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HONDA MOTOR, Apr-Dec (Cumulative 3Q) Net Income Decreases by 42%, Exceeds Full-Year Plan

Tue Feb 10, 2026 3:30 pm JST Earnings

7267 HONDA MOTOR CO., LTD. 【IFRS】

Earnings Report

HONDA MOTOR CO., LTD. <7267> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 10th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) dropped 42.2% from the same period last year to 465 billion yen. Progress toward the full-year plan of 300 billion yen is 155.1%, already exceeding the target and also exceeding the five-year average of 82.9%.

Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income/loss for the January to March period (4Q) is expected to turn into a loss of 165 billion yen (compared to a profit of 30.5 billion yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.

In the most recent three-month period, from October to December (3Q), the consolidated net income significantly dropped to 153 billion yen, a 50.5% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.2% in the same period last year to 2.9%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 14,999,492 1,076,385 1,264,524 869,609 176.8 77.0 Feb 8, 2024 IFRS
Apr - Dec, 2024 16,328,725 1,139,920 1,225,559 805,263 169.7 93.0 Feb 13, 2025 IFRS
Apr - Dec, 2025 15,975,664 591,505 771,787 465,437 115.5 124.5 Feb 10, 2026 IFRS
YoY -2.2% -48.1% -37.0% -42.2% -31.9%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 10,067,320 111,856 62,581 -11,829 -3.0 35 Nov 7, 2025 IFRS
Oct - Mar, 2025 New 10,467,320 111,856 92,581 -11,829 -3.0 35 Feb 10, 2026 IFRS
Revision Rate +4.0% 0.0% +47.9% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 20,700,000 550,000 590,000 300,000 77.1 70 Nov 7, 2025 IFRS
Mar, 2026 New 21,100,000 550,000 620,000 300,000 77.1 70 Feb 10, 2026 IFRS
Revision Rate +1.9% 0.0% +5.1% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 10,891,154 470,878 575,687 341,154 73.0 34 May 13, 2025 IFRS
Oct - Mar, 2025 Guidance 10,467,320 111,856 92,581 -11,829 -3.0 35 Feb 10, 2026 IFRS
YoY -3.9% -76.2% -83.9% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 20,428,802 1,381,977 1,642,384 1,107,174 225.9 68 May 10, 2024 IFRS
Mar, 2025 21,688,767 1,213,486 1,317,640 835,837 178.9 68 May 13, 2025 IFRS
Mar, 2026 Guidance 21,100,000 550,000 620,000 300,000 77.1 70 Feb 10, 2026 IFRS
YoY -2.7% -54.7% -52.9% -64.1% -56.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 5,531,112 397,312 483,606 310,580 65.5 7.2 Feb 13, 2025 IFRS
Jan - Mar, 2025 5,360,042 73,566 92,081 30,574 6.6 1.4 May 13, 2025 IFRS
Apr - Jun, 2025 5,340,268 244,170 292,334 196,670 46.8 4.6 Aug 6, 2025 IFRS
Jul - Sep, 2025 5,292,412 193,974 235,085 115,159 28.2 3.7 Nov 7, 2025 IFRS
Oct - Dec, 2025 5,342,984 153,361 244,368 153,608 38.1 2.9 Feb 10, 2026 IFRS
YoY -3.4% -61.4% -49.5% -50.5% -41.7%

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