Honda Motor Co Ltd
7267: XTKS (JPN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|xB | LOCK|%> | LOCK|R$&@p#^ |
Honda Earnings: Higher Expenses and Collapsing China JV Dragged Volume and Pricing Growth
Honda’s fiscal 2025 second-quarter operating income declined 15% year over year as rising incentives and expenses offset strong pricing. China unit remains sluggish in sales and profitability. With this note, we transfer coverage of Honda to Vincent Sun.
