AutomobilesCompany aims to rebound to net profit in FY26 despite massive EV-related lossesHonda Motor has been forced to scale back its aggressive EV strategy, set in 2021 under President Toshihiro Mibe's leadership, due to a changing business environment. © Getty ImagesYURIKA YONEDAMay 14, 2026 13:44 JSTUpdated on May 14, 2026 18:16 JSTTOKYO -- Honda Motor said on Thursday that it expects net profit of 260 billion yen ($1.65 billion) in the fiscal year ending March 2027, aiming to return to the black despite ongoing challenges, while announcing its first net loss since listing for the previous year due to electric vehicle-related losses.