Honda boosted fiscal second quarter operating profit 70% year on year to JPY171.4bn despite higher costs after vehicle sales in North America and motorcycle sales in Asia rose.

Pre tax profit rose 56% to JPY165.5bn yen and net profit was up 46.3% to JPY120.3bn.

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First half operating profit was up 28.7% to JPY356.4bn and net profit rose 13.5% to JPY242.8bn.

The automaker has left full year forecasts unchanged.

Reuters noted the second quarter net profit rise of 46% was slightly less than expected with the JPY120.4bn below the average estimate of 134.9bn yen in a Thomson Reuters I/B/E/S poll of six analysts.

The full year net profit forecast remaining at JPY 580bn yen was below expectations of JPY610.8bn yen in a Thomson Reuters I/B/E/S survey of 21 analysts.

The news agency said Honda has been facing high costs of expansion to build new plants and lines as it aims to boost worldwide car sales to 6m vehicles by 31 March, 2017, compared with a record 4.01m in the fiscal year ended March 2013.

Honda sold 413,434 vehicles in the US in the second fiscal quarter, up 13.1% year on year.

Nissan Motor will report results on 5 November and market Toyota on 6 November.

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