Japanese automakers post solid earnings in 2021

Japanese automakers post solid earnings in 2021

Six of Japan's seven major automakers fared well on their consolidated bottom lines in fiscal 2021, benefiting from the yen's weakening, according to earnings reports.

Net profit grew 7.6% to 707 billion at Honda Motor Co. and 9.5% to 160.3 billion at Suzuki Motor Corp. Nissan Motor Corp., Mazda Motor Corp. and Mitsubishi Motors Corp., reported net profits of 215.5 billion, 81.5 billion and 74 billion, respectively.

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