Honda Motor Co., Ltd. (HMC) reported that its first-quarter profit attributable to owners of the parent decreased by 29.5% year-on-year, to 172.3 billion yen. Earnings per share attributable to owners of the parent was 97.92 yen, compared to 137.75 yen. Operating profit decreased by 15.7%, to 252.4 billion yen, due mainly to increased expenses, a decrease in profit attributable to decreased sales revenue and model mix as well as negative foreign currency effects.
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