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An announcement from Hino Motors ( (JP:7205) ) is now available.
Hino Motors has approved the sale of its entire 2.0% stake in Taiwan-based HOTAI MOTOR CO., LTD. to its parent company Toyota Motor Corporation, a transaction expected to generate approximately ¥30.1 billion in extraordinary income and bolster Hino’s financial position ahead of its planned business integration with Mitsubishi Fuso Truck and Bus Corporation. Because the deal constitutes a transaction with a controlling shareholder, Hino sought oversight from a special committee of independent outside directors, excluded a conflicted director associated with Toyota from deliberations, and engaged external legal advisors, asserting that these governance measures ensure fairness and protect minority shareholders’ interests in line with its stated corporate governance policy.
The most recent analyst rating on (JP:7205) stock is a Hold with a Yen390.00 price target. To see the full list of analyst forecasts on Hino Motors stock, see the JP:7205 Stock Forecast page.
More about Hino Motors
Hino Motors, Ltd. is a Japanese commercial vehicle manufacturer specializing in trucks and buses, with a core focus on serving logistics, transportation, and industrial customers worldwide. The company operates within the broader Toyota Group ecosystem, supplying vehicles and related services while pursuing strategic integrations and partnerships to strengthen its position in the global commercial vehicle market.
Average Trading Volume: 3,680,866
Technical Sentiment Signal: Sell
Current Market Cap: Yen232.5B
For an in-depth examination of 7205 stock, go to TipRanks’ Overview page.