On Thursday, Honda Motor (HMC.US) saw its stock price rise by more than 5%, reaching $25.66. The company reported that for the fiscal year 2026, sales increased by 0.5% year-over-year to 21.8 trillion yen. However, it recorded an operating loss of 414.3 billion yen and a net loss of 353 billion yen. This marks Honda's first annual operating loss since its founding in 1948, primarily due to a write-down of up to 2.5 trillion yen (approximately $157 billion) on its electric vehicle business in March. Looking ahead to fiscal year 2027, Honda provided an optimistic forecast, projecting an operating profit of 500 billion yen, significantly surpassing market expectations of 212.4 billion yen.
Comments