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Honda raises profit outlook despite EV-related costs

  • Honda now expects an operating profit of ¥780 billion for the fiscal year ending March 2027, up from ¥650 billion.
  • The company reported a 66% rise in net profit for the first half of the fiscal year.
  • Strong motorcycle sales contributed significantly to the profit increase.
  • Honda booked $3 billion in costs related to its electric vehicle initiatives in Q2.
  • The revised outlook reflects a positive financial performance despite challenges in the EV sector.

Timeline

  1. Honda reports robust results

    Honda reports a 66% rise in net profit for the first half of its fiscal year, driven by strong motorcycle sales.

  2. Honda raises outlook

    Honda raises its full-year profit outlook to ¥780 billion, up from ¥650 billion, despite booking $3 billion in EV-linked costs.

  3. Latest

    Honda raises outlook despite EV costs

    Honda raises its operating profit outlook to ¥780 billion for the fiscal year ending March 2027, despite incurring $3 billion in EV-linked costs.

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Honda raises profit outlook despite EV-related costs | Split Angle