Honda Q3 operating profit falls 22.3%

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Honda Motor operating profit for the fiscal third quarter to 31 December, 2015 fell 22.3% to JPY163bn yen due, the automaker said, "to profit-reducing factors such as an increase in selling, general and administrative (SG&A) expenses that include quality-related expenses and unfavorable currency effects". This would include considerable expense related to ongoing Takata airbag recalls.