Honda Motor Co. on Tuesday forecast its first profit decline in three years as deliveries to China and Japan weakened.
Net income will drop 1.6 percent in the year ending in March from the previous year to ¥565 billion, the company said in a statement.
The new forecast is 5.8 percent lower than the ¥600 billion the automaker forecast in April and the average of ¥640.7 billion predicted by several industry analysts.