Overview
- Honda reported a 66% rise in first‑half net profit to 516.76 billion yen and a 13% revenue gain to 12 trillion yen, with the motorcycle unit selling a record 11.9 million vehicles.
- The company disclosed EV‑related losses of 484.8 billion yen that materially reduced operating profit and led to the cancellation of some EV models.
- Honda raised its full‑year operating profit forecast to 780 billion yen from 650 billion yen, citing favorable exchange rates and steps to limit the impact of U.S. tariffs.
- To cut tariff exposure and capture regional demand, Honda announced a new auto plant in Ohio to lift North American capacity to 1.91 million vehicles by 2029 and expanded Manaus motorcycle capacity to 2.3 million units by 2029.
- The firm expects U.S. demand to grow for hybrids and is keeping production flexibility so it can reallocate capacity to battery EVs if market conditions change, while motorcycle strength provides near‑term cash flow for the transition.