TOKYO, Japan — Honda’s profit for the fiscal year through March jumped 70% as vehicle sales grew and a weak yen buoyed overseas earnings, the Japanese automaker reported Friday.
The maker of the Accord sedan and CR Electric Proto motorcycles was less optimistic about this fiscal year, forecasting that its profit will decline nearly 10% to 1 trillion yen , as research and development spending was expected to increase to nearly 1.2 trillion yen from 964 billion yen. Honda Chief Executive Toshihiro Mibe told reporters there was “anxiety due to uncertainty about electrification” at the company, despite its latest robust profits.
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