Honda Motor reported fiscal first-quarter operating income of 244.17 billion yen, a 50 percent slide from a year earlier and well below the roughly 310 billion-yen average analyst estimate. Revenue edged down 1 percent to 5.3 trillion yen. The company said U.S. auto tariffs imposed in April shaved about 125 billion yen from quarterly profit, while a stronger yen and a 113 billion-yen one-time charge tied to electric-vehicle projects further weighed on earnings. Despite the weak quarter, the Japanese automaker lifted its full-year operating-income outlook to 700 billion yen from the 500 billion yen forecast issued in May. Honda also trimmed its projected tariff burden for the fiscal year to 450 billion yen, citing expectations that Washington will scale back the levy on Japanese vehicles to 15 percent in September and benefits from North American production under the USMCA trade pact. The new guidance assumes an average exchange rate of 140 yen to the dollar. North America accounted for about 41 percent of Honda’s global sales in the first half, deepening the company’s exposure to U.S. trade policy. Management said the motorcycle division continues to grow, particularly in Brazil, while automobile sales remain soft in Asia, led by China. Honda reiterated its full-year vehicle-sales target of 3.62 million units and indicated it is delaying the build-out of an electric-vehicle supply chain in Canada by two years because of subdued demand.