Hino Motors profit surges 165% despite revenue decline

Hino Motors reported a 165.4% increase in Q1 operating profit to 16.9 billion yen and a 279.5% rise in ordinary profit to 20.2 billion yen for fiscal 2026. This was driven by price revisions and fixed cost reductions, despite an 11.4% decrease in net sales to 364.2 billion yen.

The company swung to a profit of 13.6 billion yen attributable to owners, compared to a 222 million yen loss in the prior year. Liabilities decreased largely due to a 97.8 billion yen reduction in provisions for certification-related losses.