{"slug":"honda-motor","name":"혼다","name_en":"Honda Motor","ticker":"7267.T","updated_at":"2026-07-11T17:21:07.408483+00:00","canonical":"https://valuechain.wiki/honda-motor","citable":"밸류체인 그래프 기준 혼다의 직접 연결 기업은 1곳(관계 기준 공급 1·매출 0)이고, 사슬을 2차까지 넓히면 18곳에 닿는다. 링크의 근거 출처는 7건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-07-11 기준).","citable_en":"Per the valuechain.wiki graph, Honda Motor is directly linked to 1 companies (1 supply, 0 revenue relationships) and reaches 18 companies within two hops; the links are backed by 7 dated sources, 1 of them primary filings (as of 2026-07-11).","kicker":"닛케이 225 · 자동차 · 모터사이클","kicker_en":"Nikkei 225 · Autos & Motorcycles","lead":"세계 최대 모터사이클 제조사이자 글로벌 자동차 회사다. 2026 회계연도(2026년 3월 마감) 매출은 21조7,966억엔으로, 북미가 전체의 절반이 넘는 최대 시장이다. 오토바이는 인도·브라질·아시아에서 연 1,467만대를 팔아 대수 기준 압도적 1위이며, 자동차 271만대, 금융서비스, 파워프로덕트가 뒤를 잇는다. 미국 전기차 수요 둔화와 관세로 2026년 3월 전동화 전략을 재조정해 하이브리드 중심으로 자원을 재배분했고, 이 여파로 EV 관련 손실 약 1조5,778억엔을 반영하며 영업손실 4,143억엔을 기록했다. 북미 배터리는 LG에너지솔루션과의 합작사(오하이오 L-H Battery)에서 조달한다.","lead_en":"Honda is the world's largest motorcycle maker and a global automaker. Revenue for the fiscal year ended March 2026 was 21,796.6 billion yen, with North America its single largest market at more than half the total. Motorcycles are its volume leader at 14.67 million units a year, driven by India, Brazil and Asia, followed by 2.71 million automobiles, financial services and power products. Weak U.S. EV demand and tariffs pushed Honda to reassess its electrification strategy in March 2026 and reallocate resources toward hybrids, booking roughly 1,577.8 billion yen of EV-related losses and an operating loss of 414.3 billion yen. North American batteries are sourced from its joint venture with LG Energy Solution, the L-H Battery plant in Ohio.","segments":{"fy":2026,"parts":[{"desc":"매출 1조3,863억엔·판매 271만대. 북미 중심, ACCORD·CIVIC·CR-V·N-BOX 등","name":"자동차"},{"desc":"매출 4,019억엔·판매 1,467만대. 대수 세계 1위, 인도·브라질·아시아 견인","name":"모터사이클"},{"desc":"매출 3,529억엔. 리테일 할부·리스·딜러 도매금융, 채권잔액 1조6,327억엔","name":"금융서비스"},{"desc":"매출 385억엔·359만대. 범용엔진·발전기·HondaJet","name":"파워프로덕트·기타"}],"total":"21조7,966억엔 (FY2026·2026년 3월 마감 연결)","source":"SEC 20-F FY2026","total_jpy_bn":21796.6,"op_loss_jpy_bn":414.3,"net_loss_jpy_bn":353},"segments_en":{"fy":2026,"parts":[{"desc":"Revenue ¥13,863.3B, 2.71M units. North America-centric; ACCORD, CIVIC, CR-V, N-BOX","name":"Automobile"},{"desc":"Revenue ¥4,018.8B, 14.67M units. #1 globally by volume; India, Brazil, Asia","name":"Motorcycle"},{"desc":"Revenue ¥3,529.4B. Retail loans/leasing and dealer wholesale finance; receivables ¥16,327.2B","name":"Financial Services"},{"desc":"Revenue ¥384.9B, 3.59M units. General-purpose engines, generators, HondaJet","name":"Power Products & Other"}],"total":"¥21,796.6B (FY2026, ended March 2026, consolidated)"},"returns_yearly":{"2021":25.8,"2022":-0.8,"2023":62.2,"2024":-8,"2025":10,"2026":-1.2},"return_asof":"2026-07-10","value_chain":{"leading":[],"benefiting":[{"slug":"lg-energy-solution","name":"LG에너지솔루션","name_en":"LG Energy Solution","tier":1,"returns_yearly":{"2023":-26.9,"2024":-7.6,"2025":13.1,"2026":-18.1}},{"slug":"ls-electric","name":"LS일렉트릭","name_en":"LS ELECTRIC","tier":2,"returns_yearly":{"2021":-19.2,"2022":11.4,"2023":37.4,"2024":234.2,"2025":145,"2026":79.6}},{"slug":"dai-nippon-printing","name":"다이닛폰인쇄","name_en":"Dai Nippon Printing","tier":2,"returns_yearly":{"2021":56.5,"2022":13.9,"2023":42.6,"2024":8.5,"2025":22.5,"2026":15.3}},{"slug":"daejoo-electronic","name":"대주전자재료","name_en":"Daejoo Electronic Materials","tier":2,"returns_yearly":{"2021":98.4,"2022":-2.3,"2023":-19.4,"2024":48.5,"2025":-25.9,"2026":7.7}},{"slug":"sqm","name":"SQM","name_en":"Sociedad Química y Minera de Chile S.A.","tier":2,"returns_yearly":{"2021":6.8,"2022":71.8,"2023":-18.3,"2024":-39.4,"2025":89.2,"2026":7.6}},{"slug":"yunnan-energy","name":"Yunnan Energy (Enjie)","name_en":"Yunnan Energy New Material (SEMCORP)","tier":2,"returns_yearly":{"2021":92.8,"2022":-38.6,"2023":-72.6,"2024":-29.2,"2025":76.4,"2026":7.5}},{"slug":"umicore","name":"유미코아","name_en":"Umicore","tier":2,"returns_yearly":{"2021":-27.5,"2022":5.9,"2023":-37.1,"2024":-51.4,"2025":111.6,"2026":2.4}},{"slug":"lotte-energy-materials","name":"롯데에너지머티리얼즈","name_en":"Lotte Energy Materials","tier":2,"returns_yearly":{"2021":31.5,"2022":-32.9,"2023":-49.3,"2024":-30,"2025":75.8,"2026":-8.4}},{"slug":"albemarle","name":"Albemarle","name_en":"Albemarle","tier":2,"returns_yearly":{"2021":59.8,"2022":-6.6,"2023":-32.8,"2024":-39.5,"2025":67.7,"2026":-10.4}},{"slug":"lg-chem","name":"LG화학","name_en":"LG Chem","tier":2,"returns_yearly":{"2021":-29,"2022":9.7,"2023":-36.6,"2024":-45.3,"2025":31.2,"2026":-14.4}},{"slug":"skc","name":"SKC","name_en":"SKC","tier":2,"returns_yearly":{"2021":18.1,"2022":-31.9,"2023":-19.7,"2024":104.3,"2025":-25.4,"2026":-19.2}},{"slug":"landf","name":"엘앤에프","name_en":"L&F","tier":2,"returns_yearly":{"2021":139.2,"2022":22.4,"2023":-30.3,"2024":-38.6,"2025":43.4,"2026":-20.4}},{"slug":"ganfeng","name":"Ganfeng Lithium","name_en":"Ganfeng Lithium","tier":2,"returns_yearly":{"2021":12,"2022":-17.4,"2023":-56.1,"2024":0.1,"2025":108.3,"2026":-21.8}},{"slug":"posco-future-m","name":"포스코퓨처엠","name_en":"POSCO Future M","tier":2,"returns_yearly":{"2021":-17.7,"2022":97.6,"2023":16.3,"2024":-43.6,"2025":56.5,"2026":-32}},{"slug":"advanced-nano-products","name":"나노신소재","name_en":"Advanced Nano Products","tier":2,"returns_yearly":{"2021":56.8,"2022":66.4,"2023":13.9,"2024":-30.9,"2025":5.5,"2026":-32.8}},{"slug":"chunbo","name":"천보","name_en":"Chunbo","tier":2,"returns_yearly":{"2021":40.4,"2022":-7.3,"2023":-65,"2024":-55.6,"2025":59.1,"2026":-37.6}},{"slug":"pnt","name":"피엔티","name_en":"PNT (People & Technology)","tier":2,"returns_yearly":{"2021":62.2,"2022":11.6,"2023":-17.8,"2024":12.2,"2025":31.1,"2026":-39.8}},{"slug":"enchem","name":"엔켐","name_en":"Enchem","tier":2,"returns_yearly":{"2022":-37.4,"2023":173.9,"2024":-20.5,"2025":-26.1,"2026":-76.7}},{"slug":"hoya","name":"호야","name_en":"Hoya Corporation","tier":3,"returns_yearly":{"2021":10.8,"2022":-3,"2023":34.4,"2024":11.3,"2025":24.9,"2026":-2.9}},{"slug":"posco-holdings","name":"POSCO홀딩스","name_en":"POSCO Holdings","tier":3,"returns_yearly":{"2021":13.9,"2022":19.9,"2023":43,"2024":-37.3,"2025":38.3,"2026":-8.8}},{"slug":"cosmo-advanced-materials-technology","name":"코스모신소재","name_en":"Cosmo Advanced Materials & Technology","tier":3,"returns_yearly":{"2021":121.4,"2022":48.7,"2023":128.9,"2024":-60.4,"2025":-3.4,"2026":-22.5}},{"slug":"lotte-chemical","name":"롯데케미칼","name_en":"Lotte Chemical","tier":3,"returns_yearly":{"2021":-22.5,"2022":-3.6,"2023":-24.4,"2024":-56.1,"2025":50.1,"2026":-25.4}}],"analysis":"닛케이 225·자동차·모터사이클 기업. 2026년 -1.2%다. 본주(-1.2%)와 공급단(평균 -18.1%)이 같은 보폭으로 움직인다.","analysis_en":"Honda Motor operates across Nikkei 225, Autos & Motorcycles. It is -1.2% in 2026. The stock (-1.2%) and its supply side (avg -18.1%) are moving in step. North American batteries are sourced from its joint venture with LG Energy Solution, the L-H Battery plant in Ohio.","analysis_asof":"2026-07-10"},"edges":[{"direction":"revenue","counterparty":"글로벌 자동차 고객","counterparty_slug":null,"confidence":"high","metric":{"units_k":2711,"revenue_jpy_bn":13863.3},"note":"자동차 사업 매출 1조3,863억엔·판매 271만대(FY2026). 북미가 핵심 시장이며 EV 손실·관세로 영업손실 1조4,111억엔.","note_en":"Automobile revenue ¥13,863.3B on 2.71M units (FY2026). North America is the core market; EV losses and tariffs drove a ¥1,411.1B segment operating loss.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회 (SEC EDGAR)","publisher_en":"U.S. SEC (EDGAR)","kind":"filing","lang":"en","published_at":"2026-06-18","url":"https://www.sec.gov/Archives/edgar/data/715153/000119312526274991/d116494d20f.htm","title":"혼다 연차보고서 (Form 20-F, FY2026)","title_en":"Honda Motor Annual Report (Form 20-F, FY2026)","excerpt":"자동차 판매대수 271만대, 전기 대비 4.5% 감소. 외부고객 매출 1조3,863억엔.","excerpt_en":"Consolidated unit sales of automobiles totaled 2,711 thousand units, decreased by 4.5%. Sales revenue from external customers ¥13,863.3 billion."},{"stance":"mentions","publisher":"Tickeron","publisher_en":"Tickeron","kind":"research","lang":"en","published_at":"2026-05-20","url":"https://tickeron.com/ticker/HMC/","title":"혼다(HMC) 애널리스트 컨센서스","title_en":"Honda (HMC) analyst consensus","excerpt":"애널리스트 컨센서스 '보유', 평균 목표주가 27.14달러(범위 23~32달러, 19명). 모건스탠리 중립, 노무라·골드만삭스 매수 유지.","excerpt_en":"Analyst consensus 'Hold', average price target US$27.14 (range 23-32, 19 analysts). Morgan Stanley Equal Weight; Nomura and Goldman Sachs maintain Buy."},{"stance":"confirms","publisher":"Investing.com","publisher_en":"Investing.com","kind":"news","lang":"en","published_at":"2026-05-13","url":"https://www.investing.com/news/transcripts/earnings-call-transcript-honda-motor-q4-2026-reveals-ev-losses-and-strategic-pivot-93CH-4687145","title":"혼다 4분기 실적: EV 손실과 전략 전환","title_en":"Honda Q4 2026 earnings call: EV losses and strategic pivot","excerpt":"혼다는 미 EV 3종 취소로 최대 2.5조엔 손실을 반영하고 하이브리드 중심으로 전환. 1957년 이후 첫 연간 순손실.","excerpt_en":"Honda booked up to ¥2.5tn in charges from canceling three U.S. EV models and pivoted to hybrids, its first annual net loss since 1957."}]},{"direction":"revenue","counterparty":"글로벌 모터사이클 고객","counterparty_slug":null,"confidence":"high","metric":{"units_k":14673,"revenue_jpy_bn":4018.8},"note":"모터사이클 사업 매출 4,019억엔·판매 1,467만대(FY2026, +7.2%). 대수 기준 세계 1위, 인도·브라질·필리핀 견인.","note_en":"Motorcycle revenue ¥4,018.8B on 14.67M units (FY2026, +7.2%). #1 globally by volume, led by India, Brazil and the Philippines.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회 (SEC EDGAR)","publisher_en":"U.S. SEC (EDGAR)","kind":"filing","lang":"en","published_at":"2026-06-18","url":"https://www.sec.gov/Archives/edgar/data/715153/000119312526274991/d116494d20f.htm","title":"혼다 연차보고서 (Form 20-F, FY2026)","title_en":"Honda Motor Annual Report (Form 20-F, FY2026)","excerpt":"모터사이클·ATV·SxS 판매 1,467만3,000대(+7.2%), 인도·브라질·필리핀 증가. 외부고객 매출 4,018억8,000만엔(+10.8%).","excerpt_en":"Consolidated unit sales of motorcycles, ATVs and SxS totaled 14,673 thousand units (+7.2%), led by India, Brazil and the Philippines. Sales revenue ¥4,018.8 billion (+10.8%)."}]},{"direction":"revenue","counterparty":"금융서비스 고객·딜러","counterparty_slug":null,"confidence":"high","metric":{"revenue_jpy_bn":3529.4,"receivables_jpy_bn":16327.2},"note":"금융서비스 사업 매출 3,529억엔(FY2026). 리테일 할부·리스와 딜러 도매금융, 채권잔액 1조6,327억엔.","note_en":"Financial services revenue ¥3,529.4B (FY2026). Retail loans/leasing and dealer wholesale finance; receivables ¥16,327.2B.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회 (SEC EDGAR)","publisher_en":"U.S. SEC (EDGAR)","kind":"filing","lang":"en","published_at":"2026-06-18","url":"https://www.sec.gov/Archives/edgar/data/715153/000119312526274991/d116494d20f.htm","title":"혼다 연차보고서 (Form 20-F, FY2026)","title_en":"Honda Motor Annual Report (Form 20-F, FY2026)","excerpt":"금융서비스 외부고객 매출 3,529억4,000만엔. 금융채권·운용리스 잔액 1조6,327억2,000만엔(+11.2%).","excerpt_en":"Financial services revenue from external customers ¥3,529.4 billion. Receivables and equipment on operating leases ¥16,327.2 billion (+11.2%)."}]},{"direction":"cost","counterparty":"LG에너지솔루션 (배터리 JV)","counterparty_slug":"lg-energy-solution","confidence":"high","metric":{"building_purchase_usd_m":2530},"note":"북미 EV 배터리를 위해 LG에너지솔루션과 오하이오 합작사(L-H Battery, 제퍼슨빌)를 설립. 2024년 준공, 혼다 자회사가 건물을 25억3,000만달러에 매입 후 12년 리스백. EV 수요 둔화로 ESS·HEV 배터리 라인으로 전환 검토.","note_en":"Honda set up an Ohio battery JV with LG Energy Solution (L-H Battery, Jeffersonville) for North American EV batteries. Completed 2024; a Honda subsidiary bought the buildings for US$2,530M and leases them back over 12 years. Amid weak EV demand, the line is being repurposed for ESS and HEV batteries.","sources":[{"stance":"confirms","publisher":"아시아투데이","publisher_en":"Asia Today","kind":"news","lang":"ko","published_at":"2026-07-03","url":"https://www.asiatoday.co.kr/kn/view.php?key=20260703010001209","title":"LG엔솔·혼다 美 합작공장, ESS 배터리셀 양산 돌입","title_en":"LG Energy Solution-Honda U.S. JV starts ESS battery cell mass production","excerpt":"LG엔솔·혼다 합작사 L-H배터리컴퍼니가 오하이오 제퍼슨빌 공장에서 ESS용 배터리셀 양산을 시작. 당초 EV용으로 설계됐으나 북미 수요 정체로 ESS로 전환.","excerpt_en":"The LG Energy Solution-Honda JV L-H Battery Company began ESS battery cell mass production at its Jeffersonville, Ohio plant, converting from its original EV design amid weak North American demand."},{"stance":"confirms","publisher":"미국 증권거래위원회 (SEC EDGAR)","publisher_en":"U.S. SEC (EDGAR)","kind":"filing","lang":"en","published_at":"2026-06-18","url":"https://www.sec.gov/Archives/edgar/data/715153/000119312526274991/d116494d20f.htm","title":"혼다 연차보고서 (Form 20-F, FY2026)","title_en":"Honda Motor Annual Report (Form 20-F, FY2026)","excerpt":"북미 배터리 안정 조달을 위해 미국에 리튬이온 배터리 제조 비연결 관계사를 설립, 2024년 공장 준공. 건물 매입가 25억3,000만달러, ESS·HEV 배터리로 전환 검토.","excerpt_en":"To secure stable battery procurement in North America, Honda established an unconsolidated affiliate to manufacture lithium-ion batteries in the U.S.; plant completed in 2024. Building purchase price US$2,530 million; considering repurposing for ESS and HEV batteries."},{"stance":"confirms","publisher":"디일렉","publisher_en":"THE ELEC","kind":"news","lang":"ko","published_at":"2025-12-24","url":"https://www.thelec.kr/news/articleView.html?idxno=50196","title":"LG엔솔, 美혼다 배터리 합작사 공장 4.2조에 매각","title_en":"LG Energy Solution sells Honda battery JV plant building for 4.2 trillion won","excerpt":"LG엔솔이 혼다 합작사(L-H Battery) 건물 자산을 혼다에 약 4조2,212억원에 매각, 이후 임차 운영 구조로 전환.","excerpt_en":"LG Energy Solution sold the buildings of the Honda JV (L-H Battery) to Honda for about ₩4,221.2 billion, then leases them back."},{"stance":"confirms","publisher":"Yahoo Finance","publisher_en":"Yahoo Finance","kind":"news","lang":"en","published_at":"2025-12-01","url":"https://finance.yahoo.com/news/honda-buy-ohio-battery-plant-150500980.html","title":"혼다, 오하이오 배터리 공장 자산 $29억에 인수(LG엔솔)","title_en":"Honda to buy Ohio battery plant assets from LGES for $2.9B","excerpt":"Honda to buy the Ohio JV building assets from LGES for approximately $2.9 billion.","excerpt_en":"Honda buys Ohio JV assets from LGES for ~$2.9B."},{"stance":"confirms","publisher":"LG에너지솔루션","publisher_en":"LG Energy Solution","kind":"ir","lang":"en","published_at":"2023-01-13","url":"https://news.lgensol.com/company-news/press-releases/1315/","title":"LG에너지솔루션·혼다, 오하이오 배터리 합작법인 설립","title_en":"LG Energy Solution and Honda Establish Battery JV in Ohio","excerpt":"L-H Battery Company JV (Ohio) with $4.4B investment and ~40GWh capacity; production from 2026 for Honda and Acura EVs.","excerpt_en":"L-H JV: $4.4B, ~40GWh, from 2026 for Honda/Acura EVs."}]},{"direction":"cost","counterparty":"강재·부품·반도체 공급망","counterparty_slug":null,"confidence":"mid","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"매출원가 1조8,193억엔(FY2026). 강재 등 원자재 가격 변동과 미국 관세가 자동차 원가를 끌어올려 EV 손실과 함께 영업손실의 주요인.","note_en":"Cost of sales ¥18,193.4B (FY2026). Raw-material price swings (including steel) and U.S. tariffs pushed up automobile costs, a key driver of the operating loss alongside EV losses.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회 (SEC EDGAR)","publisher_en":"U.S. SEC (EDGAR)","kind":"filing","lang":"en","published_at":"2026-06-18","url":"https://www.sec.gov/Archives/edgar/data/715153/000119312526274991/d116494d20f.htm","title":"혼다 연차보고서 (Form 20-F, FY2026)","title_en":"Honda Motor Annual Report (Form 20-F, FY2026)","excerpt":"매출원가 1조8,193억4,000만엔으로 증가, 원자재 가격 변동과 관세가 원가를 압박.","excerpt_en":"Cost of sales increased to ¥18,193.4 billion, with raw-material price fluctuations and tariffs pressuring costs."}]}]}