Honda Raises Guidance After First-Half Profit Growth
By Megumi Fujikawa
TOKYO--Honda Motor raised its annual earnings guidance, as solid North American vehicle demand and a weaker yen boosted overseas earnings, even as first-half profit fell short of market expectations.
The Japanese carmaker said Tuesday that net profit jumped 66% from a year earlier to 516.76 billion yen, equivalent to $3.27 billion, for the six months ended September.
That missed the Y643.17 billion estimate in a poll of analysts by data provider Quick.
First-half revenue climbed 13% to Y12.038 trillion, driven by robust motorcycle sales in India and Brazil. A weaker yen also bolstered revenues abroad despite higher material costs.
For the year ending March 2027, the company now projects revenue of Y24.400 trillion and net profit of Y500.00 billion, compared with previous forecasts of Y24.150 trillion and Y400.00 billion, respectively.
Honda also upgraded its full-year motorcycle sales projection to 23.3 million units from 22.8 million, while trimming its car sales forecast to 3.16 million units from 3.39 million.
Write to Megumi Fujikawa at megumi.fujikawa@wsj.com
(END) Dow Jones Newswires
November 10, 2026 02:28 ET (07:28 GMT)
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