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Hino’s Operating Profit May Set Record
Toyota Motor Corp.'s Hino Motors unit doubled its operating earnings year over year to a record-high 43 billion yen ($473 million) in the April-December period, The Nikkei reports.
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Toyota Motor Corp.'s Hino Motors unit doubled its operating earnings year over year to a record-high 43 billion yen ($473 million) in the April-December period, The Nikkei reports.
The newspaper, which doesn't cite its sources, says a weaker yen and lower materials costs helped Hino more than double operating income to roughly 13 billion yen ($143 million) in October-December 2012.
During the nine-month period, the truck unit generated 1.1 trillion yen ($12.1 billion) in revenue, up about 20% from a year earlier, according to The Nikkei. It attributes the gain to Hino's stronger truck sales in Japan and abroad and higher output of passenger vehicles for Toyota.
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