• Jul 29, 2009
2010 Honda Insight EX - Click above for high-res image gallery

Honda has announced earnings for the quarter ending June 30, and the results were more than a little surprising. While analysts expected a loss of 106 yen ($1.1 billion US), Honda instead turned an operating profit of 25.2 billion Yen ($267 million US).

Honda's surprise profit comes in part because of the success of the hybrid Insight in Japan, where the suddenly strong Yen doesn't run into currency exchange issues. Honda is forecasting continuing currency issues, as the automaker sees the yen gaining still more ground verses the US dollar later in 2009. The hot-selling Fit and always strong Accord are also helping the bottom line, helping stabilize sales while companies like Toyota continue to see theirs sagging.

Automotive News is reporting that Honda's Q1 earnings were strong enough for the conservative automaker to raise its 2009 earnings forecast from 40 billion yen ($420 million US) to 70 billion yen ($737 million US). Honda has reportedly also raised its vehicle sales forecast by 85,000 units, to 3.295 million vehicles for 2009.



[Source: Automotive News, sub. req'd]


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    • 1 Second Ago
  • 26 Comments
      • 5 Years Ago
      We've owned 4 Hondas in the last 10 years. It's not surprising since Honda has always been conservative in their business strategy (No big ups, no big downs) and I've always enjoyed Honda's fun to drive, reliable, fuel efficient, well built vehicles. I feel that the fun to driveness is a bit lacking in their newer cars though.
      • 5 Years Ago
      I'll be very disappointed in humanity (nothing new) if Acura contributed to that profit.
      • 5 Years Ago
      The US Government should give Honda some money for being so damn good!
        • 5 Years Ago
        Hear hear! They should, in fact, give GM to Honda to operate. What lovely cars and what a great result amidst so much doom and gloom in the past twelve months.
      • 5 Years Ago
      can't wait for the haters to chime in with "Honda builds cars that no one wants"... well, apparently, still a lot of folk like Hondas. Though I've never owned one, :-(
        • 5 Years Ago
        Now all McHonda needs is a little, "Over 1,000,000,000 sold" printed on every car...
      • 5 Years Ago
      Honda cars are more sporty than their Toyota equivalents.
      • 5 Years Ago
      Profitable in JAPAN at the moment yes, but theyre being trounce by HYUNDAI in the USA and their ACURA lineup is nothing but downhill.....and by the looks of things they got no new technology in the foreasable FUTURE.
      • 5 Years Ago
      Can Obama take over Honda instead. They are actually profitable and well managed.
      • 5 Years Ago
      am i [still] crazy or isn't june 30 end of q2, not q1?
        • 5 Years Ago
        Honda and Toyota report on fiscal (rather than calendar) quarters. Honda's fiscal year starts in April.
      • 5 Years Ago
      "honda builds car consumers want, makes profit"

      the only "surprise" is due to a small, technical detail: enthusiasts hate the car, consumers (i.e. the other 99% of the population) don't car.
        • 5 Years Ago
        Yes, enthusiasts hate cars like the NSX, S2000, several generations of Civic Si's, Type-R models, and even stickshift/sporty FAMILY SEDANS, which are more and more difficult to find these days (Accord V6).
      • 5 Years Ago
      Doesn't the profit look even better in US Dollars as each Yen, when coverted into US Dollars will show a higher value just on the account of appreciation.
      • 5 Years Ago
      Good job Honda. With everything they've been doing wrong (read: vehicle design) they've obviously been doing a lot right. Of course the anti-Honda fanboys will chalk it up to every single Honda buyer being a stupid, mindless sheep......
        • 5 Years Ago
        Well, it seems like buyers are rightly staying away from the bad (except Insight; Pilot, Ridgeline) and flocking towards the good (Fit, Civic, Accord, Odyssey), so Honda must be doing SOMETHING right.
        I will love Honda for as long as it is different and its cars are more fun to drive than those from Toyota.
        • 5 Years Ago
        Wow, kinda insulted right now, if you haven't noticed there aren't any posts like that. And I could've made a comment about the Insight or the Pilot or the Ridgeline or their entire Acura lineup, but I refrained.
      • 5 Years Ago
      "106 yen ($1.1 billion US)"

      I know the dollar is down today, but yowza!
        • 5 Years Ago
        It should be 106 billion yen







        Elliot Reid Moment Killer
        • 5 Years Ago
        A loss of 106 yen would equal MASSIVE DAMAGE TO CAR COMPANIES!!!

        $1.12 is APOCOLYPIC-LIKE!!!
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