{"id":4967,"date":"2026-08-05T14:12:25","date_gmt":"2026-08-05T14:12:25","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=4967"},"modified":"2026-08-05T14:12:25","modified_gmt":"2026-08-05T14:12:25","slug":"honda-doubles-profit-as-motorcycles-and-a-weak-yen-fuel-its-post-ev-writedown-comeback","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=4967","title":{"rendered":"Honda doubles profit as motorcycles and a weak yen fuel its post\u2011EV writedown comeback"},"content":{"rendered":"
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Tokyo-based Honda Motor Co. said Wednesday its April-June profit totaled 456.9 billion yen ($2.9 billion), up from 196.6 billion yen for the same period a year ago.<\/p>\n

Read more Current price of oil as of August 5, 2026<\/a><\/p>\n

Quarterly sales rose 13.5% to 6.06 trillion yen ($38 billion), as vehicles sold well in the U.S. and India, according to the maker of the Accord sedan, Fit subcompact and Super Cub motorcycle.<\/p>\n

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Honda previously recorded a 423.9 billion yen ($2.7 billion) loss for the fiscal year ended in March, acknowledging heavy costs for its\u00a0electric-vehicle\u00a0plans, which didn\u2019t measure up to the original ambitions, partly because of\u00a0U.S. President Donald Trump\u2019s policies.<\/p>\n

Analysts say many consumers weren\u2019t ready to go electric. Honda has abandoned many of its plans for EV models.<\/p>\n

The Trump administration has pulled back on incentive programs for EVs and withheld money to states wanting to add more EV charging stations, even as gas prices have soared over the\u00a0war in Iran. Trump\u2019s tariffs on imported autos and auto parts, lowered to 15% from the initial 25%, also worked to dent Honda\u2019s profitability.<\/p>\n

For the latest quarter, Honda\u2019s motorcycle operations were highly lucrative with sales going strong in Brazil and India. Car sales grew in Japan and the U.S., while struggling in China.<\/p>\n

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Chief Financial Officer Masao Kawaguchi said Honda was working to offer the kinds of models that appeal to Chinese buyers, which are different from those in other markets.<\/p>\n

\u201cFor that, we must fully utilize our resources in that market,\u201d he told reporters.<\/p>\n

Read more Disney boosted by $1 billion at the box office, strong parks performance as international visits slump<\/a><\/p>\n

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That may still take another year or two, he added.<\/p>\n

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Kawaguchi said Honda\u2019s overall first quarter results were very healthy, thanks partly to a\u00a0favorable exchange rate.<\/p>\n

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Although\u00a0the recent U.S.-Japan joint intervention\u00a0has boosted the yen\u2019s value somewhat, the U.S. dollar traded higher during the fiscal first quarter, compared with the previous year.<\/p>\n

A cheap yen is a boon for Japanese exporters like Honda because it raises the value of its overseas earnings when translated into yen.<\/p>\n

Honda is expecting a return to profit for this fiscal year and raised its profit forecast to 400 billion yen ($2.5 billion) from an earlier 260 billion yen ($1.6 billion).<\/p>\n

All the Japanese automakers have been impacted by last week\u2019s\u00a07.1 magnitude earthquake in Kumamoto\u00a0in southwestern Japan. Some production lines were temporarily halted and supply chains disrupted.<\/p>\n

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Like other Japanese companies, Honda is going on a summer break later this month. Officials said they\u2019re hoping things will have returned to normal by the time they\u2019re back at work, and the exact impact of the quake on vehicle production is still unclear.<\/p>\n

Honda shares jumped 3.9% in Tokyo trading after the financial results were released.<\/p>\n

Read more Scott Bessent is \u2018sick of hearing about\u2019 the K-shaped economy and declares it\u2019s over\u2014but the data would beg to disagree<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The automaker that booked a 423.9 billion yen full-year loss is suddenly posting a 456.9 billion yen quarter.<\/p>\n","protected":false},"author":1,"featured_media":4966,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[437],"tags":[],"class_list":["post-4967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings"],"yoast_head":"\nHonda doubles profit as motorcycles and a weak yen fuel its post\u2011EV writedown comeback - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=4967\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Honda doubles profit as motorcycles and a weak yen fuel its post\u2011EV writedown comeback - 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