TOKYO (AP) — Honda Motor Co. says its net profit in the October-December quarter tumbled 41 percent to 47.6 billion yen ($625 million) due to the strong yen and supply chain disruptions from flooding in Thailand.
The Japanese automaker said Tuesday that it forecasts a 215 billion yen net profit for the full year through March, down nearly 60 percent from a year earlier.
Honda scrapped its earnings forecast in October, when it released the last quarterly earnings, because flooding in Thailand made the outlook too uncertain.
Quarterly sales slid 8 percent during the fiscal fourth quarter to 1.942 trillion yen, it said in a statement.
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