Honda Q4 down, sees decline this year

Newswire

TOKYO, April 25 (Reuters) - Honda Motor Co. posted a 19.7 percent drop in fourth-quarter net profit on Wednesday after a big one-off gain a year ago and projected a tough year ahead if the yen firms and hurts export earnings. January-March net profit at Japan's No.2 automaker fell to 176.18 billion yen ($1.49 billion), exceeding a consensus market estimate for 148.7 billion yen. Quarterly operating profit fell to 250.22 billion yen, down 26.6 percent from the previous year when it booked ...

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