Nikkei 225 · Autos & Motorcycles
Honda Motor
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.
7267.T Updated Jul 11, 2026 2 AI consumers
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).
Financials & Segments
- Total revenue · ¥21,796.6B (FY2026, ended March 2026, consolidated)
- Segments · Automobile · Motorcycle · Financial Services · Power Products & Other
Revenue from
- 글로벌 자동차 고객 High confidence
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.Confirms EN Investing.com Published May 13, 2026: Honda Q4 2026 earnings call: EV losses and strategic pivot - 글로벌 모터사이클 고객 High confidence
Motorcycle revenue ¥4,018.8B on 14.67M units (FY2026, +7.2%). #1 globally by volume, led by India, Brazil and the Philippines. - 금융서비스 고객·딜러 High confidence
Financial services revenue ¥3,529.4B (FY2026). Retail loans/leasing and dealer wholesale finance; receivables ¥16,327.2B.
Pays to
- LG에너지솔루션 (배터리 JV) High confidence
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.Confirms KO Asia Today Published Jul 3, 2026: LG Energy Solution-Honda U.S. JV starts ESS battery cell mass productionConfirms KO THE ELEC Published Dec 24, 2025: LG Energy Solution sells Honda battery JV plant building for 4.2 trillion wonConfirms EN Yahoo Finance Published Dec 1, 2025: Honda to buy Ohio battery plant assets from LGES for $2.9BConfirms EN LG Energy Solution Published Jan 13, 2023: LG Energy Solution and Honda Establish Battery JV in Ohio - 강재·부품·반도체 공급망 Medium confidence
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.
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Honda Motor | node | +25.8 | -0.8 | +62.2 | -8 | +10 | -1.2 |
| LG Energy Solution | benef1 | · | · | -26.9 | -7.6 | +13.1 | -18.1 |
| LS ELECTRIC | benef2 | -19.2 | +11.4 | +37.4 | +234.2 | +145 | +79.6 |
| Dai Nippon Printing | benef2 | +56.5 | +13.9 | +42.6 | +8.5 | +22.5 | +15.3 |
| Daejoo Electronic Materials | benef2 | +98.4 | -2.3 | -19.4 | +48.5 | -25.9 | +7.7 |
| Sociedad Química y Minera de Chile S.A. | benef2 | +6.8 | +71.8 | -18.3 | -39.4 | +89.2 | +7.6 |
| Yunnan Energy New Material (SEMCORP) | benef2 | +92.8 | -38.6 | -72.6 | -29.2 | +76.4 | +7.5 |
| Umicore | benef2 | -27.5 | +5.9 | -37.1 | -51.4 | +111.6 | +2.4 |
| Lotte Energy Materials | benef2 | +31.5 | -32.9 | -49.3 | -30 | +75.8 | -8.4 |
| Albemarle | benef2 | +59.8 | -6.6 | -32.8 | -39.5 | +67.7 | -10.4 |
| LG Chem | benef2 | -29 | +9.7 | -36.6 | -45.3 | +31.2 | -14.4 |
| SKC | benef2 | +18.1 | -31.9 | -19.7 | +104.3 | -25.4 | -19.2 |
| L&F | benef2 | +139.2 | +22.4 | -30.3 | -38.6 | +43.4 | -20.4 |
| Ganfeng Lithium | benef2 | +12 | -17.4 | -56.1 | +0.1 | +108.3 | -21.8 |
| POSCO Future M | benef2 | -17.7 | +97.6 | +16.3 | -43.6 | +56.5 | -32 |
| Advanced Nano Products | benef2 | +56.8 | +66.4 | +13.9 | -30.9 | +5.5 | -32.8 |
| Chunbo | benef2 | +40.4 | -7.3 | -65 | -55.6 | +59.1 | -37.6 |
| PNT (People & Technology) | benef2 | +62.2 | +11.6 | -17.8 | +12.2 | +31.1 | -39.8 |
| Enchem | benef2 | · | -37.4 | +173.9 | -20.5 | -26.1 | -76.7 |
YTD as of 2026-07-10 · source: Yahoo Finance
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 generated from returns as of 2026-07-10