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Tariffs see profit decline for Honda
The Mercury
|May 14, 2025
JAPAN'S Honda Motor yesterday forecast a 70% drop in net profit for the 2025-26 financial year as US trade tariffs weigh on the global auto industry.
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The announcement comes after rival Toyota, the world’s top-selling carmaker, predicted a 35% year-on-year drop in annual net profit.
Honda said it expected net profit of 250 billion yen in the 12 months to March 2026.
“Tariff impact and recovery efforts” will have a negative effect on operating profit, it warned, estimating they will cost the company around 450 billion yen over the year.
In an attempt to rev up the US auto industry, President Donald Trump last month imposed a 25% toll on imported vehicles, dealing a major blow to Japanese carmakers.
Cette histoire est tirée de l'édition May 14, 2025 de The Mercury.
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