＜Summary＞ Consolidated Financial Results（2P | 459.4 KB）

Financial Results for the Second Quarter of the Fiscal Year Ending March 31, 2022 [Japanese GAAP] (Consolidated)

English translation from the original Japanese-language document

			October 28, 2021
Name of Listed Company:	Hino Motors, Ltd.	Stock Listing: Tokyo and Nagoya
Code Number:	7205	URL: https://www.hino.co.jp/
Representative:	Satoshi Ogiso, President, Member of the Board
Contact Point:	Hiroshi Hashimoto, Operating Officer, Public Affairs Dept.
	Phone: [phone]

Scheduled Date of Quarterly Financial Statements Filing: November 5, 2021

Scheduled Date of Dividend Payment Start: November 29, 2021

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 Second Quarter of the Fiscal Year Ending March 31, 2022 (April 1, 2021-September 30, 2021)

(1) Consolidated Financial Results (Cumulative)			(% of change from the same quarter of the previous year)
	Net sales		Operating income	Ordinary income	Profit attributable to
		owners of parent
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
2Q of FY 2022	689,385	－	31,812	－	32,235	－	11,756	－
2Q of FY 2021	666,279	-29.6	-11,671	－	-12,819	－	-9,624	－

(Note) Comprehensive income: 2Q of FY 2022: ¥ 11,506million (－%) 2Q of FY 2021: ¥ 431 million (-97.8%)

	Profit per share	Diluted profit per share
	Yen	Yen
2Q of FY 2022	20.48	－
2Q of FY 2021	-16.77	－

(Note) The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29; March 31, 2020), etc. were applied from the beginning of the first quarter of the current consolidated accounting period. Accordingly, the figures for the second quarter of the term ending March 2022 reflect said accounting standard, etc., and increase/decrease rates from the same quarter of the previous year are not indicated.

(2) Consolidated Financial Position

	Total assets	Net assets	Equity ratio
	Millions of yen	Millions of yen	%
2Q of FY 2022	1,221,888	608,099	45.5
FY 2021	1,231,495	604,872	45.0

(Reference) Equity capital: 2Q of FY 2022: ¥ 556,428million FY 2021: ¥ 554,245 million

(Note) The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29; March 31, 2020), etc. were applied from the beginning of the first quarter of the current consolidated accounting period. Accordingly, the figures for the second quarter of the term ending March 2022 reflect said accounting standard, etc.

2. Dividends

				Dividends per share
		1Q	2Q	3Q	Year-end	Annual
		Yen	Yen	Yen	Yen	Yen
FY 2021		－	5.00	－	7.00	12.00
FY 2022		－	10.00
FY 2022 (forecast)				－	7.00	17.00

(Note) Changes from the latest dividend forecast: Yes

3. Forecasts of Consolidated Financial Results for the Fiscal Year Ending March 31, 2022 (April 1, 2021 - March 31, 2022)

(% of change from FY2021)

	Net sales		Operating income	Ordinary income	Profit attributable to	Profit
		owners of parent	per share
	Millions of yen		%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
FY 2022	1,460,000		－	54,000	－	51,000	－	15,000	－	26.13

(Note) Changes from the latest financial forecast: Yes

(Note 2) The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29; March 31, 2020), etc. were applied from the beginning of the current consolidated accounting period. Accordingly, the above consolidated earnings forecasts reflect said accounting standard, etc., and year-on-year increase/decrease rates are not indicated.

*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: Yes

2)	Changes in accounting policies due to reasons other than above 1):	None
3)	Changes in accounting estimates:			None
4)	Restatements:			None
(Note) For details, please refer to "2. Quarterly Consolidated Financial Statements and Major Notes, (3) Notes to Consolidated
	Financial Statements (Revision to the Accounting Policy)" on page 8 of the attached documents.
(4) Number of shares outstanding (common stock)
1) Number of shares outstanding (including	2Q of FY 2022	574,580,850 shares	FY 2021	574,580,850 shares
treasury stock) at end of term
2) Number of treasury stock at end of term	2Q of FY 2022		553,353 shares	FY 2021	552,655 shares
3) Average number of shares (quarterly	2Q of FY 2022	574,027,797 shares	2Q of FY 2021	574,029,141 shares
consolidated cumulative period)

*Summary of financial results is out of scope of audit by Certified Public Accountants or Audit companies.

*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.