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HINO MOTORS, Net Income Forecast for the Fiscal Year Revised Upward by 88%

Thu Jan 29, 2026 3:00 pm JST Earnings

7205 HINO MOTORS,LTD. 【J-GAAP】

Earnings Report

HINO MOTORS,LTD. <7205> [TSE Prime] announced its financial results in the afternoon session on January 29th (15:00). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending March 2026 (April to December) turned into a profit of 30.5 billion yen (compared to a loss of 265 billion yen in the same period last year).

In addition, the full-year forecast for consolidated net income has been revised upward 87.5%, from the previous forecast of 40.0 billion yen to 75.0 billion yen (compared to a loss of 217 billion yen in the previous period).

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (second half) is expected to increase 3.0 times, from the previous forecast of 17.4 billion yen to 52.4 billion yen (compared to 1.84 billion yen in the same period of the previous year), increasing the growth rate from 9.5 times to 28 times.

In the most recent three-month period, from October to December (3Q), the consolidated net income/loss turned to a profit of 8.07 billion yen (compared to a loss of 45.7 billion yen in the same period last year). The operating profit margin improved from 4.8% in the same period last year to 6.2%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 1,141,512 4,668 4,063 -10,267 -17.9 Feb 1, 2024 J-GAAP
Apr - Dec, 2024 1,280,207 45,067 19,699 -265,366 -462.3 50.1 Jan 30, 2025 J-GAAP
Apr - Dec, 2025 1,141,237 62,764 55,008 30,580 53.3 78.6 Jan 29, 2026 J-GAAP
YoY -10.9% +39.3% +179.2%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 757,141 26,927 23,459 17,498 30.5 Nov 4, 2025 J-GAAP
Oct - Mar, 2025 New 807,141 36,927 33,459 52,498 91.5 Jan 29, 2026 J-GAAP
Revision Rate +6.6% +37.1% +42.6% +200.0% +200.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,500,000 65,000 60,000 40,000 69.7 Nov 4, 2025 J-GAAP
Mar, 2026 New 1,550,000 75,000 70,000 75,000 130.7 Jan 29, 2026 J-GAAP
Revision Rate +3.3% +15.4% +16.7% +87.5% +87.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 849,683 33,394 19,863 1,845 3.2 0 Apr 24, 2025 J-GAAP
Oct - Mar, 2025 Guidance 807,141 36,927 33,459 52,498 91.5 Jan 29, 2026 J-GAAP
YoY -5.0% +10.6% +68.4% +2,745.4% +2,748.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,516,255 -8,103 -9,233 17,087 29.8 0 Apr 25, 2024 J-GAAP
Mar, 2025 1,697,229 57,490 39,310 -217,753 -379.3 0 Apr 24, 2025 J-GAAP
Mar, 2026 Guidance 1,550,000 75,000 70,000 75,000 130.7 Jan 29, 2026 J-GAAP
YoY -8.7% +30.5% +78.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 432,661 20,971 252 -45,768 -79.7 4.8 Jan 30, 2025 J-GAAP
Jan - Mar, 2025 417,022 12,423 19,611 47,613 82.9 3.0 Apr 24, 2025 J-GAAP
Apr - Jun, 2025 364,244 16,943 20,242 13,554 23.6 4.7 Jul 30, 2025 J-GAAP
Jul - Sep, 2025 378,615 21,130 16,299 8,948 15.6 5.6 Nov 4, 2025 J-GAAP
Oct - Dec, 2025 398,378 24,691 18,467 8,078 14.1 6.2 Jan 29, 2026 J-GAAP
YoY -7.9% +17.7% +7,228.2%

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