Honda sees full-year profit down 59 per cent as US tariffs bite, postpones Canada EV plans

Japan’s Honda Motor (7267.T) forecast a 59 per cent profit decrease in the current financial year and said it would put on hold a plan to build an EV supply chain in Canada, amid the uncertainty stemming from US President Donald Trump’s tariffs.

Japan’s second-biggest automaker expects operating income to total 500 billion yen ($3.38 billion) in the year to March 31, 2026, versus 1.21 trillion yen in the year