Apr 3, 2022
Weak yen helps Honda’s annual profit but fails to lift outlook
Honda Motor Co. issued an annual operating profit outlook that fell short of analysts’ projections, reflecting the impact of higher raw material costs and production disruptions caused by war, China’s COVID-19 lockdowns and a persistent global shortage of semiconductors for automobiles. Operating profit for the fiscal year through March 2023 will be ¥810 billion ($6.3