No.1-7628

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

FOR THE MONTH OF NOVEMBER 2021

COMMISSION FILE NUMBER: 1-07628

HONDA GIKEN KOGYO KABUSHIKI KAISHA

(Name of registrant)

HONDA MOTOR CO., LTD.

(Translation of registrant’s name into English)

1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo 107-8556, Japan

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F  ☒    Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

 

 

 

Contents

Exhibit 1:

HONDA MOTOR CO., LTD. REPORTS CONSOLIDATED FINANCIAL RESULTS FOR THE FISCAL SECOND QUARTER AND THE FISCAL FIRST HALF YEAR ENDED SEPTEMBER 30, 2021.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: November 5, 2021

November 5, 2021

HONDA MOTOR CO., LTD. REPORTS

CONSOLIDATED FINANCIAL RESULTS

FOR THE FISCAL SECOND QUARTER AND

THE FISCAL FIRST HALF YEAR ENDED SEPTEMBER 30, 2021

Tokyo, November 5, 2021 — Honda Motor Co., Ltd. today announced its consolidated financial results for the fiscal second quarter and the fiscal first half year ended September 30, 2021.

First Half Year Results

While the global economy which had slowed down due to the spread of coronavirus disease 2019 (COVID-19) has continued to be on a recovery track, it has still continued to affect Honda’s consolidated financial results for the six months ended September 30, 2021.

Resulting from travel restriction measures in certain countries or regions, the production activities of some of Honda’s production bases were also affected mainly due to restrictions on employees’ commute to the workplaces and delays in the supply of parts within the supply chain. Some dealers were obliged to suspend business, shorten business hours, or reduce services such as inspections and repairs. However, there is no significant impact on Honda’s consolidated financial results for the six months ended September 30, 2021.

Honda’s consolidated sales revenue for the six months ended September 30, 2021 increased by 21.0%, to JPY 6,988.2 billion from the same period last year, due mainly to increased sales revenue in all business operations. Operating profit increased by 161.2%, to JPY 442.1 billion from the same period last year, due mainly to an increase in profit attributable to increased sales revenue and model mix. Profit before income taxes increased by 105.8%, to JPY 560.3 billion from the same period last year. Profit for the period attributable to owners of the parent increased by 143.2%, to JPY 389.2 billion from the same period last year.

Earnings per share attributable to owners of the parent for the period amounted to JPY 225.43, an increase of JPY 132.73 from the corresponding period last year. One Honda American Depository Share represents one common share.

Second Quarter Results

Consolidated sales revenue for the three months ended September 30, 2021 decreased by 6.8%, to JPY 3,404.3 billion from the same period last year, due mainly to decreased sales revenue in Automobile business operations. Operating profit decreased by 29.7%, to JPY 198.9 billion from the same period last year, due mainly to a decrease in profit attributable to decreased sales revenue and model mix. Profit before income taxes decreased by 28.0%, to JPY 249.0 billion from the same period last year. Profit for the period attributable to owners of the parent decreased by 30.8%, to JPY 166.6 billion from the same period last year.

Earnings per share attributable to owners of the parent for the period amounted to JPY 96.56, a decrease of JPY 42.97 from the corresponding period last year.

 

—1—

Consolidated Statements of Financial Position for the Fiscal First Half Year Ended September 30, 2021

Total assets decreased by JPY 16.7 billion, to JPY 21,904.2 billion from March 31, 2021 due mainly to a decrease in receivables from financial service, cash and cash equivalents as well as trade receivables, which was partially offset by increased inventories as well as positive foreign currency translation effects. Total liabilities decreased by JPY 395.8 billion, to JPY 12,152.3 billion from March 31, 2021 due mainly to a decrease in trade payables as well as accrued expenses. Total equity increased by JPY 379.0 billion, to JPY 9,751.9 billion from March 31, 2021 due mainly to increased retained earnings attributable to profit for the period.

Consolidated Statements of Cash Flows for the Fiscal First Half Year Ended September 30, 2021

Consolidated cash and cash equivalents on September 30, 2021 decreased by JPY 138.7 billion from March 31, 2021, to JPY 2,619.2 billion. The reasons for the increases or decreases for each cash flow activity, when compared with the same period last year, are as follows:

Net cash provided by operating activities amounted to JPY 298.0 billion of cash inflows. Cash inflows from operating activities decreased by JPY 203.8 billion from the same period last year, due mainly to increased payments for parts and raw materials, which was partially offset by increased cash received from customers.

Net cash used in investing activities amounted to JPY 226.7 billion of cash outflows. Cash outflows from investing activities decreased by JPY 76.5 billion from the same period last year, due mainly to increased proceeds from sales and redemptions of other financial assets as well as decreased payments for additions to and internally developed intangible assets.

Net cash used in financing activities amounted to JPY 212.6 billion of cash outflows. Cash outflows from financing activities increased by JPY 336.8 billion from the same period last year, due mainly to decreased proceeds from financing liabilities and increased dividends paid.

 

—2—

Forecasts for the Fiscal Year Ending March 31, 2022

In regard to the forecasts of the financial results for the fiscal year ending March 31, 2022, Honda projects consolidated results to be as shown below:

Fiscal year ending March 31, 2022

 

		Yen (billions)				Changes from FY 2021
Sales revenue			14,600.0				+ 10.9	%
Operating profit			660.0				- 0.0	%
Profit before income taxes			860.0				- 5.9	%
Profit for the year			600.0				- 13.7	%
Profit for the year attributable to owners of the parent			555.0				- 15.6	%
		Yen
Earnings per share attributable to owners of the parent
Basic and diluted			322.69

Note: The forecasts are based on the assumption that the average exchange rates for the Japanese yen to the U.S. dollar will be JPY 110 for the full year ending March 31, 2022.

The reasons for the increases or decreases in the forecasts of the operating profit, and profit before income taxes for the fiscal year ending March 31, 2022 from the previous year are as follows.

 

		Yen (billions)
Revenue, model mix, etc.			+ 34.8
Cost reduction, the effect of raw material cost fluctuations, etc.			+ 2.0
SG&A expenses			- 102.0
R&D expenses			- 66.0
Currency effect			+ 131.0
Operating profit compared with fiscal year ended March 31, 2021			- 0.2
Share of profit of investments accounted for using the equity method			- 72.7
Finance income and finance costs			+ 18.8
Profit before income taxes compared with fiscal year ended March 31, 2021			- 54.0

Dividend per Share of Common Stock

The interim dividend for the fiscal year ending March 31, 2022, is JPY 55 per share of common stock. The total expected annual dividend per share of common stock for the fiscal year ending March 31, 2022, is JPY 110 per share.

This announcement contains “forward-looking statements” as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based on management’s assumptions and beliefs taking into account information currently available to it. Therefore, please be advised that the actual results of the Company could differ materially from those described in these forward-looking statements as a result of numerous factors, including general economic conditions in the principal markets of the Company, its consolidated subsidiaries and its affiliates accounted for by the equity-method, and fluctuation of foreign exchange rates, as well as other factors detailed from time to time. The various factors for increases and decreases in profit have been classified in accordance with a method that Honda considers reasonable.

 

—3—

[1] Condensed Consolidated Statements of Financial Position

March 31, 2021 and September 30, 2021

 

		Yen (millions)
		Mar. 31, 2021				Sep. 30, 2021
Assets
Current assets:
Cash and cash equivalents			2,758,020				2,619,277
Trade receivables			801,814				666,741
Receivables from financial services			1,794,654				1,591,409
Other financial assets			295,307				191,254
Inventories			1,545,600				1,761,246
Other current assets			383,696				328,047
Total current assets			7,579,091				7,157,974
Non-current assets:
Investments accounted for using the equity method			891,002				1,013,063
Receivables from financial services			3,619,896				3,718,734
Other financial assets			628,533				723,797
Equipment on operating leases			4,919,916				5,062,690
Property, plant and equipment			3,021,514				2,949,304
Intangible assets			818,763				826,229
Deferred tax assets			99,552				106,224
Other non-current assets			342,763				346,251
Total non-current assets			14,341,939				14,746,292
Total assets			21,921,030				21,904,266
Liabilities and Equity
Current liabilities:
Trade payables			1,088,061				861,875
Financing liabilities			3,005,624				3,055,345
Accrued expenses			415,106				284,463
Other financial liabilities			182,145				154,375
Income taxes payable			47,793				55,319
Provisions			362,151				257,331
Other current liabilities			614,577				619,518
Total current liabilities			5,715,457				5,288,226
Non-current liabilities:
Financing liabilities			4,715,361				4,682,601
Other financial liabilities			280,809				275,093
Retirement benefit liabilities			358,532				362,614
Provisions			278,890				258,129
Deferred tax liabilities			842,001				914,762
Other non-current liabilities			357,141				370,905
Total non-current liabilities			6,832,734				6,864,104
Total liabilities			12,548,191				12,152,330
Equity:
Common stock			86,067				86,067
Capital surplus			172,049				185,502
Treasury stock			(273,786	)			(285,157	)
Retained earnings			8,901,266				9,197,111
Other components of equity			196,710				322,313
Equity attributable to owners of the parent			9,082,306				9,505,836
Non-controlling interests			290,533				246,100
Total equity			9,372,839				9,751,936
Total liabilities and equity			21,921,030				21,904,266

 

—4—

[2] Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income

Condensed Consolidated Statements of Income

For the six months ended September 30, 2020 and 2021

 

		Yen (millions)
		Six months ended Sep. 30, 2020				Six months ended Sep. 30, 2021
Sales revenue			5,775,144				6,988,228
Operating costs and expenses:
Cost of sales			(4,653,557	)			(5,561,775	)
Selling, general and administrative			(623,192	)			(625,603	)
Research and development			(329,130	)			(358,654	)
Total operating costs and expenses			(5,605,879	)			(6,546,032	)
Operating profit			169,265				442,196
Share of profit of investments accounted for using the equity method			102,296				107,246
Finance income and finance costs:
Interest income			8,877				11,080
Interest expense			(6,549	)			(6,428	)
Other, net			(1,605	)			6,302
Total finance income and finance costs			723				10,954
Profit before income taxes			272,284				560,396
Income tax expense			(99,715	)			(151,795	)
Profit for the period			172,569				408,601
Profit for the period attributable to:
Owners of the parent			160,051				389,209
Non-controlling interests			12,518				19,392
		Yen
Earnings per share attributable to owners of the parent
Basic and diluted			92.70				225.43

 

—5—

Condensed Consolidated Statements of Comprehensive Income

For the six months ended September 30, 2020 and 2021

 

		Yen (millions)
		Six months ended Sep. 30, 2020				Six months ended Sep. 30, 2021
Profit for the period			172,569				408,601
Other comprehensive income, net of tax:
Items that will not be reclassified to profit or loss
Remeasurements of defined benefit plans			—				—
Net changes in revaluation of financial assets measured at fair value through other comprehensive income			18,246				58,018
Share of other comprehensive income of investments accounted for using the equity method			(427	)			1,320
Items that may be reclassified subsequently to profit or loss
Net changes in revaluation of financial assets measured at fair value through other comprehensive income			114				(18	)
Exchange differences on translating foreign operations			(77,590	)			37,049
Share of other comprehensive income of investments accounted for using the equity method			475				26,676
Total other comprehensive income, net of tax			(59,182	)			123,045
Comprehensive income for the period			113,387				531,646
Comprehensive income for the period attributable to:
Owners of the parent			97,336				514,720
Non-controlling interests			16,051				16,926

 

—6—

Condensed Consolidated Statements of Income

For the three months ended September 30, 2020 and 2021

 

		Yen (millions)
		Three months ended Sep. 30, 2020				Three months ended Sep. 30, 2021
Sales revenue			3,651,369				3,404,358
Operating costs and expenses:
Cost of sales			(2,884,258	)			(2,715,355	)
Selling, general and administrative			(317,939	)			(308,589	)
Research and development			(166,216	)			(181,428	)
Total operating costs and expenses			(3,368,413	)			(3,205,372	)
Operating profit			282,956				198,986
Share of profit of investments accounted for using the equity method			62,302				51,315
Finance income and finance costs:
Interest income			4,282				5,880
Interest expense			(4,716	)			(3,503	)
Other, net			893				(3,642	)
Total finance income and finance costs			459				(1,265	)
Profit before income taxes			345,717				249,036
Income tax expense			(93,169	)			(78,155	)
Profit for the period			252,548				170,881
Profit for the period attributable to:
Owners of the parent			240,922				166,697
Non-controlling interests			11,626				4,184
		Yen
Earnings per share attributable to owners of the parent
Basic and diluted			139.53				96.56

 

—7—

Condensed Consolidated Statements of Comprehensive Income

For the three months ended September 30, 2020 and 2021

 

		Yen (millions)
		Three months ended Sep. 30, 2020				Three months ended Sep. 30, 2021
Profit for the period			252,548				170,881
Other comprehensive income, net of tax:
Items that will not be reclassified to profit or loss
Remeasurements of defined benefit plans			—				—
Net changes in revaluation of financial assets measured at fair value through other comprehensive income			14,037				(4,564	)
Share of other comprehensive income of investments accounted for using the equity method			(956	)			372
Items that may be reclassified subsequently to profit or loss
Net changes in revaluation of financial assets measured at fair value through other comprehensive income			58				(48	)
Exchange differences on translating foreign operations			(86,409	)			7,739
Share of other comprehensive income of investments accounted for using the equity method			5,668				7,368
Total other comprehensive income, net of tax			(67,602	)			10,867
Comprehensive income for the period			184,946				181,748
Comprehensive income for the period attributable to:
Owners of the parent			177,103				178,448
Non-controlling interests			7,843				3,300

 

—8—

[3] Condensed Consolidated Statements of Changes in Equity

For the six months ended September 30, 2020

 

		Yen (millions)
		Equity attributable to owners of the parent																								Non-controlling interests				Total equity
		Common stock				Capital surplus				Treasury stock				Retained earnings				Other components of equity				Total
Balance as of April 1, 2020			86,067				171,823				(273,940	)			8,142,948				(114,639	)			8,012,259				273,764				8,286,023
Comprehensive income for the period
Profit for the period															160,051								160,051				12,518				172,569
Other comprehensive income, net of tax																			(62,715	)			(62,715	)			3,533				(59,182	)
Total comprehensive income for the period															160,051				(62,715	)			97,336				16,051				113,387
Transactions with owners and other
Dividends paid															(67,363	)							(67,363	)			(40,546	)			(107,909	)
Purchases of treasury stock											(2	)											(2	)							(2	)
Disposal of treasury stock											124												124								124
Share-based payment transactions							95																95								95
Equity transactions and others																											2,251				2,251
Total transactions with owners and other							95				122				(67,363	)							(67,146	)			(38,295	)			(105,441	)
Balance as of September 30, 2020			86,067				171,918				(273,818	)			8,235,636				(177,354	)			8,042,449				251,520				8,293,969

For the six months ended September 30, 2021

 

		Yen (millions)
		Equity attributable to owners of the parent																								Non-controlling interests				Total equity
		Common stock				Capital surplus				Treasury stock				Retained earnings				Other components of equity				Total
Balance as of April 1, 2021			86,067				172,049				(273,786	)			8,901,266				196,710				9,082,306				290,533				9,372,839
Comprehensive income for the period
Profit for the period															389,209								389,209				19,392				408,601
Other comprehensive income, net of tax																			125,511				125,511				(2,466	)			123,045
Total comprehensive income for the period															389,209				125,511				514,720				16,926				531,646
Reclassification to retained earnings															(92	)			92				—								—
Transactions with owners and other
Dividends paid															(93,272	)							(93,272	)			(39,975	)			(133,247	)
Purchases of treasury stock											(19,470	)											(19,470	)							(19,470	)
Disposal of treasury stock											443												443								443
Share-based payment transactions							(267	)															(267	)							(267	)
Equity transactions and others							13,720				7,656												21,376				(21,384	)			(8	)
Total transactions with owners and other							13,453				(11,371	)			(93,272	)							(91,190	)			(61,359	)			(152,549	)
Balance as of September 30, 2021			86,067				185,502				(285,157	)			9,197,111				322,313				9,505,836				246,100				9,751,936

 

—9—

[4] Condensed Consolidated Statements of Cash Flows

For the six months ended September 30, 2020 and 2021

 

		Yen (millions)
		Six months ended Sep. 30, 2020				Six months ended Sep. 30, 2021
Cash flows from operating activities:
Profit before income taxes			272,284				560,396
Depreciation, amortization and impairment losses excluding equipment on operating leases			294,284				307,990
Share of profit of investments accounted for using the equity method			(102,296	)			(107,246	)
Finance income and finance costs, net			34,301				(21,478	)
Interest income and interest costs from financial services, net			(63,235	)			(79,985	)
Changes in assets and liabilities
Trade receivables			(47,843	)			137,863
Inventories			32,367				(204,437	)
Trade payables			63,257				(212,422	)
Accrued expenses			(58,255	)			(136,849	)
Provisions and retirement benefit liabilities			5,204				(118,571	)
Receivables from financial services			83,385				148,032
Equipment on operating leases			(65,320	)			(101,068	)
Other assets and liabilities			(72,394	)			28,415
Other, net			164				(5,829	)
Dividends received			115,444				101,140
Interest received			118,369				118,940
Interest paid			(60,381	)			(45,457	)
Income taxes paid, net of refunds			(47,446	)			(71,348	)
Net cash provided by operating activities			501,889				298,086
Cash flows from investing activities:
Payments for additions to property, plant and equipment			(141,869	)			(140,739	)
Payments for additions to and internally developed intangible assets			(111,093	)			(81,649	)
Proceeds from sales of property, plant and equipment and intangible assets			4,739				6,554
Payments for acquisitions of subsidiaries, net of cash and cash equivalents acquired			2,230				—
Payments for acquisitions of investments accounted for using the equity method			(2,450	)			—
Payments for acquisitions of other financial assets			(135,492	)			(221,150	)
Proceeds from sales and redemptions of other financial assets			80,690				210,274
Net cash used in investing activities			(303,245	)			(226,710	)
Cash flows from financing activities:
Proceeds from short-term financing liabilities			4,809,435				4,096,198
Repayments of short-term financing liabilities			(4,764,780	)			(4,232,433	)
Proceeds from long-term financing liabilities			1,111,588				943,620
Repayments of long-term financing liabilities			(907,621	)			(830,634	)
Dividends paid to owners of the parent			(67,363	)			(93,272	)
Dividends paid to non-controlling interests			(26,610	)			(38,155	)
Purchases and sales of treasury stock, net			122				(19,027	)
Repayments of lease liabilities			(30,083	)			(38,988	)
Other, net			(553	)			(2	)
Net cash provided by (used in) financing activities			124,135				(212,693	)
Effect of exchange rate changes on cash and cash equivalents			(29,798	)			2,574
Net change in cash and cash equivalents			292,981				(138,743	)
Cash and cash equivalents at beginning of year			2,672,353				2,758,020
Cash and cash equivalents at end of period			2,965,334				2,619,277

 

—10—

[5] Assumptions for Going Concern

None

[6] Notes to Consolidated Financial Statements

[A] Segment Information

Honda has four reportable segments: Motorcycle business, Automobile business, Financial services business and Life creation and other businesses, which are based on Honda’s organizational structure and characteristics of products and services. Operating segments are defined as the components of Honda for which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The accounting policies used for these reportable segments are consistent with the accounting policies used in the Company’s condensed consolidated interim financial statements.

Principal products and services, and functions of each segment are as follows:

 

Segment		Principal products and services		Functions
Motorcycle Business		Motorcycles, all-terrain vehicles (ATVs), side-by-sides (SxS) and relevant parts		Research and development Manufacturing Sales and related services
Automobile Business		Automobiles and relevant parts		Research and development Manufacturing Sales and related services
Financial Services Business		Financial services		Retail loan and lease related to Honda products Others
Life Creation and Other Businesses		Power products and relevant parts, and others		Research and development Manufacturing Sales and related services Others

Segment information based on products and services

As of and for the six months ended September 30, 2020

 

		Yen (millions)
		Motorcycle Business				Automobile Business				Financial Services Business				Life Creation and Other Businesses				Segment Total				Reconciling Items				Consolidated
Sales revenue:
External customers			767,316				3,622,538				1,239,092				146,198				5,775,144				—				5,775,144
Intersegment			—				100,284				6,423				8,836				115,543				(115,543	)			—
Total			767,316				3,722,822				1,245,515				155,034				5,890,687				(115,543	)			5,775,144
Segment profit (loss)			79,664				(70,503	)			164,866				(4,762	)			169,265				—				169,265
Segment assets			1,424,352				7,706,715				10,234,914				348,192				19,714,173				783,000				20,497,173
Depreciation and amortization			34,360				249,667				412,027				7,599				703,653				—				703,653
Capital expenditures			18,925				210,914				965,857				4,501				1,200,197				—				1,200,197

As of and for the six months ended September 30, 2021

 

		Yen (millions)
		Motorcycle Business				Automobile Business				Financial Services Business				Life Creation and Other Businesses				Segment Total				Reconciling Items				Consolidated
Sales revenue:
External customers			1,023,730				4,335,269				1,442,558				186,671				6,988,228				—				6,988,228
Intersegment			—				99,655				1,290				11,033				111,978				(111,978	)			—
Total			1,023,730				4,434,924				1,443,848				197,704				7,100,206				(111,978	)			6,988,228
Segment profit (loss)			148,137				117,104				176,814				141				442,196				—				442,196
Segment assets			1,379,823				8,446,421				10,902,969				357,978				21,087,191				817,075				21,904,266
Depreciation and amortization			33,325				263,951				438,425				8,414				744,115				—				744,115
Capital expenditures			17,337				191,267				1,220,048				7,402				1,436,054				—				1,436,054

 

—11—

For the three months ended September 30, 2020

 

		Yen (millions)
		Motorcycle Business				Automobile Business				Financial Services Business				Life Creation and Other Businesses				Segment Total				Reconciling Items				Consolidated
Sales revenue:
External customers			493,094				2,412,615				663,258				82,402				3,651,369				—				3,651,369
Intersegment			—				54,484				3,255				4,395				62,134				(62,134	)			—
Total			493,094				2,467,099				666,513				86,797				3,713,503				(62,134	)			3,651,369
Segment profit (loss)			68,462				125,385				93,298				(4,189	)			282,956				—				282,956

For the three months ended September 30, 2021

 

		Yen (millions)
		Motorcycle Business				Automobile Business				Financial Services Business				Life Creation and Other Businesses				Segment Total				Reconciling Items				Consolidated
Sales revenue:
External customers			505,527				2,128,833				675,986				94,012				3,404,358				—				3,404,358
Intersegment			—				53,637				364				4,445				58,446				(58,446	)			—
Total			505,527				2,182,470				676,350				98,457				3,462,804				(58,446	)			3,404,358
Segment profit (loss)			67,442				46,415				84,597				532				198,986				—				198,986

Explanatory notes:

 

1.	Intersegment sales revenues are generally made at values that approximate arm’s-length prices.

2.

Reconciling items include elimination of intersegment transactions and balances as well as unallocated corporate assets. Unallocated corporate assets, included in reconciling items as of September 30, 2020 and 2021 amounted to JPY 1,038,671 million and JPY 954,524 million, respectively, which consist primarily of the Company’s cash and cash equivalents and financial assets measured at fair value through other comprehensive income.

In addition to the disclosure required by IFRS, Honda provides the following supplemental information for the financial statements users:

Supplemental geographical information based on the location of the Company and its subsidiaries

As of and for the six months ended September 30, 2020

 

		Yen (millions)
		Japan				North America				Europe				Asia				Other Regions				Total				Reconciling Items				Consolidated
Sales revenue:
External customers			1,000,257				3,131,740				236,291				1,231,944				174,912				5,775,144				—				5,775,144
Inter-geographic areas			671,172				171,326				62,830				193,489				2,622				1,101,439				(1,101,439	)			—
Total			1,671,429				3,303,066				299,121				1,425,433				177,534				6,876,583				(1,101,439	)			5,775,144
Operating profit (loss)			(75,077	)			119,316				11,238				90,937				2,074				148,488				20,777				169,265
Assets			4,728,606				11,296,663				651,703				2,948,224				458,061				20,083,257				413,916				20,497,173
Non-current assets other than financial instruments, deferred tax assets and net defined benefit assets			3,027,858				4,659,373				59,496				645,196				106,292				8,498,215				—				8,498,215

As of and for the six months ended September 30, 2021

 

		Yen (millions)
		Japan				North America				Europe				Asia				Other Regions				Total				Reconciling Items				Consolidated
Sales revenue:
External customers			1,106,802				3,831,856				318,011				1,450,916				280,643				6,988,228				—				6,988,228
Inter-geographic areas			992,233				236,406				80,288				309,897				5,139				1,623,963				(1,623,963	)			—
Total			2,099,035				4,068,262				398,299				1,760,813				285,782				8,612,191				(1,623,963	)			6,988,228
Operating profit (loss)			15,049				279,456				12,867				133,867				17,067				458,306				(16,110	)			442,196
Assets			5,042,889				12,216,115				535,349				3,288,559				517,500				21,600,412				303,854				21,904,266
Non-current assets other than financial instruments, deferred tax assets and net defined benefit assets			3,022,583				5,175,359				57,248				637,098				135,257				9,027,545				—				9,027,545

 

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