Honda Motor Co. on Monday reported second-quarter profit that missed analysts' estimates and withdrew its forecasts after flooding in Thailand crippled production in Southeast Asia.
Net income was ¥60.4 billion in the three months that ended Sept. 30, compared with ¥135.9 billion a year earlier, the company said. That missed the ¥66.1 billion average analyst estimate compiled by Bloomberg.
Honda, which made more than 170,000 cars in Thailand last year, scrapped its full-year forecasts as it reels from a disaster that has inundated 10,000 factories and flooded more than 80 percent of Thailand's 77 provinces since July.