Financial Performance - Mitsubishi Motors Corporation (MMC) reported a slight decline in global revenues to JPY 1,976.5 billion (US$ 12.7 billion) for the first nine months of FY26, from April to December 2025 [1] - The company experienced a significant drop in operating profit, which fell over 30% to JPY 31.6 billion (US$ 204 million), and incurred a net loss of JPY 4.49 billion (US$ 28.9 million), compared to a net profit of JPY 33.2 billion in the same period of the previous fiscal year [1][2] Market Conditions - MMC attributed its performance decline to the US import tariff policy, which created "significant headwinds" earlier in the fiscal year [2] - The global business environment remains "highly uncertain," with intensified price competition due to the aggressive export stance of Chinese manufacturers [2] Sales and Production - Global vehicle sales decreased by 6% to 589,000 units during the nine-month period, with a 4% decline in Southeast Asia [2] - Production also fell, with MMC producing 656,075 vehicles globally, down almost 4% year-on-year [2] Future Outlook - The company revised its global revenue forecast for FY26 upward to JPY 2.90 trillion, from a previous forecast of JPY 2.82 trillion, while maintaining its operating profit and net profit forecasts at JPY 60 billion and JPY 10 billion, respectively [3] - MMC indicated that despite the challenging external environment, recent initiatives, including the launch of new models, have led to a gradual recovery trend in earnings [4]

Financial Data and Key Metrics Changes - The operating profit for the third quarter was JPY 591.5 billion, a decrease of JPY 548.4 billion year-on-year [2][6] - Operating cash flow after R&D adjustment was JPY 1,855.8 billion, consistent with the same period last year [3] - The forecast for operating profit for the fiscal year ending March 2026 remains at JPY 550 billion, with profit for the year unchanged at JPY 300 billion [3][5] Business Segment Data and Key Metrics Changes - Motorcycle operations achieved record high unit sales of 21.3 million units, driven by strong sales in India and Brazil [4] - Automobile operations forecast remains at 3.34 million units, with a noted decline in profit due to non-recurring expenses related to EVs and tariffs [4][5] - Power products business sold 2.507 million units, with mixed results across regions [6] Market Data and Key Metrics Changes - The competitive environment for automobiles in Asia is expected to intensify, necessitating increased incentives [3] - The impact from tariffs is projected to decrease from an initial forecast of JPY 450 billion to JPY 310 billion [3][41] - The exchange rate against the U.S. dollar is assumed at 140 JPY for the full-year period [5] Company Strategy and Development Direction - The company aims to enhance its competitive strength by reviewing strategies in light of stagnated EV market growth and intensified competition from emerging OEMs [13][14] - Plans include settling losses related to EVs sold in North America and launching next-generation hybrid systems [14][15] - The company is focusing on building a well-balanced business portfolio to generate cash flow and maintain a sound balance sheet [15] Management's Comments on Operating Environment and Future Outlook - Management acknowledges challenges such as the stagnation of the EV market and the need for flexible strategies to adapt to changing environments [12][13] - The company is monitoring supply chain risks, particularly concerning rare earth metals and semiconductors, and is taking steps to mitigate these risks [39][40] - Future strategies will be communicated at an appropriate time during the coming fiscal year [14] Other Important Information - The forecast for the full-year dividend remains at 70 JPY per share, unchanged from previous forecasts [5] - The board has resolved to cancel 747 million treasury stocks [5] Q&A Session Questions and Answers Question: Full year outlook and automobile profitability - Management indicated that while expenses are expected to be high in the fourth quarter, the overall outlook remains unchanged, with a focus on managing tariff impacts and sales strategies in North America [20][21][23] Question: EV market trends and strategy - Management acknowledged the need to revisit EV strategies due to negative demand environments and competition from local manufacturers in China [30][31][32] Question: Semiconductor supply issues - Management reported that they have good prospects for preventing recurrence of semiconductor shortages and are actively managing supplier relationships [33][37][39] Question: Tariff impact and sales situation - Management explained that the tariff impact has decreased and outlined recovery plans involving local procurements and adjustments to logistics [41][42][43] Question: Collaboration with other companies - Management confirmed ongoing discussions with Nissan and other potential partners regarding co-development and cost-sharing strategies [58][59]

Honda Motor (NYSE:HMC) Q3 2026 Earnings call February 10, 2026 03:00 AM ET Company ParticipantsEiji Fujimura - Director and Managing Executive OfficerNoriya Kaihara - Director, EVP and Representative Executive OfficerNone - Translator 1None - Translator 2Conference Call ParticipantsNone - AnalystNoneI 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 Co., Ltd.'s financial results briefing for the third quarter of fiscal year en ...

Honda warns of tougher year ahead after third quarter profit slide | Invezz false### Choose your country### Choose preferred languagePopular languagesEnglish (USA) [Deutsch] [Español] [Français] [Português]All available languagesEnglish (USA) [English (UK)] [English (Australia)] [English (Canada)] [English (New Zealand)] [English (South Africa)] [English (Ireland)] [English (Singapore)] [English (Nigeria)] [English (Pakistan)] [English (India)] [eština] [Deutsch] [Dansk] [Español] [Français] [Italiano] [] [ ...

Fiscal Third Quarter Ended December 31, 2025 Financial Results February 10, 2026 Summary Financial Results for Nine Months Ended Operating Profit 591.5 billion yen Motorcycle business Group Unit Sales: 16.44 million units Achieved record-high unit sales, operating profit, and operating margin for nine months ended December 31, 2025 Automobile business Group Unit Sales: 2.561 million units Operating profit: - 166.4 billion yen (Operating margin - 1.6%) incl. tariff impacts and one-time EV-related expenses (- ...

PM Images/DigitalVision via Getty Images Dear Fellow Shareholders, For the three months ended December 31, 2025, the Third Avenue Value Fund (the “Fund”) returned 7.47%, as compared to the MSCI World Index[1], which returned 3.12%, and the MSCI World Value Index[2], which returned 3.34%. For the year-to-date period, the Fund returned 35.46%, compared to the MSCI World Index and the MSCI World Value Index, which returned 21.09% and 20.79%, respectively. As of year-end, annualized Fund performance for the ...

前一段在海南和行业专家做一个视频，吃饭闲聊时，他提了一个非常有意思的问题，就是为什么现在大家都感觉经济情况不好？ 但是觉得经济情况不好，钱难赚，工作不好找，大家都面对着压力，这也是普通人切实的感受，原因在什么地方？ 我认真地思考了这个问题，相信产业的聚集效应导致了这个问题的出现。用一个产业分析，大家可以看到其中的问题所在： 我们熟悉的手机行业，曾经这个产业在山寨机时代，中国手机品牌就是500多个，在一些偏僻的地方，比如某一个小县城，根本没有什么知名品牌，只有 某一个小品牌手机，这个手机品牌只是一个省，或几个省销售，在当地形成了相对垄断。这500多个品牌后面，就有几千家，甚至上万家配件供应商，大 家形成一个产业链。 没有产业集聚，众多品牌一窝蜂上，坏处消费者买不到好产品，服务品质也受影响，好处是大量企业的存在，解决了就业，形成了一个规模庞大的生产体 系。山寨机企业的利润并不高，但是几亿利润，甚至几百万利润，很多小老板日子就过得很滋润了。 现在中国的国产手机集中到头部只有几家，主要的厂商也就10家左右了，这些大厂为了保证质量，防止出问题，把众多的配件小厂都砍掉了，只和几十家 大厂合作，为的是保证产品质量，防止产品 ...

Key TakeawaysRussia claims capture of Chuhunivka in eastern Ukraine, intensifying geopolitical tensions, while Ukraine implements emergency power cuts following widespread airstrikes.An assassination attempt on top Russian military intelligence General Alexeyev has been reported, with suspects expected to be interrogated soon, according to Kommersant.Ukrainian President Zelenskiy anticipates the next round of trilateral peace talks in about a week, with the U.S. reportedly aiming for a deal to end the war b ...

Market Overview - U.S. equity markets experienced a rebound, with stocks rising approximately 1.7%, while small-cap stocks surged by 3.4% [1][3] - Bitcoin saw a significant increase of nearly 12%, reaching $70,000 per coin, after being about $10,000 lower the previous day [2] Sector Performance - The rotation in the market is shifting focus from large-cap tech stocks to sectors such as biotech, electronic components, airlines, trucking, and banks [3][8] - The S&P 500 and NASDAQ indices rose by almost 2%, while the Russell 2000 small-cap index outperformed with over 3% gains [3][4] Earnings Reports - 78.5% of S&P 500 companies that reported earnings exceeded expectations, although this is a decline from previous quarters [5][6] - The mixed reactions to big tech earnings indicate ongoing market focus on these companies despite the broader market rotation [6][8] Investment Strategies - There is a growing interest in diversifying investments beyond large-cap tech stocks into small-cap and cyclical value stocks [16][78] - The market is seeing a shift towards non-U.S. equities, which have gained 7.25% year-to-date, contrasting with a 4.5% decline in concentrated tech names [78][80] Demographic Trends in Real Estate - The senior housing market is experiencing growth due to demographic trends, with a significant increase in the aging population, particularly as baby boomers turn 80 [20][24] - Ventas, a real estate trust, is focusing on acquiring senior housing properties, targeting $2.5 billion in investments, driven by strong demand and limited new construction [24][28] Prediction Markets - The rise of prediction markets is impacting traditional sports betting, with estimates suggesting they could account for about 5% of total wagers [38][42] - Interactive Brokers is positioning itself in the prediction market space, focusing on economic and environmental contracts rather than sports [50][55]

General Motors (NYSE: GM) capped off 2025 in style, essentially firing on all cylinders by beating fourth quarter bottom-line earnings estimates from Wall Street, raising its 2026 forecasts for net income and adjusted earnings, increasing its dividend, and initiating a new $6 billion share buyback. Over the past three years, GM's stock has more than doubled to a 113% rise, which leaves crosstown rival Ford Motor Company's (NYSE: F) 1% gain, and the broader S&P 500's 68% gain, in the dust. Despite all of th ...