Honda Q1 FY25 profit down 50%, but EPS guidance up 68% 鈥� HMC 6-K highlights

[6-K] Honda Motor Co., Ltd. American Depositary Share, each representing three (3) shares of Current Report (Foreign Issuer)

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

6-K

Rhea-AI Filing Summary

Honda Motor (HMC) Q1 FY25 (Apr-Jun 2025)

Sales revenue fell 1.2% YoY to JPY 5,340.3 bn as weaker Financial Services and FX headwinds offset Automobile volume gains.
Operating profit dropped 49.6% to JPY 244.2 bn; margin compressed to 4.6% (9.0% LY).
Profit attributable to owners slid 50.2% to JPY 196.7 bn; EPS 46.80 yen vs 81.81 yen.
Cash & equivalents down JPY 515 bn during the quarter; equity ratio eased to 39.5% after a JPY 364 bn share buyback.
Guidance raised: FY26 sales 21.1 tn (+3.9% vs prior outlook), operating profit 700 bn (+40%), profit attributable 420 bn (+68% EPS to 105.07 yen) despite still trailing FY25 actuals.
Dividend forecast lifted to 70 yen/share (vs 68 yen FY25).

Segment notes: Motorcycle profit grew, Automobile swung to a 楼29.6 bn loss on tariffs; Financial Services revenue -11% YoY. Comprehensive income turned negative (-楼3.8 bn) on currency translation.

Implication: A sharp Q1 earnings contraction highlights near-term margin pressure, yet the sizable upgrade to full-year guidance plus continued dividends/buybacks suggests management expects a strong H2 recovery.

順茧嫟氇劙(HMC) 2025 須岅硠鞐半弰 1攵勱赴 (2025雲� 4鞗攡6鞗�)

韺愲Г 靾橃澋鞚€ 鞝勲厔雽€牍� 1.2% 臧愳唽頃� 5臁� 3,403鞏� 鞐旍溂搿�, 鞛愲彊彀� 韺愲Г霟� 歃濌皜毳� 旮堨湹靹滊箘鞀� 鞎届劯鞕€ 頇橃湪鞐拲鞚� 靸侅噭頃�.
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順勱笀氚� 順勱笀靹� 鞛愳偘鞚€ 攵勱赴欷� 5,150鞏� 鞐� 臧愳唽; 鞛愲掣牍勳湪鞚€ 3,640鞏� 鞐� 攴滊鞚� 鞛愳偓欤� 毵れ瀰頉� 39.5%搿� 鞕勴檾霅�.
臧€鞚措崢鞀� 靸來枼: 2026 須岅硠鞐半弰毵れ稖 21.1臁� 鞐� (+3.9% 鞝� 鞝勲 雽€牍�), 鞓侅梾鞚挫澋 7,000鞏� 鞐� (+40%), 歆€氚办＜欤检垳鞚挫澋 4,200鞏� 鞐� (+68%, EPS 105.07鞐�)鞙茧, 2025 須岅硠鞐半弰鞁れ爜鞐愲姅鞎勳 氙胳箻歆€ 氇豁暔.
欤茧嫻氚半嫻旮� 鞝勲 70鞐旍溂搿� 靸來枼 (2025 須岅硠鞐半弰 68鞐� 雽€牍�).

靷梾攵€氍� 彀戈碃: 鞓ろ啝氚旍澊攵€氍� 鞚挫澋歃濌皜, 鞛愲彊彀� 攵€氍胳潃甏€靹� 鞓來枼鞙茧 296鞏� 鞐� 靻愳嫟鞝勴櫂; 旮堨湹靹滊箘鞀� 靾橃澋鞚€ 鞝勲厔雽€牍� 11% 臧愳唽. 頇橃湪氤€霃欖溂搿� 韽磩靻愳澋鞚€ -38鞏� 鞐旍溂搿� 鞝侅瀽鞝勴櫂.

鞚橂: 1攵勱赴鞁れ爜旮夑皭鞚€ 雼赴鞝侅溂搿� 毵堨 鞎曤皶鞚� 氤挫棳欤检毵�, 鞐瓣皠臧€鞚措崢鞀� 雽€韽� 靸來枼瓿� 歆€靻嶌爜鞚� 氚半嫻氚� 鞛愳偓欤� 毵れ瀰鞚€ 瓴届榿歆勳澊頃橂皹旮� 臧曧暅須岆车鞚� 旮半寑頃潉鞁滌偓.

Insights

TL;DR: Weak Q1 but bullish full-year guidance; mixed signal overall.

Honda鈥檚 50% profit drop underscores tariff and FX sensitivity, with Automobile now loss-making. However, management鈥檚 40% operating-profit upgrade and higher DPS show confidence that margin headwinds are transient. FY26 targets still sit 42% below FY25 actuals, so valuation upside hinges on execution. Liquidity remains adequate, though the 楼515 bn cash burn and aggressive buyback merit monitoring. Net impact: neutral until evidence of second-half rebound materialises.

TL;DR: Guidance lift and capital returns outweigh soft quarter鈥攎ildly positive.

The market typically prices forward earnings; a 68% EPS hike to 105 yen, plus a 3% yield on the new 70-yen dividend and continued buybacks, could drive re-rating despite disappointing Q1. Equity ratio near 40% and diversified cash flows offer balance-sheet comfort. I view the release as moderately accretive for sentiment, particularly if FX stabilises and tariff pass-through improves.

順茧嫟氇劙(HMC) 2025 須岅硠鞐半弰 1攵勱赴 (2025雲� 4鞗攡6鞗�)

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歆€氚办＜欤检垳鞚挫澋鞚€ 50.2% 臧愳唽頃� 1,967鞏� 鞐�; 欤茧嫻靾滌澊鞚�(EPS)鞚€ 81.81鞐旍棎靹� 46.80鞐旍溂搿� 頃橂澖.
順勱笀氚� 順勱笀靹� 鞛愳偘鞚€ 攵勱赴欷� 5,150鞏� 鞐� 臧愳唽; 鞛愲掣牍勳湪鞚€ 3,640鞏� 鞐� 攴滊鞚� 鞛愳偓欤� 毵れ瀰頉� 39.5%搿� 鞕勴檾霅�.
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欤茧嫻氚半嫻旮� 鞝勲 70鞐旍溂搿� 靸來枼 (2025 須岅硠鞐半弰 68鞐� 雽€牍�).

08/06/2025 - 06:04 AM

No.1-7628

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

FOR THE MONTH OF AUGUST 2025

COMMISSION FILE NUMBER: 1-07628

HONDA GIKEN KOGYO KABUSHIKI KAISHA

(Name of registrant)

HONDA MOTOR CO., LTD.

(Translation of registrant’s name into English)

2-3, Toranomon 2-chome, Minato-ku, Tokyo 105-8404, Japan

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

Contents

Exhibit 1:

Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first quarter ended June 30, 2025.

Exhibit 2:

Notice Concerning Revision of Forecast for Consolidated Financial Results for the Fiscal Year Ending March 31, 2026.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

HONDA GIKEN KOGYO KABUSHIKI KAISHA (HONDA MOTOR CO., LTD.)

/s/ Koji Ito

Koji Ito

General Manager

Finance Division

Honda Motor Co., Ltd.

Date: August 6, 2025

Consolidated Financial Results for the Fiscal First Quarter Ended June 30, 2025 (IFRS)

August 6, 2025


Company name		: Honda Motor Co., Ltd.
Listing		: Tokyo Stock Exchange
Securities code		: 7267
URL		: https://global.honda/en/investors/
Representative		: Toshihiro Mibe, Director, President and Representative Executive Officer
Inquiries		: Masao Kawaguchi, Head of Accounting and Finance Unit Tel. +81-3-3423-1111
Scheduled date to commence dividend payments		: —
Supplemental materials prepared for consolidated financial results		: Yes
Holdings of financial results meeting		: Yes

(Amounts are rounded to the nearest million yen)

1. Consolidated Financial Results for the Three Months Ended June 30, 2025 (from April 1, 2025 to June 30, 2025)


(1) Consolidated operating results (for the three months ended June 30)		(% of change from the same period of the previous fiscal year)


	Sales revenue			Operating profit			Profit before income taxes			Profit for the period			Profit for the period attributable to owners of the parent			Comprehensive income for the period
Three months ended		Yen (millions)	%		Yen (millions)	%		Yen (millions)	%		Yen (millions)	%		Yen (millions)	%		Yen (millions)	%
June 30, 2025		5,340,268	-1.2		244,170	-49.6		292,334	-47.7		214,894	-48.1		196,670	-50.2		-3,836	—
June 30, 2024		5,404,858	16.9		484,705	22.9		559,474	8.7		414,327	8.2		394,660	8.7		947,527	-5.9


	Earnings per share attributable to owners of the parent - Basic	Earnings per share attributable to owners of the parent - Diluted
Three months ended	Yen	Yen
June 30, 2025	46.80	46.80
June 30, 2024	81.81	81.81

Explanatory note:

Basic and diluted earnings per share are calculated based on the profit for the period attributable to owners of the parent.

(2) Consolidated financial position

	$		$		$		$
	Total assets		Total equity		Equity attributable to owners of the parent		Ratio of equity attributable to owners of the parent to total assets
As of		Yen (millions)		Yen (millions)		Yen (millions)		%
June 30, 2025		29,874,550		12,062,800		11,796,836		39.5
March 31, 2025		30,775,867		12,627,822		12,326,529		40.1

2. Dividends

	$		$		$		$		$
	Annual dividends per share
	First quarter-end		Second quarter-end		Third quarter-end		Fiscal year-end		Total
	Yen		Yen		Yen		Yen		Yen
Fiscal year ended March 31, 2025		—		34.00		—		34.00		68.00
Fiscal year ending March 31, 2026		—
Fiscal year ending March 31, 2026 (forecast)				35.00		—		35.00		70.00

Explanatory note:

Revisions to the forecast of dividends most recently announced: None

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

(% of change from the previous fiscal year)


	Sales revenue				Operating profit				Profit before income taxes				Profit for the year				Profit for the year attributable to owners of the parent				Earnings per share attributable to owners of the parent
	Yen (millions)		%		Yen (millions)		%		Yen (millions)		%		Yen (millions)		%		Yen (millions)		%		Yen
Full-year		21,100,000		-2.7		700,000		-42.3		710,000		-46.1		490,000		-45.7		420,000		-49.8		105.07

Explanatory note:

Revisions to the forecast of consolidated financial results most recently announced: Yes

*Explanatory notes

(1) Significant changes in the scope of consolidation during the period: None


Newly included:	- companies	(Company name: -)

Excluded:	- companies	(Company name: -)

(2) Changes in accounting policies and changes in accounting estimates


(i)	Changes in accounting policies required by IFRS	:	None
(ii)	Changes in accounting policies due to other reason	:	None
(iii)	Changes in accounting estimates	:	None

(3) Number of issued shares (common shares)

(i)

Number of issued shares at the end of the period (including treasury stock)


As of June 30, 2025		5,280,000,000 shares
As of March 31, 2025		5,280,000,000 shares

(ii)

Number of treasury stock at the end of the period


As of June 30, 2025		1,194,621,195 shares
As of March 31, 2025		933,490,429 shares

(iii)

Average number of shares outstanding during the period


Three months ended June 30, 2025		4,202,222,211 shares
Three months ended June 30, 2024		4,823,906,086 shares

*	Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None

*	Proper use of earning forecasts, and other special matters

This announcement contains “forward-looking statements” as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based on management’s assumptions and beliefs taking into account information currently available to it. Therefore, please be advised that the actual results of the Company could differ materially from those described in these forward-looking statements as a result of numerous factors, including general economic conditions in the principal markets of the Company, its consolidated subsidiaries and its affiliates accounted for by the equity-method, and fluctuation of foreign exchange rates, as well as other factors detailed from time to time.

Honda’s American Depositary Shares are listed and traded on the New York Stock Exchange. One American Depositary Share represents three common shares.

This document, Form 6-K (to be submitted to the U.S. Securities and Exchange Commission), is submitted to Tokyo Stock Exchange as English translation of the Japanese original. Therefore, there are some discrepancies between this translated document and the Japanese original.

For supplemental materials prepared for consolidated financial results and other information, please refer to Honda’s Investor Relations website (URL https://global.honda/en/investors/).

TABLE OF CONTENTS

Consolidated Financial Results for the Fiscal First Quarter Ended June 30, 2025


1. Overview of Consolidated Financial Results			2
2. Condensed Consolidated Interim Financial Statements and Notes to Condensed Consolidated Interim Financial Statements			3
[1] Condensed Consolidated Statements of Financial Position			3
[2] Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income			4
Condensed Consolidated Statements of Income For the three months ended June 30, 2024 and 2025			4
Condensed Consolidated Statements of Comprehensive Income For the three months ended June 30, 2024 and 2025			5
[3] Condensed Consolidated Statements of Changes in Equity			6
[4] Condensed Consolidated Statements of Cash Flows			7
[5] Assumptions for Going Concern			8
[6] Notes to Condensed Consolidated Interim Financial Statements			8

—1—

1. Overview of Consolidated Financial Results

Consolidated Operating Results

Honda’s consolidated sales revenue for the three months ended June 30, 2025 decreased by 1.2%, to JPY 5,340.2 billion from the same period last year, due mainly to decreased sales revenue in Financial services business as well as negative foreign currency translation effects, which was partially offset by increased sales revenue in Automobile business. Operating profit decreased by 49.6%, to JPY 244.1 billion from the same period last year, due mainly to tariff impacts as well as negative foreign currency effects, which was partially offset by increased profit attributable to sales impacts. Profit before income taxes decreased by 47.7%, to JPY 292.3 billion from the same period last year. Profit for the period attributable to owners of the parent decreased by 50.2%, to JPY 196.6 billion from the same period last year.

Consolidated Statements of Financial Position

Total assets as of June 30, 2025 decreased by JPY 901.3 billion, to JPY 29,874.5 billion from March 31, 2025 due mainly to decreased cash and cash equivalents as well as negative foreign currency translation effects, which was partially offset by an increase in receivables from financial services. Total liabilities decreased by JPY 336.2 billion, to JPY 17,811.7 billion from March 31, 2025 due mainly to a decrease in trade payables as well as negative foreign currency translation effects, which was partially offset by increased financing liabilities. Total equity decreased by JPY 565.0 billion, to JPY 12,062.8 billion from March 31, 2025 due mainly to a decrease attributable to acquisition of the company’s own shares, which was partially offset by increased retained earnings attributable to profit for the period.

—2—

2. Condensed Consolidated Interim Financial Statements and Notes to Condensed Consolidated Interim Financial Statements

[1] Condensed Consolidated Statements of Financial Position

March 31, 2025 and June 30, 2025


	Yen (millions)
	Mar. 31, 2025			Jun. 30, 2025
Assets
Current assets:
Cash and cash equivalents		4,528,795			4,013,757
Trade receivables		1,160,847			962,735
Receivables from financial services		2,755,800			2,762,278
Other financial assets		208,478			158,546
Inventories		2,470,590			2,363,292
Other current assets		563,252			564,945

Total current assets		11,687,762			10,825,553

Non-current assets:
Investments accounted for using the equity method		1,242,614			1,235,477
Receivables from financial services		6,172,817			6,186,579
Other financial assets		873,459			934,453
Equipment on operating leases		5,748,187			5,793,476
Property, plant and equipment		3,209,921			3,159,641
Intangible assets		1,126,019			1,061,236
Deferred tax assets		143,499			144,767
Other non-current assets		571,589			533,368

Total non-current assets		19,088,105			19,048,997

Total assets		30,775,867			29,874,550

Liabilities and Equity
Current liabilities:
Trade payables		1,663,487			1,377,013
Financing liabilities		4,497,747			4,599,531
Accrued expenses		728,935			634,396
Other financial liabilities		276,861			253,293
Income taxes payable		108,562			137,819
Provisions		388,441			450,296
Other current liabilities		951,124			897,506

Total current liabilities		8,615,157			8,349,854

Non-current liabilities:
Financing liabilities		6,953,520			6,954,976
Other financial liabilities		301,439			318,078
Retirement benefit liabilities		288,472			285,627
Provisions		667,274			633,191
Deferred tax liabilities		718,084			667,935
Other non-current liabilities		604,099			602,089

Total non-current liabilities		9,532,888			9,461,896

Total liabilities		18,148,045			17,811,750

Equity:
Common stock		86,067			86,067
Capital surplus		205,299			204,825
Treasury stock		(1,272,845	)		(1,636,053	)
Retained earnings		11,122,187			11,151,748
Other components of equity		2,185,821			1,990,249

Equity attributable to owners of the parent		12,326,529			11,796,836
Non-controlling interests		301,293			265,964

Total equity		12,627,822			12,062,800

Total liabilities and equity		30,775,867			29,874,550

—3—

[2] Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income

Condensed Consolidated Statements of Income

For the three months ended June 30, 2024 and 2025


	Yen (millions)
	Three months ended Jun. 30, 2024			Three months ended Jun. 30, 2025
Sales revenue		5,404,858			5,340,268
Operating costs and expenses:
Cost of sales		(4,208,475	)		(4,269,449	)
Selling, general and administrative		(495,796	)		(533,706	)
Research and development		(215,882	)		(292,943	)

Total operating costs and expenses		(4,920,153	)		(5,096,098	)

Operating profit		484,705			244,170

Share of profit (loss) of investments accounted for using the equity method		1,434			4,213
Finance income and finance costs:
Interest income		50,089			39,901
Interest expense		(12,219	)		(13,905	)
Other, net		35,465			17,955

Total finance income and finance costs		73,335			43,951

Profit before income taxes		559,474			292,334
Income tax expense		(145,147	)		(77,440	)

Profit for the period		414,327			214,894

Profit for the period attributable to:
Owners of the parent		394,660			196,670
Non-controlling interests		19,667			18,224

	Yen
Earnings per share attributable to owners of the parent
Basic and diluted		81.81			46.80

—4—

Condensed Consolidated Statements of Comprehensive Income

For the three months ended June 30, 2024 and 2025


	Yen (millions)
	Three months ended Jun. 30, 2024			Three months ended Jun. 30, 2025
Profit for the period		414,327			214,894
Other comprehensive income, net of tax:
Items that will not be reclassified to profit or loss
Remeasurements of defined benefit plans		(5	)		(20,781	)
Net changes in revaluation of financial assets measured at fair value through other comprehensive income		(5,332	)		731
Share of other comprehensive income of investments accounted for using the equity method		(280	)		(412	)
Items that may be reclassified subsequently to profit or loss
Net changes in revaluation of financial assets measured at fair value through other comprehensive income		(31	)		42
Exchange differences on translating foreign operations		489,146			(162,421	)
Cash flow hedges		—			(1,620	)
Share of other comprehensive income of investments accounted for using the equity method		49,702			(34,269	)

Total other comprehensive income, net of tax		533,200			(218,730	)

Comprehensive income for the period		947,527			(3,836	)

Comprehensive income for the period attributable to:
Owners of the parent		914,903			(18,715	)
Non-controlling interests		32,624			14,879

—5—

[3] Condensed Consolidated Statements of Changes in Equity

For the three months ended June 30, 2024


	Yen (millions)
	Equity attributable to owners of the parent																Non-controlling interests			Total equity
	Common stock		Capital surplus			Treasury stock			Retained earnings			Other components of equity		Total			Non-controlling interests			Total equity
Balance as of April 1, 2024		86,067		205,073			(550,808	)		10,644,213			2,312,450		12,696,995			308,877			13,005,872

Comprehensive income for the period
Profit for the period										394,660					394,660			19,667			414,327
Other comprehensive income, net of tax													520,243		520,243			12,957			533,200

Total comprehensive income for the period										394,660			520,243		914,903			32,624			947,527
Reclassification to retained earnings										(38	)		38		—						—
Transactions with owners and other
Dividends paid										(188,418	)				(188,418	)		(54,998	)		(243,416	)
Purchases of treasury stock							(12,502	)							(12,502	)					(12,502	)
Disposal of treasury stock							319								319						319
Share-based payment transactions				(122	)										(122	)					(122	)

Total transactions with owners and other				(122	)		(12,183	)		(188,418	)				(200,723	)		(54,998	)		(255,721	)

Balance as of June 30, 2024		86,067		204,951			(562,991	)		10,850,417			2,832,731		13,411,175			286,503			13,697,678

For the three months ended June 30, 2025

Yen (millions)

Equity attributable to owners of the parent

Non-controlling
interests

Total
equity

Common
stock

Capital
surplus

Treasury
stock

Retained
earnings

Other
components
of equity

Total

Balance as of April 1, 2025

86,067

205,299

(1,272,845

)

11,122,187

2,185,821

12,326,529

301,293

12,627,822

Comprehensive income for the period

Profit for the period

196,670

18,224

214,894

Other comprehensive income, net of tax

(215,385

)

(215,385

)

(3,345

)

(218,730

)

Total comprehensive income for the period

196,670

(215,385

)

(18,715

)

14,879

(3,836

)

Reclassification to retained earnings

(19,813

)

19,813

—

Transactions with owners and other

Dividends paid

(147,960

)

(147,960

)

(50,208

)

(198,168

)

Purchases of treasury stock

(363,926

)

(363,926

)

(363,926

)

Disposal of treasury stock

718

Share-based payment transactions

(474

)

(474

)

(474

)

Total transactions with owners and other

(474

)

(363,208

)

(147,960

)

(511,642

)

(50,208

)

(561,850

)

Other changes

664

Balance as of June 30, 2025

86,067

204,825

(1,636,053

)

11,151,748

1,990,249

11,796,836

265,964

12,062,800

—6—

[4] Condensed Consolidated Statements of Cash Flows

For the three months ended June 30, 2024 and 2025


	Yen (millions)
	Three months ended Jun. 30, 2024			Three months ended Jun. 30, 2025
Cash flows from operating activities:
Profit before income taxes		559,474			292,334
Depreciation, amortization and impairment losses excluding equipment on operating leases		187,926			178,612
Share of (profit) loss of investments accounted for using the equity method		(1,434	)		(4,213	)
Finance income and finance costs, net		(41,502	)		56,404
Interest income and interest costs from financial services, net		(42,969	)		(44,381	)
Changes in assets and liabilities
Trade receivables		136,517			186,576
Inventories		(108,546	)		77,848
Trade payables		(164,570	)		(223,605	)
Accrued expenses		(87,424	)		(86,071	)
Provisions and retirement benefit liabilities		(30,876	)		46,202
Receivables from financial services		(315,249	)		(195,792	)
Equipment on operating leases		(76,747	)		(171,611	)
Other assets and liabilities		(75,349	)		(145,670	)
Other, net		5,589			55,109
Dividends received		51,024			52,170
Interest received		181,054			178,784
Interest paid		(99,206	)		(100,070	)
Income taxes paid, net of refunds		(158,975	)		(66,967	)

Net cash provided by (used in) operating activities		(81,263	)		85,659
Cash flows from investing activities:
Payments for additions to property, plant and equipment		(138,790	)		(128,180	)
Payments for additions to and internally developed intangible assets		(68,623	)		(72,214	)
Proceeds from sales of property, plant and equipment and intangible assets		40			2,656
Payments for acquisitions of investments accounted for using the equity method		(831	)		(44,753	)
Proceeds from sales of investments accounted for using the equity method		—			1,142
Payments for acquisitions of other financial assets		(50,174	)		(53,100	)
Proceeds from sales and redemptions of other financial assets		65,778			84,368

Net cash used in investing activities		(192,600	)		(210,081	)
Cash flows from financing activities:
Proceeds from short-term financing liabilities		2,421,185			2,423,967
Repayments of short-term financing liabilities		(2,167,488	)		(2,377,100	)
Proceeds from long-term financing liabilities		477,816			879,032
Repayments of long-term financing liabilities		(405,841	)		(692,485	)
Dividends paid to owners of the parent		(188,418	)		(147,960	)
Dividends paid to non-controlling interests		(23,781	)		(26,575	)
Purchases and sales of treasury stock, net		(12,183	)		(363,208	)
Repayments of lease liabilities		(19,342	)		(20,789	)

Net cash provided by (used in) financing activities		81,948			(325,118	)
Effect of exchange rate changes on cash and cash equivalents		214,613			(65,498	)

Net change in cash and cash equivalents		22,698			(515,038	)
Cash and cash equivalents at beginning of year		4,954,565			4,528,795

Cash and cash equivalents at end of period		4,977,263			4,013,757

—7—

[5] Assumptions for Going Concern

None

[6] Notes to Condensed Consolidated Interim Financial Statements

[A] Segment Information

Based on Honda’s organizational structure and characteristics of products and services, Honda discloses segment information in four categories: Reportable segments of Motorcycle business, Automobile business and Financial services business, and other segments that are not reportable. The other segments are combined and disclosed in Power products and other businesses. Segment information is based on the components of Honda for which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The accounting policies used for segment information are consistent with the accounting policies used in the Company’s condensed consolidated interim financial statements.

Principal products and services, and functions of each segment are as follows:


Segment	Principal products and services	Functions

Motorcycle Business	Motorcycles, all-terrain vehicles (ATVs), side-by-sides (SxS) and relevant parts	Research and development Manufacturing Sales and related services

Automobile Business	Automobiles and relevant parts	Research and development Manufacturing Sales and related services

Financial Services Business	Financial services	Retail loan and lease related to Honda products Others

Power Products and Other Businesses	Power products and relevant parts, and others	Research and development Manufacturing Sales and related services Others

Segment information based on products and services

As of and for the three months ended June 30, 2024


	Yen (millions)
	Motorcycle Business		Automobile Business		Financial Services Business		Power Products and Other Businesses			Segment Total		Reconciling Items			Consolidated
Sales revenue:
External customers		937,687		3,434,612		938,075		94,484			5,404,858		—			5,404,858
Intersegment		—		69,914		1,324		10,402			81,640		(81,640	)		—

Total		937,687		3,504,526		939,399		104,886			5,486,498		(81,640	)		5,404,858

Segment profit (loss)		177,648		222,840		84,970		(753	)		484,705		—			484,705

Segment assets		2,195,414		12,201,278		15,257,512		607,911			30,262,115		1,049,857			31,311,972
Depreciation and amortization		18,293		164,236		218,208		4,218			404,955		—			404,955
Capital expenditures		12,785		146,761		776,953		2,147			938,646		—			938,646

As of and for the three months ended June 30, 2025

Yen (millions)

Motorcycle
Business

Automobile
Business

Financial
Services
Business

Power Products
and Other
Businesses

Segment
Total

Reconciling
Items

Consolidated

Sales revenue:

External customers

951,590

3,474,601

831,621

82,456

5,340,268

—

5,340,268

Intersegment

—

69,311

1,017

10,357

80,685

(80,685

)

—

Total

951,590

3,543,912

832,638

92,813

5,420,953

(80,685

)

5,340,268

Segment profit (loss)

189,005

(29,625

)

85,009

(219

)

244,170

—

244,170

Segment assets

2,287,958

11,432,186

15,631,951

535,413

29,887,508

(12,958

)

29,874,550

Depreciation and amortization

17,468

156,155

224,475

3,944

402,042

—

402,042

Capital expenditures

17,924

121,395

721,093

4,154

864,566

—

864,566

Explanatory notes:

1.	Intersegment sales revenues are generally made at values that approximate arm’s-length prices.

Reconciling items include elimination of intersegment transactions and balances as well as unallocated corporate assets. Unallocated corporate assets, included in reconciling items as of June 30, 2024 and 2025 amounted to JPY 1,330,698 million and JPY 470,650 million, respectively, which consist primarily of the Company’s cash and cash equivalents and financial assets measured at fair value through other comprehensive income.

—8—

[B] Other

Loss related to airbag inflators

Honda has been conducting market-based measures in relation to airbag inflators. Honda recognizes a provision for specific warranty costs when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. There is a possibility that Honda will need to recognize additional provisions when new evidence related to the product recalls arise, however, it is not possible for Honda to reasonably estimate the amount and timing of potential future losses as of the date of this report.

—9—

[Translation]

August 6, 2025


To:		Shareholders of Honda Motor Co., Ltd.
From:		Honda Motor Co., Ltd.
		Toshihiro Mibe
		Director, President and Representative Executive Officer
		(Securities Code: 7267 Prime Market, TSE)

Contact:		Masao Kawaguchi
		Head of Accounting and Finance Unit
		(TEL: +81-3-3423-1111)

Notice Concerning Revision of Forecast for Consolidated Financial Results

for the Fiscal Year Ending March 31, 2026

Honda Motor Co., Ltd. (the “Company”) revised its forecast for consolidated financial results for the fiscal year ending March 31, 2026, which was announced on May 13, 2025.

Particulars

Revision of Forecast for Consolidated Financial Results for the Fiscal Year Ending March 31, 2026


	Sales revenue (Million Yen)		Operating profit (Million Yen)		Profit before income taxes (Million Yen)		Profit for the year (Million Yen)		Profit for the year attributable to owners of the parent (Million Yen)		Basic earnings per share attributable to owners of the parent (Yen)
Forecast previously announced (A)		20,300,000		500,000		490,000		325,000		250,000		62.84
Forecast revision as of August 6, 2025 (B)		21,100,000		700,000		710,000		490,000		420,000		105.07
Change (B-A)		800,000		200,000		220,000		165,000		170,000
Percentage change (%)		3.9		40.0		44.9		50.8		68.0
(Reference)
Results of the fiscal year ended March 31, 2025		21,688,767		1,213,486		1,317,640		903,034		835,837		178.93

Reason for Revision of Forecast for Consolidated Financial Results for the Fiscal Year Ending March 31, 2026 which was announced on May 13, 2025

As a result of analyzing the impact of tariffs and reassessing our foreign exchange assumptions in light of the latest conditions, the Company upwardly revises its forecast for operating profit, profit before income taxes, profit for the year, and profit for the year attributable to owners of the parent for the fiscal year ending March 31, 2026, which was announced on May 13, 2025.

*	Basic earnings per share attributable to owners of the parent is calculated based on profit for the year attributable to owners of the parent.

The forecast for consolidated financial results of the Company is based on management’s assumptions and beliefs taking into account information currently available to it. Therefore, please be advised that the actual results of the Company could differ materially from those described in these forward-looking statements as a result of numerous factors, including general economic conditions in the principal markets of the Company, its consolidated subsidiaries and its affiliates accounted for using the equity method, and fluctuation of foreign exchange rates, as well as other factors detailed from time to time.

*	For more details, please refer to the Company’s investor relations website (URL https://global.honda/en/investors/).

Source:

AG真人官方

[6-K] Honda Motor Co., Ltd. American Depositary Share, each representing three (3) shares of Current Report (Foreign Issuer)

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[6-K] Honda Motor Co., Ltd. American Depositary Share, each representing three (3) shares of Current Report (Foreign Issuer)

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