Honda Motor Co. on Thursday raised its net profit outlook for the current fiscal year to 960 billion yen ($6.5 billion), up from its previous estimate of 930 billion yen, helped by the weaker yen.
The latest net profit projection for the year to March represents 47.4 percent growth from the previous year, according to the major Japanese automaker.
The company also lifted its operating profit estimate to 1.25 trillion yen from 1.2 trillion yen and sales outlook to 20.2 trillion yen from 20 trillion yen. The new figures represent year-on-year rises of 60.1 percent and 19.5 percent, respectively.
For the nine months ended Dec. 31, Honda reported a 49.1 percent growth in net profit to 869.61 billion yen with sales higher at 15 trillion yen, up 19.8 percent, thanks to factors including the yen's fall against the U.S. dollar and other currencies.
Operating profit in the period rose 46.7 percent to 1.08 trillion yen.
