Honda scored a 36% jump in earnings for the latest quarter, overcoming a variety of challenges, including a weakened yen and the cost of the ongoing Takata aitbag recall.
Cost cutting also helped overcome a slight downturn in global sales for the quarter, the third-largest Japanese automaker reporting a 168.8 billion yen, or $1.5 billion, profit for the October-December quarter, the third in its fiscal year. Honda earning 124.1 billion yen during the same period a year ago.
The automaker said it is expecting to see sales rebound slightly during the fiscal year’s final quarter, which ends on March 31. It also boost earnings guidance for the full year, though some observers question whether the automaker – like its Japanese rivals – could get caught up in a trade fracas as new U.S. Pres. Donald Trump presses the industry to move more jobs to the U.S.