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The country’s second-largest automaker anticipates its full-year operating profit to reach ¥1.0 trillion (¥1 = $0.0074) ($7.40 billion), surpassing the average estimate of ¥985.62B provided by 21 analysts. The company attributes this growth forecast to higher sales volume and the advantages gained from a strengthened supply chain.
However, Honda’s operating profit for the three-month period ending on March 31 amounted to ¥105.5B, falling short of the average analyst estimate of ¥164.78B, as revealed by a poll conducted by Refinitiv involving 11 analysts.
Shares of HMC are up 1.89% in afternoon trading on Thursday.
