Investing in Japan: Honda Motor posted declining results but may attract more investors
COVID-19 affected Honda’s financial results for FY 2019 Honda Motor Co., Ltd. is one of the world leading manufacturers of motorcycles and automobiles. Honda boasts the world's top market share for motorcycles and has created a number of well-known automobiles such as "CIVIC" and "Accord" brands. Utilizing its advanced motor technology, Honda also provides general-purpose products including tillers, generators, snow throwers, outboard engines, and lawnmowers to customers worldwide. Honda has been recognized by Japanese investors as one of the most excellent investment destinations with its high technology, profitability and stable financial base. It is also well known to locals in the Chubu region because it started the first full-fledged international racing course in Japan in Suzuka, Mie prefecture. In the fiscal year ending March 2020, consolidated revenues were down 6.0% year on year to 14,931.0 billion yen, and operating income was down 12.8% to 63...