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The Independent UK
The Independent UK
National
Yuri Kageyama

Japan's Honda records lower profit, projects recovery ahead on sales rebound

Honda China Covid-19 Pandemic Semiconductor United States
Copyright 2021 The Associated Press. All rights reserved.

Honda’s profit for the fiscal year that ended in March dropped 1.7% as sales took a hit from a semiconductor shortage and restrictions in China related to the coronavirus pandemic.

But the Japanese automaker said Thursday that recovery was on the way, forecasting record sales and operating profitability for the current fiscal year.

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