Honda: aims to give full-year forecast with Q3 results

Newswire

TOKYO, Nov 30 (Reuters) - Honda Motor Co said on Wednesday that it aims to issue an earnings outlook for the financial year to March 2012 when it announces third-quarter results, usually released in late January.

"We won't know (about our full-year outlook) until around the time we have our third-quarter results," Honda Chief Financial Officer Fumihiko Ike told Reuters at the Tokyo Motor Show.

Honda withdrew its full-year guidance when it announced first-half results in October, due to uncertainty over the impact of flooding in Thailand.

Honda has an assembly plant with capacity to produce 240,000 cars a year on an industrial estate that was flooded in central Thailand, affecting 4.7 percent of its global output.

The company had been projecting a 270 billion yen ($3.47 billion) operating profit for the 2011/12 financial year, down from 570 billion yen the previous year. ($1 = 77.92 yen) (Reporting by Kentaro Sugiyama; Writing by Edmund Klamann; Editing by Chris Gallagher)

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