- Hino Motors revised its full-year operating income forecast to 45.00 billion yen, up from a previous forecast of 30.00 billion yen, and above the estimated 35.55 billion yen.
- Despite the rise in operating income forecast, Hino Motors anticipates a net loss of 265.00 billion yen, compared to a loss of 220.00 billion yen previously seen and an estimated loss of 168.17 billion yen.
- Net sales for the year are projected at 1.65 trillion yen, closely aligned with estimates of 1.66 trillion yen, with no dividend payout expected.
- The total sales of trucks and buses in the nine-month period reached 698.51 billion yen, marking a 12% increase year over year.
- Sales of Toyota brand vehicles saw a significant increase of 60% year over year, totaling 90.72 billion yen.
- Service parts sales increased slightly by 2.9% year over year, amounting to 126.58 billion yen.
- In the third quarter, Hino Motors recorded an operating income of 20.97 billion yen, a turnaround from a loss of 2.10 billion yen the previous year, and above the estimated 8.65 billion yen.
- The third-quarter net loss was 45.77 billion yen, compared to a loss of 10.34 billion yen the prior year, when a profit of 2.63 billion yen was expected.
- Net sales in the third quarter increased by 12% year over year to 432.66 billion yen, exceeding the estimate of 404.73 billion yen.
- Hino Motors attributed the revision in operating profit forecast to a weak yen and reduced expenses.
- The company recorded 258.4 billion yen in extraordinary losses related to North American certification issues.
- A foreign exchange loss of approximately 22.3 billion yen was documented as a non-operating expense in the third quarter.
- Domestic sales of trucks and buses rose by 3,200 units (11.8%) year over year due to resumed shipments of large truck models.
- Overseas, truck and bus sales fell by 4,700 units (-6.4%) primarily due to decreased sales in the ASEAN region.
- Sales revenue in Asia decreased by 10.7% attributable to a drop in unit sales, particularly in Thailand.
- Conversely, net sales in North America surged by 17.2%, driven by increased unit sales.
- After accounting for extraordinary losses, the quarterly net loss attributable to owners of the parent was 265.37 billion yen, a significant reduction of 255.10 billion yen year over year.
- Analyst recommendations included 0 buys, 7 holds, and 2 sells for Hino Motors.
A look at Hino Motors Ltd Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 3 | |
Dividend | 1 | |
Growth | 2 | |
Resilience | 2 | |
Momentum | 5 | |
OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Hino Motors Ltd shows a mixed long-term outlook. With a Value score of 3, the company is perceived to have a moderate valuation. However, its Dividend score of 1 indicates a lower dividend performance. In terms of Growth and Resilience, Hino Motors Ltd scored a 2, suggesting limited growth potential and resilience to market challenges. On a positive note, the company scored a solid 5 in Momentum, indicating strong market momentum. Despite some areas of concern, Hino Motors Ltdβs overall outlook is somewhat neutral, with room for improvement in key areas such as dividend performance and growth prospects.
HINO MOTORS, LTD. is known for developing, manufacturing, and marketing diesel buses and trucks. Additionally, the company produces heavy-duty trucks, special purpose vehicles, and diesel engines for various applications. While demonstrating strengths in market momentum, Hino Motors Ltd faces challenges in areas such as dividend performance and growth potential according to the Smartkarma Smart Scores. Investors may want to monitor how the company addresses these aspects to enhance its overall long-term performance in the competitive automotive industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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