Tokyo — Honda Motor revved up its annual profit outlook on Wednesday on strong motorcycle sales and a lower yen, but the more upbeat figures still represent a drop from the previous year. Japan’s third-largest car maker now expects net profit of ¥585bn ($5bn) for the year to March 2018 instead of the earlier projected ¥545bn. However, the revised, increased figure would still be down five percentage points from the previous year’s profit. The company raised its operating-profit forecast from ¥725bn to ¥745bn, down 11.4% from the previous year. The sales forecast was hiked from ¥14.5-trillion to ¥15.05-trillion, up 7.5% from last year. For the six months to September, operating profit fell nearly 15%, despite sales growth, hit by a one-time pension charge and costs related to faulty Takata airbags. Honda made its profit forecast revisions to reflect an "increase in consolidated motorcycle unit sales and favourable foreign currency effects," the firm said in a statement. Honda now exp...

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