Honda's first-quarter profit more than doubles on strong sales and favorable currency, prompting a raised full-year forecast.

Honda reported a strong start to its fiscal year, with first-quarter revenue rising 13.5% year-over-year to ¥6.06 trillion. Profitability saw a significant boost, as operating profit surged 117.4% and net profit attributable to owners grew 129.3%, driven by growth in the Motorcycle and Financial Services businesses, favorable currency effects, and comparison against prior-year EV-related losses. Citing a weaker yen, the company raised its full-year fiscal 2027 guidance.

Key Highlights

• Operating profit jumped 117.4% to ¥530.8 billion, primarily due to increased revenue, positive foreign exchange effects, and the absence of EV-related losses that impacted the prior-year period.
• Profit for the period attributable to owners of the parent increased 129.3% to ¥450.9 billion, with basic earnings per share reaching ¥115.84, up from ¥46.80 in the same quarter last year.
• Honda raised its full-year fiscal 2027 forecast, increasing its expected operating profit by 30% to ¥650 billion and sales revenue by 4.3% to ¥24.15 trillion, based on revised, more favorable currency exchange rate assumptions.