The Latest Financial Results

FY March 2025 First Quarter Financial Results was announced on August 7, 2024

FY March 2025 First Quarter Results

*Net income indicates net income attributable to owners of the parent

For the first quarter of fiscal year ending March 31, 2025 (April 1, 2024 through June 30, 2024), global sales volume was 309,000 units, same level as the prior fiscal year. Amid changes in the competitive environment in the major markets, sales in North America continued to perform well, due to flexible responses such as enhanced sales promotion programs.

Consolidated wholesale volume was 291,000 units, up 2％ year on year.

Net sales were ¥1,205.6 billion, up 11% from the prior year, a record for the first quarter, and operating income was ¥50.4 billion, up 68% from the prior year. Increases in sales incentives were offset by the effect of the yen’s depreciation, and we achieved an increase in both net sales and profits compared to the previous year. Net income attributable to owners of the parent was ¥49.8 billion, up 34% from the prior year.

Average exchange rates for the period were ¥156 to the US dollar, ¥18 weaker from the prior year and ¥168 to the euro, ¥18 weaker from the prior year.

FY March 2025 FORECAST

*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 and wholesales remains unchanged from our May announcement. Growth will be fueled by new products such as the CX-70, CX-80, and CX-50 hybrid model.

We maintained our profit forecast as announced in May, but we revised our exchange rate assumptions based on the recent trends in exchange rates. The full-year average rate is 150 yen per US dollar, 7 yen weaker than our May projection; and 162 yen per euro, also 7 yen weaker.

For this fiscal year, we aim to grow top line by leveraging North American market and Large products and make steady progress in electrification and value creation for the future as well as improvement in management efficiency.

Graphs displaying results and financial data