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TYO:7267

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Asia

Market Chatter: Honda India Bets on Ethanol-Fueled Two-Wheelers Over EVs

Honda's (TYO:7267) Indian two-wheeler unit is prioritizing ethanol-blended fuels over electric vehicles to cut emissions, citing practicality and customer needs, Bloomberg News reported on Friday, citing President Tsutsumu Otani.Otani said that sustainability must remain accessible and reliable for India's diverse market, rejecting a one-size-fits-all approach, the news wire said.Honda Motorcycle & Scooter India is advancing flex-fuel options like E85 and pure ethanol while staying on the EV sidelines, the publication 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.)

^BSE^NSETYO:7267
Asia

Honda Motor, Guangzhou Automobile Extend China JV Through 2038

Honda Motor (TYO:7267) signed an agreement with its Chinese joint venture partner, Guangzhou Automobile Group or GAC (SHA:601238, HKG:2238), to extend their automobile production and sales deal through 2038, according to a Monday release.The automotive company said that the extension comes amid growing competition in electric vehicles and intelligent driving technologies and would not make any material impact on its consolidated financial results for the fiscal year ending March 31, 2027.

TYO:7267
Asia

Noetra Launches Japan-Made Multimodal AI Model for Robotics

Noetra, backed by Sony (TYO:6758), SoftBank(TYO:9984), NEC(TYO:6701), and Honda (TYO:7267), has initiated full-scale R&D for a domestically developed multimodal foundation model aimed at advancing AI-enabled robots and physical AI.The company has assembled a research organization with engineers seconded from core partners and institutions like AIST and Preferred Networks, according to a statement on Thursday.Noetra also plans to build an AI computing infrastructure with approximately 27,500 NVIDIA Rubin GPUs by mid-2028.Its roadmap progresses from a Japanese-language reasoning model in fiscal 2026 to an omni-modal system by 2028, and a "Real-world Native AI" with spatial-physical awareness by 2030.The models will be released externally in stages, aligning with R&D progress and real-world application readiness.

TYO:6701TYO:6758TYO:7267TYO:9984
Asia

Market Chatter: Honda to Produce Electric Motorcycle in Vietnam From September

Honda (TYO:7267) plans to start manufacturing its UC3 electric motorcycle in Vietnam as early as September, shifting production from Thailand to a plant in Phu Tho province, Nikkei Asia reported on Thursday, citing Honda Vietnam general director Sayaka Arai.The move comes as Hanoi recently introduced a low-emission zone limiting gasoline motorcycle use on weekends, the news daily said.Arai noted that consumer interest in electric two-wheelers is growing faster than expected, with dealers seeing rising demand, the publication 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
CATL Invests in New Zealand Biographite Maker CarbonScape
US Markets

CATL Invests in New Zealand Biographite Maker CarbonScape

Contemporary Amperex Technology (SHE:300750, HKG:3750) or CATL has made a strategic investment in New Zealand-based bio-based graphite materials maker CarbonScape.Through the investment, the Chinese battery maker plans "to advance the commercial scale-up and deployment" of bio-based graphite materials for next-generation battery supply chains, CarbonScape and CATL said in a joint press release on Monday.The multi-year collaboration covers technology de-risking and scale-up, as well as strategic investment and financing.While the companies did not disclose the financial terms of the transaction, Bloomberg reported that CATL invested to acquire a 20% stake in CarbonScape.As part of the deal, CATL will also secure representation on CarbonScape's board, according to the press release.The partnership seeks to establish local graphite supply chains for automakers in the U.S. and Europe.CATL supplies batteries to major automakers, including Tesla, BMW, Mercedes-Benz, Volkswagen, Honda Motor (TYO:7267), Hyundai Motor (KRX:005380), NIO (HKG:9866, SGX:NIO) and Li Auto (HKG:2015).The companies noted that over 75% of graphite used in batteries comes from an oil-based feedstock. CarbonScape said its technology enables the production of battery-grade graphite from forestry by-products."What we have built at CarbonScape is the only proven pathway to produce battery-grade graphite from forestry residues, at target cost parity with conventional graphite and with a carbon-negative footprint. CATL's investment is the most powerful validation this technology could receive," said Vincent Ledoux-Pedailles, Chief Commercial Officer of CarbonScape.Hong Kong-based investment firm Lochpine Capital, which serves as the strategic offshore investment arm of CATL, has also made a strategic investment in CarbonScape."CarbonScape has developed a differentiated approach to graphite production using forestry by-products, and we are pleased to support the company alongside CATL as it advances its technology and commercialisation plans," said Blake Niu, Lead Partner at Lochpine Capital.

HKG:2015HKG:3750HKG:9866KRX:005380SGX:NIOSHE:300750TYO:7267
Japan Taps SoftBank-Backed Noetra for AI Push Worth Up to 1 Trillion Yen
US Markets

Japan Taps SoftBank-Backed Noetra for AI Push Worth Up to 1 Trillion Yen

Japan's government has selected a SoftBank Corp.-backed (TYO:9434) consortium to lead a national effort to develop a homegrown artificial intelligence model, with total government investment poised to reach 1 trillion yen over five years.The Ministry of Economy, Trade and Industry (METI) and the New Energy and Industrial Technology Development Organization (NEDO) named Noetra Inc. and the National Institute of Advanced Industrial Science and Technology (AIST) as the implementers of its "Multimodal Platform Model Development Project for AI Robots and Physical AI," according to a press release on Tuesday.It follows a review of 15 proposals submitted during a public tender that ran from March 24 to April 22.The project spans fiscal years 2026 through 2030, with contracts initially signed for the first two years and continuation subject to an annual stage-gate review, NEDO said.Under the arrangement, Noetra will develop and supply "an internationally competitive" multimodal platform model while taking into account the needs of Japanese model development and utilization.AIST will work with domestic and international research institutions to carry out advanced technological development and contribute to the development of what METI described as "a future-oriented, competitive platform model."The AI model is expected to handle a range of data, including language, audio, images, videos, sensor data, and more.The government has already earmarked 387.3 billion yen for the program in its fiscal 2026 budget, funded through GX Economy Transition Bonds, according to METI's budget outline published in April.Noetra is a joint project led by SoftBank Corp., the telecommunications and internet subsidiary of SoftBank Group (TYO:9984). It counts NEC Corp. (TYO:6701), Honda Motor (TYO:7267), Sony Group (TYO:6758), Mitsubishi UFJ Financial Group (TYO:8306), Sumitomo Mitsui Financial (TYO:8316), Mizuho Financial Group (TYO:8411), Nippon Steel (TYO:5401) and Kobe Steel (TYO:5406) as partners.Back in April, METI disclosed its ambition for Japan to capture 30%, or 20 trillion yen, of the global AI robotics market by 2040.The announcement comes amid a broader rally in Japanese AI-linked stocks that pushed the Nikkei 225 to its sharpest quarterly increase on record as of Tuesday. SoftBank Group recently overtook Toyota Motor (TYO:7203) as Japan's most valuable listed company.The Japanese initiative follows a similar push from neighboring South Korea, which also unveiled plans to build semiconductor facilities and AI data centers on Monday, enlisting chipmaker SK Hynix (KRX:000660), Samsung Electronics (KRX:005930) and internet firm Naver (KRX:035420).

Nikkei 225KRX:000660KRX:005930KRX:035420TYO:5401TYO:5406TYO:6701TYO:6758TYO:7203TYO:7267TYO:8306TYO:8316TYO:8411TYO:9434TYO:9984
Asia

SoftBank-Led Consortium to Lead Japan's 1 Trillion Yen National AI Initiative

Japan has selected a consortium backed by SoftBank Corp.(TYO:9434) to spearhead a five-year national project developing a homegrown multimodal AI platform, with total public investment expected to reach 1 trillion yen.The initiative, overseen by the Ministry of Economy, Trade and Industry (METI) and the New Energy and Industrial Technology Development Organization (NEDO), will see the consortium called Noetra Inc. supply the core model while AIST will collaborate with research institutions to advance the technology, according to a joint statement on Wednesday.Noetra, a joint venture led by SoftBank Corp., includes major partners such as NEC Corp. (TYO:6701), Honda Motor (TYO:7267), Sony Group (TYO:6758), Mitsubishi UFJ Financial Group (TYO:8306), Sumitomo Mitsui Financial (TYO:8316), Mizuho Financial Group (TYO:8411), Nippon Steel (TYO:5401) and Kobe Steel (TYO:5406).

TYO:5401TYO:5406TYO:6701TYO:6758TYO:7267TYO:8306TYO:8316TYO:8411TYO:9434
Asia

Japan's Nikkei Clocks Gains Tracking Positive Movement on Wall Street

Japanese shares closed with gains on Tuesday, tracking the positive momentum on Wall Street and taking cues from the yen weakening to its lowest level against the dollar in nearly four decades.The Nikkei 225 closed up 0.86%, or 594.21 points, to 70,062.32.The US stocks rose on Monday, lifted by the technology stocks, with the S&P 500 breaking a five-day losing streak.The yen slipped to its lowest point since 1986 at 161.98 per dollar, surpassing its 2024 intervention threshold and heightening market vigilance for possible official action, Bloomberg News reported Tuesday.Japan's Finance Minister Satsuki Katayama has said authorities are ready to respond appropriately at any time to the falling yen, as per news reports.Back home, Japan's industrial production fell 1.7% year over year in May, missing expectations of a 2.2% expansion, according to preliminary data from the Ministry of Economy, Trade and Industry (METI) released on Tuesday.Also, new housing construction starts in Japan rose 33.9% year over year in May to 57,877 units, beating the consensus forecast of a 31.8% increase, according to official data Tuesday.On the corporate side, Honda Motor (TYO:7267) is exploring raising over 400 billion yen through a euro-denominated bond sale to fund compensation payments to parts suppliers following its revised electric vehicle strategy, Nikkei Asia reported Tuesday.Also, Toyota (TYO:7203) posted its fourth consecutive decline in worldwide monthly sales for May, with group-wide volume falling 7.4% year over year to 885,207 vehicles, according to a statement on Tuesday.

Nikkei 225TYO:7203TYO:7267
Asia

Fitch Assigns A- Rating on Honda Motor's Proposed Notes

Fitch Ratings has placed an A- rating on Honda Motor's (TYO:7267) proposed senior unsecured notes, according to a recent release.The notes' rating is equivalent to the automaker's long-term foreign currency issuer default rating, since they are direct, unsecured, and unsubordinated obligations that rank equally with all its other unsecured and unsubordinated debt, Fitch said.The company's industrial free cash flow will remain negative through the financial year ending March 2027 before breaking even the following year, according to Fitch.This comes as the company reassessed its automobile electrification strategy, electric vehicle-linked charges, and supplier compensation, the rating agency said.The negative outlook stems from eroding industry conditions and increased macroeconomic uncertainty, which could adversely hit vehicle demand and put pressure on the company's recovery, Fitch said.

TYO:7267
Asia

Market Chatter: Honda Motor Explores 400 Billion Yen Eurobond Sale to Fund Supplier Payments, Hybrid Investment

Honda Motor (TYO:7267) is exploring raising over 400 billion yen through a euro-denominated bond sale to fund compensation payments to parts suppliers following its revised electric vehicle strategy, Nikkei Asia reported Tuesday.The Japan-based automaker plans to issue three, six, and 10-year bonds and is assessing institutional investor demand before setting final terms and interest rates.The company expects to incur about 500 billion yen in compensation payments to parts suppliers in the fiscal year ending March 2027. The proceeds are also expected to be used to support investment in hybrid vehicles.Honda Motor did not immediately respond to a request for comment from.(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

CK Solution Wins KRW24.9 Billion L-H Battery Ohio BP3-2 Mechanical Work Contract

South Korea-based specialized engineering firm CK Solution (KRX:480370) secured a contract for the L-H Battery Ohio BP3-2 mechanical work from L-H Battery Company, according to a Monday filing with the Korea Exchange.L-H Battery Company is a joint venture between LG Energy Solution (KRX:373220) and Honda Motor (TYO:7267).The contract is valued at 24.9 billion won, according to the filing.Shares of CK Solution rose more than 13% at market close, those of LG Energy Solution jumped 21%, while the shares of Honda Motor added nearly 2%.

KRX:373220KRX:480370TYO:7267
Asia

Market Chatter: Honda Motor Starts AI Data Centre Battery Production at EV Battery Facility in Ohio

Honda Motor (TYO:7267) has started battery production for energy storage systems for artificial intelligence data centers at its Ohio plant after slowing EV demand, Nikkei Asia reported June 27.The company started battery production for data centers in partnership with South Korea-based LG Energy Solution in June and plans to start battery production for hybrid vehicles at the facility in 2028.Moving ahead, the company will adjust its battery output between ESS and batteries for hybrid vehicles and expects to launch 15 hybrid vehicle models in the US by fiscal 2029.(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

Market Chatter: Honda Says Partnership With Nissan Advancing Despite Shareholder Concerns

Honda (TYO:7267) said its partnership with Nissan (TYO:7201) is progressing substantially, with President Toshihiro Mibe telling shareholders on Friday that some elements of the collaboration will be unveiled soon, Nikkei Asia reported on Monday.The two automakers, along with Mitsubishi Motors (TYO:7211), are in final-stage talks to standardize electronic control units for their upcoming vehicles, autonomous driving, and in-car information systems, the news daily said.Mibe told investors that all projects are being pursued on mutually beneficial terms, even as Honda faces tough questions over its first-ever net loss and significant cuts to its EV strategy at the annual general meeting in Tokyo, according to the report.Nissan didn't immediately respond to MT Newswire's request for comment.(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:7201TYO:7211TYO:7267
Asia

Market Chatter: Honda Motor's Planned Production Halt in China to Increase Pressure on Parts Suppliers

Honda Motor's (TYO:7267) plan to halt production at some Chinese facilities, starting July, as part of its cost reduction plan may hit its spare part suppliers hard, with the majority forecasting a global sales decline in fiscal 2027, Nikkei Asia reported June 20.The Japanese auto parts manufacturer G-Tekt reported an estimated operating loss of 940 million yen in China for the year ended March 2026, due to a decline in Honda-related production.Among the nine Tokyo-listed suppliers that derive at least 40% of their revenue from Honda, five expect sales to decline in the fiscal year ending March 2027.(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

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.

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