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Honda Motor Company ( (HMC) ) has shared an announcement.
Honda Motor Co., Ltd. announced its consolidated financial results for the nine months ending December 31, 2024, reporting a sales revenue of 16,328,725 million yen, an 8.9% increase compared to the previous year. The operating profit was 1,139,920 million yen, reflecting a 5.9% growth. However, profit before income taxes and profit for the period saw a decline compared to the prior year. Additionally, Honda terminated a Memorandum of Understanding regarding a potential business integration with Nissan Motor Co., Ltd., and a tripartite collaboration consideration with Nissan and Mitsubishi Motors Corporation, indicating a strategic shift in its business partnerships.
More about Honda Motor Company
Honda Motor Co., Ltd., a leading entity in the automotive industry, is known for its production of automobiles, motorcycles, and power equipment. The company is headquartered in Tokyo, Japan, and is listed on the Tokyo Stock Exchange, focusing on delivering innovative and reliable products to the global market.
YTD Price Performance: -2.99%
Average Trading Volume: 1,568,374
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $43.89B
Find detailed analytics on HMC stock on TipRanks’ Stock Analysis page.
