Related Articles
Research
Research Alert: Honda Reports Substantial Ev-related Losses For Fy 26 Amid Strategy Shift
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Honda reported a consolidated operating loss of JPY414.3B for FY 26 (Mar.), down sharply from the prior year's profit of JPY1,213.5B, primarily due to EV-related losses totaling JPY1,577.8B from strategy reassessment and asset impairments. Revenue edged up 0.5% to JPY21,796.6B, supported by higher motorcycle sales in Asia and South America that offset automobile declines from semiconductor shortages and tariff impacts. Excluding one-time EV charges, adjusted operating profit of JPY1,039.3B demonstrated underlying operational strength, with the motorcycle business achieving record sales volume and operating profit of JPY731.9B. For FY 27, management forecasts operating profit of JPY500.0B and expects the company to bottom out in FY 26-FY 27 before beginning recovery. Honda maintained its JPY70 dividend and robust cash position of JPY5,118.4B, while planning motorcycle capacity expansion in India targeting record 22.8M unit sales and shifting automobile focus toward hybrid vehicles in North America.
$HMC
Research
Nomura Upgrades NC to Buy from Neutral, Adjusts Price Target to KRW310,000 from KRW230,000
NC (KRX:036570) has an average rating of overweight and mean price target of 323,703.72 won, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
$KRX:036570
Research
Research Alert: Ccl Industries: Q1 Beats Estimates, Aluminum And Energy Costs Pressure Margins
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CCL Industries posted Q1 2026 adjusted EPS of CAD1.20 vs. CAD1.17 consensus, though the beat was mechanical from buybacks rather than fundamental acceleration. Sales grew 2.8% to CAD1,939M vs. CAD1,925M consensus on 1.9% organic growth, while operating income was flat at CAD317.5M but beat the CAD299M estimate. The print removes downside risk but does not change the earnings trajectory, with limited catalyst for expansion absent margin recovery at Checkpoint and Innovia. Management expects the Pennsylvania aluminum facility to return to full operation in Q2 following equipment outages. The core CCL segment delivered 3.1% organic sales growth and 5.2% operating income increase to CAD210.8M despite capacity constraints. Geographically, mid-teens APAC growth and mid-single-digit Europe/Latin America growth offset single-digit North America declines from soft consumer markets. The balance sheet remains strong, with 0.85x leverage and CAD1B cash, supporting CAD130M in capital returns during the quarter.
$CCL.B