Honda to ramp up R&D spending as it expands hybrid push [Globe and Mail, The (Toronto, Canada)]
Honda Motor Company, Ltd. (HMC)
Last honda motor company, ltd. earnings: 2/7 03:16 am
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Source: Globe and Mail, The
boost its competitive edge in hybrid and other electrified vehicles, as it forecast a 2.8 per cent rise in operating profit for 2024/25. Japan's second-largest automaker by volume announced a share buyback worth up to 300 billion yen ($1.93-billion) after beating analysts' fourth quarter earnings estimates, helped by strong sales growth in the United States, which offset a decline in China. A weaker Japanese yen and robust hybrid model sales also contributed to Honda's profit. The company forecast full-year operating profit would rise to 1.42 trillion yen compared with an average profit estimate of 1.39 trillion yen in a poll of 22 analysts by LSEG. Honda, which is a latecomer to purely electric vehicles that only run on a battery, plans to spend 1.19 trillion yen for research and development this year, up 23 per cent from the previous year, it said. “Our current plan is to create an environment that allows us to produce 2 million hybrid models in a year by 2030, and we have
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HMC
Sec Filings
- 5/16/24 - Form 6-K
- 5/10/24 - Form 6-K
- 4/25/24 - Form 6-K
- HMC's page on the SEC website