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TYO:7267

12 stories mentioning TYO:7267

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Asia

Market Chatter: Tokyo Increases EV Purchase Support to Encourage Adoption

The Tokyo Metropolitan Government has raised purchase subsidies for electric vehicles by up to 300,000 yen to as much as 1.3 million yen, Nikkei Asia reported Wednesday.Both individuals and businesses are eligible for the subsidies, which are capped at 1.3 million yen for EVs and 1.15 million yen for hybrids, with no restriction on the number of vehicles purchased, the news daily said.Under the new system, the base subsidy will double to 200,000 yen, while extra incentives stay the same: 100,000 yen for vehicle-to-home power, 100,000 yen for charging equipment installation, and up to 300,000 yen for using renewable energy or solar power, the report said.The final subsidy also includes a manufacturer-based component of up to 400,000 yen, with Toyota (TYO:7203), Nissan(TYO:7201), and Honda ( TYO:7267), receiving the maximum, while BYD (HKG:1211) gets 100,000 yen and Daihatsu receives nothing, the publication said.Several factors, including sales performance, lineup size, and green transformation efforts, determine how much each automaker qualifies for, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:1211TYO:7201TYO:7203TYO:7267
Asia

LG Energy Solution, Honda, Hanoi City Sign Deal to Set Up Battery Swapping Stations for Electric Two-Wheelers

LG Energy Solution (KRX:373220), Japanese automaker Honda Motor (TYO:7267), and the City of Hanoi, Vietnam, signed a memorandum of understanding to establish public battery swapping stations for electric two-wheelers, according to a Wednesday release.Under the agreement, the three parties will establish electric two-wheeler battery-swapping stations in ​​central Hanoi using LG Energy Solution's Cylindrical 2170 batteries and develop battery standardisation and safety management systems. Business models for electric two-wheeler platforms will also be established, according to the release.Honda will be responsible for battery packs, switchers, and electric motorcycles, the release said.Shares of LG Energy Solution fell nearly 4% at market close.

KRX:373220TYO:7267
Asia

Market Chatter: Suzuki Poised to Overtake Honda as Japan's No. 2 Carmaker

Suzuki Motor (TYO:7269) is on track to overtake Honda Motor (TYO:7267) as Japan's second-largest automaker by global vehicle sales this fiscal year, driven by strong growth in India, Nikkei reported Friday.Suzuki forecasts automobile sales of 3.6 million units for the year ending March 2027, up 7%, compared with Honda's projection of 3.3 million units, according to the report.India is fueling Suzuki's expansion and is expected to account for about 60% of its global sales volume. The company has also avoided pressure from the U.S. tariff market and intensifying electric-vehicle competition in China, where several Japanese rivals are struggling, the report said.Suzuki posted record fiscal 2025 net profit of 439.2 billion yen on revenue of 6.29 trillion yen, though it expects profit to fall 13% this fiscal year due to higher raw material costs and Middle East-related risks, according to the report.Competition in India is intensifying as Honda and Toyota Motor (TYO:7203) expand in the market. Honda plans to launch new compact and midsize models from 2028, while Toyota aims to raise India production to 1 million units in the 2030s, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:7203TYO:7267TYO:7269
Asia

Honda Swings to Full-Year Loss Amid EV Strategy Shift

Honda Motor (TYO:7267) posted an attributable loss of 424 billion yen for the fiscal year ended March 31, reversing a profit of 836 billion yen a year earlier, weighed down by a hefty hit tied to its electric vehicle business.Loss per share came to 106.06 yen, compared with earnings per share of 178.93 yen in the previous fiscal year, according to a Tokyo bourse filing on Thursday.The Japanese carmaker said the fiscal 2025 loss reflected a 1.58 trillion yen impact related to the reorganization of its EV business amid "significant changes" in the electric vehicle market.Sales revenue, meanwhile, inched up to 21.8 trillion yen from 21.7 trillion yen in the prior year.Honda declared a final dividend of 35 yen per share, payable from June 9.For the fiscal year ending March 31, 2027, the company expects attributable profit of 260 billion yen, EPS of 66.79 yen, and net sales of 23.2 trillion yen.

TYO:7267
Honda Motor Posts First Annual Loss in Nearly 70 Years as EV Costs, Tariffs Weigh
US Markets

Honda Motor Posts First Annual Loss in Nearly 70 Years as EV Costs, Tariffs Weigh

Honda Motor (TYO:7267) posted its first annual loss in nearly 70 years as a listed company after mounting EV-related charges and tariff impacts pushed the Japanese automaker into the red despite resilient revenue.Loss attributable to owners of the parent totaled 423.9 billion yen for the year ended March 31, compared with a profit of 835.8 billion yen a year earlier, according to a Thursday filing with the Tokyo Stock Exchange.Loss per share came to 106.06 yen, compared with earnings per share of 178.93 yen a year earlier.Revenue inched up 0.5% to 21.797 trillion yen from 21.689 trillion yen in fiscal 2025, supported by stronger motorcycle sales, though gains were partly offset by weaker automobile revenue and adverse currency translation effects.Honda booked EV-related losses totaling 1.454 trillion yen during the fiscal year, contributing to an operating loss of 414.3 billion yen.The automaker said the global EV market environment had shifted sharply, particularly in North America, where slowing demand growth and changes to policy support disrupted rollout plans.Separately, Honda indefinitely suspended plans to establish a comprehensive electric vehicle value chain in Ontario, Canada, after previously delaying the project by about two years amid slowing EV demand.Honda had unveiled the Canada EV supply chain project in April 2024 as part of efforts to expand its North American EV operations, before postponing the plan in May 2025 because of weaker-than-expected EV demand growth."In the United States, the expansion of the EV market has slowed due to revisions to EV incentives and the easing of fossil fuel regulations," Honda said, adding that it revised product launch plans, scrapped development of certain North America-focused EV models, and scaled back some alliance-linked production plans.The automaker also said intensifying competition from emerging EV manufacturers in China prompted further revisions to launch plans for some electric vehicle models.The company also said tariff impacts weighed on earnings during the year.Meanwhile, Honda maintained its full-year dividend at 70 yen per share for fiscal 2026 and projected the same payout for fiscal 2027.For fiscal 2027, the automaker forecasts revenue of 23.150 trillion yen and profit attributable to owners of the parent of 260 billion yen.The company said it expects EV-related losses to narrow to 500 billion yen in fiscal 2027.

TYO:7267
Asia

Honda Indefinitely Suspends Canada EV Supply Chain Project Amid Sluggish Demand

Honda Motor (TYO:7267) said it indefinitely suspended its plan to establish a comprehensive electric vehicle value chain in Ontario, Canada, after previously delaying the project by about two years amid slowing EV demand, according to a Thursday filing on the Tokyo Stock Exchange.The automaker had originally disclosed the Canada EV supply chain project in April 2024 as part of efforts to strengthen its North American electric vehicle operations. Honda later said in May 2025 that it would postpone the plan by about two years because of weaker demand growth for EVs.

TYO:7267
Asia

Market Chatter: Honda, Toyota China Sales Fall as Local EV Competition Intensifies

Honda Motor (TYO:7267) and Toyota Motor (TYO:7203) reported sharp sales declines in China in April as domestic competition intensified and weaker consumer demand weighed on the market, Nikkei reported Tuesday.Honda's China sales fell 48% from a year earlier to 22,595 vehicles, with demand slowing for core models including the Accord. Sales at its joint venture with Guangzhou Automobile Group dropped 64%, while deliveries at its venture with Dongfeng Motor Group fell 31%, according to the report.Honda said slower model updates hurt performance as Chinese brands and rivals accelerated new vehicle launches, the report said.Toyota's April sales in China declined 25% to 106,500 vehicles. The company said higher gasoline prices weakened demand for combustion-engine cars, while some consumers delayed purchases ahead of May Day promotions, according to the report.Sales at FAW Toyota fell 38%, while GAC Toyota posted a 10% decline. Deliveries for Toyota's Lexus marque dropped 29%. In contrast, Toyota's EV sales in China jumped 88% to 17,700 units. For the first four months of the year, Honda's China sales fell 28%, while Toyota recorded a 10% decline, the report said.China's overall vehicle sales dropped 20% during the period, according to the China Association of Automobile Manufacturers, amid weak domestic demand and reduced tax incentives for electric and new-energy vehicles, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Honda Motor Freezes Canada EV Project Amid Strategy Overhaul

Honda Motor (TYO:7267) will pause its plans to establish an electric vehicle (EV) factory in Ontario, Canada, Nikkei Asia reported Wednesday.The move comes amid weaker US demand, forcing the automaker to focus more on hybrids as part of its North American strategy, the report said.In May 2025, the company delayed the construction of the plant and a battery factory by two years, according to the report.Honda Motor is discussing the indefinite suspension of the project with the Canadian government, with a potential termination contingent on trends in North American EV policies, the report said.Honda was allocating CA$15 billion on the plant and the battery factory, with the related land purchase supposedly obtaining support from Canada, Nikkei Asia said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:7267
Asia

Honda to Exit South Korean Car Market by Year End, Will Retain Motorcycle and After-Sales Services

Honda (TYO:7267) will discontinue automobile sales operations of its South Korean subsidiary, Honda Korea, based in Seoul, at the end of the year, according to a statement on Thursday.The decision came after reviewing shifts in both the global and local automotive markets, as Honda aims to refocus corporate resources on strengthening long-term competitiveness.Even after ending car sales, the company will continue offering after-sales services in South Korea, including vehicle maintenance, parts supply, and warranty support for existing Honda car owners.Meanwhile, Honda Korea will keep its motorcycle business as the core of its operations and plans to further enhance customer experiences and product offerings in that segment.

KOSPITYO:7267
Asia

Sony, Honda Scale Back Mobility Venture After EV Plan Halt

Sony Group (TYO:6758) and Honda Motor (TYO:7267) said their joint venture Sony Honda Mobility will scale down operations after scrapping planned electric vehicle launches, according to a Tuesday filing on the Tokyo Stock Exchange.The decision follows the cancellation of the Afeela models, with the companies concluding it would be difficult to deliver products aligned with the venture's goals in the near to medium term under the current setup.Operations will be reduced for now, with employees expected to be reassigned to the parent companies or related entities.The companies said they will continue exploring future collaboration, focusing on software-driven mobility and advanced driver assistance technologies.

TYO:6758TYO:7267
Asia

Market Chatter: Asahi Kasei Delays Canada Battery Plant on Weak EV Demand

Asahi Kasei (TYO:3407) will delay the start of its battery separator plant in Ontario, Canada, to 2029 or later after Honda Motor (TYO:7267) postponed its electric vehicle project, denting demand, Nikkei reported Wednesday.The plant, initially slated to begin operations in 2027, will instead be supported by exports from Japan to serve North America, according to the report.The company has sharply lowered its outlook for the region's EV market and scaled back related investments. It is turning to demand from energy storage and artificial intelligence data centres to support growth, the report said.U.S. energy storage installations are rising rapidly and are expected to expand further by the end of the decade. Asahi Kasei has also trimmed its medium-term sales target for its separator business, while maintaining margin goals, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:3407TYO:7267
Asia

Market Chatter: SoftBank Introduces AI Company with NEC, Honda, Sony as Investors

SoftBank Group (TYO:9984) has launched a new company focused on developing artificial intelligence in Japan, with investments from NEC (TYO:6701), Honda Motor (TYO:7267), and six other firms, Nikkei Asia reported on Monday.The Japanese government is evaluating potential support for the initiative. The venture aims to create a foundational model for "physical AI" to enable autonomous control of robots and machinery through a collaborative public-private effort, the news daily said.Additional investors include Sony Group (TYO:6758), Mitsubishi UFJ Financial's (TYO:8306) MUFG Bank, Sumitomo Mitsui Banking Corp. (TYO:8316), Mizuho Bank (TYO:8411), Nippon Steel (TYO:5401), Kobe Steel (TYO:5406), and AI developer Preferred Networks will also assist in building the model.Softbank Group did not reply to MTNewswire queries at press time.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:5401TYO:5406TYO:6701TYO:6758TYO:7267TYO:8306TYO:8316TYO:8411TYO:9984