Honda Raises Full Year Forecast, Records 17% Fall in Q3

09 February 2022

    Honda Motor has raised its full-year operating forecast on Wednesday, propelled by cost-cutting and a weak yen, despite the global chip shortage.


    The automaker has upgraded its latest forecast for an operating profit of 800 billion yen for the year to March 31. Like other companies in the industry, Honda too has been affected by the global chip shortage but stuck to its plan to sell 4.2 million vehicles this business year. 


    Honda’s Q3 operating profit has, however, fallen by 17% to 229 billion yen as chip issues curbed car production.

    The content provided in this material and/or any other material that this content is referred to, whether it comes from a third party or not, is for information purposes only and shall not be considered as a recommendation and/or investment advice and/or investment research and/or suggestions for performing any actions with financial products or instruments, or to participate in any particular trading strategy and cannot guarantee any profits. Past performance does not constitute a reliable indicator of future results. Fondex does not represent that the material provided here is accurate, current, or complete and therefore shouldn't be relied upon as such. This material does not take into account the reader's financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Fondex, no reproduction or redistribution of the information provided herein is permitted.