TOKYO: Honda Motor reported a 50% drop in first-quarter operating profit on Thursday, as a stronger yen and the impact of U.S. President Donald Trump's tariffs took a toll on its results, but the company raised its full-year forecast.
Japan's second-biggest carmaker said quarterly operating profit totalled 244.2 billion yen ($1.66 billion) in the April-June period, more than 20% lower than the average estimate of 311.7 billion yen in a poll of seven analysts by LSEG.
