Honda raises outlook even as failed EV bet weighs on profit

AI Summary

Honda raised its operating-profit forecast for the fiscal year ending March 2027 to ¥780 billion, from ¥650 billion. The improved outlook comes despite profit pressure from the automaker’s unsuccessful electric-vehicle strategy.

The carmaker now expects an operating profit of ¥780 billion in the fiscal year ending March 2027, up from its previous guidance of ¥650 billion.