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Honda Profit To Increase

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Honda Profit To Increase

Honda Profit To Increase

TOKYO – Honda Motor Co.

Reported a 13 decline in full-year operating profit on foreign exchange losses, rising incentives and one-time costs to restructure its European business.

Operating profit declined to 726.3 billion yen ($6.55 billion) in the fiscal year ended March 31, the Japanese carmaker said Wednesday.

Net income tumbled 42 percent to 610.3 billion yen ($5.51 billion) in the 12-month period.

Revenue advanced 3.4 percent to 15.36 trillion yen ($138.6 billion), as worldwide sales increased 2.5 percent to 5.3 million vehicles during the fiscal year.


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