Honda to Spend $3 Billion on New Hybrid Vehicle Plant in Ohio, Bloomberg reports

Honda (NYSE:HMC) reported a 48% increase in operating profit to ¥648.7B for H1 FY2027, but shares fell 3.67% due to ¥484.8B in EV-related losses. Adjusted profit surged 71% YoY, excluding EV costs. Full-year profit forecast raised 20% to ¥780B. Motorcycle sales grew 10.6%, while auto sales declined 6.6% due to China market weakness.

HONDA MOTOR CO LTD (HMC) furnished an SEC Form 6-K — earnings release. Table of Contents Contents Exhibit 1: Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first half year ended September 30, 2026. Table of Contents Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused

Honda's Q2 operating profit fell 39% Y/Y to ¥118B due to EV restructuring costs and China weakness. H1 revenue rose 13.2% to ¥12.04T. The company raised its FY2027 profit outlook despite these challenges.

Honda (TYO:7267) reported a 42.8% drop in Q2 net profit to ¥65.8B, missing estimates, due to EV restructuring costs. However, it raised full-year forecasts, citing strong motorcycle sales and hybrid demand in North America. Full-year operating profit forecast increased 20% to ¥780B, and revenue outlook lifted to ¥24.4T.

Honda is investing $3 billion in a new U.S. factory and 15 hybrid models, shifting focus from EVs due to financial losses. The Ohio plant, operational in 2029, will add 2,000 jobs and boost hybrid production capacity by 250%. Existing U.S. factories are also being retooled to support the hybrid push, with EV flexibility for the future.

Honda increased its full-year profit forecast by 20% to 780 billion yen, citing strong hybrid vehicle demand and a weaker yen. However, it reported a 39% drop in Q2 profit due to 484.8 billion yen in EV-related restructuring costs. US sales rose 9% in Q2, accounting for half of global retail sales. Honda plans a $3 billion hybrid car plant in Ohio, starting production in 2029.