Hino Motors ( (HINOF) ) has released its Q3 earnings. Here is a breakdown of the information Hino Motors presented to its investors.
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Hino Motors, Ltd. is a leading Japanese manufacturer of commercial vehicles and diesel engines, primarily known for producing trucks and buses. The company operates in the automotive sector and is listed on the Tokyo and Nagoya stock exchanges.
In the latest earnings report for the third quarter of the fiscal year ending March 31, 2025, Hino Motors presented a mixed performance with notable improvements in revenue and operating income, but reported a significant loss attributable to the owners. The report highlighted a substantial increase in net sales by 12.2% compared to the same period last year, reaching ¥1,280,207 million.
Key financial metrics showed a remarkable surge in operating income, which rose by 865.3% to ¥45,067 million, and ordinary income that increased by 384.8% to ¥19,699 million. However, the company reported a significant loss of ¥265,366 million attributable to the owners of the parent, indicating ongoing challenges. The equity ratio also declined to 9.1% from 26.8% in the previous year, reflecting a decrease in net assets.
Looking forward, Hino Motors has adjusted its financial forecasts for the fiscal year ending March 31, 2025, projecting net sales of ¥1,650,000 million and maintaining its operating income forecast at ¥45,000 million. Despite the current setbacks, the management remains committed to improving the company’s financial health and operational efficiency in the coming quarters.
