Honda reported a 7% decline in profit for the first nine months ending December, totaling 805 billion yen. Weak auto sales in China and Japan significantly impacted overall performance, despite a nearly 9% increase in total sales, reaching 16.3 trillion yen. The company confirmed the termination of negotiations to form a joint holding company with Nissan, while reaffirming the continuation of existing collaborations in electric and smart vehicle technologies. Conversely, strong demand for Honda motorcycles helped balance the decline in the automotive sector, primarily in regional markets.
Honda's profit for the nine months ending in December fell 7% to 805 billion yen, primarily due to weak auto sales in China and Japan.
Despite a 7% decline in profit, Honda's motorcycle business remained strong, highlighting the mixed performance across different sectors of the company's operations.
Honda ended talks for a joint holding company with Nissan, but they will continue existing collaborations in electric vehicles and smart cars.
Sales rose nearly 9% to 16.3 trillion yen, indicating a contrast between sales growth and profit decline, particularly influenced by regional market performance.
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