Despite the lower takings, Toyota had raised its interim and full year dividend forecast

Japanese auto giant Toyota kept its annual net profit forecast unchanged on Wednesday, despite logging a 26 percent drop for the first half of this financial year. Although its second-quarter earnings were far lower than analyst expectations, the company still forecasts full-year net profit of 3.57 trillion yen.

Japanese auto giant Toyota kept its annual net profit forecast unchanged on Wednesday, despite logging a 26 percent drop for the first half of this financial year. Although its second-quarter earnings were far lower than analyst expectations, the company still forecasts full-year net profit of 3.57 trillion yen.

Honda said its profits slipped nearly 20% in the first half of the fiscal year from the same period the previous year, as sales suffered in China, the Japanese automaker.

Toyota’s July-September profit has sunk to less than half of what it was in the same period the previous year, as a production stoppage that followed a certification scandal and recalls dented vehicle sales.

Q3 semiconductor sales were up 23.2% y-o-y and 10.7 % m-o-m at $166 billion, says the SIA.

(Bloomberg) — Honda Motor Co. raised its full-year guidance despite turning in second-quarter results that fell short of analyst estimates. Its shares slumped as much as 8.2%.

(Bloomberg) — Mitsubishi Heavy Industries Ltd. posted quarterly net income that fell short of analysts’ projections due to a drop in defense orders, even as revenue continues to climb for core businesses.