Consolidated Financial Results - hino global

Hino Motors, Ltd. (7205) Financial Results for the First Quarter of the Fiscal Year Ending March 31, 20104. Others(1) Changes in significant subsidiaries (changes of specified subsidiaries resulting in changes in scope of consolidation)during the current termNone.(2) Application of simplified accounting methods/specified accounting methods for preparation of quarterlyconsolidated financial statements1. Simplified accounting methods1)Inventory valuation methodIn regard to the calculation of the ending inventory for the first quarter under review, the Company omittedphysical inventory and used a reasonable calculation method based on the physical inventory at the end of theprevious consolidated fiscal year.2) Calculation method for current income taxes and deferred income taxes (deferred tax assets/liabilities)Payable income taxes are derived from the calculation, in which limited important add/subtract items and tax credititems were taken into account.The collectability of deferred tax assets is subject to the method, which takes into account variations in significantprovisional changes from the end of the previous consolidated fiscal year in addition to the projected future financialresults and tax planning used in the year-end review for the prior consolidated fiscal year.(3) Changes in accounting principles/procedures and method of presentation associated with preparation of quarterlyconsolidated financial statementsNone.- 4 -