Honda forecasts 70% net profit drop citing 'tariff impact'

Quick Summary:

TOKYO: Japan's Honda Motor on Tuesday (May 13) forecast a 70 per cent drop in net profit for the 2025-26 financial year as United States trade tariffs weigh on the global auto industry.

Honda said it expected net profit of 250 billion yen (US$1.7 billion) in the 12 months to March 2026.

"Tariff impact and recovery efforts" will have a negative effect on operating profit, it warned, estimating they will cost the company around 450 billion yen over the year.

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Article Details

Category: EconomyBusiness

Markets: SingaporeCanadaChinaJapanUnited States

Topics: Japanese Tariffs Trump Profit Honda Impact Billion Auto Tuesday Cent Japan

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 16:29:49 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 579 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 28668734

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