Overview
- Honda revised its FY2026 net income outlook to a ¥420–¥690 billion loss, reversing a prior ¥300 billion profit forecast.
- Development and sales for three EV models planned for North American production have been stopped, triggering impairment charges on related assets.
- Operating guidance was cut to a ¥270–¥570 billion loss, while the revenue forecast of ¥21.1 trillion was left unchanged.
- CEO Toshihiro Mibe and the deputy CEO will return 30% of their monthly pay for three months, and other executives tied to the four-wheel business will return 20% for the same period.
- Honda cited weaker-than-expected EV demand linked to U.S. policy shifts under President Trump and intensifying competition in China, and it warned of potential additional losses of up to ¥2.5 trillion after the current fiscal year.