Honda’s fiscal fourth quarter profit slipped to almost half of what the Japanese automaker earned the previous year as it endured supply shortages and rising raw materials costs.
Tokyo-based Honda Motor Co. reported Friday that its profit was 124.8 billion yen ($967 million) in the January-March quarter, down 41% from 213.3 billion yen a year earlier. Quarterly sales edged 7% higher to 3.88 trillion yen ($30 billion).
