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Honda posts 4.2% rise in full-year operating profit

Honda posts 4.2% rise in full-year operating profit
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Last Updated: May 14, 2021, 02:19 PM IST
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Japan s No.2 carmaker by sales said annual operating profit for the year to March 31 was 660.2 billion yen ($6.04 billion), against 633.6 billion yen the previous year.
Reuters
Honda Motor Co on Friday posted a 4.2 % increase in annual operating profit, with car sales recovering from the impact of the COVID-19 pandemic.
Japan s No.2 carmaker by sales said annual operating profit for the year to March 31 was 660.2 billion yen ($6.04 billion), against 633.6 billion yen the previous year.
The result was better than a consensus estimate of a 560.2 billion yen profit, drawn from SmartEstimate, and beat Honda s February estimate of 520 billion yen. ....

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UPDATE 1-Honda returns to profit but expects chip shortage to crimp 2021 earnings

UPDATE 2-Honda returns to profit but sees chip shortage crimping 2021 earnings
Reuters
2 hrs ago
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2021 op profit forecast of 660 bln yen below expectations (Adds details, company executive s comment)
TOKYO, May 14 (Reuters) - Honda Motor Co on Friday reported a rebound to profit for the fourth quarter, helped by cost cuts, but warned semiconductor shortages and higher raw material costs would curb growth in the current year.
Its forecast for operating profit of 660 billion yen ($6.04 billion) in the year that began on April 1 was short of a 791.7 billion estimate by analysts, SmartEstimate data showed.
Seiji Kuraishi, Honda s executive vice president, said 100,000 vehicles were affected last year by the chip shortage, and its impact will continue in the first half of the year. ....

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Honda returns to profit but sees chip shortage crimping 2021 earnings

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Honda posts 4.2per cent rise in full-year operating profit

Honda posts 4.2per cent rise in full-year operating profit
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Honda posts 4.2per cent rise in full-year operating profit
Honda Motor Co on Friday posted a 4.2 per cent increase in annual operating profit, with car sales recovering from the impact of the COVID-19 pandemic.
FILE PHOTO: Honda s logo on its Modulo model is pictured at its showroom at its headquarters in Tokyo, Japan, February 19, 2019. REUTERS/Kim Kyung-hoon
14 May 2021 04:15PM
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TOKYO: Honda Motor Co on Friday posted a 4.2 per cent increase in annual operating profit, with car sales recovering from the impact of the COVID-19 pandemic. ....

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