Honda Motor sees vehicles sales edging up, slide in profit in 2017/18

by SpeedLux
Honda Motor

Honda Motor forecast a 16 percent drop in operating earnings for the current financial year as the automaker sees greater automobile sales being balanced out by a stronger yen and research and development expenses.

Honda stated it anticipates an operating revenue of 705 billion yen ($6.34 billion) in the year to March, that’s less than 840.7 billion yen published in the year just ended, and less than an average quote of 850.8 billion as per 23 analysts polled by Thomson Reuters I/B/E/ S.

It observes a 14 percent slide in net profit to 530.0 billion yen in 2017/18.

Honda’s forecasts are based on a thought that the yen will average 105 yen to the United States dollar through March, more powerful than both its 108 yen rate in the year just ended.

Executive Vice President Seiji Kuraishi considered that Honda’s expected currency hit of 95 billion yen was based on a “conservative” yen forecast, adding that growing expenses to develop next-generation vehicles would also affect revenues.

“Our expenses are rising to develop new innovations which will be required in the future, like automated driving functions and electric vehicles,” he informed reporters.

Honda’s continuous research and development of self-driving vehicles, lower-emissions powertrains and brand-new mobility services comes as automakers in Japan look for ways to add more worth to their vehicles beyond the quality and reliability which sustained their international development over the last decades.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.


©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More