TOKYO -- Honda forecast a 19 percent rise in operating profit for this business year, after it missed analysts' estimates in the fourth quarter.
Japan's second-biggest automaker forecast full-year operating profit rising to 1.0 trillion yen ($7.40 billion) compared with a 985.62-billion-yen average profit expected by 21 analysts, the automaker said Thursday in a statement.
Honda said it expected higher sales volume and to benefit from a strengthening supply chain.
Operating profit for the three months to Mar. 31 stood at 105.5 billion yen, compared to an average estimate of 164.78 billion yen in a poll by 11 analysts by Refinitiv.