Honda Motor Co. Ltd. defies its own projections, as well as analysts expectations, posting a ¥137 billion ($1.4 billion) profit in its fiscal year ended March 31, despite fourth-quarter losses. The fiscal profit, while 77.2% below the ¥600 billion ($6.2 billion) earned in the previous fiscal year, beat the auto maker’s ¥80 billion ($828 million) projection. Honda’s fiscal-year revenue decreased for the first time in nine years, with a profit of ¥10.0 trillion ($104 billion), 16.6% below ...

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