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Japan’s Honda sees profit slide on chips, material cost woes

A woman walks in the rain near the logo of Honda Motor Company Friday, May 13, 2022, in Tokyo. Honda’s fiscal fourth quarter profit slipped to almost half of what the Japanese automaker earned the previous year amid headwinds of supply shortages and rising raw material costs. (AP Photo/Eugene Hoshiko) People walk near the logo of Honda Motor Company at a showroom Friday, May 13, 2022, in Tokyo. Honda’s fiscal fourth quarter profit slipped to almost half of what the Japanese automaker earned the previous year amid headwinds of supply shortages and rising raw material costs. (AP Photo/Eugene Hoshiko)