Honda raised its net profit forecast for the year ending March 2027 to ¥500bn from the ¥400bn it published in August, as motorcycles rather than cars drove the upgrade, the company said on Tuesday.
The previous year produced a net loss of ¥423.9bn. The forecast covers results under international accounting standards.
Revenue is now projected at ¥24.4tn, up ¥250bn from the August figure and 11.9% higher than a year earlier. Honda lifted its operating profit outlook by ¥130bn to ¥780bn, against an operating loss of ¥414.3bn the year before.
Motorcycles lead
Motorcycle sales came in stronger than Honda had assumed, growing mainly in Asia. Worldwide annual sales are expected to reach a record 23.3 million units.
Car sales in North America also held up and helped push profit higher.