Honda Motor reported the results for its fiscal year ended March 31.
Revenue was reported at JPY$21.7 trillion ($140 billion), compared with JPY$20.4 trillion ($138.3 billion), marking a 6.2% rise year-over-year. Operating profit fell 12.2% to JPY$1.21 trillion ($7.8 billion). Net profit for the full year declined 24.5% to JPY$835.8 billion ($5.7 billion).
The Power Products segment, which includes the marine engine business, saw sales revenue of JPY$414.6 billion ($2.8 billion), down from JPY$422.3 billion ($2.7 billion) the previous year. The segment had a loss of JPY$9.4 billion ($63.7 million). Operating margin was minus-2.3%, down from minus-2.1% in the prior year.
For the three months ended March 31, Power Products sales revenue from external customers was JPY$107.6 billion ($729.5 million), down from JPY$109.3 billion ($741 million) in the prior-year quarter. Operating profit was flat.
In its earnings statement, Honda lowered most metrics for its fiscal year ending March 31, 2026, compared with its latest full-year results. Full-year operating profit is projected to fall almost 59% to JPY$500 billion ($3.4 billion). Projected net profit has a deeper cut at 70.1% lower to JPY$250 billion ($1.7 billion), while revenue is expected to slip 6.4%.
The company said that the impact of tariff policies worldwide would be significant on its business, with the frequent revisions making it difficult to formulate an outlook.
“Moving forward, we will carefully assess the impact of tariff policies and expand recovery measures while aiming for further growth in operating profit,” the company said in the statement. It said it expects a decrease in units sold in the Power Products segment to 3.67 million, mainly due to business in North America.
