Hino Motors has raised its group earnings estimates for the fiscal year ending 31 March, 2014 due to brisk demand in Japan and emerging Asian markets such as Thailand.

The Toyota Motor truck and bus unit now expects a net profit of JPY72bn, up 51% from the previous year, on sales of JPY1.68 trillion, up 9.0%, Kyodo News reported.

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Operating profit is estimated at JPY100bn, up 53.6%.

Hino previously forecast a net profit of JPY60bn, sales of JPY1.62 trillion and an operating profit of JPY85bn.

For the April-September first half, the company reported a 113.4% jump in consolidated net profit to JPY39.57bn and a 12.1% rise in sales to JPY835.37bn.

It also saw a 103.5% surge in operating profit to JPY60.49bn.

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