Honda Motor Co. said Friday that group sales, operating profit and net profit marked record highs for the business year ended March 31, thanks to brisk overseas sales.
But the automaker sharply lowered its earnings forecast for the 2008 business year to reflect the dollar's slide against the yen and surging raw materials costs.
For the latest year, Honda logged ¥12.0 trillion in group sales, up 8.3 percent from the previous year, marking its eighth consecutive year of record sales. Operating profit rose 11.9 percent to ¥953.1 billion.