UPDATE 4-Honda sees lower profit on yen, small-car shift

Newswire

(Adds details throughout) By Chang-Ran Kim, Asia auto correspondent TOKYO, April 25 (Reuters) - Honda Motor Co. forecast a surprise 3 percent drop in profit this year citing an expected rise in the yen, high commodity prices and a global shift to lower-margin compact cars. Even taking into account Japanese carmakers' traditional conservatism, analysts said the guidance was exceptionally low given Honda's forecast that its global car sales were set to increase 7.7 percent to a record ...

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