本田汽车第三财季利润暴跌，股价受挫

Core Viewpoint - Honda's stock price fell by 3.32% to $31.33 on February 12, 2026, primarily due to a significant drop in third-quarter profits, ongoing losses in the automotive business, strategic adjustments, and external market conditions [1] Financial Performance - For the third quarter of fiscal year 2026, Honda reported an operating profit of 153.4 billion yen, a year-on-year decline of 61.4%, marking the fourth consecutive quarter of decline and falling short of analyst expectations [2] - The automotive business recorded an operating loss of 166.4 billion yen, continuing a three-quarter streak of losses, which has been the main factor dragging down overall performance [2] Business and Technological Development - Due to adjustments in the vehicle lineup, Honda recognized an impairment of 267.1 billion yen for electric vehicle development assets, which directly led to the automotive business shifting from profit to loss [3] - The company announced the termination of its electric vehicle collaboration with General Motors and plans to redirect resources towards hybrid models, aiming to launch 13 new hybrid models by 2030 [3] Industry Policy and Environment - In the first three quarters of fiscal year 2026, U.S. tariffs negatively impacted Honda by 289.8 billion yen, despite a reduction in the tariff rate from 27.5% to 15%, which remains significantly higher than the previous baseline of 2.5% [4] Operational Status - In the calendar year 2025, Honda's sales in China were only 647,000 units, a year-on-year decrease of 24.28%, marking the fifth consecutive year of decline, with declining sales in the Asian region explicitly identified as a source of performance pressure [5] Market Environment - On the same day, the U.S. automotive manufacturing sector fell by 2.47%, while the Nasdaq index dropped by 1.74%, indicating increased market risk aversion that also affected stock prices [6]