Honda Motor Co. has reported a significant increase in its fourth-quarter operating profit, which grew more than sixfold from the previous year, driven by a weak yen and robust vehicle sales. The company also announced plans to allocate 1.19 trillion yen ($7.6 billion) for research and development in the fiscal year 2024/25, aiming to enhance its competitiveness in hybrid and other electrified vehicles. Additionally, Honda forecasts a 2.8% rise in full-year profit and expects solid demand for hybrid vehicles and two-wheelers. The company also revealed a share buyback program and reported a 70% increase in its net profit for the fiscal year 2023, reaching 1.11 trillion yen.
WATCH: Honda said it would increase research and development spending this financial year by nearly a quarter. It plans to spend $7.6 billion for R&D this year, up almost a quarter from last year https://t.co/4CWEbHhjZJ https://t.co/0wWSnF8L3t
Honda said it would increase research and development spending this financial year by nearly a quarter. It plans to spend $7.6 billion for R&D this year, up almost a quarter from last year https://t.co/8d5gMsWHHt https://t.co/yIdkD7t4ua
WATCH: Honda said it would increase research and development spending this financial year by nearly a quarter to boost its competitive edge in hybrid and other electrified vehicles, as it forecast a 2.8% rise in operating profit for 2024/25 https://t.co/4CWEbHhRPh https://t.co/RC04m2W9Je
Honda said it would increase research and development spending this financial year by nearly a quarter to boost its competitive edge in hybrid and other electrified vehicles, as it forecast a 2.8% rise in operating profit for 2024/25 https://t.co/8d5gMsWHHt https://t.co/2JjsIv3YYK
Honda FY 2023 net profit rises 70% to 1.11 tril. yen https://t.co/dT9udyixxt
Honda sees full-year profit rising 2.8% https://t.co/ZFghWKfiOY https://t.co/jqY7Do1Vdl
Honda forecast firm profit growth in the current fiscal year on solid demand for hybrid vehicles and two wheelers and said it would buy back more of its shares https://t.co/PdaAtqmxrD
Honda posts six-fold increase in Q4 operating profit https://t.co/BZfzJ2Uxs7 https://t.co/LmmVqwFGiA
Honda Motor Expects Annual Profit Fall, Announces Share Buyback https://t.co/pkdkqmDFQk
HONDA SAYS PLANS TO SPEND 1.19 TRILLION YEN FOR R&D IN FY2024/25
⚠️ HONDA POSTS SIX-FOLD INCREASE IN Q4 OPERATING PROFIT Full Story → https://t.co/X37LZ7c7q7 Japan's Honda Motor said on Friday its fourth-quarter operating profit grew more than six fold from a year earlier, helped by a weak yen and strong vehicle sales. https://t.co/yktbHn8WI9