Honda and Nissan raise annual profit forecasts due to weak yen

Japanese automakers' sales outlook clouded by chip shortage

Full-year profits for Nissan and Honda are expected to be higher due to a weak yen. (Source photos by Ken Kobayashi and Reuters)

SAYUMI TAKE, Nikkei staff writer

November 9, 2022 20:03 JST

TOKYO -- Japanese automakers Honda Motor and Nissan Motor on Wednesday revised up their annual earnings projection as a weaker yen offsets high raw material costs, although both now expect unit sales to be worse due to continuing semiconductor shortages.