Honda posted its first annual loss in nearly 70 years as EV writedowns swamped its bottom line

The Japanese automaker booked a ¥414.3 billion operating loss and scrapped its long-term EV sales targets as it restructures its electric vehicle business

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Honda $HMC posted an operating loss of ¥414.3 billion ($2.63 billion) for the fiscal year ended March 31, 2026 — its worst financial result since listing on the stock market in 1957 — as more than ¥1.45 trillion in charges tied to the restructuring of its electric vehicle business swamped its bottom line.

The net loss attributable to shareholders totaled ¥423.9 billion ($2.7 billion), compared with a profit of ¥178.93 per share in the prior fiscal year. Total sales revenue edged up 0.5% to ¥21.8 trillion, held aloft by record motorcycle sales even as automobile revenue declined and car sales fell to 3.4 million vehicles from 3.7 million the prior year.

The EV-related charges included........

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