Japanese automaker Honda reports lower profits as China sales decline
1 month, 2 weeks ago

Japanese automaker Honda reports lower profits as China sales decline

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Honda’s profits slipped nearly 20% in the first half of the fiscal year from the same period the previous year, as sales suffered in China, the Japanese automaker said Wednesday. Honda Motor Co.’s April-September profits totaled 494.68 billion yen, declining from 616 billion yen for the same period the previous year, on 10.8 trillion yen in sales, up from 9.6 trillion yen. Although Honda sold more motorcycles globally in the first fiscal half, boosted by healthy demand in Asia, its car sales fell, especially in China, company officials told reporters.

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History of this topic

Struggling to sell vehicles, Japanese carmaker Nissan cuts 9,000 jobs
Trending News
1 month, 2 weeks ago

Struggling to sell vehicles, Japanese carmaker Nissan cuts 9,000 jobs

Firstpost  

Chief Executive Makoto Uchida also took a 50% pay cut to take responsibility for the dismal results, while promising that a turnaround was coming Logos at a Nissan showroom are seen in Ginza shopping district in Tokyo, on March 31, 2023. AP File Nissan reported Thursday a loss for the latest fiscal quarter as its vehicle sales sank while costs …

Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell
1 month, 2 weeks ago

Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell

Associated Press  

TOKYO — Nissan reported Thursday a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned, prompting the Japanese automaker to slash 9,000 jobs. For the latest quarter through September, Nissan racked up a 9.3 billion yen loss, a reversal from the 190.7 billion yen profit recorded the same quarter a year ago. Nissan, …

Toyota reports record quarterly profit, boosted by a weak yen and despite a certification scandal
4 months, 3 weeks ago

Toyota reports record quarterly profit, boosted by a weak yen and despite a certification scandal

Associated Press  

TOKYO — Toyota reported Thursday that its April-June profit rose 1.7%, boosted by a favorable exchange rate, as vehicle sales grew around the world despite a certification scandal that halted production in Japan for several months. Fiscal first quarter profit at Japan’s top automaker rose to 1.33 trillion yen, a record profit for that period, from 1.31 trillion yen the …

Japanese automaker Nissan lowers its profit forecast amid incentive, inventory woes
4 months, 4 weeks ago

Japanese automaker Nissan lowers its profit forecast amid incentive, inventory woes

Associated Press  

TOKYO — Nissan lowered its full fiscal year outlook on Thursday, as the Japanese automaker reported a 73% decline in profit in the April-June quarter compared to the previous year. The profit challenges came despite its global vehicle sales holding steady at 787,000, according to Nissan Motor Co., based in the port city of Yokohama. Nissan’s fiscal first quarter profit …

Japanese automaker Nissan lowers its profit forecast amid incentive, inventory woes
4 months, 4 weeks ago

Japanese automaker Nissan lowers its profit forecast amid incentive, inventory woes

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Nissan lowered its full fiscal …

Honda overtakes Hero in June two-wheeler sales
5 months, 3 weeks ago

Honda overtakes Hero in June two-wheeler sales

New Indian Express  

Japan’s Honda Motorcycle & Scooter India has overtaken India’s Hero MotoCorp in the two-wheeler market. HMSI’s total 2W sales stood at 5.19 lakh units in June 2024 while Hero’s total sales last month were at 5.03 lakh units, as per monthly sales data published by the two companies. Hero’s domestic sales stood at 491,416 units last month, translating into a …

Japan’s economy is shrinking, although slightly less than previously thought
6 months, 1 week ago

Japan’s economy is shrinking, although slightly less than previously thought

Associated Press  

TOKYO — The Japanese economy shrank at an annual rate of 1.8% in the first quarter of this year, slightly better than the initial estimate at a 2.0% contraction, according to revised government data Monday. Seasonally adjusted real gross domestic product, or GDP, a measure of the value of a nation’s products and services, remained in negative territory, as exports …

Japan's economy is shrinking, although slightly less than previously thought
6 months, 1 week ago

Japan's economy is shrinking, although slightly less than previously thought

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Japanese economy shrank at …

Japan's economy is shrinking, although slightly less than previously thought
6 months, 2 weeks ago

Japan's economy is shrinking, although slightly less than previously thought

New Indian Express  

TOKYO: The Japanese economy shrank at an annual rate of 1.8% in the first quarter of this year, slightly better than the initial estimate at a 2.0% contraction, according to revised government data Monday. Seasonally adjusted real gross domestic product, or GDP, a measure of the value of a nation’s products and services, remained in negative territory, as exports and …

Japanese automaker Honda reports booming profit on sales growth, weak yen
7 months, 1 week ago

Japanese automaker Honda reports booming profit on sales growth, weak yen

Associated Press  

TOKYO — Honda’s profit for the fiscal year through March jumped 70% as vehicle sales grew and a weak yen buoyed overseas earnings, the Japanese automaker reported Friday. Annual profit at Tokyo-based Honda Motor Co. totaled 1.1 trillion yen as sales surged nearly 21% to 20.4 billion yen. The maker of the Accord sedan and CR Electric Proto motorcycles was …

Japanese automaker Nissan reports 92% jump in profit as sales surge
7 months, 2 weeks ago

Japanese automaker Nissan reports 92% jump in profit as sales surge

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Nissan’s profit for the fiscal …

Japanese automaker Nissan reports 92% jump in profit as sales surge
7 months, 2 weeks ago

Japanese automaker Nissan reports 92% jump in profit as sales surge

Associated Press  

TOKYO — Nissan’s profit for the fiscal year through March jumped 92% to 426.6 billion yen as sales grew in all major global markets except China, the Japanese automaker said Thursday. Chief Executive Makoto Uchida said Nissan was aiming for further growth under a strategy called “The Arc,” kicking in from last month, focusing on electric vehicles to boost sales. …

Toyota racks up booming profit, vows to invest to keep growth going
7 months, 2 weeks ago

Toyota racks up booming profit, vows to invest to keep growth going

Associated Press  

TOKYO — Toyota doubled its net profit in the fiscal year that ended in March, as strong vehicles sales and a favorable exchange rate lifted results for Japan’s top automaker. Toyota Motor Corp.'s annual profit totaled 4.9 trillion yen, up from 2.45 trillion yen the year before, while its sales jumped 21% to 45 trillion yen, the company said Wednesday. …

Japan’s Toyota posts record 4.9tn yen profit driven by hybrid demand
7 months, 2 weeks ago

Japan’s Toyota posts record 4.9tn yen profit driven by hybrid demand

Al Jazeera  

Japanese car giant says net profit reached 4.94 trillion yen in the year to March. Toyota has reported record profit and sales figures on the back of the weak yen and strong demand for hybrid vehicles. The Japanese car giant said on Wednesday that it netted a record profit of 4.94 trillion yen in the year to March on revenues …

Japan’s Honda reports its profit rose on the back of strong U.S. demand
10 months, 2 weeks ago

Japan’s Honda reports its profit rose on the back of strong U.S. demand

Associated Press  

TOKYO — Japanese automaker Honda’s profit rose 3.5% in the October-December quarter from a year earlier on the back of solid demand in the U.S. and Europe and a recovery in its home market, the company said Thursday. A favorable exchange rate helped amplify Honda’s overseas profits in yen terms and is expected to continue through the rest of the …

Japan's Honda reports its profit rose on the back of strong U.S. demand
10 months, 2 weeks ago

Japan's Honda reports its profit rose on the back of strong U.S. demand

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Japan’s Toyota raises its profit outlook after solid earnings helped by a weak yen
10 months, 2 weeks ago

Japan’s Toyota raises its profit outlook after solid earnings helped by a weak yen

Associated Press  

TOKYO — Toyota raised its full fiscal year profit forecast Tuesday after reporting its profit in the October to December quarter nearly doubled from the year before. Toyota Motor Corp.’s third quarter profit totaled 1.36 trillion yen, up from 727.9 billion yen in the same period in 2022, as Japan’s top automaker recovered from losses suffered when the coronavirus pandemic …

Japanese automaker Nissan's profits zoom on strong sales, favorable exchange rates
1 year, 1 month ago

Japanese automaker Nissan's profits zoom on strong sales, favorable exchange rates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Nissan’s profit zoomed up more …

Profit at Japan’s Honda doubles on healthy global auto and motorcycle sales
1 year, 4 months ago

Profit at Japan’s Honda doubles on healthy global auto and motorcycle sales

Associated Press  

TOKYO — Honda reported Wednesday that its April-June profit more than doubled on healthy sales of its motorcycles and cars, as the Japanese company also received a perk from favorable exchange rates. Honda Motor Co. said its fiscal first quarter profit totaled 363 billion yen, up from 149 billion yen. Auto sales were about the same in Japan in the …

Volkswagen takes steps to boost its China business as first-half earnings fall by 20%
1 year, 4 months ago

Volkswagen takes steps to boost its China business as first-half earnings fall by 20%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Toyota’s profits rise as global chips supply crunch subsides
1 year, 7 months ago

Toyota’s profits rise as global chips supply crunch subsides

Associated Press  

TOKYO — Toyota’s January-March profit edged up 3% from the previous year on robust sales as a chips supply crunch gradually eased. The automaker’s sales for the fiscal year that ended in March rose across global regions, including Japan, the United States, Europe and other markets, such as Asia, the Middle East and South America. Toyota, based in Aichi prefecture’s …

Honda's sales grew 29% last month from September 2021, data shows
2 years, 2 months ago

Honda's sales grew 29% last month from September 2021, data shows

Hindustan Times  

Honda Cars is another automobile giant which has released its sales data for September. As per a report in HT's sister publication Live Hindustan, the company sold nearly 29 per cent more units last month than it did in September 2021. Representative Image Honda Cars performance in September In September, as many as 8,714 cars manufactured by the company were …

Honda sees declining profits on semiconductor crunch
2 years, 4 months ago

Honda sees declining profits on semiconductor crunch

Hindustan Times  

Honda's fiscal first-quarter profit fell 33 per cent from last year as a global computer chip shortage, a pandemic-related lockdown in China and the rising costs of raw materials hurt the Japanese automaker. Honda Motor Co. reported on Wednesday that its profit totalled 149.2 billion yen in the April-June quarter Tokyo-based Honda Motor Co. reported on Wednesday that its profit …

Demand for cars in India strong despite slowdown, says Suzuki
2 years, 4 months ago

Demand for cars in India strong despite slowdown, says Suzuki

Hindustan Times  

Japan's Suzuki Motor said on Friday it did not see demand for vehicles slowing at home or in its key market of India amid growing concerns about a global economic downturn. Suzuki kept its operating profit forecast of 195 billion yen for the year to March 31, saying it was premature to change it at this point The view from …

Toyota’s quarterly profit down on COVID parts crunch
2 years, 7 months ago

Toyota’s quarterly profit down on COVID parts crunch

Associated Press  

TOKYO — Toyota’s profit declined 31% in the January-March quarter from the year before, but the Japanese automaker still wrapped up a year of record earnings. Toyota Motor Corp. reported Wednesday a profit of 533.8 billion yen in the last quarter, down from 777.1 billion yen the previous fiscal year. The company still sold 8.2 million vehicles around the world …

Toyota Motor, Honda Motor report weaker net profit amid chip shortage
2 years, 10 months ago

Toyota Motor, Honda Motor report weaker net profit amid chip shortage

Live Mint  

BY KOSAKU NARIOKA | UPDATED 2月 09, 2022 12:18 午前 EST Toyota said third-quarter net profit fell 5.6%, while Honda reported a 32% decline Toyota Motor Corp. and Honda Motor Co. on Wednesday reported lower net profit for the quarter ended December as chip shortages weighed on their sales. Toyota said that its third-quarter net profit fell 5.6% compared with …

Monthly sales hit but full year looking good
3 years, 5 months ago

Monthly sales hit but full year looking good

China Daily  

BYD displays its Qin Plus DM-i model at the 2021 Chongqing International Auto Exhibition last month. More than 1.2 million electric cars and plug-in hybrids were sold in the first half, up over 200 percent year-on-year and accounting for 9.4 percent of total new car sales in the period. Its sales in the first half of the year totaled 618,211 …

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