Hino Motors : Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2019

Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2019

[Japanese GAAP] (Consolidated)

English translation from the original Japanese-language document

July 27, 2018

Name of Listed Company:Hino Motors, Ltd.

Stock Listing: Tokyo and NagoyaCode Number: 7205 URL:http://www.hino.co.jp/Representative: Yoshio Shimo, President & CEO

Contact Point: Masashi Ueno, General Manager, Corporate Communications Dept., Public Affairs Div. Phone: [phone]

Scheduled Date of Quarterly Financial Statements Filing: August 1, 2018 Scheduled Date of Dividend Payment Start:―

Supplementary materials for the quarterly financial results: Yes

Investor conference for the quarterly financial results: Yes (For Mass Media and Analysts)

(Amounts are rounded down to the nearest one million yen)

1. Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2019 (April 1, 2018-June 30, 2018)

(1) Consolidated Financial Results (Cumulative)

(% of change from previous year.)

Net sales

Operating income

Ordinary income

Profit attributable to owners of parent

%	%	%	Millions of yen	%
1 Q of FY 2019	467,237	18.8	19,092	18.9	19,473	14.5	12,782	3.7
1 Q of FY 2018	393,334	3.1	16,059	7.9	17,002	28.3	12,323	27.6

Millions of yen

Millions of yen

Millions of yen

(Note) Comprehensive income: 1 Q of FY 2019: ¥ 13,798 million (-14.6%)

1 Q of FY 2018: ¥ 16,161 million (―%)

Profit per share	Diluted profit per share
1 Q of FY 2019 1 Q of FY 2018	Yen22.27 21.48	Yen22.27 21.47

(2) Consolidated Financial Position

Total assets	Net assets	Equity ratio
1 Q of FY 2019 FY 2018	Millions of yen1,260,128 1,286,081	Millions of yen556,107 552,848	%40.2 39.1

(Reference) Equity capital: 1 Q of FY 2019: ¥505,998 million FY 2018: ¥502,365 million

(Note)"Partial revision of Tax Effect Accounting"(Corporate Accounting Standard No.28, February 16, 2018) etc. had been reflected from the beginning of 1Q-FY2019, amount of previous FY is shown as revision reflected amount.

2. Dividends

Dividends per share
1Q	2Q	3Q	Year-end	Annual
FY 2018 FY 2019	Yen― ―	Yen13.00	Yen―	Yen15.00	Yen28.00
FY 2019 (forecast)	14.00	―	14.00	28.00

(Note) Changes from the latest dividend forecast: None

3. Forecasts of Consolidated Financial Results for the Fiscal Year Ending March 31, 2019 (April 1, 2018-March 31, 2019)

(% of change from FY2018.)

Net sales

Operating income

Ordinary incomeFY 2019

Millions of yen1,860,000

%1.2

Millions of yen83,000

%3.3

Millions of yen83,000

%3.2

Millions of yen52,000

Profit attributable to owners of parent

%1.2

Yen90.63

(Note) Changes from the latest financial forecast: None

*Notes

• (1) Changes in significant subsidiaries (changes of specified subsidiaries resulting in changes in scope of consolidation) during the current term: None

• (2) Application of the accounting procedures for producing quarterly consolidated financial statements: None

• (3) Changes in accounting policies, accounting estimates and restatements:

  • 1) Changes in accounting policies due to revisions of accounting standards:

  • 2) Changes in accounting policies due to reasons other than above 1):

  • 3) Changes in accounting estimates:

  • 4) Restatements:

  None None None None

• (4) Number of outstanding shares (common stock)

• 1) Number of outstanding shares (including treasury stock) at end of term

• 2) Number of treasury stock at end of term

• 3) Average number of shares (quarterly consolidated cumulative period)

1 Q of FY 2019	574,580,850 shares	FY 2018	574,580,850 shares
1 Q of FY 2019	612,840 shares	FY 2018	713,542 shares
1 Q of FY 2019	573,928,262 shares	1 Q of FY 2018	573,698,859 shares

*Summary of financial results is out of scope of audit.

*Statement regarding the proper use of financial forecasts and other remarks

• Descriptions regarding the future, including the financial projections contained in this report, are based on certain assumptions currently available to the Company, which are, at the discretion of the Company, deemed reasonable, and the Company gives no guarantees that it will achieve these results. In addition, actual financial results may significantly vary due to various factors.