A: Yo, heard anything interesting today?
B: Just got some news about Honda. What's up?

A: They released their first quarter financial report!
B: Oh really? What did they say?

A: Sales dropped by 1.2% compared to last year, but they still made over 36 billion dollars.
B: Whoa, that's a lot! But why the drop in sales?

A: Part of it was due to those US tariffs. They lost around 845 million dollars because of them.
B: That sounds tough... But wait, didn't they lose money from tariffs last year too?

A: Yeah, but now they think the tariff rate will go down from 30% to 15%, which is good news!
B: Oh, that's a relief. Do you think it'll really happen though?

A: They say there are still uncertainties, like when exactly the new rate will start. But they're hoping for a quick agreement between Japan and the US.
B: Makes sense... I hope everything works out for them!
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Honda Motor has reported a net profit of just over 196 billion yen, or about 1.3 billion dollars, for the April to June quarter. That marks a 50.2 percent drop from a year earlier.



Honda released its financial results for the first quarter on Wednesday. It announced that sales fell 1.2 percent from the same period last year to 5.3 trillion yen, or around 36 billion dollars.



The company attributed the decline in part to a drop of over 124 billion yen, or about 845 million dollars, in operating profit due to the impact of US tariffs imposed under President Donald Trump.



At the same time, Honda revised upward its full-year profit forecast from 250 billion yen to 420 billion yen, or roughly 2.8 billion dollars. The automaker says one reason for the revision is its assumption that US tariffs on Japanese auto imports will be lowered to the agreed rate of 15 percent from September.



Honda's chief financial officer and director, Fujimura Eiji, said the lowered rate would have a positive effect and welcomed the clarity it brings.



But he noted that many uncertainties remain, such as when the new rate will actually take effect.



He added that he is calling on the Japanese government to reach an agreement with the US and disclose details as soon as possible.
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Quiz 1:
Honda Motor announced a decline in its operating profit due to which reason?
A. Revision of full-year profit forecast
B. Impact of US tariffs imposed under President Donald Trump
C. Decrease in sales during the first quarter
D. Increase in net profit for the April to June quarter

[Answer block]
Answers:
Quiz 1: B

Quiz 2:
Honda revised its full-year profit forecast from what amount to what amount?
A. 420 billion yen to 250 billion yen
B. 250 billion yen to 36 billion dollars
C. 5.3 trillion yen to 36 billion dollars
D. 196 billion yen to 1.3 billion dollars

[Answer block]
Answers:
Quiz 2: A

Quiz 3:
What is the expected effect of US tariffs on Japanese auto imports being lowered to the agreed rate of 15 percent from September, according to Honda's chief financial officer?
A. It will have a negative effect
B. It will have no effect
C. It will have a positive effect and bring clarity
D. It is not yet clear what the effect will be

[Answer block]
Answers:
Quiz 3: C