Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Results> Honda Motor (7267.JP) Posts First Operating Loss Since 1957; Current FY Profit and Revenue Outlook Beat Expectations
Recommend 2 Positive 0 Negative 2 |
||||
|
||||
|
Honda Motor (7267.JP) reported an operating loss of JPY414.3 billion (USD2.6 billion) for the fiscal year ended March, marking its first operating loss since 1957. The result was weighed down by a major restructuring of its electric vehicle business in the United States. In the previous fiscal year, the company recorded an operating profit of JPY1.21 trillion. For the past fiscal year, Honda Motor posted a net loss of JPY423.9 billion, also its first loss since it began disclosing consolidated earnings in 1977. Honda Motor forecast net profit of JPY260 billion and operating profit of JPY500 billion for the current fiscal year, both exceeding market expectations, driving its share price up nearly 5% to JPY1,334. (mn/j) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
