Hino Motors Annual Report - hino global

Business Report for Fiscal Year 2007
Highlights
For 34 years Hino Motors has the No. 1 in heavy- and medium- duty trucks in terms of Japanese market share
and vehicle registrations.
Overseas sales reached a historical high of 47,000 units as sales in North America and Central
and South America expanded, compensating for weak conditions in Asian markets.
Business Report fot Fiscal Year 2007
Consolidated
Net sales: ¥1287.6 billion
Operating income: ¥36.7 billion
Net income: ¥20.0 billion
Financial Results in fiscal year 2007
In the Japanese market for heavy- and medium-duty
trucks, Hino Motors' core product, total demand of
105,000 units for the current fiscal year was on a par with
a year earlier. This was due to a rise in demand in the
first half of the fiscal year covering for a drop in the
second half of the replacement demand from the new
emission regulations subsided after continuing since
2003. On the other hand, in the market for light-duty
trucks, total demand rose by 3,000 units, an increase of
3.2% on the year, to 120,000 units.
Japanese sales of trucks and buses fell by 4,000 to
51,000 units, reflecting an 8.7% drop on the year.
Meanwhile, overseas sales of trucks and buses
increased 5,000 units to an all-time high of 50,000 units,
gaining 10.9% on the year, thanks to higher sales in the
U.S. and Central and South America. As a result,
combined domestic and overseas sales of trucks and
buses totaled 102,000 units, on a par with the prior fiscal
year. Vehicle production commissioned by Toyota Motor
Corporation saw the discontinuation of the Hilux Pick-Up
Non-consolidated
Net sales: ¥976.6 billion
Operating income: ¥25.9 billion
Net income: ¥16.5 billion
at the end of June 2005, while in January 2006
production of the FJ Cruiser started at the Hamura Plant.
Production has been continuing at a steady pace, thanks
to favorable sales. Total output increased 14,000 units to
203,000 units, marking a 7.6% increase on the year.
Owing to higher overseas unit sales centered on
Toyota-related operations, sales revenue climbed
¥90.695 billion to ¥1,287.668 billion, a 7.6% increase on
the year. On the other hand, operating income fell ¥3.82
billion to ¥36.71 billion, at drop of 9.4% on the year. This
decline was due to reduced domestic sales and higher
input cost including for development of new products and
technologies. Net income for the period fell ¥8.645 billion
to ¥20.059 billion, a 30.1% decline on the year.
The Company will continue with its efforts at further
streamlining operations, strengthening management
structures, and enhancing operating results.
09 HINO Report