After missing fourth-quarter projections, Honda Motor Co (7267.T) estimated a 19.1% operational profit increase for this financial year on Thursday.
Japan’s second-largest carmaker estimated a full-year operating profit of 1.0 trillion yen ($7.40 billion) compared to 21 analysts’ average of 985.62 billion. It anticipated better revenue and supply chain improvements.
Operating profit for the three months to March 31 was 105.5 billion yen, compared to Refinitiv’s 11 analysts’ average forecast of 164.78 billion.
