Honda Motor Company, Ltd. (HMC) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

I thank you very much for taking time out of your busy schedule to attend our briefing today. We would now like to start Honda Motor Company Limited's financial results briefing for fiscal first quarter, end of June 30, 2025. First of all, allow me to introduce the attendees today. Mr. Eiji Fujimura, Director, Managing Executive Officer, CFO. Good to see you. Mr. Masao Kawaguchi, Operating Executive, Head of Accounting and Finance Unit. Good to see you. First, Mr. Fujimura will present the financial results of first quarter, end of June 30, 2025, and consolidated results forecast for full year to March 2026. Then Mr. Kawaguchi will present the details. Over to you, Mr. Fujimura. I thank you very much for your continued support for Honda's activities. I would now like to I would now like to start with a summary. Our operating profit for the fiscal first quarter came to 244.1 billion yen. Motorcycle operations saw sales expansion in Brazil and Vietnam, and we've attained the record high operating profit for a quarter period. In automobile operations, we needed to post impact from tariffs and non-acquiring expenses related to EV, while sales in North America were strong. The forecast for the full year results to March 2026 has been revised up to operating profit of 700 billion yen and net profit for the year of 420 billion yen. Due to a review of our tariff impacts and changes in exchange rate assumptions, this means 200 billion yen increase versus the previous forecast. An examination of the impact due to tariffs led to a revision of a gross impact to 400 billion yen, and for exchange rate in view of the recent developments, we are revising our assumption against the U.S. dollar from 135 to 140 yen. While uncertainty persists surrounding policy changes, including tarif...