Income Statements

Consolidated Statements of Income

Yen(millions)	FY2009	FY2010	FY2011	FY2012	FY2013
Net sales and other operating revenue	10,011,241	8,579,174	8,936,867	7,948,095	9,877,947
Cost of sales	7,419,582	6,414,721	6,496,841	5,919,633	7,345,162
Selling, general and administrative	1,838,819	1,337,324	1,382,660	1,277,280	1,427,705
Research and development	563,197	463,354	487,591	519,818	560,270
Operating costs and expenses	9,821,598	8,215,399	8,367,092	7,716,731	9,333,137
Operating income	189,643	363,775	569,775	231,364	544,810
Other income (expenses)	-27,909	-27,577	60,773	26,039	-55,919
Income before income taxes and equity in income of affiliates	161,734	336,198	630,548	257,403	488,891
Income tax expense	109,835	146,869	206,827	135,735	178,976
Equity in income of affiliates	99,034	93,282	139,756	100,406	82,723
Net income attributable to noncontrolling interests	-13,928	-14,211	-29,389	-10,592	-25,489
Net income attributable to Honda Motor Co., Ltd.	137,005	268,400	534,088	211,482	367,149
Basic net income attributable to Honda Motor Co., Ltd per common share	¥75.50	¥147.91	¥295.67	¥117.34	¥203.71

	FY2009	FY2010	FY2011	FY2012	FY2013
Operating costs and expenses as a percentage of Net Sales	74.1%	74.8%	72.7%	74.5%	74.4%
SG&A expenses as a percentage of Net Sales	18.4%	15.6%	15.5%	16.1%	14.5%
R&D expenses as a percentage of Net Sales	5.6%	5.4%	5.5%	6.5%	5.7%
Operating Margin	1.9%	4.2%	6.4%	2.9%	5.5%
Income before income taxes and equity in income of affiliates as a percentage of Net Sales	1.6%	3.9%	7.1%	3.2%	4.9%
Net income as a percentage of Net Sales	1.4%	3.1%	6.0%	2.7%	3.7%