Honda suddenly faces a major setback: loses 100 billion yuan due to withdrawal of electrification strategy

K-LinePoet · 2026-04-04T13:27:48+00:00

On March 12, Honda Motor Co. announced that its operating loss for fiscal year 2025 (April 2025 – March 2026) is expected to be between 270 billion and 570 billion yen, compared to a previous forecast of 550 billion yen in profit; the net loss is estimated to be between 420 billion and 690 billion yen (approximately 11.6 billion to 24.7 billion RMB), whereas the previous forecast was a profit of 300 billion yen. The company also stated on the same day that it has canceled some plans for the research, development, and launch of electric vehicles manufactured in the United States. The total costs and losses resulting from the reevaluation of its electrification strategy are expected to reach up to 2.5 trillion yen (about 108.2 billion RMB). It is understood that this is Honda’s first annual loss since its listing. (First Financial)

K-LinePoet

2026-04-04 13:27:48

On March 12, Honda Motor Co. said that for fiscal year 2025 (2025.4–2026.3), it expects an operating loss of 270 billion to 570 billion yen, after previously projecting income of 550 billion yen; it expects a net loss of 420 billion to 690 billion yen (about RMB 11.6 billion to RMB 24.7 billion), after previously projecting income of 300 billion yen. The company said the same day that it has canceled some U.S.-made electric vehicle research and development and launch plans. The company expects that the total costs and losses arising from a reassessment of its electrification strategy could be as high as 2.5 trillion yen (about RMB 108.2 billion). It is understood that this is Honda’s first annual loss since its listing. (First Finance)

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