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Hino Motors ( (JP:7205) ) has issued an announcement.
Hino Motors has announced an extraordinary impairment loss of 6,652 million yen due to signs of impairment at its U.S. subsidiary, impacting the fiscal year ending March 31, 2025. Despite this, the company’s ordinary income exceeded forecasts due to reduced foreign exchange losses and increased operating income, while the profit attributable to owners surpassed expectations due to gains from the sale of non-current assets.
More about Hino Motors
Hino Motors, Ltd. is a prominent player in the automotive industry, primarily engaged in the manufacturing and sales of commercial vehicles and diesel engines. The company focuses on delivering high-quality products and services, catering to a global market with a strong emphasis on innovation and sustainability.
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.82B
For a thorough assessment of 7205 stock, go to TipRanks’ Stock Analysis page.