Honda Motor is expected to report net profit of 192.25 billion yen ($1.21 billion) for the three months ended September, up 67% from a year earlier, according to a Quick poll of analysts. The company is scheduled to release its second-quarter results on Tuesday.
The poll puts quarterly revenue at 5.850 trillion yen, an 11% increase. Honda recorded net profit of 115.16 billion yen in the same period last year. Its shares have gained 23% year to date, supported by hopes of recovery from electric-vehicle-related losses and strength in its motorcycle business.
Investors will look for any revisions to Honda’s forecast for the fiscal year ending March 2027. The company has projected revenue of 24.150 trillion yen, up 11%, and net profit of 400.00 billion yen, following a net loss in the previous year.
Honda’s motorcycle segment is another focus. First-quarter operating profit there rose 24% to 233.96 billion yen, helped by higher sales in India and Brazil. In its car business, Honda is seeking to improve profitability by strengthening its hybrid-electric vehicle offerings. It plans to end production this year of the Prologue sport-utility vehicle, the only electric vehicle it sells in the U.S. Investors will be watching for updates on its hybrid plans.
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