Honda Motor said Tuesday it was raising annual forecasts after first-half profits rose over 19 percent on brisk sales of motorcycles in Asia. Japan’s third largest automaker now expects net profit to reach 675 billion yen for the fiscal year ending March, down from last year but a
Honda Motor said Tuesday it was raising annual forecasts after first-half profits rose over 19 percent on brisk sales of motorcycles in Asia.
Japan’s third largest automaker now expects net profit to reach 675 billion yen for the fiscal year ending March, down from last year but a still an increase from its forecast last quarter.
It also revised up annual sales to to 15.8 trillion yen.
The company said it was seeing strong growth in the sales of motorbikes in Indonesia, Vietnam and other Asian countries, and touted cost-cutting efforts.
