Honda profit misses estimates
TOKYO: Honda Motor Co., the biggest customer for troubled air-bag supplier Takata Corp., reported profit that missed analyst estimates as costly recalls to replace the devices expand. The automaker posted net income of 124.2 billion yen ($1 billion) in the quarter through December, according to a company statement. That compares with the 149.3 billion yen average of eight analysts' estimates compiled by Bloomberg. The company maintained its forecast for profit to rise to 525 billion yen for the fiscal year ending in March. Honda calling back more than 20 million vehicles to fix Takata-made air bags has distracted from the company's business results, with recalls expanding further this month. The carmaker is shouldering costs as investigators determine the root cause behind a defect linked to 10 deaths in its vehicles. Takata's devices have ruptured and injured about 100 more motorists in US alone, increasing Honda's quality-related expenses.