Honda Forecasts 70% Net Profit Drop Citing 'Tariff Impact'

Source: International Business Times

Honda said it expects net profit of 250 billion yen ($1. 7 billion) in the year to March 2026 AFP Japan's Honda Motor on Tuesday forecast a 70 percent drop in net profit for the 2025-26 financial year as US trade tariffs weigh on the global auto industry. The announcement comes after rival Toyota, the world's top-selling carmaker, predicted a 35 percent year-on-year drop in annual net profit because of the levies and other factors.