Honda’s Sales Feel Pinch From Yen Strength – Wall Street Journal

Posted: Tuesday, August 02, 2016

TOKYO—Honda Motor Co. turned in a solid quarter despite the headwinds from a higher yen, citing strong sales in the U.S. and China.

Honda said net profit fell 6% in the April-June period to ¥175 billion ($1.72 billion), but that was because the Japanese currency rose against the dollar, eating into the value in yen terms of dollars earned overseas. The company maintained its projection for a net profit of ¥390 billion in the year…

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