Hotai Motor (2207) Q2 2026 earnings summary

Executive summary

• H1 revenue was NT$160.9bn and profit NT$13.8bn, up from NT$141.6bn and NT$9.7bn; results benefited from positive fair-value gains and the Japanese Hino dealer acquisition.

• The interim review conclusion was qualified because certain subsidiaries and equity-method investments were not independently reviewed.

Financial highlights

• Q2 revenue was NT$89.6bn vs NT$68.5bn YoY; profit was NT$8.5bn vs NT$5.0bn, and basic EPS was NT$13.62 vs NT$7.35.

• H1 basic EPS rose to NT$21.57 from NT$14.49; FVTPL gains were NT$2.47bn vs NT$1.23bn in losses a year earlier.

• H1 operating cash flow was NT$24.8bn vs NT$27.9bn; investing used NT$21.1bn, including NT$11.6bn for property and equipment and NT$5.1bn for subsidiary acquisitions.

• July consolidated revenue reached NT$30,043m, up 115.89% YoY; market share was 43.1%, up 3.0% YoY.

Segment performance

• H1 Toyota and Hino distribution revenue / pre-tax income was NT$84.3bn / NT$13.8bn; installment trading recorded NT$9.3bn / NT$2.5bn.

• Leasing recorded NT$17.1bn external revenue and NT$0.7bn pre-tax income; property insurance recorded NT$10.9bn and NT$3.4bn, respectively.

• Overseas sales agents generated NT$9.4bn external revenue and a NT$0.2bn pre-tax loss; other segments recorded NT$29.9bn revenue and NT$4.1bn pre-tax income.

• H1 insurance investment income before tax increased by NT$3,050m; Hino held over 30% of Taiwan's commercial-vehicle market and 25% of Japan's medium- and large-truck segment.