"Tokyo-based Honda Motor Co recorded a 311.8 billion yen ($2bn) profit for April-September, down from 494.6 billion yen ($3.2bn) a year before. Sales over the six months totalled 10.6 trillion yen ($69bn), down 1.5 percent from nearly 10.8 trillion yen ($70.5bn). Honda lowered its profit projection for the fiscal year through March 2026 to 300 billion yen ($2bn), which would be a decline of 64 percent from 835.8 billion yen ($5.4bn) the year before."
"Honda, which makes the Accord sedan and Odyssey minivan, said an unfavourable currency rate also hurt its bottom line, erasing 116 billion yen ($756m) from its operating profit over the six months. But Honda achieved record sales in motorcycles, led by strong results in the Asian region, excluding Vietnam. Honda said it sold more than nine million motorcycles in Asia during the first half, up from 8.8 million a year ago."
Honda reported a 37 percent drop in profit for April–September, recording 311.8 billion yen versus 494.6 billion yen a year earlier. Six-month sales were 10.6 trillion yen, down 1.5 percent. The company lowered its fiscal-year profit forecast to 300 billion yen, a 64 percent decline from the prior year. Unfavourable currency movements erased 116 billion yen from operating profit, while US tariffs reduced operating profit by 164 billion yen over six months. Honda achieved record motorcycle sales, selling over nine million units in Asia and 10.7 million globally. Global vehicle sales fell to 1.68 million, with regional declines outside North America. The company also faced a chip shortage after Dutch government action involving Nexperia.
Read at www.aljazeera.com
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