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Honda: 200,000 car sales would offset Y10 fall in dlr

Published 11/03/2010, 10:49 PM
Updated 11/03/2010, 10:52 PM

TOKYO, Nov 4 (Reuters) - Honda Motor Co would need to raise global car sales by about 200,000 units to offset a 10 yen fall in the U.S. dollar, its chief financial officer said on Thursday.

"If the dollar fell by 10 yen, that would push down annual operating profit by 170 billion yen ($2.1 billion) and we would need to raise global sales by about 200,000 units," Chief Financial Officer Yoichi Hojo told a small group of reporters.

He added that he expected Honda to be able to increase its U.S. sales by about 100,000 units and its emerging markets sales by another 100,000 next year.

Honda last week posted strong second-quarter earnings but disappointed with a conservative full-year forecast that suggested its second-half profits would fall to a quarter of what it made in the first six months. (Reporting by Chang-Ran Kim; Editing by Joseph Radford and Edwina Gibbs)

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