Hino Motors (7205) Q1 2026 earnings summary

Executive summary

• Net sales fell 11.4% year-over-year to 364.2 billion yen, mainly due to lower unit sales in both domestic and overseas markets.

• Global unit sales dropped 8.9% year-over-year to 26,432 units, with Japan down 21.3% and overseas down 2.4%.

• Operating income surged 165.4% to 16.9 billion yen, driven by cost reductions, price revisions, and exchange gains.

• Net income reached 13.6 billion yen, reversing a loss last year, as cost controls offset lower revenue.

• Comprehensive income rose sharply to 17.5 billion yen from 1.7 billion yen year-over-year.

Financial highlights

• Operating income margin improved to 4.7% from 1.6% a year ago.

• Ordinary income increased to 20.2 billion yen from 5.3 billion yen year-over-year.

• EPS improved to 23.61 yen from -0.39 yen year-over-year.

• Net assets rose to 265.7 billion yen, up 14.7 billion yen from the previous fiscal year-end.

• Total assets decreased to 1,330.9 billion yen, mainly due to lower cash and receivables.

Outlook and guidance

• Full-year FY2026 net sales forecast at 1,500 billion yen, down 11.6% from FY2025.

• Operating income projected at 40 billion yen, a 30.4% decrease year-over-year.

• Profit attributable to owners of parent forecast at 20 billion yen; EPS expected at 34.84 yen.

• No changes to previously announced forecasts as of April 24, 2025.