Honda reports robust results on the back of healthy motorcycle sales
Honda posted a 66% year‑on‑year surge in net profit for the first half, reaching 516.76 billion yen as strong motorcycle demand helped offset losses from its electric vehicle program. Revenue climbed 13% to 12 trillion yen, though EV-related charges erased about 484.8 billion yen from operating profit. The company raised its full‑year operating profit forecast to 780 billion yen, citing favorable exchange rates and tariff mitigation, including shifts in U.S. production. Honda announced major capacity expansions in North America and Brazil to support growing demand for hybrids and motorcycles, aiming for 1.91 million cars and 2.3 million motorcycles by 2029. Looking ahead, it remains flexible on EV mix while continuing investments in traditional models and new production facilities as market dynamics evolve.
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In the first half, Honda's net profit rose to 516.76 billion yen, a 66% increase from the previous year, driven by robust motorcycle sales in key markets.
First-half revenue increased 13%, totaling 12 trillion yen, with sales momentum supported by its motorcycle division despite broader EV program costs.
EV-related losses totaled 484.8 billion yen, which materially weighed on operating profit and reflect model changes and program setbacks during the period.
The company lifted its full-year operating profit forecast to 780 billion yen from 650 billion yen, attributing the upgrade to favorable exchange rates and measures to mitigate U.S. tariffs.
Honda plans to expand North American auto production, including a new plant in Ohio, to raise capacity to 1.91 million vehicles by 2029, alongside broader production shifts to the United States.
In Brazil, Honda intends to grow motorcycle production at its Manaus plant, increasing capacity to 2.3 million units by 2029 from 1.6 million, as demand in emerging markets remains strong.
For motorcycles, Honda achieved a record first-half sales milestone by selling 11.9 million units, with Brazil and India contributing to the surge, while automobile sales fell to 1.57 million units globally from 1.68 million.