By Reuters

(Reuters) - Honda Motor posted its first annual loss ‌in nearly 70 years as ‌a listed company on Thursday, hit by ​U.S. tariffs and more than $9 billion in costs to restructure its electric-vehicle business.

Its operating loss totalled 414.3 billion ‌yen ($2.63 billion) ⁠for the year ended March, compared with a median ⁠estimate of a 315.6 billion yen loss in a poll of 22 ​analysts by ​LSEG and ​a 1.2 trillion ‌yen profit a year earlier.

Japan's second-largest automaker booked total EV-related losses of 1.45 trillion yen for the business year ended March and expected ‌to face additional costs ​of 500 billion ​yen for ​the year just started.

The ‌company still expects to ​return to ​profitability this year, forecasting a 500 billion yen profit on cost-reduction ​measures ‌and its profitable motorcycle business.

($1 = 157.8300 ​yen)

(Reporting by Daniel Leussink; Editing ​by Jacqueline Wong)

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