Tokyo, May 13, 2025 (AFP) - Honda forecasts 70% net profit drop for 2025-26 financial year

NAMPA / AFP

2025-05-13

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. The carmaker said it expects net profit of 250 billion yen ($1.7 billion) in the year to March 2026, estimating that "tariff impact and recovery efforts" would have a negative effect on operating profit. tmo-kaf/dhc ...

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