Bikes help Honda deliver increase in third-quarter profit
Carmaker says it benefited from motorcycle business’ strong performance and a weak yen, but missed analysts’ estimates
13 February 2025 - 14:38
byDaniel Leussink
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The Transalp is a nimble bike with on- and off-road ability.
Picture: DENIS DROPPA
Tokyo — Japan’s Honda Motor said on Thursday its third-quarter operating profit increased 5% from a year earlier, largely due to a strong performance of its motorcycle business and a weak yen, but missed analysts’ estimates.
Honda also said in a joint statement with smaller rival Nissan that the companies had agreed to end merger talks but would continue to co-operate in electric vehicles (EVs).
Honda, Japan’s second-biggest carmaker, saw quarterly operating profit come in at ¥397.3bn ($2.58bn), versus an average estimate of ¥403.7bn in a survey of seven analysts by LSEG.
Its automotive business benefited from stronger vehicle sales in the crucial US market while sales in China declined in the quarter, it said in presentation materials.
Honda is one of the Japanese car brands that has faced growing competition, including on price, in China after the rapid rise of Chinese EV makers.
The company retained its full-year operating profit forecast of ¥1.42-trillion, while revising its global sales outlook to 3.75-million vehicles from 3.8-million expected previously, mainly reflecting a decrease in Japan.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Bikes help Honda deliver increase in third-quarter profit
Carmaker says it benefited from motorcycle business’ strong performance and a weak yen, but missed analysts’ estimates
Tokyo — Japan’s Honda Motor said on Thursday its third-quarter operating profit increased 5% from a year earlier, largely due to a strong performance of its motorcycle business and a weak yen, but missed analysts’ estimates.
Honda also said in a joint statement with smaller rival Nissan that the companies had agreed to end merger talks but would continue to co-operate in electric vehicles (EVs).
Honda, Japan’s second-biggest carmaker, saw quarterly operating profit come in at ¥397.3bn ($2.58bn), versus an average estimate of ¥403.7bn in a survey of seven analysts by LSEG.
Its automotive business benefited from stronger vehicle sales in the crucial US market while sales in China declined in the quarter, it said in presentation materials.
Honda is one of the Japanese car brands that has faced growing competition, including on price, in China after the rapid rise of Chinese EV makers.
The company retained its full-year operating profit forecast of ¥1.42-trillion, while revising its global sales outlook to 3.75-million vehicles from 3.8-million expected previously, mainly reflecting a decrease in Japan.
Reuters
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