Honda Motor(US:HMC) 智通财经网·2025-08-06 07:26Core Viewpoint - Honda Motor Co., Ltd. reported disappointing Q1 results for the fiscal year 2025, with revenues and profits falling short of market expectations, yet the company raised its full-year guidance significantly [1][2]. Financial Performance - Q1 revenue was 5.34 trillion yen, a decrease of 1.2% year-on-year, below the market expectation of 5.40 trillion yen [1][2]. - Operating profit for Q1 was 244.1 billion yen, down 49.6% year-on-year, and also below the expected 309.6 billion yen [1][2]. - The operating margin fell to 4.6%, a decline of 4.4 percentage points compared to the same period last year [1][2]. - Profit before income taxes was 292.3 billion yen, a decrease of 47.7% year-on-year [1][2]. - Net profit attributable to owners of the parent was 196.6 billion yen, down 50.2% year-on-year [1][2]. Full-Year Guidance - Honda revised its full-year revenue forecast for fiscal year 2025 to 21.1 trillion yen, up from the previous estimate of 20.3 trillion yen [2][3]. - The company now expects operating profit for the year to be 700 billion yen, increased from the prior forecast of 500 billion yen [2][3]. - The forecast for profit before income taxes was raised to 710 billion yen, up from 490 billion yen previously [2][3]. - Net profit for the year is now projected at 420 billion yen, significantly higher than the previous estimate of 250 billion yen [2][3]. Currency and Tariff Impact - Honda adjusted its assumptions regarding the USD/JPY exchange rate to an average of 140 yen per dollar, up from 135 yen [3]. - The company expects a loss of 450 billion yen in operating profit due to tariffs, revised down from an earlier estimate of 650 billion yen [3]. - A trade agreement between the U.S. and Japan was reached, resulting in a 15% tariff on Japanese imports, including a 12.5% tariff on automobiles [4].