Honda Signals Profit Drop
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Honda Motor Co. reported a 76% drop in fourth-quarter operating profit on Wednesday, missing analyst expectations by a wide margin and prompting a sharply downgraded outlook for the fiscal year ahead.
Honda HMC reported earnings of 18 cents per share for fourth-quarter fiscal 2025, missing the Zacks Consensus Estimate of 72 cents. The bottom line also declined from the year-ago profit of 99 cents per share.
Honda Canada is postponing a $15-billion electric vehicle investment project in Ontario, including a proposed EV battery plant and retooled vehicle assembly facility.
Honda said its plan to build an EV supply chain in Alliston, Ont. — which was first announced in April 2024 — would be paused for about two years, due to uncertainty caused by tariffs.