Hino Motors Ltd. expected to Report Q3 2010 Results on January 21, 2010. This event was calculated by Capital IQ (Created on October 28, 2009).

Hino Motors Ltd. reported earnings results for the six months ended September 30, 2009. For the period, the company reported a net loss of ¥29.0 billion ($315.1 million), compared with a net profit of ¥3.0 billion during the same period of fiscal year 2009. Revenues fell by 39.2% year-on-year (y/y) during the period to ¥392.5 billion, while its operating loss stood at ¥22.0 billion, compared with an operating profit of ¥8.3 billion during the same period last year. The company revised earnings guidance for the full year of fiscal 2010. For the period, the company now expects revenues to reach ¥950.0 billion, up from its previous forecast of ¥900 billion. Its operating loss is estimated to improve to ¥12.0 billion, against a previous forecast of ¥15.0 billion. However, its net loss is now estimated to be ¥24.5 billion, against a previous projection of ¥24.0 billion. The company is taking steps to invest where future growth is expected, having set an annual target for overseas sales of 150,000 units by 2016. It is expanding its manufacturing capacity in Indonesia and China, while it is also due to enter the Indian market at a later date.

Hino Motors Ltd. reported operating results for the month and nine months period ended Sept. 30, 2009. For the month, the company reported total prodution of 62,035 units and total sales of 57,217 units. For the nine months period, the company reported total prodution of 508,587 units and total sales of 455,806 units. For the six months period from April to September 2009, the company reported total prodution of 317,841 units and total sales of 279,447 units.