Yokoyama's questions to Honda Motor Co Ltd (HMC) leadership • Q1 2025
Question
Yokoyama from Tayo KSI questioned why the full-year consolidated outlook was not revised upward despite strong Q1 profit, and asked for details on the support Honda is providing to its suppliers to combat inflation.
Answer
Executive Eiji Fujimura explained that while Q1 performance was a record high, the forecast remains unchanged because it is still early in the year and they must account for the significant negative impact of a 220,000-unit sales reduction in China. Executive Masao Kawaguchi added that Honda actively supports its suppliers by shouldering some inflation-related cost burdens, particularly for labor in North America, and that these support costs are factored into Honda's own cost planning.