Honda scales back aggressive EV push, overhauling fundamental strategy
Automobiles
Company aims to rebound to net profit in FY26 despite massive EV-related losses
Honda Motor has been forced to scale back its aggressive EV strategy, set in 2021 under President Toshihiro Mibe’s leadership, due to a changing business environment. © Getty Images
YURIKA YONEDA
May 14, 2026 13:44 JST
Updated on May 14, 2026 18:16 JST
TOKYO — Honda Motor said on Thursday that it expects net profit of 260 billion yen ($1.65 billion) in the fiscal year ending March 2027, aiming to return to the black despite ongoing challenges, while announcing its first net loss since listing for the previous year due to electric vehicle-related losses.
