Honda Motor Co. on Wednesday raised its full-year net profit outlook to 725 billion yen ($4.9 billion) due to robust sales of motorcycles and the greater impact of a weaker yen.

The latest net profit projection for the year to March 2023 represents 2.5 percent growth from the previous year. The automaker previously expected a net profit of 710 billion yen.

The company also lifted its operating profit estimate to 870 billion yen from 830 billion yen and revised up its sales outlook to 17.4 trillion yen from 16.8 trillion yen.

For the six months ended Sept. 30, Honda reported a 13.0 percent drop in net profit to 338.51 billion yen with sales of 8.09 trillion yen, up 15.7 percent.

Operating profit in the first half edged up 2.5 percent to 453.45 billion yen.

==Kyodo

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