Honda Motor Co., Ltd. (HMC) Q4 2026 Press Conference Call Transcript

Operator

Thank you for your attendance today despite such a short notice. Now I would like to — we would like to hold a press conference regarding the timely disclosure in the press release announced today at 3:30. First, we would like to introduce attendants today. Director, President and Representative Executive Officer, Toshihiro Mibe; Director Executive Vice President and Representative Executive Officer, Noriya Kaihara; Director, Managing Executive Officer, Eiji Fujimura.

First, Mibe will walk you through the background that led to the management decision this time, followed by Kaihara’s explanation of the future direction towards the construction of Honda’s automobile business in mid- to long term.

Now the floor is yours, Mibe-san.

Toshihiro Mibe
President, CEO, Representative Executive Officer & Chairman

Good afternoon, ladies and gentlemen. This is Mibe speaking. Thank you for taking time to join us despite the short notice.

As you may have come to know through sources such as our news release today, we announced a forecast revision in the fiscal year ending March 31, 2026. Though challenging, we will explain the background of this decision and future direction for rebuilding the mid- to long-term automobile strategy.

Honda has been working to realize carbon neutrality by 2050. To this end, led by small-sized mobility products, including passenger cars, Honda shifted strategic direction towards EV popularization based on our belief that EVs will be the optimal long-term solution. In this journey, we anticipated increasingly stringent environmental regulations would come into full effect in various countries