Honda said on Friday it would restate its results for the financial year ended 31 March 2015 due to additional costs in the US related to Takata airbag recalls.
The automaker said these totalled JPY44,800m (about US$363m).
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A Honda spokesman told Reuters US accounting rules meant the charges had to be booked in the previous fiscal year rather than the current year.
Honda said in its statement there would be no change to previously announced dividend payments or financial forecasts.
The automaker said in April operating income for its fiscal fourth quarter to 31 March, 2015 fell 32.3% to to JPY111.9bn due to cost rises “including quality-related expenses” and a decline in automobile unit sales in Japan.
Operating income for the full fiscal year was down 13.1% to JPY651.6bn and net income fell 8.9% to JPY522.7bn for the same reasons as in the final quarter.
