Honda Logs 423.9-B.-Yen Net Loss for FY 2025

Tokyo, May 14 (Jiji Press)–Japan’s Honda Motor Co. on Thursday reported a consolidated net loss of 423.9 billion yen in fiscal 2025, which ended in March this year, amid sluggish demand for electric vehicles in North America. Honda fell into the red for the first time since it was listed on the Tokyo Stock Exchange in 1957. In fiscal 2024, the company logged a net profit of 835.8 billion yen. For the latest year, Honda recorded 1,577.8 billion yen in losses associated with the sales suspension of some vehicle models following a review of its EV strategy prompted by the weak demand. However, it expects to post a net profit of 260 billion yen in the current year ending in March 2027. Honda incurred an operating loss of 414.3 billion yen in fiscal 2025, against the previous year’s profit of 1,213.4 billion yen. Its sales increased 0.5 pct to 21,796.6 billion yen. Honda had set a goal of having all new car sales be EVs or fuel cell vehicles by 2040. However, the market environment deteriorated rapidly after U.S. President Donald Trump’s administration withdrew its EV promotion policies. In March this year, Honda announced the EV strategy review, saying that it would record up to 2.5 trillion yen in related losses over two years. END [Copyright The Jiji Press, Ltd.]