Quarterly ResultMay 14, 2026, 06:17 AM
Honda Reports FY26 Operating Loss JPY 414.3B; Suspends Canada EV Plan
AI Summary
Honda Motor Co., Ltd. reported a consolidated operating loss of JPY 414.3 billion for the fiscal year ended March 31, 2026, a significant decline from a profit of JPY 1,213.4 billion in the prior year, primarily due to EV-related losses and tariff impacts. The company also announced the indefinite suspension of its plan to establish a comprehensive electric vehicle value chain in Ontario, Canada. Despite the losses, sales revenue slightly increased by 0.5% to JPY 21,796.6 billion. For the fiscal year ending March 31, 2027, Honda forecasts a return to profitability with an operating profit of JPY 500.0 billion.
Key Highlights
- Indefinitely suspended plan to establish comprehensive EV value chain in Ontario, Canada.
- Reported FY26 operating loss of JPY 414.3 billion, down JPY 1,627.8 billion YoY.
- Net loss attributable to owners of the parent was JPY 423.9 billion, down JPY 1,259.7 billion YoY.
- Sales revenue increased 0.5% to JPY 21,796.6 billion for FY26.
- Basic earnings per share for FY26 was a loss of JPY 106.06.
- Forecasts FY27 operating profit of JPY 500.0 billion and sales revenue of JPY 23,150.0 billion (+6.2%).
- Annual dividends per share increased to JPY 70.00 for FY26 from JPY 68.00 in FY25.
- Cash flows from operating activities increased by JPY 843.1 billion to JPY 1,135.2 billion.