Amd to Forecast FY09(Hino)

RNS Number : 3613M

Toyota Motor Corporation

28 January 2009

 



[Translation]

January 28, 2009

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 Dept., 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 Forecasts for FY2009

Based on our recent business results, we, Hino Motors, Ltd. ('Hino'), hereby announce the following amendments to the forecasts of consolidated and unconsolidated financial results for FY2009 (April 1, 2008 through March 31, 2009), previously announced on December 24, 2008, as follows:

1.   Amendments to the forecasts of consolidated financial results for FY2009

     (April 1, 2008 through March 31, 2009)

(Amount: million yen)

	Net revenues	Operating income	Ordinary income	Net income	Net income per share (yen)
Previous forecasts (A)	1,100,000	-13,000	-23,000	-20,000	-34.86
New forecasts (B)	1,100,000	-13,000	-23,000	-33,000	-57.65
Amount changed (B - A)	-	-	-	-13,000	-
% of change	-	-	-	-	-
(Reference) Actual results for FY2008	1,368,633	45,889	41,035	22,178	38.65

2.   Amendments to the forecasts of unconsolidated financial results for FY2009

     (April 1, 2008 through March 31, 2009)

(Amount: million yen)

	Net revenues	Operating income	Ordinary income	Net income	Net income per share (yen)
Previous forecasts (A)	800,000	-21,000	-22,000	-16,000	-27.88
New forecasts (B)	800,000	-21,000	-22,000	-29,000	-50.64
Amount changed (B - A)	-	-	-	-13,000	-
% of change	-	-	-	-	-
(Reference) Actual results for FY2008	1,034,155	29,267	28,759	4,467	7.78

3.   Reasons for the Amendments

As a result of careful assessment of the realizability of deferred tax assets for losses incurred in FY2009, we have decided not to recognize such deferred tax assets. Accordingly, the forecasts of consolidated and unconsolidated net income for FY2009 decreased from the previously announced forecasts.

        (Note)    The prospective figures for the financial results stated above are based upon information that is currently in  

                         Hino's possession and upon certain premises that Hino deems reasonable. Hino's actual future performance

                         or other similar results could differ materially from those discussed above, due to various factors.

 

END

 

 

STRIIFIRLLITFIA