Honda Motor Co. Ltd. reported on Wednesday that its consolidated profit attributable to owners of the parent for the first quarter of the fiscal year ending March 31, 2026, landed at ¥196.7 billion ($1.33 billion), plunging 50.2% year on year.
Diluted earnings per share in the three-month period stood at ¥46.80, falling from ¥81.81 reported for the same quarter a year earlier. Operating profit slid 49.6% to ¥244.2 billion and sales revenue fell 1.2% to ¥5.3 trillion.
The carmaker noted it expects its revenue to drop 2.7% and profit attributable to owners of the parent to plummet 49.8% in the current fiscal year, upwardly revising it from the previous forecast issued in May "as a result of analyzing the impact of tariffs and reassessing our foreign exchange assumptions in light of the latest conditions."
