Honda Motor Co. said Wednesday that it logged a record consolidated net profit of 597.03 billion yen on record sales of 9.91 trillion yen for the business year that ended March 31, thanks to strong auto sales in North America and Europe.
Group sales jumped 14.5 percent from the previous year to reset its record for a sixth consecutive year, while net profit surged 22.8 percent. Operating profit climbed 37.7 percent to 868.9 billion yen.
Company officials said that in addition to strong sales and a weaker, yen the robust figures were helped by a massive one-time gain stemming from a change in its employee pension operations.