Tokyo, May 13, 2025 (AFP) - Honda forecasts 70% net profit drop citing 'tariff impact'

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 announcement comes after rival Toyota, the world's top-selling carmaker, predicted a 35 percent year-on-year drop in annual net profit because of the levies and other factors. Honda said it expected net profit of 250 billion yen ($1.7 billion) in the 12 months to March 2026. "Tariff impa......

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