Honda raises net profit outlook to 465 bil. yen on recovering sales

©Kyodo News

Honda Motor Co. said Tuesday it raised its net profit outlook to 465 billion yen ($4.4 billion) in fiscal 2020 from the previous estimate of 390 billion yen on recovering sales.

The Japanese automaker also revised its operating profit forecast upward to 520 billion yen in the current business year ending in March from 420 billion yen projected in November.