Hino Motors (7205) Q2 2025 earnings summary

Executive summary

• Net sales rose 12.2% year-on-year to ¥847.5 billion, driven by domestic truck market recovery and increased sales to Toyota.

• Operating income surged to ¥24.1 billion, up ¥17.3 billion year-on-year, aided by yen depreciation and higher domestic sales.

• Net loss was ¥219.6 billion, mainly from a ¥230 billion provision for legal obligations in North America and Canada.

• Comprehensive income turned negative at ¥-207.1 billion, compared to ¥18.7 billion in the prior year.

Financial highlights

• Net sales for 2Q FY2025 reached ¥847.5 billion, up ¥92.1 billion year-on-year.

• Operating income margin improved to 2.8% from 0.9% year-on-year.

• Ordinary income increased to ¥19.4 billion from ¥6.3 billion year-on-year.

• Gross profit increased to ¥143.5 billion from ¥124.0 billion year-on-year.

• EPS dropped to ¥-382.56 from ¥0.13 year-on-year.

Outlook and guidance

• Full-year net sales forecast revised to ¥1,650 billion, up 8.8% from previous year.

• Full-year global unit sales forecast revised to 130,000 units, down 0.2% year-on-year.

• Full-year operating income forecast raised to ¥30.0 billion, up ¥10 billion from previous guidance.

• Full-year net loss forecast at ¥220.0 billion, with potential certification-related losses in Canada and Australia not yet included.

• No dividend is planned for the fiscal year.