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29 Oct 2008 08:00
[Translation]
October 29, 2008
To Whom It May Concern:
Company Name: Hino Motors, Ltd.
Name and Title of Representative:
Yoshio Shirai, President
(Code Number: 7205
The first sections of the Tokyo Stock Exchange
and the Nagoya Stock Exchange)
Name and Title of Contact Person:
Toshihisa Sakaki
General Manager, Corporate Communications
Department, Corporate Planning Division
Telephone Number: 03-5419-9320
(The Parent Company of Hino Motors, Ltd.)
Company Name: Toyota Motor Corporation
Name and Title of Representative:
Katsuaki Watanabe, President
(Code Number: 7203
Securities exchanges throughout Japan)
Notice Concerning Amendments to the Business Projections for the Fiscal Year 2009
Based on the recent business performance of Hino Motors, Ltd. (the "Company"), we hereby announce the following amendments to the business projections for Fiscal Year 2009 (from April 1, 2008 to March 31, 2009) disclosed with the earnings announcement on April 24, 2008.
1. Amendments to the prospective figures for the consolidated business performance for the Fiscal Year
2009 (from April 1, 2008 to March 31, 2009).
(In millions of yen)
|
Net revenues |
Operating income |
Ordinary income |
Net income |
Net income per share (yen) |
|
|
Previous projections (A) |
1,420,000 |
46,000 |
42,000 |
22,000 |
38.34 |
|
New projections (B) |
1,250,000 |
15,000 |
10,000 |
2,000 |
3.49 |
|
Amount changed (B - A) |
-170,000 |
-31,000 |
-32,000 |
-20,000 |
- |
|
% of change |
-12.0% |
-67.4% |
-76.2% |
-90.9% |
- |
|
(Reference) Actual results for the Fiscal Year 2008 |
1,368,633 |
45,889 |
41,035 |
22,178 |
38.65 |
2. Amendments to the prospective figures for the non-consolidated business performance for the Fiscal Year
2009 (from April 1, 2008 to March 31, 2009)
(In millions of yen)
|
Net revenues |
Operating income |
Ordinary income |
Net income |
Net income per share (yen) |
|
|
Previous projections (A) |
1,080,000 |
26,000 |
29,800 |
18,000 |
31.36 |
|
New projections (B) |
927,000 |
1,000 |
4,500 |
3,000 |
5.23 |
|
Amount changed (B - A) |
-153,000 |
-25,000 |
-25,300 |
-15,000 |
- |
|
% of change |
-14.2% |
-96.2% |
-84.9% |
-83.3% |
- |
|
(Reference) Actual results for the Fiscal Year 2008 |
1,034,155 |
29,267 |
28,759 |
4,467 |
7.78 |
3. Reasons for the Amendments
Among the figures for consolidated and non-consolidated business performance for Fiscal Year 2009, net revenues and the profits are projected to fall below the previously announced projected figures, due to factors such as the decrease in the number of automobiles subcontracted for production by Toyota Motor Corporation to the Company, the decrease in the number of automobiles sold in Japan, as well as the trend of stronger yen in the currency exchange market and the impact of rising raw material prices.
(Note) The prospective figures for the business performance stated above are based upon information that is currently in the Company's possession and upon certain premises that the Company deems reasonable.The Company's
actual future performance or other similar results could differ materially from those discussed above, due to
various factors.
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