Latest news with #Honda Motor
Reuters
6 days ago
- Business
- Reuters
Sony hikes profit forecast seeing smaller trade war impact
TOKYO, Aug 7 (Reuters) - Sony (6758.T), opens new tab raised its full-year operating profit forecast on Thursday by 4% to 1.33 trillion yen ($9.01 billion), citing expectations of a smaller impact from U.S. President Donald Trump's trade war. Sony sees a tariff impact of 70 billion yen, compared to 100 billion yen forecast in May. It said the estimated impact is based on tariff rates as of August 1 and that the situation remained fluid. Japanese companies such as Honda Motor (7267.T), opens new tab have trimmed their expected hit from tariffs amid a reduction in uncertainty with Japan striking a trade deal with the U.S. last month. Sony also said it sees a stronger profit outlook at its games business, boosted by sales of network services and favourable exchange rates. Sony was once well known as a maker of household electronics such as the "Walkman" portable cassette player but has become an entertainment behemoth spanning games, movies and music as well as a leading maker of image sensors for smartphones. The group reported a 36.5% rise in operating profit to 340 billion yen for the April-June quarter, beating the 288 billion yen average of eight analyst estimates compiled by LSEG. Shares in Sony, which announced results during the midday trading break, jumped 5%. Sony sold 2.5 million PlayStation 5 game consoles in the first quarter, a 4% rise compared to the same period a year earlier. Quarterly operating profit at the games business more than doubled to 148 billion yen due to higher sales of network services and games not made by Sony. The console industry was set to receive a boost this year from the launch of "Grand Theft VI" but the latest addition to the popular series has been delayed to 2026. Nintendo (7974.T), opens new tab, which is seen as a potential beneficiary of GTA 6's delay, last week reported robust early demand for its new Switch 2 gaming device. Elsewhere in the conglomerate, Sony is preparing to cut its stake in its financial unit to less than 20% through a partial spin-off, with the business to list in Tokyo on September 29. ($1 = 147.5700 yen)
CNA
6 days ago
- Business
- CNA
Sony hikes profit forecast seeing smaller trade war impact
TOKYO :Sony raised its full-year operating profit forecast on Thursday by 4 per cent to 1.33 trillion yen ($9.01 billion), citing expectations of a smaller impact from U.S. President Donald Trump's trade war. Sony sees a tariff impact of 70 billion yen, compared to 100 billion yen forecast in May. It said the estimated impact is based on tariff rates as of August 1 and that the situation remained fluid. Japanese companies such as Honda Motor have trimmed their expected hit from tariffs amid a reduction in uncertainty with Japan striking a trade deal with the U.S. last month. Sony also said it sees a stronger profit outlook at its games business, boosted by sales of network services and favourable exchange rates. Sony was once well known as a maker of household electronics such as the "Walkman" portable cassette player but has become an entertainment behemoth spanning games, movies and music as well as a leading maker of image sensors for smartphones. The group reported a 36.5 per cent rise in operating profit to 340 billion yen for the April-June quarter, beating the 288 billion yen average of eight analyst estimates compiled by LSEG. Shares in Sony, which announced results during the midday trading break, jumped 5 per cent. Sony sold 2.5 million PlayStation 5 game consoles in the first quarter, a 4 per cent rise compared to the same period a year earlier. Quarterly operating profit at the games business more than doubled to 148 billion yen due to higher sales of network services and games not made by Sony. The console industry was set to receive a boost this year from the launch of "Grand Theft VI" but the latest addition to the popular series has been delayed to 2026. Nintendo, which is seen as a potential beneficiary of GTA 6's delay, last week reported robust early demand for its new Switch 2 gaming device. Elsewhere in the conglomerate, Sony is preparing to cut its stake in its financial unit to less than 20 per cent through a partial spin-off, with the business to list in Tokyo on September 29. ($1 = 147.5700 yen)
NHK
6 days ago
- Automotive
- NHK
Honda Motor's net profit falls over 50% in April-June quarter
Honda Motor has reported a net profit of just over 196 billion yen, or about 1.3 billion dollars, for the April to June quarter. That marks a 50.2 percent drop from a year earlier. Honda released its financial results for the first quarter on Wednesday. It announced that sales fell 1.2 percent from the same period last year to 5.3 trillion yen, or around 36 billion dollars. The company attributed the decline in part to a drop of over 124 billion yen, or about 845 million dollars, in operating profit due to the impact of US tariffs imposed under President Donald Trump. At the same time, Honda revised upward its full-year profit forecast from 250 billion yen to 420 billion yen, or roughly 2.8 billion dollars. The automaker says one reason for the revision is its assumption that US tariffs on Japanese auto imports will be lowered to the agreed rate of 15 percent from September. Honda's chief financial officer and director, Fujimura Eiji, said the lowered rate would have a positive effect and welcomed the clarity it brings. But he noted that many uncertainties remain, such as when the new rate will actually take effect. He added that he is calling on the Japanese government to reach an agreement with the US and disclose details as soon as possible.
CNA
11-07-2025
- Automotive
- CNA
Nissan to supply cars to Honda in US, Nikkei says
TOKYO :Nissan Motor is in discussions to supply cars to Honda Motor in the United States, Nikkei reported on Friday without citing sources. Nissan is considering using its Mississippi factory in the U.S., which has a declining operating rate, to produce large pickup trucks for Honda, the report said.
Yahoo
11-07-2025
- Automotive
- Yahoo
Nissan to supply cars to Honda in US, Nikkei says
TOKYO (Reuters) -Nissan Motor is in discussions to supply cars to Honda Motor in the United States, Nikkei reported on Friday without citing sources. Nissan is considering using its Mississippi factory in the U.S., which has a declining operating rate, to produce large pickup trucks for Honda, the report said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
