Honda Motor Co., Ltd. announced that in the fiscal year ended March 31, 2008, it achieved an all-time record for consolidated net sales and other operating revenue (herein referred to as “revenue”) for the eighth consecutive fiscal year which amounted to JPY 12,002.8 billion (+8.3%) due to increased sales revenue in all business areas.

Consolidated operating income, which amounted to JPY 953.1 billion (+11.9%), also increased to achieve an all-time record for the first time in two years, due to increased profit from higher revenues, cost reduction efforts, and the positive effect of currency exchange rates, despite an increase in incentives in North America, the impact of increased raw material costs, and increases in selling, general and administrative (SG&A) expenses and research and development (R&D) expenses.

Honda also achieved all-time record results for income before income taxes which totaled JPY 895.8 billion (+13.0%) , equity in income of affiliates which totaled JPY 118.9 billion (+15.0%), and net income which totaled JPY 600.0 billion (+1.3%).

Honda plans for a year-end cash dividend of JPY 22 per share. Combined with the fiscal first quarter dividend of JPY 20, the fiscal second quarter dividend of JPY 22 and the fiscal third quarter dividend of JPY 22, the total cash dividend to be paid for the entire fiscal year is expected to be JPY 86 per share, which is an increase of JPY 19 compared to the previous fiscal year. Source: Honda Motor Co. Ltd.

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