Honda Executive Resigns over 'Inappropriate Conduct'

The firm's audit committee had investigated the incident and presented a disciplinary action plan to the board of directors, who were "scheduled to make a decision" - AFP
The firm's audit committee had investigated the incident and presented a disciplinary action plan to the board of directors, who were "scheduled to make a decision" - AFP
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Honda Executive Resigns over 'Inappropriate Conduct'

The firm's audit committee had investigated the incident and presented a disciplinary action plan to the board of directors, who were "scheduled to make a decision" - AFP
The firm's audit committee had investigated the incident and presented a disciplinary action plan to the board of directors, who were "scheduled to make a decision" - AFP

Honda's executive vice president resigned on Monday over "an allegation of inappropriate conduct", the Japanese automaker said.

The incident occurred "during a social gathering outside of work hours", Honda said in a statement, without detailing the accusations made against Shinji Aoyama, who is also the company's director.

"It is deeply regrettable that an individual positioned as a leader in the management of the company, and who is expected to set an example for the respect of human rights... has become the subject of an allegation of conduct contrary to these principles," it said, AFP reported.

The firm's audit committee had investigated the incident and presented a disciplinary action plan to the board of directors, who were "scheduled to make a decision".

But Aoyama submitted his resignation letter before the board had made any move, the statement said.

"The Company's Board of Directors has determined that it is appropriate for Mr. Aoyama to resign from his position," it added.

Honda President Toshihiro Mibe will voluntarily return 20 percent of his monthly compensation for two months due to "the seriousness of this matter", the company said.

"The company sincerely apologizes for any discomfort caused by such conduct, and for the significant disturbance and concern it has caused to all stakeholders."



Nintendo Sees FY Profit Rising 13%, Switch 2 Unit Sales of 15 Million 

The Nintendo Switch 2 gaming device is pictured at a media event in Tokyo, Japan, April 3, 2025. (Reuters)
The Nintendo Switch 2 gaming device is pictured at a media event in Tokyo, Japan, April 3, 2025. (Reuters)
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Nintendo Sees FY Profit Rising 13%, Switch 2 Unit Sales of 15 Million 

The Nintendo Switch 2 gaming device is pictured at a media event in Tokyo, Japan, April 3, 2025. (Reuters)
The Nintendo Switch 2 gaming device is pictured at a media event in Tokyo, Japan, April 3, 2025. (Reuters)

Nintendo on Thursday forecast operating profit would rise 13% to 320 billion yen ($2.22 billion) in the year ending March.

The Kyoto-based gaming company said it expects to sell 15 million Switch 2 units in the financial year.

For the year ended March, Nintendo reported operating profit fell 46.6% to 282.5 billion yen.

Nintendo is preparing to launch the Switch 2 on June 5.

The games console will succeed the Switch, which has sold more than 150 million units since its 2017 launch and transformed Nintendo's fortunes after the Wii U flopped.

The launch will test Nintendo's ability to manage its supply chain as it works to minimize disruption from a trade war between the United States and China.

Nintendo paused the start of US pre-orders as it considered the impact of increasing US tariffs. It later said it would maintain pricing at $449.99.

Lottery applications in Japan indicate robust demand for the more powerful gaming device, which offers a bigger screen and better graphics than its predecessor.

Xbox maker Microsoft and PlayStation maker Sony have both hiked console prices in recent weeks.