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Honda reports a significant drop in profit but raises annual forecast amid yen strength and tariffs.
Honda reported a 50% drop in first-quarter operating profit, mainly due to a stronger Japanese yen and U.S. tariffs.
Despite these challenges, Honda raised its annual profit forecast to ¥700 billion for the fiscal year ending March 2026, up from ¥500 billion.
The company cited a negative ¥125 billion impact from the tariffs but noted a 1% decrease in sales to ¥5.3 trillion during the quarter.
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Honda informa una caída significativa en las ganancias, pero eleva la previsión anual en medio de la fortaleza del yen y los aranceles.