The latest announcement is out from Hino Motors ( (JP:7205) ).
Hino Motors has announced the sale of a portion of its non-current assets, specifically land, to Nomura Real Estate Development Co., Ltd. This decision, approved by the board of directors, aims to enhance asset management efficiency and optimize managerial resources. The transaction will result in an extraordinary income gain, which will be reflected in the company’s financial results for the fourth quarter of the fiscal year ending March 2025. The impact on Hino Motors’ overall earnings forecast is currently under assessment, with potential revisions to be announced if necessary.
More about Hino Motors
Hino Motors, Ltd. operates in the automotive industry, primarily focusing on the manufacturing and sale of trucks, buses, and engines. The company is a key player in the commercial vehicle sector, with a strong market presence in Japan and international markets.
Average Trading Volume: 200
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.8B
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