HINO MOTORS, LTD. announced its results for the third quarter of the fiscal year ending March 2026. Although revenue declined year on year, operating profit, ordinary profit and quarterly net income attributable to owners of the parent increased substantially, indicating signs of a recovery in performance.
HINO MOTORS, LTD. announced its results for the third quarter of the fiscal year ending March 2026. Although revenue declined year on year, operating profit rose 39.3% to ¥62.764 billion, ordinary profit rose 179.2% to ¥55.008 billion, and quarterly net income improved substantially to ¥30.58 billion.
Performance has been trending upward over the past 12 quarters, with both the net profit margin and operating profit margin recovering year on year. The equity ratio and EPS have also improved, indicating signs of a recovery in performance.
Key points to monitor going forward include pricing improvements, fixed-cost efficiencies and an increase in SUVs supplied to Toyota, while prolonged supply constraints and certification-related costs have been identified as risks. Other factors supporting the stabilization of the earnings structure include resilient sales of service parts and the securing of funds through asset sales.
The factor analysis updated on 26 March 2026 listed factors supporting medium- to long-term growth alongside risk factors, with 7 positive factors and 7 risk factors identified in the overall assessment.