Japan: Honda forecasts 63% fall in net income in FY2012

Honda has outlined its forecasts for financial performance in the fiscal year ending 31 March 2012 (FY2012), indicating expected significant falls in revenue and profits versus the results achieved in FY2011. The OEM is forecasting FY2012 revenue of ¥8,300bn (US$103.3bn), a year-on-year decline of 7.1% from the ¥8,936.9bn generated in FY2011, Subscribe to Automotive World … Continued

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• June 14, 2011