Honda Motor Co Ltd
7267: XTKS (JPN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥6,289.00 | Vnp | Jmkbrpgr |
A Weak Japanese Yen Boosts Honda's Fiscal 2023 Second Quarter Despite Chip Shortage Headwinds
Honda’s fiscal 2023 second quarter benefited from the Japanese yen being at an over 30-year low against the U.S. dollar, but EPS growing 14.8% year over year to JPY 110.85 still missed Refinitiv consensus of JPY 122.71. The chip shortage also led Honda to reduce its full-year consolidated auto sales forecast by 100,000 units to 4.1 million.