Honda is seen on the New York Worldwide Auto Present on April 16, 2025.
Danielle DeVries | CNBC
Japanese auto big Honda missed fourth-quarter earnings estimates as working revenue plunged 76%, with the corporate bracing for the total impression of U.S. tariffs.
Listed here are Honda’s outcomes in contrast with imply estimates from LSEG:
- Income: 5.36 trillion yen ($47.26 billion) vs. 5.36 trillion yen
- Working revenue: 73.5 billion yen vs. 275.52 billion yen
Honda’s fourth quarter ends March 31.
For its monetary 12 months ended March, income got here in at 21.69 trillion yen, in comparison with the common expectation of 21.63 trillion yen from LSEG and marking a 6.2% rise 12 months on 12 months.
Working revenue fell 12.2% to 1.21 trillion yen, in opposition to the common LSEG estimate of 1.41 trillion yen.
Honda’s outcomes come amid commerce tensions with the U.S., which has slapped a 25% tariff on international car imports.
In March, Honda had reportedly determined to provide its next-generation Civic hybrid within the U.S. state of Indiana, as a substitute of Mexico, to keep away from potential tariffs on certainly one of its top-selling automotive fashions, in keeping with a Reuters unique.
Based on U.S. automotive market Carpro, Asian automakers made up six of the highest eight automakers within the U.S. by gross sales quantity in 2024, with Honda in fourth place.
Again in February, Honda and rival Nissan terminated talks over a $60 billion merger, which might have created the world’s third-largest automaker by gross sales quantity.
That is breaking information. Please examine again for updates.