Published • loading... • Updated
Honda’s profit slips as President Trump’s tariffs take their toll on Japanese automakers
Honda's profit fell 37% to 311.8 billion yen due to tariffs, chip shortages, and currency impacts despite record motorcycle sales of 10.7 million units, the company said.
- On Friday, Tokyo-based Honda Motor Co. reported a 311.8 billion yen profit for the first fiscal half through September, down 37% year‑on‑year.
- Tariffs and currency moves cut into results, with Honda saying tariffs caused a 164 billion yen and currency rates erased 116 billion yen from operating profit over six months.
- Vehicle and bike sales show mixed trends, as global vehicle sales fell to 1.68 million while motorcycle unit sales hit a record 10.7 million, led by more than 9 million sold in Asia.
- Honda cut its full‑year profit outlook to 300 billion yen, down from an earlier 420 billion yen forecast for the fiscal year through March 2026.
- Production lines remain disrupted, with vehicle output at Celaya, Mexico halted since Oct. 28 and North American plants adjusted from Oct. 27 due to Nexperia-related supply issues after Dutch government control and a Dongguan, China export block.
Insights by Ground AI
12 Articles
12 Articles
Japan listed firms to see 1st profit drop in 6 yrs amid U.S. tariffs: tally - The Morning Sun
Listed companies in Japan are projected to post a combined 7.8 percent year-on-year net profit decline for fiscal 2025, as higher U.S. tariffs weigh particularly on automakers and other manufacturers, a securities firm said Friday. If realized, this would mark the first profit drop in six years, with nonmanufacturers like shipping and retail also seeing notable declines, according to SMBC Nikko Securities Inc. It estimated the figures based on d…
·Pittsburg, United States
Read Full Article
Associated Press News+7 Reposted by 7 other sources
Honda's profit slips as President Trump's tariffs take their toll on Japanese automakers
Honda has reported a 37% drop in profit for the first fiscal half through September. The impact of tariffs from President Donald Trump and unfavorable currency rates offset strong motorcycle sales.
·New York, United States
Read Full Article
Coverage Details
Total News Sources12
Leaning Left5Leaning Right2Center4Last UpdatedBias Distribution46% Left
Bias Distribution
- 46% of the sources lean Left
46% Left
L 46%
C 36%
R 18%
Factuality
To view factuality data please Upgrade to Premium
