Honda Reports First Annual Loss in Nearly 70 Years Due to U.S. Tariffs and EV Restructuring Costs

Honda Motor Co. announced on Thursday its first annual loss as a publicly listed company in nearly 70 years, primarily due to the impact of U.S. tariffs and significant costs associated with restructuring its electric vehicle business. According to Jin10, the company's operating loss for the fiscal year ending in March totaled 414.3 billion yen (approximately $2.63 billion). In contrast, a survey conducted by Refinitiv among 22 analysts had projected a median loss of 315.6 billion yen. In the previous fiscal year, Honda had recorded an operating profit of 1.2 trillion yen.