Honda Motor (NYSE: HMC) boosts 2027 earnings forecast after sharp Q1 rebound

Rhea-AI Filing Summary

Honda Motor Co., Ltd. reports strong results for the three months ended June 30, 2026 under IFRS. Sales revenue rose 13.5% to JPY 6,061.5 billion, led by Financial services and Motorcycle businesses and favorable foreign exchange. Operating profit increased 117.4% to JPY 530.7 billion, and profit attributable to owners of the parent grew 129.3% to JPY 450.9 billion, lifting basic earnings per share to 115.84 yen.

Total assets reached JPY 34,437.9 billion and equity attributable to owners of the parent was JPY 12,361.5 billion, giving an equity ratio of 35.9%. The annual dividend forecast remains 70.00 yen per share. For the fiscal year ending March 31, 2027, Honda now forecasts sales revenue of JPY 24,150,000 million, operating profit of JPY 650,000 million and profit attributable to owners of the parent of JPY 400,000 million, implying basic EPS of 102.75 yen. This revision significantly raises the prior May 14, 2026 forecast, mainly reflecting a weaker yen assumption against the U.S. dollar.

Positive

• Profitability surged in Q1 FY2027, with operating profit up 117.4% to JPY 530.7 billion and profit attributable to owners of the parent up 129.3% to JPY 450.9 billion.
• Honda sharply raised its FY2027 outlook, lifting profit attributable to owners of the parent from JPY 260,000 million to JPY 400,000 million and basic EPS forecast from 66.79 to 102.75 yen.

Negative

• None.

Filing Explained

At June 30, 2026, Honda reported JPY 5,296,452 million of balance-sheet cash; supplier and recall obligations remain unquantified.

The August 5, 2026 6-K reports Honda’s first-quarter results and revises its full-year outlook; the disclosed structural consequence is a forecast change, not a completed full-year result.

At June 30, 2026, cash and cash equivalents were JPY 5,296,452 million on the statement of financial position and JPY 5,348,083 million in the cash-flow statement; operating activities provided JPY 292,516 million, while investing activities used JPY 399,053 million during the quarter.

The cash-flow total includes JPY 51,631 million of cash classified within assets held for sale, explaining why it exceeds the balance-sheet cash figure.

Honda says its assessment and discussions with suppliers affected by canceled North American EV plans could lead to additional payments, but the amount and timing cannot yet be estimated reliably.

A separate note says additional airbag-inflator recall provisions may also arise and likewise cannot be reasonably estimated as to amount or timing; the interim statements list “Assumptions for Going Concern” as “None.”

Key Figures

Sales revenue: 6,061,514 million yen Operating profit: 530,767 million yen Profit attributable to owners of the parent: 450,915 million yen +5 more

8 metrics

Sales revenue 6,061,514 million yen Three months ended June 30, 2026; 13.5% increase year-on-year

Operating profit 530,767 million yen Three months ended June 30, 2026; up 117.4% from prior-year period

Profit attributable to owners of the parent 450,915 million yen Three months ended June 30, 2026; 129.3% year-on-year increase

Basic EPS (Q1) 115.84 yen Three months ended June 30, 2026; versus 46.80 yen a year earlier

Equity ratio 35.9 % Equity attributable to owners of the parent to total assets as of June 30, 2026

FY2027 forecast sales revenue 24,150,000 million yen Forecast for fiscal year ending March 31, 2027; 10.8% increase from previous fiscal year

FY2027 forecast profit to owners 400,000 million yen Revised forecast for fiscal year ending March 31, 2027

Annual dividend forecast 70.00 yen per share Fiscal year ending March 31, 2027; unchanged from prior year

Key Terms

comprehensive income, cash flow hedges, segment profit, equipment on operating leases, +2 more

6 terms

comprehensive income financial

"Comprehensive income for the period attributable to owners of the parent"

Comprehensive income is the total change in a company’s value in a reporting period that comes from everyday operations plus other gains or losses not shown on the regular profit-and-loss statement. Think of net income as the visible money earned this year and comprehensive income as that money plus hidden adjustments—such as currency swings, unrealized gains or losses on investments, and pension revaluations—that also affect shareholders’ stake and help investors see the fuller financial picture.

cash flow hedges financial

"Cash flow hedges | | | (1,620 | ) | | | 4,010 |"

A cash flow hedge is an accounting label companies use when they enter financial contracts—like currency or interest-rate agreements—to protect expected future cash payments or receipts from unpredictable moves. For investors, it signals that the company is trying to smooth out future cash variability (think of locking in a price to avoid surprises), which can reduce reported profit swings but also means the company has exposure to derivative instruments and their associated risks.

segment profit financial

"Segment profit (loss) | | | 233,956 | | | | 192,122 |"

Segment profit is the portion of a company's earnings produced by a single business unit or division after subtracting the costs directly tied to that unit. It shows how much money that part of the company actually contributes, like checking which room in a house uses most of the electricity. Investors use it to identify strong or weak businesses inside a company, guide capital allocation, and make clearer comparisons between divisions.

equipment on operating leases financial

"Equipment on operating leases | | | 6,433,793 | | | | 6,606,135 |"

assets held for sale financial

"Cash and cash equivalents included in assets held for sale"

Assets held for sale are things a company has decided to sell and has reclassified on its balance sheet to show they are being marketed rather than used in daily operations — like putting a house on the market instead of living in it. This matters to investors because these items are measured based on expected sale proceeds (which can reveal likely gains or losses), stop being treated as regular operating assets, and signal upcoming cash inflows or a change in strategy that can affect the company’s financial health and stock value.

provisions financial

"Honda recognizes a provision for specific warranty costs when it is probable"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

How did Honda Motor (HMC) perform in the quarter ended June 30, 2026?

Honda Motor posted strong quarterly results, with sales revenue of JPY 6,061.5 billion, up 13.5% year-on-year. Operating profit rose to JPY 530.7 billion, and profit attributable to owners of the parent reached JPY 450.9 billion.

What was Honda Motor (HMC)’s EPS for the three months ended June 30, 2026?

Basic and diluted EPS attributable to owners of the parent were 115.84 yen. This compares with 46.80 yen for the same period in 2025, reflecting substantially higher profitability at all levels during the current quarter.

What are Honda Motor (HMC)’s revised forecasts for FY ending March 31, 2027?

Honda now forecasts sales revenue of JPY 24,150,000 million, operating profit of JPY 650,000 million, and profit attributable to owners of the parent of JPY 400,000 million, implying basic EPS of 102.75 yen for the fiscal year.

How much did Honda Motor (HMC) raise its FY2027 earnings guidance by?

Compared with the May 14, 2026 forecast, profit attributable to owners of the parent increased from JPY 260,000 million to JPY 400,000 million, and basic EPS rose from 66.79 to 102.75 yen, a substantial upward revision.

What dividend does Honda Motor (HMC) forecast for the fiscal year ending March 31, 2027?

Honda’s dividend forecast is an annual total of 70.00 yen per share, with 35.00 yen planned at the second quarter-end and 35.00 yen at fiscal year-end, matching the prior fiscal year’s total dividend.

How has Honda Motor (HMC)’s financial position changed as of June 30, 2026?

Total assets were JPY 34,437.9 billion and total equity JPY 12,628.6 billion, with equity attributable to owners of the parent at JPY 12,361.5 billion. The ratio of equity attributable to owners of the parent to total assets was 35.9%.

What drove Honda Motor (HMC)’s upward revision to its FY2027 forecast?

Honda cited a weaker Japanese yen than initially assumed and revised its full-year USD exchange rate from JPY145 to JPY155 per dollar. This currency change is expected to lift profits at all levels compared with the earlier forecast.

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No.1-7628

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

FOR THE MONTH OF AUGUST 2026

COMMISSION FILE NUMBER: 1-07628

HONDA GIKEN KOGYO KABUSHIKI KAISHA

(Name of registrant)

HONDA MOTOR CO., LTD.

(Translation of registrant’s name into English)

2-3, Toranomon 2-chome, Minato-ku, Tokyo 105-8404, Japan

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒  Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

Table of Contents

Contents

Exhibit 1:

Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first quarter ended June 30, 2026.

Exhibit 2:

Notice Concerning Revision of Forecast for Consolidated Financial Results for the Fiscal Year Ending March 31, 2027

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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

HONDA GIKEN KOGYO KABUSHIKI KAISHA

(HONDA MOTOR CO., LTD.)

/s/ Koji Ito

Koji Ito

General Manager

Finance Division

Honda Motor Co., Ltd.

Date: August 5, 2026

Table of Contents

Consolidated Financial Results for the Fiscal First Quarter Ended June 30, 2026 (IFRS)

August 5, 2026

Company name		:  Honda Motor Co., Ltd.
Listing		:  Tokyo Stock Exchange
Securities code		:  7267
URL		:  https://global.honda/en/investors/
Representative		:  Toshihiro Mibe, Director, President and Representative Executive Officer
Inquiries		:  Sumihiro Takahashi, Head of Accounting and Finance Unit Tel. +81-3-3423-1111
Scheduled date to commence dividend payments		:  —
Supplemental materials prepared for consolidated financial results		:  Yes
Holdings of financial results meeting		:  Yes

(Amounts are rounded to the nearest million yen)

1. Consolidated Financial Results for the Three Months Ended June 30, 2026 (from April 1, 2026 to June 30, 2026)

(1) Consolidated operating results (for the three months ended June 30) (% of change from the same period of the previous fiscal year)

		Sales revenue								Operating profit								Profit before income taxes								Profit for the period								Profit for the period attributable to owners of the parent								Comprehensive income for the period
Three months ended			Yen (millions)				%				Yen (millions)				%				Yen (millions)				%				Yen (millions)				%				Yen (millions)				%				Yen (millions)				%
June 30, 2026			6,061,514				13.5				530,767				117.4				605,027				107.0				473,819				120.5				450,915				129.3				692,332				—
June 30, 2025			5,340,268				-1.2				244,170				-49.6				292,334				-47.7				214,894				-48.1				196,670				-50.2				-3,836				—

		Earnings per share attributable to owners of the parent - Basic				Earnings per share attributable to owners of the parent  - Diluted
Three months ended			Yen				Yen
June 30, 2026			115.84				115.84
June 30, 2025			46.80				46.80

Explanatory note:

 Basic and diluted earnings per share are calculated based on the profit for the period attributable to owners of the parent.

(2) Consolidated financial position

		Total assets				Total equity				Equity attributable to owners of the parent				Ratio of equity attributable to owners of the parent to total assets
As of			Yen (millions)				Yen (millions)				Yen (millions)				%
June 30, 2026			34,437,975				12,628,578				12,361,471				35.9
March 31, 2026			33,509,285				12,148,072				11,817,512				35.3

2. Dividends

		Annual dividends per share
		First quarter-end				Second quarter-end				Third quarter-end				Fiscal year-end				Total
			Yen				Yen				Yen				Yen				Yen
Fiscal year ended March 31, 2026			—				35.00				—				35.00				70.00
Fiscal year ending March 31, 2027			—
Fiscal year ending March 31, 2027 (forecast)							35.00				—				35.00				70.00

Explanatory note:

 Revisions to the forecast of dividends most recently announced: None

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2027 (from April 1, 2026 to March 31, 2027)

(% of change from the previous fiscal year)

		Sales revenue								Operating profit								Profit before income taxes								Profit for the year								Profit for the year attributable to owners of the parent								Earnings per share attributable to owners of the parent
			Yen (millions)				%				Yen (millions)				%				Yen (millions)				%				Yen (millions)				%				Yen (millions)				%				Yen
Full-year			24,150,000				10.8				650,000				—				660,000				—				480,000				—				400,000				—				102.75

Explanatory note:

 Revisions to the forecast of consolidated financial results most recently announced: Yes

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*Explanatory notes

(1) Significant changes in the scope of consolidation during the period: None

Newly included:		- companies		(Company name: -)
Excluded:		- companies		(Company name: -)

(2) Changes in accounting policies and changes in accounting estimates

(i)		Changes in accounting policies required by IFRS			:			None
(ii)		Changes in accounting policies due to other reason			:			None
(iii)		Changes in accounting estimates			:			None

(3) Number of issued shares (common shares)

(i) Number of issued shares at the end of the period (including treasury stock)

As of June 30, 2026		4,533,000,000 shares
As of March 31, 2026		4,533,000,000 shares

(ii) Number of treasury stock at the end of the period

As of June 30, 2026		639,983,417 shares
As of March 31, 2026		640,419,559 shares

(iii) Average number of shares outstanding during the period

Three months ended June 30, 2026		3,892,689,416 shares
Three months ended June 30, 2025		4,202,222,211 shares

* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None

* Proper use of earning forecasts, and other special matters

This announcement contains “forward-looking statements” as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based on management’s assumptions and beliefs taking into account information currently available to it. Therefore, please be advised that the actual results of the Company could differ materially from those described in these forward-looking statements as a result of numerous factors, including general economic conditions in the principal markets of the Company, its consolidated subsidiaries and its affiliates accounted for by the equity-method, and fluctuation of foreign exchange rates, as well as other factors detailed from time to time.

Honda’s American Depositary Shares are listed and traded on the New York Stock Exchange. One American Depositary Share represents three common shares.

This document, Form 6-K (to be submitted to the U.S. Securities and Exchange Commission), is submitted to Tokyo Stock Exchange as English translation of the Japanese original. Therefore, there are some discrepancies between this translated document and the Japanese original.

For supplemental materials prepared for consolidated financial results and other information, please refer to Honda’s Investor Relations website (URL https://global.honda/en/investors/).

Table of Contents

TABLE OF CONTENTS

Consolidated Financial Results for the Fiscal First Quarter Ended June 30, 2026

1. Overview of Consolidated Financial Results			2
2. Condensed Consolidated Interim Financial Statements and Notes to Condensed Consolidated Interim Financial Statements			3
[1] Condensed Consolidated Statements of Financial Position			3
[2] Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income			4
Condensed Consolidated Statements of Income			4
Condensed Consolidated Statements of Comprehensive Income			5
[3] Condensed Consolidated Statements of Changes in Equity			6
[4] Condensed Consolidated Statements of Cash Flows			7
[5] Assumptions for Going Concern			8
[6] Notes to Condensed Consolidated Interim Financial Statements			8

—1—

Table of Contents

1. Overview of Consolidated Financial Results

Consolidated Operating Results

Honda’s consolidated sales revenue for the three months ended June 30, 2026 increased by 13.5%, to JPY 6,061.5 billion from the same period last year, due mainly to increased sales revenue in Financial services business and Motorcycle business as well as positive foreign currency translation effects. Operating profit increased by 117.4%, to JPY 530.7 billion from the same period last year, due mainly to the impact of EV (electric vehicle)-related losses incurred in the same period last year as well as tariff impacts. Profit before income taxes increased by 107.0%, to JPY 605.0 billion from the same period last year. Profit for the period attributable to owners of the parent increased by 129.3%, to JPY 450.9 billion from the same period last year.

Consolidated Statements of Financial Position

Total assets as of June 30, 2026 increased by JPY 928.6 billion, to JPY 34,437.9 billion from March 31, 2026 due mainly to increased property, plant and equipment as well as positive foreign currency translation effects. Total liabilities increased by JPY 448.1 billion, to JPY 21,809.3 billion from March 31, 2026 due mainly to increased financing liabilities as well as positive foreign currency translation effects, which was partially offset by decreased trade payables. Total equity increased by JPY 480.5 billion, to JPY 12,628.5 billion from March 31, 2026 due mainly to increased retained earnings attributable to profit for the period.

—2—

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2. Condensed Consolidated Interim Financial Statements and Notes to Condensed Consolidated Interim Financial Statements

[1] Condensed Consolidated Statements of Financial Position

March 31, 2026 and June 30, 2026

		Yen (millions)
		Mar. 31, 2026				Jun. 30, 2026
Assets
Current assets:
Cash and cash equivalents			5,066,828				5,296,452
Trade receivables			1,270,476				1,145,256
Receivables from financial services			3,057,235				3,126,157
Other financial assets			296,974				205,585
Inventories			2,531,166				2,550,113
Other current assets			852,073				929,400
Total current assets			13,074,752				13,252,963
Non-current assets:
Investments accounted for using the equity method			1,128,118				1,171,611
Receivables from financial services			6,836,261				7,036,420
Other financial assets			1,211,519				1,100,809
Equipment on operating leases			6,433,793				6,606,135
Property, plant and equipment			3,196,382				3,712,552
Intangible assets			784,760				782,602
Deferred tax assets			301,011				249,572
Other non-current assets			542,689				525,311
Total non-current assets			20,434,533				21,185,012
Total assets			33,509,285				34,437,975
Liabilities and Equity
Current liabilities:
Trade payables			1,781,598				1,642,675
Financing liabilities			5,004,712				5,367,535
Accrued expenses			996,653				969,541
Other financial liabilities			264,598				244,421
Income taxes payable			109,036				142,730
Provisions			948,252				792,207
Other current liabilities			1,099,631				1,119,057
Total current liabilities			10,204,480				10,278,166
Non-current liabilities:
Financing liabilities			8,475,151				8,698,056
Other financial liabilities			316,498				310,586
Retirement benefit liabilities			309,885				315,874
Provisions			735,224				854,440
Deferred tax liabilities			677,391				708,681
Other non-current liabilities			642,584				643,594
Total non-current liabilities			11,156,733				11,531,231
Total liabilities			21,361,213				21,809,397
Equity:
Common stock			86,067				86,067
Capital surplus			204,894				213,676
Treasury stock			(896,927	)			(896,313	)
Retained earnings			9,375,989				9,808,593
Other components of equity			3,047,489				3,149,448
Equity attributable to owners of the parent			11,817,512				12,361,471
Non-controlling interests			330,560				267,107
Total equity			12,148,072				12,628,578
Total liabilities and equity			33,509,285				34,437,975

—3—

Table of Contents

[2] Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income

Condensed Consolidated Statements of Income

For the three months ended June 30, 2025 and 2026

		Yen (millions)
		Three months ended Jun. 30, 2025				Three months ended Jun. 30, 2026
Sales revenue			5,340,268				6,061,514
Operating costs and expenses:
Cost of sales			(4,269,449	)			(4,713,453	)
Selling, general and administrative			(533,706	)			(574,035	)
Research and development			(292,943	)			(243,259	)
Total operating costs and expenses			(5,096,098	)			(5,530,747	)
Operating profit			244,170				530,767
Share of profit (loss) of investments accounted for using the equity method			4,213				22,645
Finance income and finance costs:
Interest income			39,901				49,034
Interest expense			(13,905	)			(19,537	)
Other, net			17,955				22,118
Total finance income and finance costs			43,951				51,615
Profit before income taxes			292,334				605,027
Income tax expense			(77,440	)			(131,208	)
Profit for the period			214,894				473,819
Profit for the period attributable to:
Owners of the parent			196,670				450,915
Non-controlling interests			18,224				22,904
		Yen
Earnings per share attributable to owners of the parent
Basic and diluted			46.80				115.84

—4—

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Condensed Consolidated Statements of Comprehensive Income

For the three months ended June 30, 2025 and 2026

		Yen (millions)
		Three months ended Jun. 30, 2025				Three months ended Jun. 30, 2026
Profit for the period			214,894				473,819
Other comprehensive income, net of tax:
Items that will not be reclassified to profit or loss
Remeasurements of defined benefit plans			(20,781	)			—
Net changes in revaluation of financial assets measured at fair value through other comprehensive income			731				53,366
Share of other comprehensive income of investments accounted for using the equity method			(412	)			1,405
Items that may be reclassified subsequently to profit or loss
Net changes in revaluation of financial assets measured at fair value through other comprehensive income			42				(152	)
Exchange differences on translating foreign operations			(162,421	)			138,808
Cash flow hedges			(1,620	)			4,010
Share of other comprehensive income of investments accounted for using the equity method			(34,269	)			21,076
Total other comprehensive income, net of tax			(218,730	)			218,513
Comprehensive income for the period			(3,836	)			692,332
Comprehensive income for the period attributable to:
Owners of the parent			(18,715	)			667,895
Non-controlling interests			14,879				24,437

—5—

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[3] Condensed Consolidated Statements of Changes in Equity

For the three months ended June 30, 2025

		Yen (millions)
		Equity attributable to owners of the parent																								Non-controlling interests				Total equity
		Common stock				Capital surplus				Treasury stock				Retained earnings				Other components of equity				Total
Balance as of April 1, 2025			86,067				205,299				(1,272,845	)			11,122,187				2,185,821				12,326,529				301,293				12,627,822
Comprehensive income for the period
Profit for the period															196,670								196,670				18,224				214,894
Other comprehensive income, net of tax																			(215,385	)			(215,385	)			(3,345	)			(218,730	)
Total comprehensive income for the period															196,670				(215,385	)			(18,715	)			14,879				(3,836	)
Reclassification to retained earnings															(19,813	)			19,813				—								—
Transactions with owners and other
Dividends paid															(147,960	)							(147,960	)			(50,208	)			(198,168	)
Purchases of treasury stock											(363,926	)											(363,926	)							(363,926	)
Disposal of treasury stock											718												718								718
Share-based payment transactions							(474	)															(474	)							(474	)
Total transactions with owners and other							(474	)			(363,208	)			(147,960	)							(511,642	)			(50,208	)			(561,850	)
Other changes			—				—				—				664				—				664				—				664
Balance as of June 30, 2025			86,067				204,825				(1,636,053	)			11,151,748				1,990,249				11,796,836				265,964				12,062,800
For the three months ended June 30, 2026
		Yen (millions)
		Equity attributable to owners of the parent																								Non-controlling interests				Total equity
		Common stock				Capital surplus				Treasury stock				Retained earnings				Other components of equity				Total
Balance as of April 1, 2026			86,067				204,894				(896,927	)			9,375,989				3,047,489				11,817,512				330,560				12,148,072
Comprehensive income for the period
Profit for the period															450,915								450,915				22,904				473,819
Other comprehensive income, net of tax																			216,980				216,980				1,533				218,513
Total comprehensive income for the period															450,915				216,980				667,895				24,437				692,332
Reclassification to retained earnings															118,119				(118,119	)			—								—
Transactions with owners and other
Dividends paid															(136,430	)							(136,430	)			(66,255	)			(202,685	)
Disposal of treasury stock											614												614								614
Share-based payment transactions							(420	)															(420	)							(420	)
Equity transactions and others			—				9,202				—				—				3,098				12,300				(21,635	)			(9,335	)
Total transactions with owners and other							8,782				614				(136,430	)			3,098				(123,936	)			(87,890	)			(211,826	)
Balance as of June 30, 2026			86,067				213,676				(896,313	)			9,808,593				3,149,448				12,361,471				267,107				12,628,578

—6—

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[4] Condensed Consolidated Statements of Cash Flows

For the three months ended June 30, 2025 and 2026

		Yen (millions)
		Three months ended Jun. 30, 2025				Three months ended Jun. 30, 2026
Cash flows from operating activities:
Profit before income taxes			292,334				605,027
Depreciation, amortization and impairment losses excluding equipment on operating leases			178,612				173,369
Share of (profit) loss of investments accounted for using the equity method			(4,213	)			(22,645	)
Finance income and finance costs, net			56,404				(62,718	)
Interest income and interest costs from financial services, net			(44,381	)			(53,629	)
Changes in assets and liabilities
Trade receivables			186,576				137,120
Inventories			77,848				15,646
Trade payables			(223,605	)			(113,111	)
Accrued expenses			(86,071	)			(133,836	)
Provisions and retirement benefit liabilities			46,202				(44,386	)
Receivables from financial services			(195,792	)			(126,751	)
Equipment on operating leases			(171,611	)			(100,156	)
Other assets and liabilities			(145,670	)			(74,153	)
Other, net			55,109				893
Dividends received			52,170				57,370
Interest received			178,784				219,085
Interest paid			(100,070	)			(119,910	)
Income taxes paid, net of refunds			(66,967	)			(64,699	)
Net cash provided by operating activities			85,659				292,516
Cash flows from investing activities:
Payments for additions to property, plant and equipment			(128,180	)			(579,722	)
Payments for additions to and internally developed intangible assets			(72,214	)			(58,033	)
Proceeds from sales of property, plant and equipment and intangible assets			2,656				8,197
Payments for acquisitions of investments accounted for using the equity method			(44,753	)			(11,699	)
Proceeds from sales of investments accounted for using the equity method			1,142				—
Payments for acquisitions of other financial assets			(53,100	)			(45,595	)
Proceeds from sales and redemptions of other financial assets			84,368				287,799
Net cash used in investing activities			(210,081	)			(399,053	)
Cash flows from financing activities:
Proceeds from short-term financing liabilities			2,423,967				2,311,489
Repayments of short-term financing liabilities			(2,377,100	)			(1,641,361	)
Proceeds from long-term financing liabilities			879,032				688,477
Repayments of long-term financing liabilities			(692,485	)			(925,777	)
Dividends paid to owners of the parent			(147,960	)			(136,430	)
Dividends paid to non-controlling interests			(26,575	)			(25,377	)
Purchases and sales of treasury stock, net			(363,208	)			—
Repayments of lease liabilities			(20,789	)			(20,584	)
Net cash provided by (used in) financing activities			(325,118	)			250,437
Effect of exchange rate changes on cash and cash equivalents			(65,498	)			85,706
Net change in cash and cash equivalents			(515,038	)			229,606
Cash and cash equivalents at beginning of year			4,528,795				5,118,477
Cash and cash equivalents at end of period			4,013,757				5,348,083

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[5] Assumptions for Going Concern

None

[6] Notes to Condensed Consolidated Interim Financial Statements

[A] Segment Information

Based on Honda’s organizational structure and characteristics of products and services, Honda discloses segment information in four categories: Reportable segments of Motorcycle business, Automobile business and Financial services business, and other segments that are not reportable. The other segments are combined and disclosed in Power products and other businesses. Segment information is based on the components of Honda for which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The accounting policies used for segment information are consistent with the accounting policies used in the Company’s condensed consolidated interim financial statements.

Principal products and services, and functions of each segment are as follows:

Segment		Principal products and services		Functions
Motorcycle Business		Motorcycles, all-terrain vehicles (ATVs), side-by-sides (SxS) and relevant parts		Research and development Manufacturing Sales and related services
Automobile Business		Automobiles and relevant parts		Research and development Manufacturing Sales and related services
Financial Services Business		Financial services		Retail loan and lease related to Honda products Others
Power Products and Other Businesses		Power products and relevant parts, and others		Research and development Manufacturing Sales and related services Others

Segment information based on products and services

As of and for the three months ended June 30, 2025

		Yen (millions)
		Motorcycle Business				Automobile Business				Financial Services Business				Power Products and Other Businesses				Segment Total				Reconciling Items				Consolidated
Sales revenue:
External customers			951,590				3,474,601				831,621				82,456				5,340,268				—				5,340,268
Intersegment			—				69,311				1,017				10,357				80,685				(80,685	)			—
Total			951,590				3,543,912				832,638				92,813				5,420,953				(80,685	)			5,340,268
Segment profit (loss)			189,005				(29,625	)			85,009				(219	)			244,170				—				244,170
Segment assets			2,287,958				11,432,186				15,631,951				535,413				29,887,508				(12,958	)			29,874,550
Depreciation and amortization			17,468				156,155				224,475				3,944				402,042				—				402,042
Capital expenditures			17,924				121,395				721,093				4,154				864,566				—				864,566
As of and for the three months ended June 30, 2026
		Yen (millions)
		Motorcycle Business				Automobile Business				Financial Services Business				Power Products and Other Businesses				Segment Total				Reconciling Items				Consolidated
Sales revenue:
External customers			1,141,131				3,807,349				1,026,137				86,897				6,061,514				—				6,061,514
Intersegment			—				71,844				894				7,568				80,306				(80,306	)			—
Total			1,141,131				3,879,193				1,027,031				94,465				6,141,820				(80,306	)			6,061,514
Segment profit (loss)			233,956				192,122				105,810				(1,121	)			530,767				—				530,767
Segment assets			2,966,019				12,900,332				17,651,694				599,646				34,117,691				320,284				34,437,975
Depreciation and amortization			21,285				142,498				258,508				4,080				426,371				—				426,371
Capital expenditures			17,552				626,347				811,109				3,688				1,458,696				—				1,458,696

Explanatory notes:

1. Intersegment sales revenues are generally made at values that approximate arm’s-length prices.

2. Reconciling items include elimination of intersegment transactions and balances as well as unallocated corporate assets. Unallocated corporate assets, included in reconciling items as of June 30, 2025 and 2026 amounted to JPY 470,650 million and JPY 757,260 million, respectively, which consist primarily of the Company’s cash and cash equivalents and financial assets measured at fair value through other comprehensive income.

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[B] Cash and Cash Equivalents

The reconciliation of the amount of cash and cash equivalents between condensed consolidated statements of financial position and condensed consolidated statements of cash flows is as follows.

		Yen (millions)
		As of June 30, 2026
Cash and cash equivalents in the condensed consolidated statements of financial position			5,296,452
Cash and cash equivalents included in assets held for sale			51,631
Cash and cash equivalents in the condensed consolidated statements of cash flows			5,348,083

Assets held for sale as of June 30, 2026 are presented in other current assets in the condensed consolidated statements of financial position.

[C] Other

Loss related to airbag inflators

Honda has been conducting market-based measures in relation to airbag inflators. Honda recognizes a provision for specific warranty costs when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. There is a possibility that Honda will need to recognize additional provisions when new evidence related to the product recalls arise, however, it is not possible for Honda to reasonably estimate the amount and timing of potential future losses as of the date of this report.

Losses related to the reassessment of the automobile electrification strategy

The Company and its consolidated subsidiaries had historically entered into contracts with suppliers for the procurement of parts. During the year ended March 31, 2026, the Company decided to cancel the development and market launch of EV models that were planned for production in North America. Accordingly, during the current fiscal year, the Company and its consolidated subsidiaries initiated an assessment to identify the impact of such decision on the relevant suppliers. Depending on the outcome of the ongoing discussions with each affected supplier, additional payments to suppliers may arise in the future. In estimating the amount of additional payments, it is necessary to consider the progress of the assessment and discussions. Accordingly, due to high degree of uncertainty regarding the amount and timing of such additional payments, the Company and its consolidated subsidiaries are currently unable to reasonably estimate such amount with sufficient reliability.

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[Translation]

August 5, 2026

To Whom It May Concern:

Company Name:		Honda Motor Co., Ltd
Representative:		Toshihiro Mibe
		Director, President and Representative Executive Officer
		(Securities Code: 7267 Prime Market, TSE)
Contact Person:		Sumihiro Takahashi
		Head of Accounting and Finance Unit
		(TEL: +81-3-3423-1111)

Notice Concerning Revision of Forecast for Consolidated Financial Results for the Fiscal Year Ending March 31, 2027

Honda Motor Co., Ltd. (the “Company”) revised its forecast for consolidated financial results for the fiscal year ending March 31, 2027, which was announced on May 14, 2026.

Particulars

Revision of Forecast for Consolidated Financial Results for the Fiscal Year Ending March 31, 2027

		Sales revenue				Operating profit				Profit before income taxes				Profit for the year				Profit for the year attributable to owners of the parent				Basic earnings per share attributable to owners of the parent
		(Million Yen)				(Million Yen)				(Million Yen)				(Million Yen)				(Million Yen)				(Yen)
Forecast previously announced (A)			23,150,000				500,000				500,000				335,000				260,000				66.79
Forecast revision as of August 5, 2026 (B)			24,150,000				650,000				660,000				480,000				400,000				102.75
Change (B-A)			1,000,000				150,000				160,000				145,000				140,000
Percentage change (%)			4.3				30.0				32.0				43.3				53.8
(Reference) Results of the fiscal year ended March 31, 2026			21,796,610				△41,346				△403,300				△353,023				△423,941				△106.06

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Reason for Revision of Forecast for Consolidated Financial Results for the Fiscal Year Ending March 31, 2027 which was announced on May 14, 2026

During the first quarter of the fiscal year ending March 31, 2027, the Japanese yen remained weaker against the U.S. dollar than initially assumed.

In addition, considering the market environment going forward, the Company has revised the average exchange rates for the Japanese yen to the U.S. dollar for the full year ending March 31, 2027, from JPY145 to JPY155.

As a result, profits at all levels are expected to exceed the forecast announced on May 14, 2026. Accordingly, the Company has revised upward its consolidated earnings forecast for the fiscal year ending March 31, 2027, as shown above.

* Basic earnings per share attributable to owners of the parent is calculated based on profit for the year attributable to owners of the parent.

* The forecast for consolidated financial results of the Company is based on management’s assumptions and beliefs taking into account information currently available to it. Therefore, please be advised that the actual results of the Company could differ materially from those described in these forward-looking statements as a result of numerous factors, including general economic conditions in the principal markets of the Company, its consolidated subsidiaries and its affiliates accounted for using the equity method, and fluctuation of foreign exchange rates, as well as other factors detailed from time to time.

* For more details, please refer to the Company’s investor relations website

(URL https://global.honda/en/investors/).