Hino Motors (7205) Q1 2025 earnings summary

Executive summary

• Net sales rose 10.5% year-over-year to ¥411,060 million, driven by domestic recovery and resumed shipments of heavy-duty trucks.

• Operating income surged 462.4% year-over-year to ¥6,383 million, aided by yen depreciation and higher domestic sales.

• Loss attributable to owners of parent narrowed sharply to ¥222 million from a ¥16,524 million loss a year ago, mainly due to lower extraordinary losses and higher income taxes.

Financial highlights

• Gross profit increased to ¥65,220 million from ¥58,256 million year-over-year.

• Ordinary income rose 86.6% year-over-year to ¥5,334 million.

• Comprehensive income dropped 74.0% year-over-year to ¥1,672 million, reflecting lower other comprehensive income.

• EPS improved to -¥0.39 from -¥28.79 year-over-year.

• No dividend declared for the quarter; no change in dividend forecast.

Outlook and guidance

• Full-year net sales forecast maintained at ¥1,600,000 million, up 5.5% year-over-year.

• Operating income forecast unchanged at ¥20,000 million; profit attributable to owners of parent forecast at ¥10,000 million.