US EditionHonda Motor reports 76% plunge in operating profit in huge earnings miss
- Honda Motor, Japan's second-largest automaker, reported a 76% plunge in operating profit and forecasted a 70% net profit drop for 2025-26 on May 13, 2025.
- The decline follows U.S. President Donald Trump's 25% tariff on imported vehicles last month, intended to boost the US auto industry but damaging Japanese carmakers.
- Honda's sales volume decreased mainly in China and Southeast Asia's ASEAN region, despite expanded hybrid vehicle sales and incentives for EVs in North America.
- CEO Toshihiro Mibe stated tariffs and recovery efforts would cost about 450 billion yen and called the impact 'very significant' with frequent policy revisions complicating outlooks.
- Honda expects 250 billion yen net profit for the year ending March 2026, and analysts suggest its US production of 60% of sold vehicles may lessen tariff impact.
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Honda forecasts 70% net profit drop citing 'tariff impact'
Japan's Honda Motor on Tuesday forecast a 70 percent drop in net profit for the 2025-26 financial year as US trade tariffs weigh on the global auto industry.
·Calhoun, United States
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Honda sees full-year profit declining 59% as US tariffs bite
Japan's Honda Motor forecast a 59% profit decrease for the current financial year on Tuesday as the impact of U.S. President Donald Trump's tariffs and a stronger yen offset gains from demand for its hybrid lineup.
·United Kingdom
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