{
  "id": 16136685,
  "title": "Hinopak Motors Limited",
  "url": "https://urgent.news/2026/10/23/hinopak-motors-limited",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-23T00:47:19.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40445486/hinopak-motors-limited"
  },
  "original_language": "en",
  "account": "Hinopak Motors Limited (HINO) is a public limited company based in Pakistan, established in 1986. HINO is a subsidiary of Hino Motors Limited in Japan and operates under the overall control of Toyota Motors Corporation in Japan. As of March 31, 2026, HINO had a total of 24.801 million shares outstanding, held by 2836 shareholders. The majority stake of 59.67 percent is held by Hino Motors Limited, followed by 29.83 percent shares owned by Toyota Tsusho Corporation Japan, 6.58 percent by the local general public, and 3.36 percent by NIT & ICP. The remaining shares are distributed among other categories of shareholders.\n\nHINO's financial performance has shown mixed results since 2021, with growth in top-line revenue in most years except 2021 and 2024. In 2021, the company experienced a 30.77 percent year-on-year decline in net sales to Rs.9132.18 million due to a contracting automobile market. Despite this, HINO managed to post a gross profit of Rs.687.37 million, resulting in an operating profit of Rs.70.60 million and an operating profit margin of 0.77 percent.\n\nIn 2022, HINO saw a 37.22 percent increase in net sales to Rs.12,530.89 million, driven by both increased sales volume and price hikes. The company's gross profit margin reached 9.65 percent, and operating profit grew by 844.17 percent, resulting in an operating profit margin of 5.32 percent. Additionally, short-term borrowings were paid off in 2021, leading to a significant reduction in finance costs. In 2022, HINO achieved a net profit of Rs.417.13 million and an EPS of Rs.16.82.",
  "summary": "Hinopak Motors Limited (PSX: HINO) was incorporated as a public limited company in Pakistan in 1986. The company is engaged in the assembly, progressive manufacturing and sale of Hino buses and trucks as well as sale of its spare parts and accessories. HINO is the subsidiary of Hino Motors Limited Japan. The ultimate parent company of HINO is Toyota Motors Corporation Japan. Pattern of…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}