UPDATE 2-Honda Q1 profit down but full-year forecast up

Newswire

(Adds company and analyst comments, Japan sales forecast cut) By Chang-Ran Kim TOKYO, July 29 (Reuters) - Honda Motor Co , Japan's second-biggest auto maker, posted a 12 percent fall in quarterly operating profit on Tuesday, hit by a sales slump at home and a weak dollar, but it raised its full-year forecasts. Factoring in smaller-than-expected currency losses, Honda forecast that its operating profit for the year to March 31 would fall 6.6 percent from last year to 644 billion yen, ...

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