Honda Motor consolidated operating income fell 27.1% to JPY370.1bn in the first fiscal half year to 30 September as currency effects, rising raw material costs and increased expenses affected results.
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Consolidated net sales and other operating revenue fell 3.5% to JPY5,694.0bn.
Income before income taxes fell 21.2% to JPY384.5bn.
Equity in income of affiliates rose 3.5% to JPY 65.4bn.
Net income fell 19.1% to JPY 302.9bn.
Vehicle sales rose just 0.7% as sales rose in Asia and other regions including Brazil.
Honda forecast full-year vehicle sales up 2.3% to 4.015m units.
But it has revised its forecast net sales and other operating revenue down 3.4% compared with FY08 to JPY11,600bn, operating income down 42.3% to JPY550bn, income before income taxes down 35.3% to JPY580bn, affiliate income equity up 5.1% to JPY125.0bn and net income off 19.2% to JPY485bn.
