Hino Motors (JP:7205) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Hino Motors, Ltd. has decided to dissolve its subsidiary Shanghai Hino Engine Co., Ltd., citing the unlikely sustainable growth due to the rise of electric vehicles and construction machinery in China. The subsidiary, established in 2003 with Hino Motors holding a 70% stake, will cease manufacturing by the end of September 2024 and will then begin dissolution procedures. The impact of this dissolution on Hino Motors’ financial performance for the fiscal years ending in March 2025 and 2026 is currently under review.
For further insights into JP:7205 stock, check out TipRanks’ Stock Analysis page.
