TOKYO -- Higher incentive spending and rising raw-material costs nicked operating profits at Nissan Motor Co. and Honda Motor Co. in the quarter ended Sept. 30.
Honda's operating profit fell 5.9 percent to 162.69 billion yen, or about $1.41 billion at current exchange rates, when compared with the year-ago quarter. Revenues rose 11.7 percent to $20.65 billion, while net income rose 5.2 percent to $1.18 billion.
Nissan's operating profits fell 5.5 percent to $1.81 billion from a year earlier. Revenues rose 11.5 percent to $20.73 billion. Net income rose 8.1 percent to
$1.10 billion because of accounting changes and tax adjustments.