FY March 2025 Third Quarter Financial Results were announced on February 7, 2025
LATEST RESULTS HIGHLIGHTS
The Latest Financial Results
FY March 2025 Nine Month Results
| (Billion Yen) | FY March 2025 | Change from Prior Year | |||||
|---|---|---|---|---|---|---|---|
| 1st Half | 3rd Quarter | Nine Month | 1st Half | 3rd Quarter | Nine Month | ||
| Global Sales Volume (Thousand Units) | 630 | 336 | 966 | +14 | +23 | +37 | +4% |
| Consolidated Wholesales (Thousand Units) | 590 | 312 | 902 | +2 | +12 | +14 | +2% |
| Net Sales | 2,393.9 | 1,295.5 | 3,689.4 | +76.6 | +46.3 | +122.9 | +3% |
| Operating Income | 103.0 | 45.3 | 148.3 | -26.6 | -25.3 | -51.9 | -26% |
| Ordinary Income | 83.5 | 73.3 | 156.8 | -95.7 | +13.5 | -82.2 | -34% |
| Net Income | 35.3 | 55.3 | 90.6 | -72.8 | -2.1 | -74.9 | -45% |
| Operating Return on Sales | 4.3% | 3.5% | 4.0% | -1.3pts | -2.2pts | -1.6pts | |
| EPS(Yen) | 56.1 | 87.6 | 143.7 | -115.5 | -3.5 | -119.0 | |
Exchange Rate (Yen) US Dollar Euro Thai Baht Mexico Peso |
153 166 4.27 8.49 |
152 163 4.49 7.60 |
153 165 4.34 8.19 |
+12 +13 +0.22 +0.36 |
+5 +4 +0.33 -0.82 |
+9 +10 +0.26 -0.04 | |
*Net income indicates net income attributable to owners of the parent
For the first nine months of fiscal year ending March 31, 2025 (April 1, 2024 through December 31, 2024), global sales volume was 966,000 units, up 4% year on year.
Consolidated wholesale volume was 902,000 units, up 14,000 units year on year.
Net sales were ¥3,689.4 billion, up 3% from the prior year, and operating income was ¥148.3 billion, down 26% from the prior year. Net income attributable to owners of the parent was ¥90.6 billion, down 45% from the prior year.
Steady implementation of brand value management resulted in record high annual sales volume in the US and Mexico, and North American business saw a strong growth due to dramatic improvements in the CX-50 and Large products.
After peaking in the second quarter, sales expenses were reduced as planned by introducing new products and strengthening product appeal.
Average exchange rates for the period were ¥153 to the US dollar, ¥9 weaker from the prior year and ¥165 to the euro, ¥10 weaker from the prior year.
FY March 2025 FORECAST
| （Billion Yen） | FY March 2024 | FY March 2025 | Chamge from Prior Year | Change from November Forecast | |
|---|---|---|---|---|---|
| Full Year | Full Year | Full Year | Full Year | ||
| Global Sales Volume（Thousand Units） | 1,241 | 1,330 | +89 | +7% | -20 |
| Consolidated Wholesales（Thousand Units） | 1,202 | 1,250 | +48 | +4% | 0 |
| Net Sales | 4,827.7 | 5,000.0 | +172.3 | +4% | 0 |
| Operating Income | 250.5 | 200.0 | -50.5 | -20% | 0 |
| Ordinary Income | 320.1 | 190.0 | -130.1 | -41% | 0 |
| Net Income | 207.7 | 140.0 | -67.7 | -33% | 0 |
| Operating Return on Sales | 5.2% | 4.0% | -1.2pts | 0pts | |
| EPS(Yen) | 329.6 | 222.1 | -107.5 | 0 | |
Exchange Rate(Yen) US Dollar Euro Thi Baht Mexico Peso |
145 157 4.11 8.35 |
153 164 4.36 8.03 |
+8 +7 +0.25 -0.32 |
+4 +1 +0.10 +0.02 | |
*Net income indicates net income attributable to owners of the parent
For the fiscal year ending March 31, 2025 (April 1, 2024 through March 31, 2025), the full year forecast for global sales is 1.33 million units, up 7% year on year, despite a revision to sales forecast in China by 20,000 units. In the fourth quarter, we expect a substantial contribution from the CX-50 hybrid model as well as the CX-80.
Consolidated wholesales volume and profit forecast remains unchanged from the forecast announced in November.
With regard to exchange rates, we revised our assumptions to reflect the yen's depreciation against major currencies compared to the forecast in November announcement. Our exchange rate assumptions are ¥153 to the US dollar, ¥8 weaker from the prior year and ¥164 to the euro, ¥7 weaker from the prior year.
Although the external environment is becoming more uncertain, due to changes in government policies in major countries as well as natural disasters, we will respond flexibly and appropriately, and work to achieve our full year plan.
Graphs displaying results and financial data
Global sales volume (Thousands of Units)
Net Sales (Billions of Yen)
Operating Income (Billions of Yen)
Net Income Attributable to Owners of the Parent (Billions of Yen)
