Honda restates earnings after booking expanded airbag recall costs

By Minami Funakoshi TOKYO (Reuters) - Honda Motor Co on Friday restated its financial results for the business year ended March, to account for additional costs to cover an expanded recall of cars equipped with Takata Corp air bag parts. Under international accounting standards, which Honda adopted from this year, operating profit was 670.6 billion yen last year, down 19 percent from the previous year, it said, stating results under the new standards for the first time. Honda earlier this month