Okinada's questions to HONDA MOTOR CO (HMC) leadership • Q1 2025
Question
Okinada from Linde inquired about the business outlook for the North American market amid rising interest rates and incentives, and also asked about the expected timing for any positive impacts from the new partnership with Nissan and Mitsubishi.
Answer
Executive Eiji Fujimura stated that the North American business is performing on schedule, with strong hybrid sales (CR-V, Accord, Civic) driving results. He highlighted that Honda's disciplined 30-day inventory management keeps its incentive spending at the lowest levels in the industry. Regarding the partnership with Nissan and Mitsubishi, Fujimura clarified that no positive financial impact is expected in the current fiscal year, as the collaboration is still in the MOU phase, focusing on future EV models and software.