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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

Business

Honda expects full-year earnings to rise 19% after Q4 misses.

Photo:Chaiwat Subprasom
Photo:Chaiwat Subprasom Photo:Chaiwat Subprasom
Photo:Chaiwat Subprasom
Photo:Chaiwat Subprasom Photo:Chaiwat Subprasom

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After missing fourth-quarter projections, Honda Motor Co (7267.T) estimated a 19.1% operational profit increase for this financial year on Thursday.

Japan’s second-largest carmaker estimated a full-year operating profit of 1.0 trillion yen ($7.40 billion) compared to 21 analysts’ average of 985.62 billion. It anticipated better revenue and supply chain improvements.

Operating profit for the three months to March 31 was 105.5 billion yen, compared to Refinitiv’s 11 analysts’ average forecast of 164.78 billion.


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