Honda Joins Mazda in Share Drop After Forecast Miss: Tokyo Mover
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Honda Motor Co. and Mazda Motor Corp. fell in Tokyo trading as the Japanese carmakers forecast profits that missed analyst estimates. Suzuki Motor Corp. rose after earnings at its Indian unit almost doubled.
Honda fell as much as 3.7 percent to 3,860 yen on the Tokyo Stock Exchange, the stock’s biggest intraday decline in two months, as of 9:57 a.m. Mazda, Japan’s most export-dependent carmaker, fell as much as 5.2 percent to 328 yen. Suzuki rose as much as 7.8 percent to 2,533 yen. The benchmark Nikkei 225 Stock Average declined 0.7 percent.