HMC Oct 2024 30.000 put
- Zacks
Honda's (HMC) Q4 Earnings Beat Estimates, Revenues Miss
For fiscal 2025, Honda (HMC) forecasts revenues of 20.3 trillion yen, implying a decline of 0.6% year over year.
- Reuters
Honda moves to cut China workforce with voluntary layoffs
TOKYO (Reuters) -Honda Motor is scaling down its full-time production workforce in China, with roughly 1,700 employees having agreed to leave thus far, the Japanese automaker said on Wednesday, as its car sales in the world's biggest auto market decline. GAC Honda Automobile, a joint venture (JV) between Honda and Chinese state-owned automaker Guangzhou Automobile Group, told workers earlier this month it was seeking to make voluntary layoffs, a Honda spokesperson said.
- Reuters
Japanese shares fall ahead of earnings reports; rising yields weigh
Japanese shares ended lower on Monday as investors grew cautious ahead of corporate earnings reports, while rising Japanese government bond yields weighed on sentiment. "More local companies are set to announce their outlook but many of them are expected to be conservative so investors were cautious about buying stocks," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities. The real estate sector lost 3.26% to become the worst performer among the Tokyo Stock Exchange's 33 industry sub-indexes.
