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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 annual profit forecast for fiscal 2026 despite a 42% drop in net profit to 465.44 billion yen for the first nine months, 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 operating profit down 61% to 153.4 billion yen. flag The company kept its sales targets but cut EV investment by $20 billion, focusing instead 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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