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Honda forecasts 70% net profit drop citing 'tariff impact'
Honda forecasts 70% net profit drop citing 'tariff impact'
Economy
by  AFP

Japan's Honda Motor on Tuesday forecast a 70 percent drop in net profit for the 2025-26 financial year as US trade tariffs weigh on the global auto industry. Honda, Japan's second-biggest automaker after Toyota, logged net profit of 835 billion yen in the past financial year, a drop of almost 25 percent on-year and well short of its February forecast of 950 billion yen.

Japan's SoftBank posts $7.8 bn annual net profit
Japan's SoftBank posts $7.8 bn annual net profit
Economy
by  AFP

Japanese tech investor SoftBank Group, a major player in the US Stargate artificial intelligence drive, on Tuesday posted a bumper full-year net profit of $7.8 billion. Tuesday's result marked its first full-year net profit since the 2020-21 financial year.