Honda Raises Profit Forecast on U.S. Sales Outlook
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Honda Motor Co., Japan’s third-largest carmaker, increased its profit forecast 6 percent as rising U.S. auto sales and Asian motorcycle demand helped offset the negative impact of a stronger yen.
The maker of Accord sedans and Civic compacts expects net income of 530 billion yen ($6.5 billion) in the year ending March 31, compared with an earlier estimate of 500 billion yen, the Tokyo-based company said today in a statement.