Honda Motor Co Ltd

7267: XTKS (JPN)
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¥‎6,289.00VnpJmkbrpgr

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.

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