Honda Motors, a Japanese multinational corporation that manufactures vehicles, motorbikes, and power equipment generated quarterly revenue of JPY3,873.32 billion in Q1 2023, a decrease of 1.7% as compared to the quarterly revenue of JPY3,939.73 billion in Q4 2022.
Honda segregates its quarterly revenue into mainly four segments: Motorcycle Business (JPY676.05 billion), Automobile Business (JPY2,328.17 billion), Financial Services Business (JPY750.06 billion), and Power Product and Other Business (JPY119.04 billion). Honda's automobile business generated the majority of its total revenue in the first quarter of 2023.
In the financial services business, Honda provides services such as loans and leases, mainly related to sales of automobiles, for customers buying Honda products. Honda manufactures a variety of power devices, including tillers, lawn mowers, power generators, snow throwers, and outboard engines for the Power Products & Other business segment.
For Q1 2021, Honda's revenue decreased as a result of a shortage of semiconductors, production delays, and delivery delays.
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