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Honda slashes profit outlook on disasters, sees rebound

Reuters -- Honda Motor Co slashed its annual profit guidance to the lowest level in three years as it counted the cost of natural disasters in Japan and Thailand and a strong yen. But it forecast a healthy rebound next year.

Japan's No.3 automaker was the slowest to recover from the supply chain disruptions after the Japanese earthquake and tsunami and it was the only carmaker whose factory was inundated by historic floods in Thailand, Southeast Asia's export hub.

Honda cut its expectations for operating profit for the business year to March 31 by a quarter to 200 billion yen ($2.6 billion), below the average forecast of 24 analysts polled by Thomson Reuters I/B/E/S of 283 billion yen. It marks a drop of 65 percent compared with year-earlier profits.

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Submitted Feb 01, 2012 By: Mudsprings

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honda0105 Champion Author Tallahassee Posts:15,940 Points:1,243,150 Joined:Nov 2008	Message Posted: Feb 5, 2012 8:34:23 AM Ignore honda0105 Report Abuse Honda will rebound. Slower maybe, but it will come back. And without the salvation offered to a people whose culture has been around a lot longer than the US.
Fitwit Champion Author Stockton Posts:4,802 Points:1,034,755 Joined:May 2009	Message Posted: Feb 1, 2012 9:56:48 PM Ignore Fitwit Report Abuse They are going to need the money to rebuild but what they need more than the money is Yeshua, Salvation, Jesus. Lord bless them the people in Japan with knowledge of you and your everlasting kingdom.
us4usa Champion Author Missouri Posts:4,417 Points:778,215 Joined:May 2008	Message Posted: Feb 1, 2012 9:40:35 PM Ignore us4usa Report Abuse Good for them, but no thanks we are staying with Ford...
PoohMcGoo Champion Author South Carolina Posts:1,877 Points:473,580 Joined:Dec 2010	Message Posted: Feb 1, 2012 9:17:31 PM Ignore PoohMcGoo Report Abuse boring..
crowefamily1 All-Star Author Texas Posts:797 Points:293,755 Joined:Sep 2006	Message Posted: Feb 1, 2012 9:12:36 PM Ignore crowefamily1 Report Abuse I could care less about what happens to foreign car manufacturers. I only care about American factories.
humancry Champion Author Michigan Posts:3,779 Points:833,995 Joined:Nov 2006	Message Posted: Feb 1, 2012 8:53:27 PM Ignore humancry Report Abuse I feel so bad for them!!! There gonna be a few trillion short at years end, how will they be able to feed there greedy little nerds... Its a real heart breaker.
Ken2OD Champion Author Grand Rapids Posts:7,204 Points:1,607,770 Joined:Dec 2005	Message Posted: Feb 1, 2012 8:46:59 PM Ignore Ken2OD Report Abuse That was one monstrous write-off for them to take. Does it have the same effect as a good old fashioned USA BAILOUT?
PetroScopper Champion Author Houston Posts:4,859 Points:1,191,240 Joined:Aug 2008	Message Posted: Feb 1, 2012 8:46:35 PM Ignore PetroScopper Report Abuse Honda will be alright- they are making a quality product.
52mpger Rookie Author Maine Posts:13 Points:13,835 Joined:Jan 2012	Message Posted: Feb 1, 2012 8:41:17 PM Ignore 52mpger Report Abuse oh no! you mean that they don't make millions of dollars more!?!? oh darn
mike1881 All-Star Author Fayetteville Posts:694 Points:256,080 Joined:Feb 2011	Message Posted: Feb 1, 2012 8:41:16 PM Ignore mike1881 Report Abuse Very responsible. At least they are not trying to dupe investors.
heysailor Champion Author Pittsburgh Posts:7,742 Points:1,968,065 Joined:Mar 2006	Message Posted: Feb 1, 2012 8:40:43 PM Ignore heysailor Report Abuse Their cars are not the best any more, and not even that good
bevmill All-Star Author Georgia Posts:987 Points:248,465 Joined:Apr 2006	Message Posted: Feb 1, 2012 8:34:48 PM Ignore bevmill Report Abuse good for Honda.
mikaye Champion Author Cleveland Posts:2,230 Points:546,425 Joined:Jun 2010	Message Posted: Feb 1, 2012 8:33:29 PM Ignore mikaye Report Abuse responsible of them
DrLyon Champion Author Michigan Posts:4,907 Points:850,675 Joined:May 2006	Message Posted: Feb 1, 2012 8:32:25 PM Ignore DrLyon Report Abuse Still good to buy from US Based corporations....
nance92 All-Star Author Ohio Posts:769 Points:362,510 Joined:Mar 2009	Message Posted: Feb 1, 2012 8:28:38 PM Ignore nance92 Report Abuse It would be nice if they wouldn't threaten their dealerships if the dealership would work with car buyers on getting the best bargain. Honda threatened them that they would have their dealership pulled out from under them.
jwduke1 Champion Author Iowa Posts:14,355 Points:2,822,645 Joined:Apr 2004	Message Posted: Feb 1, 2012 8:26:48 PM Ignore jwduke1 Report Abuse At least they didn't have to borrow money from the government.....
saleboss Champion Author Phoenix Posts:3,227 Points:1,036,585 Joined:Feb 2006	Message Posted: Feb 1, 2012 8:25:26 PM Ignore saleboss Report Abuse It would be nice if they would cut car prices to make up for the loss!
BBopp Champion Author Dayton Posts:5,423 Points:1,673,480 Joined:Dec 2006	Message Posted: Feb 1, 2012 8:25:00 PM Ignore BBopp Report Abuse So glad they are rebounding.
dollarwatcher Champion Author Wisconsin Posts:6,077 Points:1,169,270 Joined:Mar 2007	Message Posted: Feb 1, 2012 8:24:32 PM Ignore dollarwatcher Report Abuse If you wonder why your new Honda smells fishy it's because it's been re-cycled.
camaro_man All-Star Author Kitchener-Waterloo Posts:596 Points:265,860 Joined:Jun 2010	Message Posted: Feb 1, 2012 8:22:00 PM Ignore camaro_man Report Abuse wow
hcivic Champion Author Virginia Posts:2,079 Points:1,911,555 Joined:Aug 2005	Message Posted: Feb 1, 2012 8:19:20 PM Ignore hcivic Report Abuse and they just had a great snowfall that killed 51 I think
luvmyburgi Champion Author Ohio Posts:4,115 Points:606,660 Joined:Sep 2005	Message Posted: Feb 1, 2012 8:18:15 PM Ignore luvmyburgi Report Abuse Good for Honda
peapaw Champion Author Ohio Posts:1,953 Points:324,670 Joined:Jun 2011	Message Posted: Feb 1, 2012 8:18:10 PM Ignore peapaw Report Abuse ok
paulydel Champion Author Delaware Posts:7,277 Points:724,640 Joined:Jan 2008	Message Posted: Feb 1, 2012 8:17:44 PM Ignore paulydel Report Abuse Something is better than nothing.
YellowDucky Champion Author St. Louis Posts:1,524 Points:425,380 Joined:Oct 2010	Message Posted: Feb 1, 2012 8:13:18 PM Ignore YellowDucky Report Abuse recovery is naturally slow after natural disasters.
pjslyfox All-Star Author Grand Rapids Posts:658 Points:822,820 Joined:Feb 2006	Message Posted: Feb 1, 2012 8:11:26 PM Ignore pjslyfox Report Abuse Honda, go back to Japan! We don't need your cars, we have our own.
BooHooMI Champion Author Michigan Posts:1,541 Points:341,485 Joined:Sep 2010	Message Posted: Feb 1, 2012 8:10:26 PM Ignore BooHooMI Report Abuse Ouch!
nobodyMO Champion Author Kansas City Posts:1,858 Points:438,050 Joined:Nov 2010	Message Posted: Feb 1, 2012 8:02:21 PM Ignore nobodyMO Report Abuse ok
Romey08 Champion Author Virginia Posts:4,728 Points:1,122,275 Joined:Apr 2008	Message Posted: Feb 1, 2012 7:53:29 PM Ignore Romey08 Report Abuse Honda has to do what it can to make ends meet.
vibdata Champion Author Massachusetts Posts:2,953 Points:623,760 Joined:Nov 2005	Message Posted: Feb 1, 2012 7:49:17 PM Ignore vibdata Report Abuse Any excuse to cut the tax burden. Any excuse to have people buy "pity cars." Nice try. Won't work.
jony Champion Author Florida Posts:5,734 Points:1,338,890 Joined:May 2006	Message Posted: Feb 1, 2012 7:46:44 PM Ignore jony Report Abuse I suppose they will raise prices now
naiiawah All-Star Author Boise Posts:601 Points:328,965 Joined:Mar 2011	Message Posted: Feb 1, 2012 7:42:26 PM Ignore naiiawah Report Abuse I understand the Earthquake & Tsunami causes here, but the Thailand flooding? What/how does that affect Honda? Do they have facilities there? First I've ever heard of it if so.
feistyfella All-Star Author Georgia Posts:505 Points:116,520 Joined:Jun 2010	Message Posted: Feb 1, 2012 7:36:57 PM Ignore feistyfella Report Abuse Nice 1
reidlej Veteran Author Columbus Posts:358 Points:278,300 Joined:Jul 2011	Message Posted: Feb 1, 2012 7:30:44 PM Ignore reidlej Report Abuse Ouch for Hinda. I did not realize that much impact.
BKool Champion Author Michigan Posts:4,858 Points:1,820,625 Joined:Aug 2005	Message Posted: Feb 1, 2012 7:30:12 PM Ignore BKool Report Abuse Disasters are on the rise.
dsaine Champion Author North Carolina Posts:1,075 Points:267,420 Joined:May 2011	Message Posted: Feb 1, 2012 7:30:03 PM Ignore dsaine Report Abuse We need the work here.
HDFXR1991 Veteran Author Wisconsin Posts:323 Points:92,555 Joined:Sep 2008	Message Posted: Feb 1, 2012 7:28:15 PM Ignore HDFXR1991 Report Abuse Blah Blah Blah
StrangeLuv Champion Author Kansas City Posts:1,886 Points:540,615 Joined:Jul 2008	Message Posted: Feb 1, 2012 7:27:06 PM Ignore StrangeLuv Report Abuse Good.
Bigred111NC Sophomore Author North Carolina Posts:193 Points:38,790 Joined:Jan 2012	Message Posted: Feb 1, 2012 7:25:43 PM Ignore Bigred111NC Report Abuse thats good
Ticoman54 Champion Author Miami Posts:5,409 Points:1,151,135 Joined:Oct 2008	Message Posted: Feb 1, 2012 7:24:55 PM Ignore Ticoman54 Report Abuse No surprises here.
duffee01 All-Star Author Mississippi Posts:585 Points:171,465 Joined:Sep 2011	Message Posted: Feb 1, 2012 7:20:39 PM Ignore duffee01 Report Abuse Build them in the newest right to work state?
032946 Champion Author Twin Cities Posts:18,023 Points:3,687,785 Joined:Oct 2001	Message Posted: Feb 1, 2012 7:14:15 PM Ignore 032946 Report Abuse Build more here.
cablguy29 Veteran Author New Hampshire Posts:278 Points:92,455 Joined:Dec 2011	Message Posted: Feb 1, 2012 7:12:03 PM Ignore cablguy29 Report Abuse They should move some more of their plants to America.
DriverofRed All-Star Author Calgary Posts:584 Points:113,865 Joined:Dec 2011	Message Posted: Feb 1, 2012 7:07:41 PM Ignore DriverofRed Report Abuse ok
CAD69 Champion Author Milwaukee Posts:1,521 Points:495,840 Joined:Nov 2010	Message Posted: Feb 1, 2012 7:03:04 PM Ignore CAD69 Report Abuse OK?
carloco75 Champion Author Richmond Posts:2,092 Points:301,205 Joined:Oct 2010	Message Posted: Feb 1, 2012 6:58:19 PM Ignore carloco75 Report Abuse And this story doesn't help reduce fuel prices thus it is "UI...Useless Information"
carloco75 Champion Author Richmond Posts:2,092 Points:301,205 Joined:Oct 2010	Message Posted: Feb 1, 2012 6:57:09 PM Ignore carloco75 Report Abuse But...the factory stereo was cheap and I don't like the after market look...
carloco75 Champion Author Richmond Posts:2,092 Points:301,205 Joined:Oct 2010	Message Posted: Feb 1, 2012 6:56:20 PM Ignore carloco75 Report Abuse Than Accord became my favorit
carloco75 Champion Author Richmond Posts:2,092 Points:301,205 Joined:Oct 2010	Message Posted: Feb 1, 2012 6:56:04 PM Ignore carloco75 Report Abuse Civic was my favorit model...
carloco75 Champion Author Richmond Posts:2,092 Points:301,205 Joined:Oct 2010	Message Posted: Feb 1, 2012 6:55:41 PM Ignore carloco75 Report Abuse Than the Civic became a space ship on the inside...