TOKYO — Honda reported Friday that its profit for the first fiscal half through September fell 37% from the previous year, as the damage from President Donald Trump’s tariffs offset the lift from solid motorcycle sales.
Tokyo-based Honda Motor Co. recorded a 311.8 billion yen ($2 billion) profit for April-September, down from 494.6 billion yen a year before.
Sales over the six months totaled 10.6 trillion yen ($69 billion), down 1.5% from nearly 10.8 trillion yen.
Honda lowered its profit projection for the fiscal year through March 2026 to 300 billion yen ($2 billion), which would be a decline of 64% from 835.8 billion yen the year before. It had earlier forecast a 420 billion yen ($2.7 billion) annual profit.
Honda, which makes the Accord sedan and Odyssey minivan, said an unfavorable currency rate also hurt its bottom line, erasing 116 billion yen ($756 million) from its operating profit over the six months.
But Honda achieved record sales in motorcycles, led by strong results in the Asian region, excluding Vietnam. Honda said it sold more than 9 million motorcycles in Asia during the first half, up from 8.8 million a year ago. Honda’s motorcycl