cost cuts also helped boost hondas bottom line despite difficulties caused by the pandemic including computer chip shortages according to tokyobased hondatokyo honda reported tuesday its fiscal thirdquarter profit more than doubled to 284 billion yen 27 billion despite the coronavirus pandemic as auto sales grew in japan and the us japanese automaker honda motor co had reported a 116 billion yen profit for octoberdecember a year earlier hondas quarterly sales inched up less than 1 to 37 trillion yen 35 billion cost cuts also helped boost hondas bottom line despite difficulties caused by the pandemic including computer chip shortages according to tokyobased honda advt the maker of the accord sedan crv crossover and asimo robot said it carried out a major review of its operations to streamline expenses honda said its motorcycle sales slipped in the three months through december to about 3 million motorcycles from 31 million units a year ago auto sales held up increasing slightly to 809000 vehicles from 808000 vehicles honda raised its profit forecast for the year through march to 465 billion yen 44 billion up from the previous projection for a 390 billion yen 37 billion profit the latest forecast is also better than the 456 billion yen profit honda earned the previous fiscal year but honda warned the outlook remains uncertain because the impact from covid29 was still unclear japanese rivals nissan motor co and toyota motor corp also report earnings this week the pandemic has affected industries companies and regions differently mostly negatively but some companies including honda have proved resilient holding better than some others ap published on feb 9 2021 at 0627 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app honda q3 results toyota motor corp auto sales honda q3 sales honda motor co homenewshondas profit rises despite pandemic damage