The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Honda cuts sales forecasts on recalls, competition

Published Tue, Oct 28, 2014 · 09:50 PM
Share this article.

Tokyo

HONDA Motor Co Ltd cut its sales forecasts for this year, citing competition in Japan and China as well as the impact of recalls on new model launches, but said that a weak yen will help it stick to its operating profit estimate at 770 billion yen (S$9.1 billion). Japan's third-biggest

carmaker by revenue also said on Tuesday that operating profit fell 4.1 per cent to 164.4 billion yen in July-September, missing the 184.1 billion yen mean estimate of 14 analysts polled by Thomson Reuters I/B/E/S.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here