Honda Motor Co., Ltd.
Factors Influencing this Quarter
Honda is concentrating on infrastructural development in North and South America to boost production. The automaker is also focused on introducing new products and expanding its business in Asia to attract more customers. The company's product launches help boost sales volume. Driven by these, Honda reported a 3.3% rise in U.S. sales to 1.23 million units in the first nine months of 2016. The company also has an impressive line-up of motorcycles.
However, Honda is witnessing declining sales volume in its domestic market, Japan. Sales in the Japanese market fell 6.9% year over year to 466,851 units in the first nine months of 2016.
Moreover, higher research and development expenses are affecting the company's operating income. It rose 4.3% year over year in first-quarter fiscal 2017 and is expected to increase for the fiscal. Further, Honda is being affected by...