UPDATE 2-Honda slashes annual profit outlook on disasters, yen


* Sees 2011/12 op profit at Y200 bln, far below consensus * Q3 operating profit drops to Y44.3 bln, also below consensus * Investors eye anticipated sales rebound * Honda shares outperform Japan auto sector in year-to-date * Concerns over competitiveness after Civic panned (Adds analyst and trader comment, rewrites lead paragraph) By Chang-Ran Kim TOKYO, Jan 31 (Reuters) - Honda Motor Co forecast a worse-than-expected 65 percent drop in profit for the year to March after natural disasters ...

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