TOKYO (AP) — Honda's profit in the last quarter was half of what it was a year earlier, the company said Wednesday, as automakers were hit by 25% tariffs on vehicle exports to the United States.
The Japanese automaker reported Wednesday that its April-June profit totaled 196.7 billion yen ($1.3 billion), about half of what it earned during the same period the previous year at 394.7 billion yen. Quarterly sales edged 1.2% lower to 5.3 trillion yen ($36 billion).
The Tokyo-based maker of the Accord sedan and Asimo robot revised upward its profit forecast for the full fiscal year through March 2026 to 420 billion yen ($2.9 billion), better than its earlier estimate of 250 billion yen. The improved projection still marks a 50% drop from the previous year's results.
Honda stuck to its forecast to sell 3.62 million vehicles worldwide in this fiscal year.
It said its motorcycle business in Brazil and Vietnam was solid, while North American car sales also remained strong despite headwinds from the tariffs.
The negative impact of the tariffs was estimated at about 450 billion yen ($3 billion), based on “a detailed review,” according to Honda.
The company's auto sales declined year-on-year in Japan, the rest of Asia and Europe. Honda’s quarterly global auto sales totaled 839,000 units, down from 869,000 the same period last year.
Honda also said it posted a one-time expense related to electric vehicles, such as losses related to EVs sold in the U.S. and write-offs for lineup changes.
Eiji Fujimura, Honda's chief financial officer and director, welcomed an agreement between the U.S. and Japan to cut an initially planned 25% tariff on imported autos to 15%. That will work as “a positive” for the company’s business, customers, suppliers and shareholders, he said, even if it's higher than the original level.
Fujimura stressed that Honda has long tried to promote free trade and fair competition around the world to deliver quality products and, in his words, “contribute to the local community.”
“Now we must face up to this new normal,” he told reporters.
Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama
FILE - Honda cars are pictured at a dealership in Bedford, Ohio Tuesday, July 8, 2025. (AP Photo/Sue Ogrocki, File)
FILE - This Feb. 14, 2013, file photo shows a Honda logo on the trunk of a Honda automobile at the Pittsburgh Auto Show, in Pittsburgh. (AP Photo/Gene J. Puskar, File)
BOSTON (AP) — Marat Khusnutdinov and Viktor Arvidsson scored in the first 3:45 of the game, and the Boston Bruins held on to beat the Seattle Kraken 4-2 on Thursday night after raising Zdeno Chara's No. 33 to the rafters.
Mark Kastelic added a short-handed goal in the second period, and Jeremy Swayman stopped 26 shots for Boston, which swept a five-game homestand for the first time since 2019 and won for the seventh time in eight games. David Pastrnak scored an empty-netter with 15 seconds left after the Kraken picked up back-to-back penalties, then pulled the goalie to play five-on-four.
Chandler Stephenson and Eeli Tolvanen scored, and Joey Daccord made 20 saves for the Kraken, who have lost four of their last five games.
The Bruins began the night by honoring Chara, the Hall of Fame defenseman who was the captain of their 2011 Stanley Cup championship team. Hall of Famers Bobby Orr and current Bruins president Cam Neely were among those who took part in the ceremony, which ended with Chara's children raising his number to the TD Garden rafters.
Khusnutdinov took a long pass from Charlie McAvoy, skated in on Daccord and slipped in a backhand to make it 1-0 54 seconds into the game. Less than three minutes later, Arvidsson tried to center the puck to Casey Mittelstadt, but it was deflected into the net by Seattle's Jordan Eberle.
The Kraken called an early timeout, leaving them without one when they might have needed it down two players in the final minute.
After Stephenson made it a one-goal game, Kastelic poked the puck away from Kraken forward Matty Beniers and skated in on Daccord for the short-handed goal that made it 3-1.
The Kraken visit Utah on Saturday.
The Bruins visit Chicago on Saturday.
AP NHL: https://apnews.com/hub/nhl
Former Boston Bruins captain Zdeno Chara speaks during his number retirement ceremony before an NHL hockey game between the Boston Bruins and the Seattle Kraken Thursday, Jan. 15, 2026, in Boston. (AP Photo/Winslow Townson)
Boston Bruins' Viktor Arvidsson is congratulated at the bench after scoring against the Seattle Kraken during the first period of an NHL hockey game Thursday, Jan. 15, 2026, in Boston. (AP Photo/Winslow Townson)
Boston Bruins goaltender Jeremy Swayman makes a save as defenseman Nikita Zadorov and Seattle Kraken's Frederick Gaudreau look for the rebound during the first period of an NHL hockey game, Thursday, Jan. 15, 2026, in Boston. (AP Photo/Winslow Townson)
Boston Bruins' Mark Kastelic eyes a loose puck as he gets past Seattle Kraken's Matty Beniers during the second period of an NHL hockey game Thursday, Jan. 15, 2026, in Boston. (AP Photo/Winslow Townson)
Seattle Kraken's Chandler Stephenson deflects the puck past Boston Bruins goaltender Jeremy Swayman for a goal during the first period of an NHL hockey game, Thursday, Jan. 15, 2026, in Boston. (AP Photo/Winslow Townson)
