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Honda reduces its yearly operating profit estimate by 67% |
On Wednesday Honda reduced its yearly operating profit estimate by 67 percent, its third profit caution this year, as a deepening financial emergency continues to hit international vehicle demand and making the yen soar. The second-biggest carmaker of Japan now anticipates operating profit for the fiscal year to March 31 at 180 billion yen or $2 billion, about 81 percent fall from the previous year. It had earlier forecast 550 billion yen.[source]
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