Hyperdrive
Honda Still Optimistic on Sales Despite Weak Second Quarter
- Sales in Japan, the US robust as motorcycle unit performs well
- Second-quarter income however was short of analyst estimates
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Honda Motor Co. raised its full-year guidance despite turning in second-quarter results that fell short of analyst estimates. Its shares slumped as much as 8.2%.
The Japanese carmaker is now forecasting sales of ¥21 trillion ($136.4 billion) for the fiscal year ending March 2025, better than the ¥20.3 trillion it previously thought it may do. It still sees operating income for the 12 months of around ¥1.42 trillion.