Q1 Fiscal Year 2024 HINO

Japan: Sales and profit dropped, due to the decrease of vehicles exported, the worsening of the market of materials, etc.
despite the increase of heavy-duty trucks in Japan.
Asia: Income was unchanged from the previous year, thanks to the improvement of vehicle prices and the expansion of TS,
despite the drop in sales due to the decrease of unit sales.
Other Areas: In North America, profit dropped due to the situation of the market of materials, the inflation of labor costs, etc

Global unit sales: 31,336 vehicles Down 15.4% year on year.

Operating Income: 1.1 billion yen. Down 73.7% year on year. Profit decreased due to the continued skyrocketing of prices of materials and
the temporary augmentation of expenses. We secured a profit, thanks to the increase of heavy-duty trucks in Japan, the
rise in overseas selling prices, and the yen depreciation.