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Honda's Net Profit Plummets in Q2 Due to US Tariffs
2 week ago /
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Author：小编
On the 6th, Honda Motor Co. of Japan unveiled its financial report, revealing a steep decline in net profit for the second quarter (April to June) of this year. The figure stood at 196.6 billion yen (approximately 9.6 billion yuan), marking a 50.2% year-on-year drop. This significant downturn is primarily attributed to the tariff policy imposed by the US government. In response, Honda's Chief Financial Officer urged the Japanese government to expedite the announcement of detailed tariff policies.
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