Honda Motor stock: Outlook raised despite EV restructuring costs

Published on 11/13/2026 at 20:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Honda Motor stock enters the session after Honda raised its FY2027 operating-profit outlook. EV restructuring costs weighed on second-quarter earnings.

Outlook improves despite costly EV reset

Honda raised its fiscal 2027 operating-profit forecast to 780 billion yen from 650 billion yen.
First-half operating profit reached 648.7 billion yen, while EV-related costs reduced the reported result.
A new Ohio plant is planned to support North American hybrid production from 2029.

HMC, US4381283088, Illustration mit AI erstellt.

Honda Motor raised its full-year operating-profit forecast on November 10, 2026, as strong North American hybrid demand and motorcycle earnings helped offset heavy costs from its electric-vehicle restructuring. Reuters reported that the company lifted its fiscal 2027 operating-profit forecast to 780 billion yen from 650 billion yen.

Honda booked 484.8 billion yen in EV-related restructuring costs during the July-to-September quarter. Quarterly operating profit fell 39 percent year over year to 118 billion yen, below the 250 billion yen median estimate in an LSEG poll cited by Reuters.

First-half performance stays resilient

For the six months ended September 30, Honda reported operating profit of 648.7 billion yen. The automaker's first-half results also benefited from robust motorcycle sales and higher North American vehicle volumes, while management cautioned that some one-time gains would not recur in the second half.

Honda raised its full-year global vehicle sales forecast less favorably, cutting the target by 7 percent to 3.16 million vehicles, mainly because of weaker demand in China. It also expects somewhat tougher North American conditions as higher interest rates and incentives weigh on the market.

Ohio plant targets hybrid demand

Honda plans to build a 3 billion US dollar auto plant in Ohio with annual capacity for 240,000 hybrid vehicles. Production is expected to begin in 2029, supporting the company's shift toward hybrids in the US market.

Honda Motor stock traded at 31.20 euros on Lang & Schwarz at 20:36 CET on Friday, November 13, 2026.