Weak yen helps Honda’s annual profit but fails to lift outlook

Honda’s annual output was 4.1 million units for the fiscal year that ended March 2022, marking a third-straight annual decline. | BLOOMBERG

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

Popular Posts
Featured Posts
Recent Posts
Popular in Bitcoin
Trending Posts