Honda raised full-year operating profit guidance to 780 bln JPY (USD 4.9 bln)
for the fiscal year ending March 2027, up from 650 bln JPY previously but below
analysts' 839 bln JPY consensus. Quarterly operating profit for the three months
to Sept. 30 was 118 bln JPY, well short of ~265 bln JPY expected. Motorcycle
demand and North American sales were bright spots, but a mistimed EV push
prompted a 2.5 tln JPY impairment earlier this year. Pelham Smithers analyst
Julie Boote said Honda has not yet booked all EV-related costs, which could
weigh on results for the rest of the fiscal year.
