Honda cuts full-year profit forecast over tariffs and chip shortages

This story was originally published on WardsAuto. To receive daily news and insights, subscribe to our free daily WardsAuto newsletter. Honda Motor Co. cut its profit forecast for the year ending March 31, 2026 after posting a 24.8% drop in second-quarter operating profit blaming one-off expenses related to electric vehicles, semiconductor shortages and U.S. tariffs. The company cut its operating profit forecast for 2026 by 21% to 550 billion yen ($3.65 billion) from 700 billion yen and has cut its 2030 gl ...