Honda Motor boosted operating income for the fiscal first quarter to 30 June 2014 7.1% to JPY198bn yen thanks to new model launches in Japan and Asia and cost reduction.

Consolidated pre-tax income rose 15.6% to JPY198.8bn and net incomewas up 19.6% to JPY146.5bn.

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Revenue rose to JPY2,988.2bn from JPY2,834bn. Automobile sales increased to 1.061m from 999,000.

Foreign exchange movements in the first quarter prompted Honda to boost its full year operating income forecast from JPY760bn to JPY770bn and net income from JPY595bn to JPY600bn.

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