Honda Motor Co. said Tuesday its group net profit surged in the April-June quarter to ¥131.72 billion, better than four times the year before, boosted by brisk car sales in major global markets.
The automaker reported an operating profit of ¥176.01 billion, nearly eight times more than the previous year, on sales of ¥2.44 trillion, up 42.1 percent, indicating a recovery from the supply chain disruptions triggered by the earthquake and tsunami.
Honda sold 999,000 cars in the first quarter, up 59.8 percent, with North America accounting for 450,000 vehicles and Japan 185,000.