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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Hino Motors
Hino Motors (7205) investor relations material
Hino Motors has been delisted
Hino Motors Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Jan, 2026
Executive summary
Net sales for the period were ¥1,141.2 billion, down 10.9% year-over-year, mainly due to lower unit sales in both domestic and overseas markets.
Operating income rose 39.3% year-over-year to ¥62.8 billion, driven by cost reductions despite lower sales volumes.
Net income turned positive at ¥30.6 billion, a swing of ¥296.0 billion year-over-year, aided by certification-related gains.
Global unit sales for the third quarter were 80.7 thousand, down 15.3% year-over-year, with significant declines in both Japan and overseas markets.
Financial highlights
Operating income increased by ¥17.7 billion year-over-year, despite a ¥139.0 billion drop in net sales.
Ordinary income rose to ¥55.0 billion, up 179.2% year-over-year.
Profit attributable to owners of parent improved by ¥296.0 billion, reaching ¥30.6 billion.
Cost improvements and reduced expenses offset negative impacts from lower sales and currency fluctuations.
Gross profit declined to ¥209,323 million from ¥223,086 million year-over-year.
Outlook and guidance
Full-year global unit sales forecast remains at 108.5 thousand units, unchanged from the previous forecast.
Full-year operating income forecast revised upward by ¥10.0 billion to ¥75.0 billion, and net income forecast increased by ¥35.0 billion to ¥75.0 billion.
Net sales for the full year are projected at ¥1,550.0 billion, up ¥50.0 billion from the previous forecast.
Ordinary income forecast at ¥70,000 million; profit per share projected at ¥130.65.
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Latest events from Hino Motors
- Operating income surged 58% despite a 12.4% sales drop, with profit rebounding to ¥22.5 billion.7205
Q2 2026 - Operating income and net profit surged despite lower sales and ongoing legal risks.7205Q1 2026
- Operating income surged 462% on strong domestic sales, but legal risks remain.7205Q1 2025
- Operating gains were overshadowed by a massive North American legal provision.7205Q2 2025
- Mitsubishi Fuso and Hino will merge under a new holding company to drive CASE and hydrogen tech by 2026.7205Collaboration
- Extraordinary losses led to a record net loss despite improved sales and operating income.7205Q4 2025
- Record net loss driven by legal costs despite strong sales and no dividend planned.7205Q3 2025
Hino Motors
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Frequently asked questions
Hino Motors Ltd. is a Japanese manufacturer specializing in the production of commercial vehicles, including trucks, buses, and related components. The company also develops and manufactures diesel engines and offers vehicle maintenance services. Hino Motors serves various industries by providing transportation solutions and focuses on advancing technologies for fuel efficiency and environmental performance. The company is headquartered in Hino, Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange.