A novel hot extrusion method to fabricate anisotropic nanocrystalline SmCo 5 magnet was investigated. The results indicate that the hot-extruded (HE) SmCo 5 magnet obtains a strong $c$ -axis texture in perpendicular to the extrusion direction, but the texture strength is clearly different in different regions. The deformation degree plays a key role in the formation of $c$ -axis crystallographic texture and magnetic anisotropy. In surface region of the HE magnet, the deformation degree of grains is the biggest, and the $c$ -axis texture and remanence are the strongest. Furthermore, deformation mechanism of the HE SmCo 5 magnet was preliminarily discussed.