Announcement • Mar 28
Hino Motors, Ltd. announced that it has received ¥200.000000256 billion in funding from Toyota Motor Corporation On March 27, 2026. Hino Motors, Ltd. announced that it has closed the transaction. Announcement • Mar 23
Hino Motors, Ltd.(TSE:7205) dropped from FTSE All-World Index (USD) Hino Motors, Ltd.(TSE:7205) dropped from FTSE All-World Index (USD) Announcement • Mar 04
Hino Motors, Ltd. to Be Delisted from Prime Market Segment of the Tokyo Stock Exchange Effective from March 30, 2026 Hino Motors, Ltd. will be delisted from Prime Market Segment of the Tokyo Stock Exchange effective from March 30, 2026 due to becoming a wholly owned subsidiary of ARCHION Corporation(Stock Swap). Major Estimate Revision • Feb 05
Consensus EPS estimates increase by 59% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥58.59 to JP¥93.31. Revenue forecast steady at JP¥1.56t. Net income forecast to shrink 36% next year vs 11% growth forecast for Machinery industry in Japan . Consensus price target up from JP¥391 to JP¥426. Share price rose 12% to JP¥465 over the past week. New Risk • Feb 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 9.8% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. Reported Earnings • Jan 30
Third quarter 2026 earnings: EPS misses analyst expectations Third quarter 2026 results: EPS: JP¥14.07 (up from JP¥79.73 loss in 3Q 2025). Revenue: JP¥398.4b (down 7.9% from 3Q 2025). Net income: JP¥8.08b (up JP¥53.8b from 3Q 2025). Profit margin: 2.0% (up from net loss in 3Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 45%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Dec 26
Hino Motors, Ltd. to Report Q3, 2026 Results on Jan 29, 2026 Hino Motors, Ltd. announced that they will report Q3, 2026 results on Jan 29, 2026 Major Estimate Revision • Nov 29
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥65.25 to JP¥58.15 per share. Revenue forecast steady at JP¥1.57t. Net income forecast to grow 59% next year vs 9.0% growth forecast for Machinery industry in Japan. Consensus price target of JP¥400 unchanged from last update. Share price was steady at JP¥393 over the past week. New Risk • Nov 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 0.3% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Announcement • Sep 26
Hino Motors, Ltd. to Report Q2, 2026 Results on Nov 04, 2025 Hino Motors, Ltd. announced that they will report Q2, 2026 results on Nov 04, 2025 Reported Earnings • Jul 31
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: JP¥23.61 (up from JP¥0.39 loss in 1Q 2025). Revenue: JP¥364.2b (down 11% from 1Q 2025). Net income: JP¥13.6b (up JP¥13.8b from 1Q 2025). Profit margin: 3.7% (up from net loss in 1Q 2025). Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) exceeded analyst estimates by 179%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jul 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to JP¥386. The fair value is estimated to be JP¥490, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jun 30
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: JP¥379 loss per share (down from JP¥29.77 profit in FY 2024). Revenue: JP¥1.70t (up 12% from FY 2024). Net loss: JP¥217.8b (down JP¥234.8b from profit in FY 2024). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 20% per year. Announcement • Jun 26
Hino Motors, Ltd. to Report Q1, 2026 Results on Jul 30, 2025 Hino Motors, Ltd. announced that they will report Q1, 2026 results on Jul 30, 2025 New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Jun 10
Hino Motors, Ltd. announced that it expects to receive ¥200.000000256 billion in funding from Toyota Motor Corporation Hino Motors, Ltd announced a private placement to issue 270,915,798 Common shares at a price of ¥448 per share for aggregate proceeds of ¥121,370,277,504 and 175,512,774 Class A shares at a price of ¥448 for aggregate proceeds of ¥78,629,722,752, and total gross proceeds of ¥200,000,000,256 on June 10, 2025. The amount of increase in Capital and Capital reserve amounts to ¥39,314,861,376. The transaction is expected to close between March 27, 2026 and September 26, 2026. The estimated cost of issuance for common Shares is ¥434,795,971 and ¥285,204,029 for Class A shares amounting to a total issuance cost of ¥720,000,000 which includes registration tax and attorney fees. The transaction will include Participation from Toyota Motor Corporation. The transaction has been approved by the Board of Directors of the company. Price Target Changed • May 13
Price target increased by 7.3% to JP¥439 Up from JP¥409, the current price target is an average from 8 analysts. New target price is 6.7% below last closing price of JP¥470. Stock is up 0.09% over the past year. The company is forecast to post earnings per share of JP¥45.95 next year compared to a net loss per share of JP¥379 last year. Reported Earnings • Apr 25
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: JP¥379 loss per share (down from JP¥29.77 profit in FY 2024). Revenue: JP¥1.70t (up 12% from FY 2024). Net loss: JP¥217.8b (down JP¥234.8b from profit in FY 2024). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 07
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 37% to JP¥351. The fair value is estimated to be JP¥484, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 5.6% in a year. Earnings are forecast to grow by 82% in the next year. Announcement • Mar 31
Hino Motors, Ltd. Announces Notice of A Legal Claim Filed in New Zealand HINO MOTORS, LTD. (Hino) hereby announces that a legal claim (Claim) has been filed naming Hino as a defendant in the High Court of New Zealand on March 3, 2025 (local time). The Statement of Claim was served on Hino on March 28, 2025. The Plaintiffs have filed the Claim naming Hino as one of defendants in representative proceedings on behalf of customers who at any time during the period from and including March 4, 2010 until and including March 3, 2025 acquired, purchased, exchanged or leased certain Hino vehicles fitted with a diesel engine manufactured by Hino with a build date from and including January 1, 2003 to and including August 22, 2022. The Plaintiffs allege that they suffered loss resulting from misleading or deceptive conduct. Plaintiffs: Sillsco Limited (Auckland, New Zealand), EPG Davis Holding Company Limited (Hawkes Bay, New Zealand) and Ian Wildman Carriers Limited (Auckland, New Zealand). The Plaintiffs are claiming damages and other remedies against Hino. The Statement of Claim does not state the amount that the Plaintiffs seek to recover. Hino will take appropriate measures to defend itself after reviewing the Plaintiffs' claims. Hino cannot rule out that other similar types of proceedings may be filed against Hino in the future. At the present time, it is difficult to reasonably calculate the impact of the Claim on our business performance. We will promptly announce any matters that should be disclosed as and when they arise in the future. Announcement • Mar 26
Hino Motors, Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2025 Hino Motors, Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2025 New Risk • Mar 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (7.5% average weekly change). Announcement • Feb 25
Hino Motors, Ltd., Hino Motors Manufacturing U.S.A., Inc., Hino Motors Sales U.S.A., Inc., and Hino Motors Canada, Ltd Announce $55 Million Class Action Settlement $55 million settlement agreement has been reached in class action lawsuits in Quebec and British Columbia against Hino Motors, Ltd., Hino Motors Manufacturing U.S.A., Inc., Hino Motors Sales U.S.A., Inc., and Hino Motors Canada, Ltd. ("Hino"). The claim period is now open. The class actions allege that the emission levels in certain Hino trucks were misrepresented and exceed regulatory limits. The settlement does not involve a finding or admission of liability. The class consists of any person who purchased or leased an on-road vehicle equipped with a Hino model year 2010-2019 engine that was sold or leased in Canada before February 25, 2025, excluding entities affiliated with Hino. Eligible Hino truck models include most or all: Hino 155 (2012-2020) - - Hino 198 (2011-2013) - Hino 268 (2011-2020) - Hino 165 (2013-2020) - Hino 238 (2011-2020) - Hino 338 (2011-2020) - Hino 195 (2012-2020) - Hino 258 (2011-2020) - Hino L series (2021). If approved by the courts, the settlement agreement will provide a minimum recovery of $1,500 per eligible Hino truck. That amount will be split with 60% being allocated to the owner who initially purchased the truck new, and the remaining 40% being divided evenly between the other owners that submit a valid claim for that same truck. The settlement agreement will also provide additional warranty protections for class members. The settlement agreement requires approval from the courts in Quebec and British Columbia. If the settlement agreement is approved, the class action lawsuits will be fully resolved and the settlement funds will be distributed to class members. The settlement approval hearing dates are scheduled for May 6, 2025 in Vancouver, British Columbia and May 20, 2025 in Montreal, Quebec. Those who purchased or leased an eligible Hino truck must file a claim to be considered for compensation. While claims will not be paid unless the settlement agreement is approved by both the Quebec and British Columbia courts, class members can file their claims now. The deadline for filing claims is September 2, 2025. Class members may be required to prove their identity and their ownership of an eligible vehicle to obtain compensation. Major Estimate Revision • Feb 06
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -JP¥349 to -JP¥390 per share. Revenue forecast unchanged at JP¥1.66t. Machinery industry in Japan expected to see average net income growth of 15% next year. Consensus price target broadly unchanged at JP¥416. Share price fell 17% to JP¥485 over the past week. Reported Earnings • Jan 31
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: JP¥79.73 loss per share (further deteriorated from JP¥18.02 loss in 3Q 2024). Revenue: JP¥432.7b (up 12% from 3Q 2024). Net loss: JP¥45.8b (loss widened 343% from 3Q 2024). Revenue exceeded analyst estimates by 8.2%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 22% per year. New Risk • Jan 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Share price has been highly volatile over the past 3 months (7.6% average weekly change). Announcement • Jan 05
Hino Motors, Ltd. to Report Q3, 2025 Results on Jan 30, 2025 Hino Motors, Ltd. announced that they will report Q3, 2025 results on Jan 30, 2025 New Risk • Nov 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change). Reported Earnings • Oct 31
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: JP¥382 loss per share (down from JP¥28.92 profit in 2Q 2024). Revenue: JP¥436.5b (up 14% from 2Q 2024). Net loss: JP¥219.4b (down JP¥236.0b from profit in 2Q 2024). Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Price Target Changed • Oct 30
Price target decreased by 8.1% to JP¥439 Down from JP¥478, the current price target is an average from 9 analysts. New target price is 8.1% above last closing price of JP¥406. Stock is down 6.1% over the past year. The company is forecast to post earnings per share of JP¥5.71 for next year compared to JP¥29.77 last year. Major Estimate Revision • Oct 18
Consensus EPS estimates fall by 21% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥5.54 to JP¥4.37 per share. Revenue forecast steady at JP¥1.65t. Net income forecast to shrink 75% next year vs 11% growth forecast for Machinery industry in Japan . Consensus price target of JP¥452 unchanged from last update. Share price was steady at JP¥465 over the past week. Buy Or Sell Opportunity • Oct 15
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 4.8% to JP¥465. The fair value is estimated to be JP¥386, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Buy Or Sell Opportunity • Sep 27
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to JP¥491. The fair value is estimated to be JP¥390, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Buy Or Sell Opportunity • Sep 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.0% to JP¥397. The fair value is estimated to be JP¥498, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Major Estimate Revision • Aug 23
Consensus EPS estimates increase by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥1.61t to JP¥1.64t. EPS estimate increased from JP¥17.84 to JP¥21.63 per share. Net income forecast to shrink 71% next year vs 12% growth forecast for Machinery industry in Japan . Consensus price target of JP¥452 unchanged from last update. Share price was steady at JP¥456 over the past week. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥491, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Machinery industry in Japan. Total loss to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥481 per share. Reported Earnings • Jul 27
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: JP¥0.39 loss per share (improved from JP¥28.79 loss in 1Q 2024). Revenue: JP¥411.1b (up 11% from 1Q 2024). Net loss: JP¥222.0m (loss narrowed 99% from 1Q 2024). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. New Risk • Jul 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (29% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (5.2% average weekly change). Major Estimate Revision • Jul 26
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥12.35 to JP¥14.20. Revenue forecast steady at JP¥1.62t. Net income forecast to shrink 52% next year vs 13% growth forecast for Machinery industry in Japan . Consensus price target of JP¥452 unchanged from last update. Share price rose 3.8% to JP¥453 over the past week. Buy Or Sell Opportunity • Jul 26
Now 29% overvalued The stock has been flat over the last 90 days, currently trading at JP¥453. The fair value is estimated to be JP¥350, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 28% per annum over the same time period. Major Estimate Revision • Jul 12
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥11.05 to JP¥12.35. Revenue forecast steady at JP¥1.62t. Net income forecast to shrink 66% next year vs 13% growth forecast for Machinery industry in Japan . Consensus price target of JP¥452 unchanged from last update. Share price rose 2.1% to JP¥434 over the past week. Announcement • Jun 27
Hino Motors, Ltd. to Report Q1, 2025 Results on Jul 25, 2024 Hino Motors, Ltd. announced that they will report Q1, 2025 results on Jul 25, 2024 Major Estimate Revision • Jun 06
Consensus EPS estimates fall by 28% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥15.71 to JP¥11.26 per share. Revenue forecast steady at JP¥1.62t. Net income forecast to shrink 68% next year vs 11% growth forecast for Machinery industry in Japan . Consensus price target of JP¥478 unchanged from last update. Share price was steady at JP¥435 over the past week. New Risk • May 25
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (29% accrual ratio). Buy Or Sell Opportunity • May 14
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 3.8% to JP¥470. The fair value is estimated to be JP¥384, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 29% per annum over the same time period. Major Estimate Revision • May 10
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥17.80 to JP¥15.89 per share. Revenue forecast steady at JP¥1.64t. Net income forecast to shrink 47% next year vs 5.1% growth forecast for Machinery industry in Japan . Consensus price target broadly unchanged at JP¥486. Share price rose 2.7% to JP¥463 over the past week. Announcement • Apr 28
Hino Motors, Ltd., Annual General Meeting, Jun 26, 2024 Hino Motors, Ltd., Annual General Meeting, Jun 26, 2024. Announcement • Apr 27
Hino Motors, Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025 Hino Motors, Ltd. provided consolidated earnings guidance for the Fiscal Year Ending March 31, 2025. For the year, the company expects Net sales of JPY 1,600,000 million, Operating income of JPY 20,000 million. Reported Earnings • Apr 26
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥29.77 (up from JP¥205 loss in FY 2023). Revenue: JP¥1.52t (flat on FY 2023). Net income: JP¥17.1b (up JP¥134.8b from FY 2023). Profit margin: 1.1% (up from net loss in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Mar 27
Hino Motors, Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2024 Hino Motors, Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2024 Price Target Changed • Feb 07
Price target decreased by 7.8% to JP¥506 Down from JP¥549, the current price target is an average from 10 analysts. New target price is 8.6% above last closing price of JP¥466. Stock is down 15% over the past year. The company is forecast to post a net loss per share of JP¥38.01 next year compared to a net loss per share of JP¥205 last year. Reported Earnings • Feb 03
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: JP¥18.02 loss per share (improved from JP¥47.38 loss in 3Q 2023). Revenue: JP¥386.1b (up 2.4% from 3Q 2023). Net loss: JP¥10.3b (loss narrowed 62% from 3Q 2023). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Announcement • Dec 27
Hino Motors, Ltd. to Report Q3, 2024 Results on Feb 01, 2024 Hino Motors, Ltd. announced that they will report Q3, 2024 results on Feb 01, 2024 New Risk • Oct 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change). Price Target Changed • Oct 30
Price target decreased by 7.1% to JP¥582 Down from JP¥627, the current price target is an average from 9 analysts. New target price is 34% above last closing price of JP¥435. Stock is down 30% over the past year. The company is forecast to post earnings per share of JP¥20.02 next year compared to a net loss per share of JP¥205 last year. Announcement • Oct 28
Hino Motors, Ltd. Announces Notice of Lawsuit Filed in Canada Against Hino and Its Subsidiaries in the U.S. and Canada HINO MOTORS, LTD. (Hino) announced that a lawsuit (Lawsuit) has been filed naming Hino and subsidiary HINO MOTORS MANUFACTURING U.S.A., Inc. (HMM), HINO MOTORS SALES U.S.A., Inc. (HMS), and HINO MOTORS CANADA LTD. (HMC) (hereinafter Hino, HMM, HMS, and HMC collectively referred to as the Company), and parent company, TOYOTA MOTOR CORPORATION (Toyota) and its subsidiary, TOYOTA CANADA INC. (TC), as defendants in the Supreme Court of British Columbia, Canada on October 19, 2023 (local time). The statement of claim has not yet been served on Hino. Hino was informed about the claim by its U.S. subsidiary, to which Hino understands that Plaintiff delivered a copy of their claim. The Plaintiff has filed the Lawsuit naming the Company as defendants in a putative class action lawsuit on behalf of those who purchased or leased Hino's all model year 2004-2021 vehicles sold in Canada, claiming that class members have suffered damages due to alleged historical misconduct. Plaintiff: EZ Junk Ltd. (British Columbia, Canada).Under the statement of claim filed, the Plaintiff is claiming damages, punitive damages and other remedies against the Company. The statement of claim does not state the amount that the Plaintiff seeks to recover. Future Outlook: Hino will take appropriate measures to defend itself after reviewing the Plaintiff's claims once the statement of claim is duly served. Hino cannot rule out that other similar types of lawsuits may be filed against Hino, subsidiaries or affiliates in the future. At the present time, it is difficult to reasonably calculate the impact of the Lawsuit on business performance. Company will promptly announce any matters that should be disclosed as and when they arise in the future. Announcement • Oct 26
Hino Motors, Ltd. Provides Update on Lawsuit Hino Motors, Ltd. (Hino) announced that, with respect to a lawsuit filed against Hino and Hino Motors Manufacturing U.S.A., Inc. and Hino Motors Sales U.S.A., Inc. in the United States District Court for the Southern District of Florida (the Lawsuit) details of which were disclosed on August 12, 2022, the Company executed a settlement agreement (the Settlement) with the Plaintiffs on October 25, 2023. The Plaintiffs filed a putative class action lawsuit against the Company, claiming that the Plaintiffs suffered damages due to the Company's alleged historical misconduct. Hino decided to agree to the Settlement, which will resolve the Lawsuit in its entirety, in order to minimize the impact that the Lawsuit may have on Hino's business. Hino considered various factors in making its decision, including the potential impact of a long and drawn out litigation. Individuals who purchased or leased on-road vehicles sold or leased in the United States with a Hino engine from engine Model Year 2010 through and including engine Model Year 2019. Settlement Amount: USD 237.5 million (approximately JPY 35 billion). Note that the Settlement is subject to approval by the United States District Court for the Southern District of Florida. The Settlement Amount will be recorded as a special loss in Hino's financial results for the second quarter of fiscal year 2023. Hino is currently analyzing the impact of the Settlement on its business and, once the analysis is complete, it will promptly make an announcement. Although the Settlement involves no finding or admission that the Plaintiffs' claims have merit, Hino believes this resolution to be in the best interest of the Company and its stakeholders. Announcement • Sep 27
Hino Motors, Ltd. to Report Q2, 2024 Results on Oct 27, 2023 Hino Motors, Ltd. announced that they will report Q2, 2024 results on Oct 27, 2023 New Risk • Jul 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (5.6% average weekly change). Reported Earnings • Jul 28
First quarter 2024 earnings released: JP¥28.79 loss per share (vs JP¥1.26 profit in 1Q 2023) First quarter 2024 results: JP¥28.79 loss per share (down from JP¥1.26 profit in 1Q 2023). Revenue: JP¥371.9b (up 4.5% from 1Q 2023). Net loss: JP¥16.5b (down JP¥17.2b from profit in 1Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Announcement • Jun 26
Hino Motors, Ltd. to Report Q1, 2024 Results on Jul 27, 2023 Hino Motors, Ltd. announced that they will report Q1, 2024 results on Jul 27, 2023 Announcement • Jun 01
Hino Motors, Ltd. (TSE:7205) concluded a Memorandum of Understanding to acquire Mitsubishi Fuso Truck and Bus Corporation from group of sellers. Hino Motors, Ltd. (TSE:7205) concluded a Memorandum of Understanding to acquire Mitsubishi Fuso Truck and Bus Corporation from group of sellers on May 30, 2023. The sellers in the transaction are Daimler Truck AG, MUFG Bank, Ltd, Mitsubishi Heavy Industries Ltd, Mitsubishi Corporation, Tokio Marine & Nichido Fire Insurance Co., Ltd, Meiji Yasuda Life Insurance, Mitsubishi UFJ Trust and Banking Corporation, AGC Inc.,Nippon Yusen Kabushiki Kaisha, Mitsubishi Electric Corporation and Mitsubishi Materials Corporation. signing of definitive agreements is expected to happen in the first quarter of 2024.Mitsubishi Fuso Truck and Bus Corporation reported Net sales of ¥699.3 billion, Total assets worth ¥504.9 billion, Total common equity worth ¥243.8 billion and EBIT of ¥17.9 million in December 31, 2023. The transaction is expected to by the end of 2024. Reported Earnings • Apr 28
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: JP¥205 loss per share (further deteriorated from JP¥148 loss in FY 2022). Revenue: JP¥1.51t (up 3.3% from FY 2022). Net loss: JP¥117.7b (loss widened 39% from FY 2022). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 8.2%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Apr 26
Consensus EPS estimates fall from profit to JP¥6.28 loss, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from JP¥1.61t to JP¥1.69t. Now expected to report loss of -JP¥6.28 instead of JP¥4.79 per share profit. Machinery industry in Japan expected to see average net income growth of 2.9% next year. Consensus price target of JP¥597 unchanged from last update. Share price was steady at JP¥551 over the past week. Major Estimate Revision • Mar 30
Consensus EPS estimates fall by 20%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from JP¥1.50t to JP¥1.53t. Forecast EPS reduced from -JP¥185 to -JP¥222 per share. Machinery industry in Japan expected to see average net income growth of 5.6% next year. Consensus price target of JP¥614 unchanged from last update. Share price rose 3.6% to JP¥546 over the past week. Major Estimate Revision • Mar 04
Consensus EPS estimates upgraded to JP¥185 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -JP¥215 to -JP¥185 per share. Revenue forecast steady at JP¥1.50t. Machinery industry in Japan expected to see average net income growth of 6.5% next year. Consensus price target broadly unchanged at JP¥614. Share price was steady at JP¥564 over the past week. Reported Earnings • Feb 03
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: JP¥47.38 loss per share (down from JP¥12.33 profit in 3Q 2022). Revenue: JP¥377.0b (flat on 3Q 2022). Net loss: JP¥27.2b (down 484% from profit in 3Q 2022). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.