Honda planning 2012 - Honda planning to revise full year profit forecasts
Honda planning 2012 - Honda planning to revise full year profit forecasts
The Japanese automobile companies are in a flux this year with all the production disruption due to earthquake and also the volatile currency. Now it has been reported that Honda, Japan's third-largest carmaker, has reportedly stated that it may revise its full-year profit forecast when it announces first-half earnings in October, depending on how long the current market turmoil lasts.
The reports quoted Honda Chief Financial Officer Fumihiko Ike as saying that the prolonged drop in U.S. equities will lead to a decline in consumption and delayed car purchases. He also mentioned that the company is also concerned the yen may strengthen to the low 70s against the dollar, further hurting earnings from exports.
According to the reports, U.S. stocks Monday sank the most since December 2008 and European stocks Tuesday retreated for an eighth day, the longest losing streak since 2003.
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| Honda planning 2012 |
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| Honda planning 2012 |
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| Honda planning 2012 |
The Japanese automobile companies are in a flux this year with all the production disruption due to earthquake and also the volatile currency. Now it has been reported that Honda, Japan's third-largest carmaker, has reportedly stated that it may revise its full-year profit forecast when it announces first-half earnings in October, depending on how long the current market turmoil lasts.
The reports quoted Honda Chief Financial Officer Fumihiko Ike as saying that the prolonged drop in U.S. equities will lead to a decline in consumption and delayed car purchases. He also mentioned that the company is also concerned the yen may strengthen to the low 70s against the dollar, further hurting earnings from exports.
According to the reports, U.S. stocks Monday sank the most since December 2008 and European stocks Tuesday retreated for an eighth day, the longest losing streak since 2003.
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