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Honda Motor Co. reported that its first-quarter net profit more than doubled to a record 450.92 billion yen, driven by strong North American demand and a weak yen. The results exceeded analyst expectations, with revenue also showing significant growth.
Honda Motor has introduced a robotic hand with highly agile movement, signaling its return to robotics with a new industrial strategy following the retirement of its ASIMO humanoid robot. The move pivots from entertainment-focused robots to practical applications like manufacturing and hazardous environments.
Honda Motor expects to return to profit in the current fiscal year, but analysts say the recovery may not be enough to ensure the struggling automaker regains its growth momentum soon. The company faces tough competition in EVs.
Honda forecasts net profit of 260 billion yen for fiscal 2026, surpassing analyst expectations. Revenue is seen rising 8% to 20.3 trillion yen, supported by sales recovery in North America and ASEAN. The company remains cautious amid currency risks and Chinese competition.
Honda Motor Co. has reported its first annual net loss since the company's 1957 stock listing, a historic setback driven by plunging sales, supply chain disruptions, and rising costs tied to a push into electric vehicles. Analysts cite the pandemic and a shift to EVs as key factors. Shares fell sharply on the news.
Honda Motor Co. posted a net loss of 423.94 billion yen ($2.7 billion) for fiscal 2025, its first full-year net loss since going public in 1957. The company aims to return to profit in fiscal 2026 through cost cuts and production optimization.
Honda Motor has scrapped its 2040 goal of selling only electric and hydrogen fuel-cell vehicles. The Japanese automaker cited slowing EV demand, high battery costs, and infrastructure gaps. Honda will continue EV investments but adopt a more flexible approach including hybrids and internal combustion engines.
Honda posted a net loss of 423.94 billion yen ($2.8 billion) for fiscal 2025, its worst in years, due to high costs, supply chain issues, and falling demand. The automaker plans a broad restructuring including cost cuts and strategic focus.
Sony Group reported a net profit of ¥1.03 trillion ($6.57bn) for fiscal 2025, down 3.4% year on year, partly due to scaling back its EV joint venture with Honda. Core businesses in entertainment and image sensors helped cushion the blow.
