TOKYO: Honda on Friday slashed its full-year net profit forecast by 3.5 percent to $4.6 billion owing to higher costs, as sales in Japan and China fell.

The Civic and Accord maker said it now expects a net profit of 545 billion yen for the fiscal year to March, compared with its earlier estimate of 565 billion yen.

Copyright AFP (Agence France-Presse), 2015