Honda 3Q profit doubles, sales get weak yen boost — Nashoba Publishing Online

19 Июн 2015 | Author: | Комментарии к записи Honda 3Q profit doubles, sales get weak yen boost — Nashoba Publishing Online отключены
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Honda 3Q profit doubles, get weak yen boost

A man checks a vehicle displayed in front of the Motor Co. headquarters in Tokyo, Jan. 31, 2014. Honda’s third quarter profit from a year earlier as got a big perk from a weak

Honda Motor Co. reported on a 160.7 billion yen ($1.58 net profit for the October-December quarter, up 77.4 billion yen the year


TOKYOHonda’s quarterly profit from a year earlier as got a big perk from a weak

Honda Motor Co. reported on a 160.7 billion yen ($1.58 net profit for the October-December fiscal quarter, up from 77.4 yen the year before.

The maker of the Fit Odyssey minivan and Asimo posted a 25 percent jump in sales to 3.02 trillion yen billion).

A favorable exchange helped Honda’s fortunes. The has been trading above 100 yen with about 80 yen a year A weak yen helps lift the of Japanese exporters’ overseas

About 425 billion yen ($4.2 of Honda’s sales and other revenue was due just to a favorable for the quarter.

Honda stuck to its forecast for a 580 billion yen ($5.7 profit for the fiscal year March 31, 2014, up 58 percent the previous fiscal year, on trillion yen ($118.6 billion) up nearly 23 percent.

Tokyo-based Honda, like Japanese automakers, has bounced from troubled years, as the 2011 tsunami and earthquake in Japan that devastated suppliers and disrupted production.

was also hurt by flooding in in late 2012. Anti-Japanese that flared up in China sales in that key growth last year.

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Honda NAS

Honda said its results helped by cost cuts and the of new models, in addition to the help it got a weak yen. It sales in North America, Japan and the of Asia.

During the quarter, sold 1.08 million around the world, up nearly 10 from a year earlier. It reported an 11 percent jump in sales.

It expects to sell 4.39 million vehicles for the year through March up 9 percent from 4.01 in the previous year. Although that’s lower than its forecast of 4.43 million as it expects fewer sales in America, Asia and Europe.

For the nine months through 2013, Honda’s net profit nearly 39 percent to 403.5 yen ($4 billion). Nine-month sales 23 percent to 8.75 trillion yen billion).

Toyota Motor the world’s top automaker, reports Tuesday, while Nissan Co. reports Feb. 10.

Follow Kageyama on Twitter at twitter.com/yurikageyama

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