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Honda books first annual loss, hit by $9 billion EV charge
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Honda books first annual loss, hit by $9 billion EV charge
May 13, 2026 9:53 PM

TOKYO, May 14 (Reuters) - Honda Motor ( HMC ) posted

its first annual loss in nearly 70 years as a listed company on

Thursday, hit by U.S. tariffs and more than $9 billion in costs

to restructure its electric-vehicle business.

Its operating loss totalled 414.3 billion yen ($2.63

billion) for the year ended March, compared with a median

estimate of a 315.6 billion yen loss in a poll of 22 analysts by

LSEG and a 1.2 trillion yen profit a year earlier.

Japan's second-largest automaker booked total EV-related

losses of 1.45 trillion yen for the business year ended March

and expected to face additional costs of 500 billion yen for the

year just started.

The company still expects to return to profitability this

year, forecasting a 500 billion yen profit on cost-reduction

measures and its profitable motorcycle business.

($1 = 157.8300 yen)

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