Japanese shares ended lower on Monday as investors grew cautious ahead of corporate earnings reports, while rising Japanese government bond yields weighed on sentiment. "More local companies are set to announce their outlook but many of them are expected to be conservative so investors were cautious about buying stocks," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities. The real estate sector lost 3.26% to become the worst performer among the Tokyo Stock Exchange's 33 industry sub-indexes.
Honda Motor Co., Ltd. (NYSE:HMC) Q4 2024 Earnings Call Transcript May 11, 2024 Honda Motor Co., Ltd. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Thank you so much for taking time to join us here today. And I’d like […]
Honda’s profit for the fiscal year through March jumped 70% as vehicle sales grew and a weak yen buoyed overseas earnings, the Japanese automaker reported Friday. Annual profit at Tokyo-based Honda Motor Co. totaled 1.1 trillion yen ($7 billion) as sales surged nearly 21% to 20.4 billion yen ($131 million). Honda sold more than 2.8 million vehicles globally, up from 2.3 million a year earlier, with sales growing in Japan, the U.S. and Europe.