Honda Motor (NYSE:HMC) Q2 2026 Earnings Call November 07, 2025 03:00 AM ET Speaker0I thank you very much for taking time out of your busy schedule to attend our briefing today. We would now like to start Honda Motor Company Limited's financial results briefing for second quarter of fiscal year to March 26. First of all, allow me to introduce the attendees today: Director, Executive Vice President and Representative Executive Officer, Mr. Noriya Kahehara. Good to see you.Director, Managing Executive Officer, ...

本田汽车公司(HMC.US)下调了其年度利润预期，降幅约为五分之一，并公布其第二财季营业利润下降了25%。此次业绩下滑是由于美国进 口关税以及与电动汽车相关的一次性成本所致。日本第二大汽车制造商将截至2026年3月的年度营业利润预期下调了21%，至5500亿日元(约 合36.5亿美元)，此前预期为7000亿日元。新的预测还考虑到了由于芯片供应短缺导致的产量下降这一因素。 | | | | | | | | | | (% of change from the previous fiscal year) | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | Sales revenue | | Operating profit | | Profit before income taxes | | Profit for the year | | Profit for the year Earnings per share attributable to owners attributable to owners | | | ...

Core Points - Honda is recalling 406,290 vehicles in the U.S. due to a potential issue with aluminium alloy wheels sold as accessories, which may detach from the vehicle because of a manufacturing error [1] Company Summary - The recall affects a significant number of vehicles, indicating a potential risk to consumer safety and could impact Honda's reputation [1] - The U.S. National Highway Traffic Safety Administration has reported the recall, highlighting regulatory oversight in the automotive industry [1]

使用当地开发的专用底盘的系列产品"烨"于2025年3月发售第一款车。原计划在12月之前发 售的第2款纯电动旗舰轿跑"GT （Grand Tourer）"的推出将延期。 东风本田的"GT"（在今年春季上海车展上展出的车型） 使用在中国当地开发的专用底盘的系列产品"烨"于2025年3月发售第一款车，没有达到作为 畅销标准的约1万辆月销量，后续车型将延期上市。本田与比亚迪等中企的价格竞争非常激 烈，与日系车企相比也处于一家独输的局面…… 本田将在中国对新车开发进行调整。计划将原定2025年12月之前销售的纯电动汽车（EV） 旗舰车型的推出时间推迟到2026年以后。本田与比亚迪等当地企业的价格竞争非常激烈。与 丰田和日产汽车等日系车企相比，本田也处于一家独输的局面。为了提高成本竞争力，本田 将重新制定纯电动汽车的销售战略。 本田提出了到2040年全球所有新车都变为纯电动汽车和燃料电池车的方针。而在纯电动汽车 不断普及的中国，本田提出到2035年实现这一目标。随着中国旗舰车型的开发进行调整，纯 电动汽车战略也将被迫修改。 在日系车企之中， 本田的销量也明显陷入苦战。从1～9月累计在华新车销量来看，丰田同比 增长4.9% ...

Fiscal First Half Year Ended September 30, 2025 Financial Results Operating Profit 438.1 bil. yen Motorcycles: Although sales in Vietnam declined, global sales remained strong, primarily driven by growth in Brazil. For the six months ended September 30, we achieved the record-high sales volume, operating profit, and operating margin. Automobiles: While price revisions had a positive impact, profit decreased due to tariff impacts and one-time expenses related to EVs. Operating cash flows after R&D adjustment ...

Core Viewpoint - Honda Motor has reduced its annual earnings forecasts due to a chip shortage from Dutch supplier Nexperia and reported a decline in first-half net profit, partially attributed to U.S. tariffs [1] Group 1: Earnings Forecasts - Honda Motor has cut its annual earnings forecasts, indicating challenges in meeting financial targets [1] - The reduction in forecasts is primarily linked to supply chain issues, specifically a shortage of chips [1] Group 2: Financial Performance - The company reported lower first-half net profit compared to previous periods [1] - The decline in net profit is partly due to the impact of U.S. tariffs on its operations [1]

Honda slashed its annual profit guidance as a shortage of critical semiconductors hurts production, with the Japanese carmaker also warning of a turbulent outlook for electric vehicles https://t.co/vAhv8EIGOx ...

Core Insights - Honda Motor experienced a 25% decline in second-quarter operating profit compared to the previous year, primarily due to the impact of U.S. import tariffs and a slowdown in demand for electric vehicles [1] Financial Performance - The operating profit for Honda Motor in the second quarter fell significantly by 25% year-over-year [1] Market Conditions - The decline in performance is attributed to external factors such as U.S. import tariffs affecting costs and a decrease in consumer demand for electric vehicles [1]

Core Insights - Honda showcased its commitment to diverse mobility solutions and advanced safety technologies at the 8th China International Import Expo, emphasizing the themes of "delivering the joy of free mobility" and "safety for everyone" [1] Group 1: Product Showcase - Honda presented six two-wheeled models, including the CB500 SUPER FOU and CBR500R FOUR, which made their debut at the expo [3] - The company introduced an electric concept vehicle, highlighting its vision for future two-wheeled mobility [3] - Honda displayed the BF10 outboard motor and the EU32i inverter portable generator, creating immersive experience scenarios [6] Group 2: Safety Innovations - Honda emphasized pedestrian safety by showcasing the PolarⅢ pedestrian dummy, aimed at studying and reducing injuries in collision accidents [3] - The new ACE body structure was presented, designed to protect both the vehicle occupants and reduce impact on other vehicles, embodying Honda's "coexistence safety" philosophy [3] - The ACE body structure features a high-strength steel composition of 68% and aerospace-grade hot-formed steel at 25%, achieving a torsional rigidity of 40,000 Nm/degree [3] Group 3: Future Vision - Honda aims to continue providing diverse services and value to users, driven by the concept of "dreams" as a core motivation [6] - The company showcased video presentations of the Honda Jet and its self-developed reusable rocket experimental machine, indicating ongoing innovation in various sectors [6]

Core Viewpoint - The semiconductor supply disruption caused by Nexperia is evolving into a new round of chip shortages in the global automotive industry, prompting various automakers to adjust production plans and seek solutions to mitigate the impact [1][4][8]. Group 1: Impact on Automotive Companies - Stellantis is actively monitoring the situation with Nexperia and is developing strategies to minimize potential disruptions to its business [1]. - Nissan's Chief Performance Officer indicated that the company can maintain chip supply until the first week of November but acknowledged that the chip supply shortage is a significant issue [4]. - Honda has begun adjusting production plans in North America and Mexico due to the supply interruption, with its plant in Celaya, Mexico, having ceased operations since October 28 [7]. - Toyota stated that while the impact of Nexperia's export restrictions is currently limited, it remains a risk [7]. - General Motors' CEO acknowledged that chip supply limitations could potentially affect production [7]. Group 2: Broader Industry Reactions - The Japanese Automobile Manufacturers Association warned that suppliers in Japan have been notified of potential delivery issues from Nexperia, which could severely impact global automotive production [7]. - In October, 16 European automakers issued a joint warning about imminent shutdowns due to the Nexperia situation, highlighting reliance on dwindling inventory to keep operations running [8]. - Major automotive parts suppliers like Bosch and ZF are also seeking solutions, with Bosch preparing for temporary layoffs and ZF considering short-time work arrangements [8].