FILE PHOTO: The Honda logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy/File Photo
February 7, 2020
TOKYO (Reuters) – Honda Motor Co <7267.T> raised its forecast for full-year operating profit by 6% as a weaker yen increased the value of overseas sales.
The Japanese automaker raised its operating income forecast to 730 billion yen ($6.6 billion) for the year to March 31 from a previous estimate for 690 billion yen.
It adjusted its expectation for the yen to average 108 to the dollar for the 12-month period from a prior forecast of 107.
(Reporting by Kevin Buckland; Editing by Tom Hogue)
