HINO MOTORS, The Current Fiscal Year Net Income Loss Widened in Downward Revision, 57% Deficit Against Net Assets

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Thu Jan 30, 2025 3:00 pm JST Earnings

7205 HINO MOTORS,LTD. 【J-GAAP】

Earnings Report

HINO MOTORS,LTD. <7205> [TSE Prime] announced its financial results in the afternoon session on January 30th (15:00). The consolidated net loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded to a loss of 265 billion yen (compared to a loss of 10.2 billion yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected loss of 220 billion yen to a loss of 265 billion yen (compared to a profit of 17 billion yen in the previous period), indicating an expansion in the loss margin The deficit amounted to a 57.2% impairment of net assets at the end of the previous fiscal year..

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the October to March period (2H) has been revised downward from an expected loss of 0.4 billion yen to a loss of 45.4 billion yen (compared to a profit of 17 billion yen in the same period of the previous year), indicating an expansion in the loss margin.

In the most recent three-month period, from October to December (3Q), the consolidated net loss expanded to a loss of 45.7 billion yen (compared to a loss of 10.3 billion yen in the same period last year). However, the operating profit/loss margin drastically improved from -0.5% in the same period last year to 4.8%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	1,110,377	25,635	25,093	-23,721	-41.3	158.9	Feb 2, 2023	J-GAAP
Apr - Dec, 2023	1,141,512	4,668	4,063	-10,267	-17.9	ー	Feb 1, 2024	J-GAAP
Apr - Dec, 2024	1,280,207	45,067	19,699	-265,366	-462.3	115.9	Jan 30, 2025	J-GAAP
YoY	+12.2%	+865.4%	+384.8%	-2,484.6%	-2,484.0%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	802,454	5,904	5,553	-402	-0.7	0	Oct 29, 2024	J-GAAP
Oct - Mar, 2024 New	802,454	20,904	-2,447	-45,402	-79.1	0	Jan 30, 2025	J-GAAP
Revision Rate	0.0%	+254.1%	－	-11,194.0%	-11,198.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	1,650,000	30,000	25,000	-220,000	-383.3	0	Oct 29, 2024	J-GAAP
Mar, 2025 New	1,650,000	45,000	17,000	-265,000	-461.6	0	Jan 30, 2025	J-GAAP
Revision Rate	0.0%	+50.0%	-32.0%	-20.5%	-20.5%

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	20,904	-2,447	-45,402	-79.1	0	Jan 30, 2025	J-GAAP
YoY	+5.5%	－	+84.2%	－	－

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	45,000	17,000	-265,000	-461.6	0	Jan 30, 2025	J-GAAP
YoY	+8.8%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
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
Oct - Dec, 2024	432,661	20,971	252	-45,768	-79.7	4.8	Jan 30, 2025	J-GAAP
YoY	+12.1%	－	－	-342.5%	-342.5%