Honda Motor Co., Ltd. has achieved its target of cutting hundreds of jobs at its UK site. Honda needed to cut 800 jobs at the Swindon factory. A total of 525 workers have taken voluntary redundancy, 200 vacant roles were no longer required after a restructure, and 38 were compulsory redundancies.

Honda Motor Co., Ltd. announced consolidated earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company reported operating income for of ¥135.9 billion, an increase of 21.4% compared to ¥111.9 billion reported in the same period last year, due primarily to an increase in automobile sales in Asia as a result of the recovery from the impact of the major flooding in Thailand as well as favorable currency effects due to the depreciation of the Japanese yen. Net sales and other operating revenue was ¥2,405.0 billion against ¥2,744.9 billion reported last year. Income before income taxes was ¥98.0 billion against ¥93.0 billion reported last year. Net income was ¥75.7 billion against ¥71.5 billion reported last year. Earnings per share were ¥42.03, a ¥2.31 increase. For the year, the company reported operating income of ¥544.8 billion, an increase of 135.5% compared to ¥231.3 billion reported in the previous fiscal year, due primarily to a significant increase in automobile sales mostly in North America, Asia and Japan as a result of recovery from the impact of the Great East Japan Earthquake, the major flooding in Thailand and positive impact of new model introductions. Net income was ¥367.1 billion, an increase of 73.6% compared to ¥211.4 billion reported in the previous fiscal year. Net sales and other operating revenue was ¥9,877.9 billion against ¥7,948.0 billion reported last year. Income before income taxes was ¥488.8 billion against ¥257.4 billion reported last year. Capital expenditures was ¥593.6 billion, an increase of ¥187 billion, mainly due to construction of production plants in Japan and Asia, as well as investment for new model introductions in North America. Net sales and other operating revenue was mostly due to growth in Automobile business operations, as well as a rise in net sales due to foreign exchange fluctuations. Operating income rose 135.5% increase due to a rise in unit sales, incremental fixed costs associated with higher production, cost reduction efforts, as well as the positive impact from a weaker yen. EPS totaled ¥203.71. For the fiscal year ending March 31, 2014, the company expects to report net sales and other operating revenue of ¥12,100.0 billion, operating income of ¥780.0 billion, income before income taxes of ¥780.0 billion and net income of ¥580.0 billion. The company announced that the forecast for capital expenditures is ¥700 billion, depreciation and amortization is ¥360 billion. The company announced that the quarterly dividend for the fiscal fourth quarter will be ¥19 per share, a ¥4 increase compared to the quarterly dividend for the same period last year. The record date is March 31, 2013. The total cash dividends to be paid for the fiscal year ended March 31, 2013 are planned to be ¥76 per share, an increase of ¥16 per share from the previous fiscal year. The year-end dividends are matters to be resolved at the general shareholders' meeting. For the fiscal year ending March 31, 2014, the company expects dividend of ¥80 per share compared to ¥76 per share announced in the fiscal year 2013.

Honda Motor Co., Ltd. announced that they will report fiscal year 2013 results on Apr 26, 2013