TOKYO (Reuters) – Japan’s Honda Motor reported a 23% increase in first-quarter profit on Wednesday as the automaker benefited from a weaker yen, and maintaining its full-year profit forecast.
Japan’s second-biggest carmaker said quarterly operating profit totalled 484.7 billion yen ($3.3 billion) in the April-June period, versus an average estimate of 472.4 billion yen in a poll of seven analysts by LSEG.
The company stuck to its full-year operating profit forecast of 1.42 trillion yen.
($1 = 147.0100 yen)
(Reporting by Daniel Leussink; Editing by David Dolan and Tom Hogue)
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