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An update from Hino Motors ( (JP:7205) ) is now available.
Hino Motors has announced significant financial adjustments due to foreign exchange losses and extraordinary losses related to engine certification issues in North America. These adjustments include a foreign exchange loss of 22,276 million yen and an extraordinary loss of 258,413 million yen. The company has revised its earnings forecast for the fiscal year ending March 2025, with operating income expected to exceed previous forecasts due to cost reductions and yen depreciation, despite a decrease in unit sales. However, ordinary income and profit attributable to owners have been revised downward, reflecting the financial impacts of the certification issues and related legal settlements.
More about Hino Motors
Hino Motors, Ltd. operates in the automotive industry, primarily manufacturing commercial vehicles such as trucks and buses. The company focuses on providing reliable transportation solutions and has a significant market presence, especially in North America.
YTD Price Performance: 41.54%
Average Trading Volume: 200
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2.11B
Learn more about 7205 stock on TipRanks’ Stock Analysis page.
