Hino Motors (7205) Q3 2026 earnings summary

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.