Honda Motor Co Ltd

7267: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	JPY 2,535.00	Lkgz	Tvfqynlz

A Weak Japanese Yen Boosts Honda's Fiscal 2023 Second Quarter Despite Chip Shortage Headwinds

David Whiston

Nov 10, 2022

Honda’s fiscal 2023 second quarter benefited from the Japanese yen being at an over 30-year low against the U.S. dollar, but EPS growing 14.8% year over year to JPY 110.85 still missed Refinitiv consensus of JPY 122.71. The chip shortage also led Honda to reduce its full-year consolidated auto sales forecast by 100,000 units to 4.1 million.

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