Honda trims FY 2021 net profit outlook to 555 bil. yen

Economy

Honda Motor Co. on Friday cut its net profit outlook for the current business year to 555 billion yen ($4.9 billion) amid output cuts. Honda's revised forecast from 670 billion yen represents a 15.6 percent fall in net profit for the fiscal year ending March 2022. The carmaker slashed its operating profit projection to 660 billion yen from its earlier forecast of 780 billion yen. Sales, meantime, are now seen at 14.60 trillion yen, down from its earlier estimate of 15.45 trillion yen. The latest sales outlook still represents a 10.9 percent increase from the previous fiscal year. For the fisca...

Kyodo News

Kyodo News