Honda's profit accelerates 65.7% to 2.9 billion euros in the first fiscal half

Honda's financial performance showed significant growth in the first half of its fiscal year, with a net profit of €2.9 billion, a 65.7% increase from the previous year. The company also raised its profit forecast for the fiscal year ending in March 2027 to €2.8 billion. Despite strong overall results, the second quarter saw a decline in operating profit by 39.2% due to substantial costs related to electric mobility strategy adjustments and rising raw material prices. Global car sales fell by 6.6%, particularly impacted by a drop in the Chinese market, although North American sales improved. In contrast, the motorcycle segment experienced solid growth, with an operating profit of €2.5 billion, up 19.2%.