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flag Honda keeps 2026 profit forecast despite big drop in profits due to tariffs, EV write-down, and supply issues.

flag Honda maintained its full-year profit forecast for March 2026 despite a 42% drop in nine-month net profit to 465.44 billion yen, citing U.S. tariffs, a 267.1 billion yen EV asset write-down, and supply chain issues from a chip shortage linked to a Dutch supplier. flag Revenue fell 2.2% to 15.976 trillion yen, with U.S. tariffs reducing operating profit by 289.8 billion yen. flag The company kept sales targets unchanged but revised its annual net profit forecast down to 300 billion yen, a 64% decline. flag Honda plans to cut EV investment by $20 billion and focus on hybrids. flag Toyota raised its earnings outlook despite tariff impacts, with CFO Kenta Kon set to become CEO in April.

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