Takata storm clouds are fading for Honda.
We saw nothing in Honda’s fiscal 2018 first-quarter results to merit changing our moat rating or fair value estimate. The company had an easier year-over-year comparison for this quarter due to the April 2016 Kumamoto earthquake, but that soft comp only seemed to help the motorcycle segment, which saw operating profit more than double and segment operating margin increase year over year by 830 basis points to 15.5% thanks to a new model in Japan, the CBR250RR, and good demand in India, Thailand,...Honda Motor is the parent company of a group mainly develop, manufacture and distribute motorcycles, automobiles, power products, and also provide financing for the sale of those products. Principal manufacturing facilities are located in Japan, the United States of America, Canada, Mexico, the United Kingdom, Turkey, China, India, Indonesia, Malaysia, Thailand, Vietnam, Argentina, and Brazil. Co.'s principal business segments are motorcycles, automobiles, financial services, and power products & other business. Co.'s principal automobile products include passenger cars such as "Legend," "Accord," "Inspire," "Civic," "Insight," "City," "Acura RL," "Acura TL," "Acura TSX," and "Acura CSX".
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