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Hino Motors
(7205)
Hino Motors (7205) vs. iShares MSCI Japan ETF (EWJ)
Hino Motors Business Overview & Revenue Model
Hino Motors Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.65T | 1.70T | 1.52T | 1.51T | 1.46T | 1.50T |
| Gross Profit | 294.21B | 295.71B | 233.58B | 239.66B | 250.51B | 212.83B |
| EBITDA | -106.41B | -117.73B | 111.18B | -25.44B | 26.32B | 56.98B |
| Net Income | -203.98B | -217.75B | 17.09B | -117.66B | -84.73B | -7.49B |
Balance Sheet | ||||||
| Total Assets | 1.33T | 1.48T | 1.46T | 1.36T | 1.26T | 1.23T |
| Cash, Cash Equivalents and Short-Term Investments | 92.19B | 193.60B | 76.95B | 82.15B | 66.25B | 56.19B |
| Total Debt | 407.64B | 422.47B | 389.68B | 305.78B | 170.99B | 182.14B |
| Total Liabilities | 1.07T | 1.23T | 1.00T | 928.33B | 742.35B | 626.62B |
| Stockholders Equity | 194.41B | 178.47B | 392.05B | 367.91B | 458.17B | 554.25B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -60.86B | -186.21B | -108.06B | 45.21B | 49.41B |
| Operating Cash Flow | 0.00 | 1.13B | -110.41B | -40.80B | 106.71B | 108.43B |
| Investing Cash Flow | 0.00 | -4.60B | 39.24B | -60.26B | -62.18B | -56.21B |
| Financing Cash Flow | 0.00 | 29.74B | 55.64B | 114.21B | -39.15B | -38.41B |
Hino Motors Technical Analysis
Hino Motors Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥49.85T | 13.50 | 12.89% | 2.78% | 6.44% | 11.88% | |
71 Outperform | ¥2.00T | 15.30 | ― | 3.74% | -5.66% | -28.73% | |
66 Neutral | ¥625.65B | 175.71 | -0.65% | 3.33% | -0.87% | -105.50% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | ¥149.81B | 22.07 | ― | 1.29% | 28.98% | ― | |
47 Neutral | ¥1.51T | -1.63 | -16.69% | ― | -3.01% | -755.71% | |
39 Underperform | ¥262.33B | 3.36 | 12.52% | ― | -0.99% | ― |
Hino Motors Corporate Events
Hino Motors, Ltd. said its board has approved the cancellation of all treasury shares it holds immediately before ARCHION Corporation acquires all issued Hino shares on April 1, 2026, via a previously agreed share exchange. The move is a procedural step tied to Hino’s business integration with Mitsubishi Fuso Truck and Bus Corporation, under a broader deal involving parent companies Toyota Motor Corporation and Daimler Truck AG, and will also cover any shares repurchased from dissenting shareholders exercising appraisal rights.
The cancellation will eliminate roughly 0.07% of Hino’s issued shares currently held in treasury, streamlining the capital structure ahead of the integration under holding company ARCHION. While the absolute number of shares is small, the action underscores the finalization of the share exchange framework and marks further progress toward combining Hino and Mitsubishi Fuso’s truck and bus operations, with implications for competitive dynamics in the global commercial vehicle industry.
The most recent analyst rating on (JP:7205) stock is a Sell with a Yen416.00 price target. To see the full list of analyst forecasts on Hino Motors stock, see the JP:7205 Stock Forecast page.
Hino Motors has received a notice from the Japan Fair Trade Commission that it will not issue a cease and desist order against the planned business integration with Mitsubishi Fuso Truck and Bus Corporation, provided certain remedial measures are implemented. With this conditional antitrust clearance secured, Hino, Mitsubishi Fuso, Toyota, and Daimler Truck plan to move forward with preparations to complete the integration on April 1, 2026, a step expected to reshape Japan’s commercial vehicle landscape and strengthen their competitive position.
The most recent analyst rating on (JP:7205) stock is a Sell with a Yen416.00 price target. To see the full list of analyst forecasts on Hino Motors stock, see the JP:7205 Stock Forecast page.
Hino Motors has reported consolidated net sales of ¥1,141.2 billion for the third quarter of the fiscal year ending March 31, 2026, down 10.9% year on year, but delivered a sharp recovery in profitability, with operating income up 39.3% to ¥62.8 billion and ordinary income up 179.2% to ¥55.0 billion, resulting in profit attributable to owners of parent of ¥30.6 billion versus a large loss a year earlier. The company’s equity ratio improved to 15.8% from 12.1%, and while it continues to pay no interim dividends, it has revised its full-year forecast to net sales of ¥1.55 trillion (down 8.7% from the previous year) and profit attributable to owners of parent of ¥75.0 billion, signaling ongoing earnings recovery despite softer top-line growth and suggesting a gradual strengthening of its financial position following prior losses.
The most recent analyst rating on (JP:7205) stock is a Sell with a Yen406.00 price target. To see the full list of analyst forecasts on Hino Motors stock, see the JP:7205 Stock Forecast page.
Hino Motors has announced a change in its representative director as part of a broader reorganization tied to its upcoming business integration with Mitsubishi Fuso Truck and Bus Corporation in April 2026, which will make Hino a wholly owned subsidiary of the newly established ARCHION Corporation. Effective April 1, 2026, Senior Managing Officer and current board member Naoki Sato will become a Representative Director, supporting the transition as President and Representative Director Satoshi Ogiso steps down and Satyakam Arya assumes the presidency, signaling a leadership reshuffle aimed at driving corporate transformation and strengthening Hino’s global business under the new group management structure.
The most recent analyst rating on (JP:7205) stock is a Sell with a Yen369.00 price target. To see the full list of analyst forecasts on Hino Motors stock, see the JP:7205 Stock Forecast page.
Hino Motors has revised upward its full-year earnings forecast for the fiscal year ending March 2026, projecting higher net sales, operating income, ordinary income, and profit attributable to owners of the parent compared with its November guidance. The company now expects net sales of ¥1.55 trillion and profit attributable to owners of the parent of ¥75 billion, a sharp recovery from the previous fiscal year’s large loss, driven by improved pricing in Japan and overseas, the impact of yen depreciation, cost reductions, and an anticipated gain on the sale of investment securities in HOTAI MOTOR CO., LTD., signaling a stronger earnings rebound and improved financial footing for stakeholders.
The most recent analyst rating on (JP:7205) stock is a Sell with a Yen369.00 price target. To see the full list of analyst forecasts on Hino Motors stock, see the JP:7205 Stock Forecast page.
Hino Motors reported consolidated net sales of ¥1,141.2 billion for the third quarter of the fiscal year ending March 31, 2026, a 10.9% decline from the prior-year period, but significantly improved profitability with operating income up 39.3% to ¥62.8 billion and ordinary income up 179.2% to ¥55.0 billion. Profit attributable to owners of the parent swung from a loss of ¥265.4 billion a year earlier to a profit of ¥30.6 billion, while equity capital and the equity ratio also strengthened, lifting net assets to ¥291.8 billion and the equity ratio to 15.8%. Despite this earnings recovery, the company maintained a zero-dividend stance to date in FY2026 and left the full-year dividend forecast undecided, signaling continued balance-sheet prudence. Hino revised its full-year outlook, now projecting FY2026 net sales of ¥1,550.0 billion, down 8.7% year on year, but expecting operating income of ¥75.0 billion and profit attributable to owners of the parent of ¥75.0 billion, underscoring a focus on restoring sustainable profitability even amid softer top-line growth.
The most recent analyst rating on (JP:7205) stock is a Sell with a Yen369.00 price target. To see the full list of analyst forecasts on Hino Motors stock, see the JP:7205 Stock Forecast page.
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.
Hino Motors has reached an in-principle agreement to settle a class action in New Zealand relating to losses allegedly suffered by owners of Hino diesel vehicles due to the company’s historic misconduct. The proposed settlement, covering people who acquired certain Hino diesel vehicles in New Zealand between March 2010 and March 2025, amounts to NZD 10.9 million (about JPY 980 million) and will be recorded as a special loss in the company’s third-quarter fiscal 2026 results, subject to approval by the High Court of New Zealand; while the agreement involves no admission of liability, Hino says the move is intended to avoid prolonged litigation and limit the impact of the dispute on its business and stakeholders, and it will disclose any further financial implications once its analysis is complete.
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.
Hino Motors’ board has approved definitive agreements with ARTS-4 Inc., a SPARX Group–backed vehicle, and SAWAFUJI ELECTRIC under which Hino will not tender its shares in SAWAFUJI ELECTRIC into a takeover bid and SAWAFUJI will instead be taken private and made a wholly owned subsidiary of ARTS-4. The transaction, implemented via share consolidation and a treasury share acquisition following the tender offer, will remove SAWAFUJI ELECTRIC from Hino’s equity-method affiliates, while Hino expects the new ownership structure and SPARX’s support through the Japan Monozukuri Mirai Fund and Toyota Production System know-how to strengthen SAWAFUJI’s production and management systems, accelerate its development of technologies for electrified power sources and fuel cells, and ultimately enhance its corporate value and ability to supply high-quality, cost-competitive products to the Hino group.
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.
Hino Motors has decided to transfer managerial control of six domestic sales subsidiaries—Higashi Hokkaido Hino Motors, Hokkaido Hino Motors, Miyagi Hino Motors, Fukushima Hino Motors, Minami Kanto Hino Motors, and Shizuoka Hino Motors—by selling majority stakes to long-standing partners HO TAI MOTOR of Taiwan and Aichi Hino Motors. The move, aligned with Hino’s planned business integration with Mitsubishi Fuso Truck and Bus Corporation, is intended to preserve competition in sales operations, address potential competition law concerns, and maintain a healthy commercial environment for commercial vehicle customers. Hino expects to book extraordinary income from gains on the sale of shares from April 2026 onward, and aims to reinforce its management base and long‑term competitiveness with the support of these partners, while also considering related real estate transactions for some Minami Kanto Hino Motors locations.
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.