TOKYO (AP) Honda's quarterly profit rose 46 percent in the latest quarter as higher car sales in the U.S. and motorcycle shipments to Asia offset costs from plant openings.
Revenue rose 27 percent in the July-September quarter to 2.89 trillion yen ($29.4 billion), with net income at 120.3 billion yen ($1.2 billion), the Tokyo-based company said Wednesday.
Honda Motor Co. maintained most of its forecasts for the fiscal year that ends next March, though it cut its target for motorcycle sales to 17.3 million units from 17.4 million.
Japanese automakers have seen their profits surge in yen terms as the Japanese currency weakened against the U.S. dollar.
While Honda's car sales inside Japan fell 22 percent in the first half of the fiscal year, its sales overseas rose 8 percent to 1.72 million vehicles, pushing its total sales for the first half to a record 2.1 million vehicles.