Announcement Concerning the Revisions to the Earnings Forecasts and the Dividend of Surplus (Interim Dividend)（2P | 119.5 KB）

〔Translation〕

October 28, 2021

To Whom It May Concern
Company Name: Hino Motors, Ltd.
Representative:	Satoshi Ogiso
	President, Member of the Board
(Code Number:	7205 TSE, 1st section, NSE, 1st	section)
Contact Person:	Hiroshi Hashimoto
	Operating Officer, Public Affairs Dept.
	Phone: [phone]

Announcement Concerning the Revisions to the Earnings Forecasts and the Dividend

of Surplus (Interim Dividend)

Hino Motors, Ltd. ("Hino") hereby announces that Board of Directors of Hino, at its meeting held on October 28, 2021, resolved the revision of the earnings forecasts for the term ending March 2022 (April 1, 2021 to March 31, 2022), which was announced at the time of announcement of financial results on April 27, 2021 and the dividend of surplus (interim dividend), whose record date is September 30, 2021, as described below.

1. Regarding the revision to the earnings forecasts

1. Revision to the figures in the full-year earnings forecasts for the term ending March 2022 (April 1, 2021 to March 31, 2022)

			Operating	Ordinary	Profit	Net Income
		Net Sales	Attributable to
		Income	Income	Owners of	per Share
					Parent
		Million yen	Million yen	Million yen	Million yen	Yen
Previously	Announced	1,330,000	47,000	42,000	11,000	19.16
Forecast (A)
Revised Forecast (B)	1,460,000	54,000	51,000	15,000	26.13
Amount of Change (B)	130,000	7,000	9,000	4,000	－
－(A)
Percentage	of Change	9.8%	14.9%	21.4%	36.4%	－
(%)
(Reference)
Results for the previous	1,498,442	12,250	12,261	-7,489	-13.05
fiscal year ended March
31, 2021

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(2) Reason for the revision

Considering the healthy number of orders received outside Japan, the recent business trend, the market environment, etc., we have revised the earnings forecasts as mentioned above, as the full-year forecasts for the term ending March 2022 are projected to exceed the previously announced forecasts.

2. Regarding the dividend of surplus (interim dividend)

1. Content of the dividend of surplus (interim)

	Determined Amount	Previous Dividend	Actual Results for
	Forecast
	FY2021
		(On April 27, 2021)
Record Date	September 30, 2021	Same as on the left	September 30, 2020
Dividend per Share	10 yen	7 yen	5 yen
Total Amount of	5,741 million yen	―	2,870 million yen
Dividends
Effective Date	November 29, 2021	―	November 27, 2020
Dividend Resource	Retained Earnings	―	Retained Earnings

(2) Reason for the revision

Hino will strive to achieve a consolidated payout ratio of 30% stably and continuously, while fortifying its financial standing and considering its business performance, new investments, etc. in each term.

Based on the basic policy mentioned above and comprehensively considering the management environment surrounding Hino, we will pay an interim dividend of 10 yen/share for the term ending March 2022, up 3 yen/share from the latest expected dividend.

(For reference) Breakdown of the annual dividend

		Dividend per Share [yen]
Record Date	End of the First Two	Year-end	Total
Quarters
Dividend Forecast	―	7 yen	17 yen
Dividends	10 yen	―	―
for FY 2022
Dividends	5 yen	7 yen	12 yen
for FY 2021

(Note) The above earnings forecasts are based on currently available information and some assumptions that are considered reasonable, so actual results, etc. may be significantly different due to various factors.

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