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Honda Motor Co., Ltd.

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Honda reported better-than-expected earnings in the first quarter of fiscal 2018 (ended Jun 30). Consolidated sales revenues also beat estimate. Both earnings and revenues rose year over year too. The year-over-year increase can be attributed to higher revenues in financial services, motorcycle business operations and foreign currency conversion effects. Also, record-high production in the first-half of calendar year 2017 outside Japan is aiding Honda. Moreover, the company has been focusing on infrastructural development, new product introductions and car launches in Asia, North and South America. Moreover, it has also planned to launch fuel cell vehicles in U.S. and European markets. These efforts are expected to popularize the company and attract more customers, which in turn will boost the revenue figure. It is also undertaking frequent collaborations in order to expand its business.


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