023-Q3MitigatedAnnual report
「Consolidated revenue for the first nine months of the current fiscal year increased 17.3% year on year to ¥12.5234 trillion, reflecting an increase in the motorcycle business and the positive impact of foreign currency translation.」
Consolidated revenue increased 17.3% year on year, indicating a recovery trend in overall performance. However, Honda Group unit sales of automobiles declined 8.7% and consolidated unit sales declined 4.5%; the disclosure does not state that demand fluctuations have been eliminated across all businesses. - FY2023-Q2MitigatedAnnual report
「Consolidated revenue for the first six months of the current fiscal year increased 15.7% year on year to ¥8.0853 trillion, reflecting an increase in the motorcycle business and the positive impact of foreign currency translation.」
Consolidated revenue increased 15.7% year on year, indicating a recovery trend in overall results from the previous fiscal year. Meanwhile, consolidated automobile unit sales decreased 7.5% year on year, and the disclosure does not indicate that demand fluctuations have been fully resolved. - FY2022MitigatedAnnual report
「Consolidated revenue for the fiscal year increased 10.5% year on year to ¥14.5526 trillion, reflecting increases in the motorcycle and financial services businesses and the positive impact of foreign currency translation.」
Despite continuing market and demand fluctuation risks, consolidated revenue increased 10.5% due to increases in the motorcycle and financial services businesses, among others. - FY2022-Q3MitigatedAnnual report
「Restrictions on employee attendance at workplaces and the impact on production activities at production sites from delays in parts supplies in the supply chain, as well as store closures, shorter business hours and reduced inspection and repair operations, have resulted from the implementation of activity restrictions in certain countries and regions. However, these factors have not had a material impact on the Group's results. Consolidated revenue for the first nine months of the current fiscal year increased 11.8% year on year to ¥10.6770 trillion, reflecting increases in the motorcycle and financial services businesses and the positive impact of foreign currency translation.」
Activity restrictions, delays in parts supplies and operating restrictions at dealerships continue to occur, but the disclosure states that they have not had a material impact on the Group's results. Consolidated revenue also increased 11.8% year on year. - FY2022-Q2MitigatedAnnual report
「Restrictions on employee attendance at workplaces and the impact on production activities at production sites from delays in parts supplies in the supply chain, as well as store closures, shorter business hours and reduced inspection and repair operations, have resulted from the implementation of activity restrictions in certain countries and regions. However, these factors have not had a material impact on the Group's results. Consolidated revenue for the first six months of the current fiscal year increased 21.0% year on year to ¥6.9882 trillion, reflecting increases across all businesses and other factors.」
Activity restrictions, supply delays and operating restrictions at dealerships continue to occur, but the disclosure states that they have not had a material impact on results. Consolidated revenue increased 21.0% year on year due to increases across all businesses. - FY2022-Q1MitigatedAnnual report
「Restrictions on employee attendance at workplaces and the impact on production activities at production sites from delays in parts supplies in the supply chain, as well as store closures, shorter business hours and reduced inspection and repair operations, have resulted from the implementation of activity restrictions in certain countries and regions. However, these factors have not had a material impact on the Group's results. Consolidated revenue for the first quarter of the current fiscal year increased 68.7% year on year to ¥3.5838 trillion, reflecting increases across all businesses and other factors.」
Activity restrictions, supply delays and operating restrictions at dealerships continue to occur, but the disclosure states that they have not had a material impact on results. Consolidated revenue also increased 68.7% year on year due to increases across all businesses. - FY2021WorsenedAnnual report
「Consolidated revenue for the fiscal year decreased 11.8% year on year to ¥13.1705 trillion, reflecting decreases across all businesses and other factors.」
Against a backdrop including COVID-19 and semiconductor supply shortages, revenue across all businesses decreased 11.8% year on year, with market and demand fluctuation risks reflected in full-year results. - FY2021-Q3MaterialisedAnnual report
「Consolidated revenue for the first nine months of the current fiscal year decreased 16.8% year on year to ¥9.5467 trillion, reflecting decreases across all businesses and other factors.」
Although the economy was on a recovery trend, consolidated revenue decreased 16.8% year on year due to declines across all businesses, indicating that demand fluctuation risks in global markets continued to affect results. - FY2021-Q2MaterialisedAnnual report
「Consolidated revenue for the first six months of the current fiscal year decreased 25.2% year on year to ¥5.7751 trillion, reflecting decreases across all businesses and other factors.」
Risks related to the global economic slowdown and demand fluctuations were reflected in a 25.2% decline in revenue across all businesses, a 35.1% decline in consolidated motorcycle unit sales and a 37.1% decline in consolidated automobile unit sales. - FY2021-Q1MaterialisedAnnual report
「Consolidated revenue for the first quarter of the current fiscal year decreased 46.9% year on year to ¥2.1237 trillion, reflecting decreases across all businesses and other factors.」
The global economic slowdown and lower demand across the businesses were reflected in a 46.9% year-on-year decline in consolidated revenue. Decreases were reported in all businesses: motorcycles, automobiles, financial services and life creation. - FY2020MaterialisedAnnual report
「Consolidated unit sales for the fiscal year decreased 11.5% year on year to 3.318 million units, due mainly to declines in all regions.」
Demand fluctuations in global markets were reflected in an 11.5% decline in automobile unit sales and a 6.0% decline in consolidated revenue. The disclosure also mentions an economic slowdown in the fourth quarter due to COVID-19. - FY2020-Q3MaterialisedAnnual report
「Consolidated revenue for the first nine months of the current fiscal year decreased 3.1% year on year to ¥11.4729 trillion, reflecting a decrease in the automobile business and the negative impact of foreign currency translation, despite increases including in the financial services business.」
The decrease in the automobile business and other factors were reflected in a 3.1% year-on-year decline in consolidated revenue. Unit sales in the motorcycle, automobile and life creation businesses also declined year on year. - FY2020-Q2MaterialisedAnnual report
「Consolidated revenue for the first six months of the current fiscal year decreased 1.8% year on year to ¥7.7253 trillion, reflecting decreases in the automobile, motorcycle, life creation and other businesses and the negative impact of foreign currency translation, despite an increase in the financial services business.」
Decreases in multiple businesses, including motorcycles, automobiles and life creation, were reflected in a 1.8% year-on-year decline in consolidated revenue. - FY2020-Q1MaterialisedAnnual report
「Consolidated revenue for the first quarter of the current fiscal year decreased 0.7% year on year to ¥3.9962 trillion, reflecting decreases in the automobile, motorcycle, life creation and other businesses, as well as foreign exchange effects, despite an increase in the financial services business.」
Decreases in multiple businesses were reflected in a 0.7% year-on-year decline in consolidated revenue, indicating a deterioration in results related to demand and market fluctuation risks. Consolidated unit sales of motorcycles and automobiles also declined year on year. - FY2019ReframedAnnual report
「Declining purchasing appetite due to prolonged economic downturns in these markets, changes in consumer values, higher fuel prices, financial crises and higher product prices resulting from surging raw-material costs could lead to lower demand for the Group's products, adversely affecting the Group's results.」
In addition to the previously identified factors, including economic conditions, consumer values and fuel prices, the disclosure specifically identifies higher product prices resulting from surging raw-material costs as a factor driving demand fluctuations. - FY2018RestatedAnnual report
「Declining purchasing appetite due to prolonged economic downturns in these markets, changes in consumer values, higher fuel prices and financial crises could lead to lower demand for motorcycles, automobiles and power products, adversely affecting the Group's results.」
The Group reconfirms the risk of demand fluctuations caused by economic conditions, consumer values, fuel prices and financial crises across global regions. - FY2017RestatedAnnual report
「The Group operates in countries around the world, including Japan, North America, Europe and Asia. Prolonged economic downturns in these markets, changes in consumer values, higher fuel prices and declining purchasing appetite due to financial crises could lead to lower demand for motorcycles, automobiles and power products, adversely affecting the Group's results.」
The Group continues to identify demand fluctuations caused by economic conditions, consumer values, fuel prices and financial crises across global regions as risks. - FY2016First statedAnnual report
「The Group operates in countries around the world, including Japan, North America, Europe and Asia. Prolonged economic downturns in these markets, changes in consumer values, higher fuel prices and declining purchasing appetite due to financial crises could lead to lower demand for motorcycles, automobiles and power products, adversely affecting the Group's results.」
The Group identifies weaker demand due to economic conditions, consumer values, fuel prices and financial crises across global regions as risks.