Honda Raises Full-Year Profit Forecast to 780 Billion Yen

Honda Motor Co. raised its full-year operating profit forecast to 780 billion yen ($4.9 billion) for the fiscal year ending March 2027. This guidance is an increase from the company's previous estimate of 650 billion yen, though it remains below the 839 billion yen expected by analysts.

The upward revision follows a quarterly report for the three months ending September 30, in which the company posted a profit of 118 billion yen. This figure fell significantly short of the 265 billion yen analysts had estimated for the period.

Financial performance was supported by robust sales in North America and strong demand for motorcycles. However, the company continues to manage financial challenges stemming from previous investments in electric vehicles.