Honda Reports First Annual Loss in Nearly 70 Years Amid EV Restructuring and U.S. Tariffs

Honda Motor Co. reported an operating loss of ¥414.3 billion (approximately $26.3 billion) for the fiscal year ended March, marking its first annual loss since becoming a publicly listed company nearly 70 years ago. The loss was primarily driven by massive expenses from restructuring its electric vehicle business and the impact of U.S. tariffs. In the previous fiscal year, the company had posted an operating profit of ¥1.2 trillion. The market’s median forecast had anticipated a loss of ¥315.6 billion.