Overview
- Honda, which reported results Thursday, posted an operating loss of about ¥414 billion and a net loss of ¥423.9 billion for the year to March.
- The company said EV-related costs total about ¥2.5 trillion after canceling planned U.S. electric models, a move it linked to U.S. policy shifts such as higher tariffs and reduced buyer incentives.
- The rebuild plan suspends the Canadian EV value-chain project and shifts some Ohio capacity, including part of the LG joint venture, to hybrid batteries and petrol–hybrid output.
- Through March 2029, Honda will spend ¥4.4 trillion on petrol and hybrids, ¥1 trillion on software, and ¥800 billion on EVs, and it targets 15 new hybrid models by 2030.
- Honda forecasts a return to profit in the year to March 2027, and its shares rose more than 7% Friday after the outlook.