According to CoinMeta, Honda Motor has raised its annual profit forecast. Despite the negative impacts resulting from its untimely bet on the electric vehicle sector, the demand for its motorcycle business and its sales performance in the North American market remain its highlights. Honda expects to achieve an operating profit of 780 billion yen (equivalent to $4.9 billion) for the fiscal year ending March 2027. This is higher than the previous guidance of 650 billion yen but lower than analysts' expectations of 839 billion yen. The profit for the three months ending September 30 was 118 billion yen, far below the expected 265 billion yen. Honda is under pressure to recover from its untimely investment in electric vehicle demand. This bet led to a write-down of 2.5 trillion yen earlier this year. Pelham Smithers Associates analyst from a British research firm stated that Honda has not yet accounted for all the costs related to electric vehicles, which indicates that this could pose a significant burden for the remainder of this fiscal year.