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Honda’s Profit Plummets 42% Amid EV Slowdown and Tariffs

2/10/2026

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Summary

Story summary

Honda's nine-month profit ending December 2025 dropped 42% to 465.4 billion yen.
The decline is linked to U.S. tariffs under U.S. President Donald Trump and slower EV sales.
Honda reduced its 2030 EV target to 20% from 30%, while maintaining a 300 billion yen profit forecast.
Following Prime Minister Sanae Takaichi's victory, Honda's stock rose 2.1%, helping push the Nikkei 225 to a record high.

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Story summary

Honda's nine-month profit ending December 2025 dropped 42% to 465.4 billion yen.
The decline is linked to U.S. tariffs under U.S. President Donald Trump and slower EV sales.
Honda reduced its 2030 EV target to 20% from 30%, while maintaining a 300 billion yen profit forecast.
Following Prime Minister Sanae Takaichi's victory, Honda's stock rose 2.1%, helping push the Nikkei 225 to a record high.