Yokoyama's questions to Honda Motor Co Ltd (HMC) leadership • Q1 2025
Question
Yokoyama of Toyo Keizai Inc. questioned why the full-year consolidated outlook was not revised upward despite a strong Q1, and asked for details on Honda's financial support for its suppliers dealing with inflation.
Answer
Executive Eiji Fujimura explained that while Q1 performance was a record, the decision to maintain the forecast reflects the need to offset the significant negative profit impact from a 220,000-unit sales reduction in China. Executive Masao Kawaguchi added that Honda is actively supporting suppliers by partially shouldering increased costs from inflation and labor, a practice continued from last year that is factored into their cost structure.