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)