Key Facts
• Major automakers announced midterm financial results on November 7, 2025.
• Honda’s operating profit dropped 41% to ¥438.1 billion from April to September 2025.
• Honda’s auto division faced losses, but motorcycle sales hit record profits.
• Mazda reported a ¥97.1 billion tariff-related hit to operating profit.
• Mazda’s operating loss was ¥53.8 billion, with a net loss of ¥45.2 billion.
• Honda revised its annual net profit forecast from ¥420 billion to ¥300 billion.
• The revision was due to halted shipments from Chinese semiconductor firm Nexperia.
• Honda cited U.S. EV development suspension and tariff policies as key factors.
• Mazda attributed losses to ongoing tariff impacts.
• Honda’s Vice President Noriya Kaibara emphasized supply chain adjustments to counter tariffs.
Summary
The midterm financial results of major automakers revealed significant impacts from Trump-era tariffs. Honda’s operating profit fell by 41% to ¥438.1 billion, driven by halted U.S. EV development and tariff policies. While its auto division faced losses, record-breaking motorcycle sales provided some relief. Honda also revised its annual net profit forecast downward to ¥300 billion due to halted shipments from Chinese semiconductor firm Nexperia. Mazda reported a ¥97.1 billion tariff-related hit, resulting in a ¥53.8 billion operating loss and a ¥45.2 billion net loss. Both companies highlighted the ongoing challenges posed by tariffs, with Honda’s Vice President Noriya Kaibara stressing the importance of supply chain adjustments to mitigate future impacts.
