Honda sees full-year profit declining 59% as US tariffs bite

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TOKYO (Reuters) -Japan’s Honda Motor forecast a 59% profit decrease for the current financial year on Tuesday as the impact of U.S. President Donald Trump’s tariffs and a stronger yen offset gains from demand for its hybrid lineup.

Japan’s second-biggest automaker expects operating income to total 500 billion yen ($3.38 billion) in the year to March 31, 2026, versus 1.21 trillion yen in the year that just ended.

($1 = 147.8900 yen)

(Reporting by Daniel Leussink; Editing by Christian Schmollinger)

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