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Honda reports 13% revenue rise in H1 FY27

Losses from EV operations hold back operating profits.

David Leggett November 11 2026

Japanese automaker Honda Motor Company has reported a 13.2% rise in consolidated revenues to JPY 12,037.6 billion (US$75.8 billion) in the first half of the current fiscal year (FY27), covering the period between April and September 2026. The company’s operating profit rebounded by 48% to JPY 648.7 billion (US$ 4.1 billion), while net profit surged 66% to JPY 516.8 billion (US$ 3.25 billion).

The results include the company’s vehicle, motorcycle, financial services and power products divisions, and reflect EV-related losses of JPY 484.8 billion, without which the company would have reported an operating profit of JPY 1,133.5 billion, up 71% year-on-year. The company benefited from strong vehicle sales in North America and strong global motorcycle sales, while also benefiting from foreign exchange fluctuations.

The automobile division generated consolidated revenues of JPY 7,683 billion, up by almost 10% year-on-year, while the division reported an operating loss of JPY 5.7 billion due to the impact of EV-related losses. Excluding EV-related losses, adjusted operating profit was JPY 479.0 billion. Global vehicle sales fell by 6.6% to 1.569 million units, with sales in North America rising by almost 5% to 897,000 units, while sales in Japan fell slightly to 278,000 units and deliveries in Asia, excluding Japan, plunged by 36% to 273,000 units.

Global motorcycle sales rose by 11% to 11.9 million units, generating revenues of JPY 2,272.5 billion (+18%), while sales of power products declined by 4% to 1.632 million units, generating revenues of JPY 209.1 billion (+8%). The financial services division generated revenues of JPY 2,272.5 billion (+21%).

Honda expects global consolidated revenues to rise by 12% to JPY 24.4 trillion in FY27, which ends in March 2027, while operating profits are expected to amount to JPY 780 billion, compared with a loss of JPY 414.3 billion in the previous year. The automaker said it expects its global vehicle sales to decline by 7% to 3,160,000 units over the full year.

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