Honda Motor Co., Ltd. raised its consolidated earnings forecast for the fiscal year ending March 2027. It said higher motorcycle sales and expanding demand in the North American market contributed to the improvement in revenue and profit.
Honda announced that it had raised its consolidated earnings forecast for the fiscal year ending March 2027, increasing revenue from ¥24.15 trillion to ¥24.4 trillion, operating profit from ¥650 billion to ¥780 billion, and net income from ¥400 billion to ¥500 billion.
The reasons included raising its motorcycle sales outlook from 22.8 million to 23.3 million units, mainly in India and Brazil, and raising its North American four-wheel vehicle sales outlook from 1.705 million to 1.735 million units as demand for small cars, fuel-efficient vehicles and hybrid vehicles increases in North America.
The company also said the revision reflected an assumed exchange rate of ¥156 to US$1, ¥1 weaker against the yen than in the previous forecast. In the September interim results announced at the same time, revenue was ¥12.0376 trillion, operating profit was ¥648.737 billion and net income was ¥516.761 billion. Motorcycle sales reached a record 11.9 million units, while four-wheel vehicle sales in North America increased.