15:35 - 7.11.2025

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November 7, Fineko/abc.az. Honda Motor lowered its annual profit forecast on Friday, citing shortage of chips from Dutch supplier Nexperia and weak car sales in Asia, after reporting a sharp drop in first-half profits under pressure from U.S. tariffs.

ABC.AZ informs that the company expects that impact of tariffs for the full year will be less than previously forecast.

Net income for the six months to September fell 37% from a year earlier to 311.83 billion yens ($2.04 billion), missing analysts' forecasts of 342.97 billion yens compiled by Quick.

The company reported operating profit of 194 billion yens ($1.29 billion) for July-September, below the average forecast of 212.1 billion yens in the LSEG survey and below 257.9 billion yens a year earlier.