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Sunday, August 2, 2009

LATEST AUTOMOBILE RELATED TO CAR

Consolidated net sales and other operating revenue for the fiscal first quarter ended June 30, 2009 amounted to JPY 2,002.2 billion, a decrease of 30.2% compared to the same period last year, primarily due to factors including decreased sales in the automobile business and the unfavorable impact of the currency translation.Consolidated operating income amounted to JPY 25.1 billion, a decrease of 88.0% compared to the same period last year, due to decreased profit from lower revenue, an increased fixed costs per unit as a result of reduced productions and the unfavorable currency effects caused by the appreciation of the Japanese yen, offsetting decreased selling, general and administrative (SG&A) expenses and R&D expenses and continuing cost reduction efforts.Consolidated income before income taxes amounted to JPY 5.4 billion, a decrease of 97.6% from the same period last year, and net income attributable to Honda Motor Co., Ltd. amounted to JPY 7.5 billion, a decrease of 95.6% compared to the same period last year.

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