HINO MOTORS,LTD., The Current Fiscal Year's Net Income Turns to Loss, The Undetermined Dividend Continues No The Undetermined Dividend Policy

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Tue Oct 29, 2024 3:00 pm JST Earnings

7205 HINO MOTORS,LTD. 【J-GAAP】

Earnings Report

HINO MOTORS,LTD. <7205> [TSE-P] announced its financial results after the market closed on October 29th (15:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 219 billion yen (compared to a profit of 76 million yen in the same period last year).

In addition, the consolidated net income/loss for the full year will turn into a deficit of loss of 220 billion yen (compared to a profit of 17 billion yen in the previous period).

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income/loss for the October to March period (second half) is expected to turn into a loss of 402 million yen (compared to a profit of 17 billion yen in the same period last year).

At the same time, the company has decided to forego the year-end lump-sum dividend for the current fiscal year, which had previously been undecided (compared to no dividend in the prior term), and the policy has been set to continue with no dividends.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 219 billion yen (compared to a profit of 16.6 billion yen in the same period last year). However, the operating profit margin improved from 1.5% in the same period last year to 4.1%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	733,359	16,615	20,548	3,478	6.1	130.2	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	755,388	6,766	6,291	76	0.1	ー	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	847,546	24,096	19,447	-219,598	-382.6	77.8	Oct 29, 2024	J-GAAP
YoY	+12.2%	+256.1%	+209.1%	－	－

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	－	Apr 25, 2024	J-GAAP
Apr - Sep, 2024 Results	847,546	24,096	19,447	-219,598	-382.6	0	Oct 29, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	1,600,000	20,000	10,000	ー	－	－	Apr 25, 2024	J-GAAP
Mar, 2025 New	1,650,000	30,000	25,000	-220,000	-383.3	0	Oct 29, 2024	J-GAAP
Revision Rate	+3.1%	+50.0%	+150.0%	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	760,867	-14,869	-15,524	17,011	29.6	0	Apr 25, 2024	J-GAAP
Oct - Mar, 2024 Guidance	802,454	5,904	5,553	-402	-0.7	0	Oct 29, 2024	J-GAAP
YoY	+5.5%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,507,336	17,406	15,787	-117,664	-205.0	0	Apr 26, 2023	J-GAAP
Mar, 2024	1,516,255	-8,103	-9,233	17,087	29.8	0	Apr 25, 2024	J-GAAP
Mar, 2025 Guidance	1,650,000	30,000	25,000	-220,000	-383.3	0	Oct 29, 2024	J-GAAP
YoY	+8.8%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	383,474	5,632	3,433	16,600	28.4	1.5	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	386,124	-2,098	-2,228	-10,343	-18.0	-0.5	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	374,743	-12,771	-13,296	27,354	47.7	-3.4	Apr 25, 2024	J-GAAP
Apr - Jun, 2024	411,060	6,383	5,334	-222	-0.4	1.6	Jul 25, 2024	J-GAAP
Jul - Sep, 2024	436,486	17,713	14,113	-219,376	-382.2	4.1	Oct 29, 2024	J-GAAP
YoY	+13.8%	+214.5%	+311.1%	－	－