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Honda returns to quarterly profit despite pandemic damage

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TOKYO – Honda swung into the black in January-March, recording a 213 billion yen ($2 billion) profit despite the lingering impact of the pandemic.

The results, released Friday, marked a reversal from 29.5 billion yen in red ink Honda Motor Co. racked up in the same quarter last year.

Quarterly sales rose nearly 5% to 3.6 trillion yen ($33 billion). Tokyo-based Honda’s profit for the fiscal year that ended in March totaled 657.4 billion yen ($6 billion), up 44% from the previous fiscal year.

Annual sales slipped nearly 12% to 13.2 trillion yen ($121 billion), but cost cuts helped support its bottom line. The results were better than Honda's internal forecasts.

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United States
Cases: 46 252 513
Deaths: 750 423
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Deaths: 459 652
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Deaths: 608 235
Recovered: 0
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Deaths: 141 607
Recovered: 0
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Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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