Financial Results for the Fiscal Year Ended March 31, 2013 [Japanese GAAP] (Consolidated) April 25, 2013 Name of Listed Company: Hino Motors, Ltd. Stock Listing: Tokyo and Nagoya Code Number: 7205 URL: http://www.hino.co.jp/ Representative: Yoshio Shirai, President Contact Point: Masashi Ueno, General Manager, Corporate Communications Dept., Corporate Planning Div. Phone: (042) 586-5494 Scheduled Date of Annual Meeting of Shareholders: June 21, 2013 Scheduled Date of Dividend Payment Start: June 24, 2013 Scheduled Date of Financial Statements Filing: June 21, 2013 Supplementary materials for Financial Results: Yes Investor conference for Financial Results: Yes (For Mass Media and Analysts) (Amounts are rounded down to the nearest one million yen) 1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2013 (April 1, 2012 – March 31, 2013) (1) Consolidated Financial Results (% of change from previous year.) Net sales Operating income Ordinary income Net income Millions of yen % Millions of yen % Millions of yen % Millions of yen % FY 2013 1,541,357 17.3 65,118 73.5 66,922 93.5 47,685 192.5 FY 2012 1,314,588 5.8 37,527 29.8 34,577 38.0 16,303 - (Note) Comprehensive income FY 2013: ¥ 71,640 million (191.1%) FY 2012: ¥ 24,602 million (―%) Net income per share Diluted net income per share Return on equity Ordinary income to total assets Operating income to net sales Yen Yen % % % FY 2013 83.55 83.42 20.1 7.7 4.2 FY 2012 28.60 28.59 8.1 4.4 2.9 (Reference) Equity in earnings of affiliated companies: FY 2013: ¥ 377 million FY 2012: ¥ (1,489) million (2) Consolidated Financial Position Total assets Net assets Equity ratio Net assets per share Millions of yen Millions of yen % Yen FY 2013 903,427 298,932 29.3 463.29 FY 2012 845,008 234,931 24.7 366.61 (Reference) Equity capital: FY 2013: ¥264,746 million FY 2012: ¥209,072 million (3) Consolidated Cash Flows Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at end of year Millions of yen Millions of yen Millions of yen Millions of yen FY 2013 96,930 (54,531) (43,642) 25,545 FY 2012 35,266 (38,703) (4,471) 25,520 2. Dividends Dividends per share 1Q 2Q 3Q Year-end Annual Total dividends (annual) Dividends payout ratio (consolidated) Dividends on net assets (consolidated) Yen Yen Yen Yen Yen Millions of Yen % % FY 2012 - 3.00 - 5.00 8.00 4,562 28.0 2.3 FY 2013 - 8.00 - 15.00 23.00 13,139 27.5 5.5 FY 2014 (forecast) - 15.00 - 15.00 30.00 28.6 3. Forecasts of Consolidated Financial Results for the Fiscal Year Ending March 31, 2014 (April 1, 2013 – March 31, 2014) (% of change from FY2013.) Net sales Operating income Ordinary income Net income Net income per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen FY 2014 1,620,000 5.1 85,000 30.5 81,000 21.0 60,000 25.8 105.00
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Financial Results for the Fiscal Year Ended March 31, 2013[Japanese GAAP] (Consolidated)
April 25, 2013Name of Listed Company: Hino Motors, Ltd. Stock Listing: Tokyo and NagoyaCode Number: 7205 URL: http://www.hino.co.jp/Representative: Yoshio Shirai, PresidentContact Point: Masashi Ueno, General Manager, Corporate Communications Dept., Corporate Planning Div.
Phone: (042) 586-5494Scheduled Date of Annual Meeting of Shareholders: June 21, 2013Scheduled Date of Dividend Payment Start: June 24, 2013Scheduled Date of Financial Statements Filing: June 21, 2013Supplementary materials for Financial Results: YesInvestor conference for Financial Results: Yes (For Mass Media and Analysts)
(Amounts are rounded down to the nearest one million yen)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2013 (April 1, 2012 – March 31, 2013)
(1) Consolidated Financial Results
(% of change from previous year.)
Net sales Operating income Ordinary income Net income
Millions of yen % Millions of yen % Millions of yen % Millions of yen %
Total assets Net assets Equity ratio Net assets per share
Millions of yen Millions of yen % Yen
FY 2013 604,215 232,398 38.4 405.99
FY 2012 597,823 193,114 32.2 337.89
(Reference) Equity capital: FY 2013: ¥232,055 million FY 2012: ¥192,740 million
2. Forecasts of Non-Consolidated Financial Results for the Fiscal Year Ending March 31, 2014 (April 1, 2013 – March 31, 2014)(% of change from FY2013.)
Net sales Operating income Ordinary income Net incomeNet income per
share
Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen
Investments and other assetsInvestment securities 72,706 86,489Deferred tax assets 2,985 2,676Others 14,145 8,924Allowance for doubtful accounts (4,341) (4,184)Total investments and other assets 85,494 93,906
Total fixed assets 390,336 411,246Total assets 845,008 903,427
Hino Motors, Ltd. (7205) Financial Results for the Fiscal Year Ended March 31, 2013
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(Millions of yen)
FY 2012(As of March 31, 2012)
FY 2013(As of March 31, 2013)
LiabilitiesCurrent liabilities
Trade notes and accounts payable 237,347 229,887Short-term loans payable 76,580 121,772Commercial papers 33,000 -Current portion of long-term loans payable 42,611 21,254Lease liabilities 1,501 1,142Accounts payable-other 16,725 17,064Income taxes payable 4,459 7,473Provision for bonuses 4,054 4,383Provision for directors’ bonuses 516 762Warranty allowance 14,110 25,161Others 46,686 52,620Total current liabilities 477,592 481,523
Long-term liabilitiesLong-term loans payable 39,063 24,354Lease liabilities 15,158 16,742Deferred tax liabilities 15,170 20,135Deferred tax liabilities for land revaluation 3,242 3,217Provision for retirement benefits 52,724 53,060Provision for directors’ benefits 1,786 1,689Asset retirement obligations 1,199 1,206Others 4,136 2,564Total long-term liabilities 132,483 122,972
Accumulated other comprehensive incomeValuation difference on available-for-sale securities 18,508 25,755Deferred gains or losses on hedges (191) (158)Revaluation reserve for land 1,973 1,927Foreign currency translation adjustment (13,248) (5,721)Total accumulated other comprehensive income 7,041 21,802
Subscription rights to shares 373 342Minority interests 25,485 33,843Total net assets 234,931 298,932
Total liabilities and net assets 845,008 903,427
Hino Motors, Ltd. (7205) Financial Results for the Fiscal Year Ended March 31, 2013
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(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
[Consolidated Statements of Income]
(Millions of yen)
FY 2012(From April 1, 2011to March 31, 2012)
FY 2013(From April 1, 2012to March 31, 2013)
Net sales 1,314,588 1,541,357Cost of sales 1,136,424 1,314,038
Gross profit on sales 178,163 227,318
Selling, general and administrative expensesSales commission 9,986 14,415Haulage and warehousing expenses 9,710 10,781Provision for product warranties 14,110 25,161Advertising expenses 4,456 4,484Salary and benefits 36,379 38,489Provision for bonuses 1,972 2,138Provision for directors’ bonuses 516 762Provision for retirement benefits 2,899 2,685Provision for directors’ retirement benefits 453 439Rent expenses 4,917 5,592Provision of allowance for doubtful accounts 672 750Others 54,561 56,498
Total selling, general and administrative expenses 140,635 162,200
Operating income 37,527 65,118
Non-operating incomeInterest income 1,020 931Dividends income 1,445 1,670Rent income 406 464Foreign exchange gains - 964Equity in earnings of affiliates - 377Miscellaneous income 2,187 3,195
Total non-operating income 5,059 7,603
Non-operating expensesInterest expenses 3,550 3,577Loss on foreign exchange 1,906 -Equity in losses of affiliates 1,489 -Miscellaneous expenses 1,062 2,221
Total non-operating expenses 8,008 5,798
Ordinary income 34,577 66,922
Extraordinary income
Gain on sales of fixed assets 4,244 218Gain on sales of investment securities 249 742Others 410 71
Total extraordinary income 4,904 1,032
Extraordinary lossLoss on sales or disposition of fixed assets 1,471 619Impairment loss 624 678Loss on disaster 6,100 -Provision for retirement benefits 8,755 -Others 4,243 554
Total extraordinary loss 21,195 1,852
Income before income taxes and minority interests 18,286 66,102
Income taxes–current 10,551 14,550Income taxes–deferred (13,235) (2,324)
Total income taxes (2,684) 12,225
Income before minority interests 20,971 53,877
Minority interests income 4,667 6,191
Net income 16,303 47,685
Hino Motors, Ltd. (7205) Financial Results for the Fiscal Year Ended March 31, 2013
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[Consolidated Statements of Comprehensive Income](Millions of yen)
FY 2012(From April 1, 2011to March 31, 2012)
FY 2013(From April 1, 2012to March 31, 2013)
Income before minority interests 20,971 53,877Other comprehensive income
Valuation difference on available - for - salesecurities
4,932 6,767
Deferred gains or losses on hedges (152) 33Revaluation reserve for land 474 -Foreign currency translation adjustment (1,860) 9,853Share of other comprehensive income of associatesaccounted for using equity method
236 1,108
Total other comprehensive income 3,630 17,763Comprehensive income 24,602 71,640(Comprehensive income attributable to)
Comprehensive income attributable to owners of theparent
20,409 62,493
Comprehensive income attributable to minorityinterests
4,193 9,147
Hino Motors, Ltd. (7205) Financial Results for the Fiscal Year Ended March 31, 2013
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(3) Consolidated Statements of Changes in Net Assets(Millions of yen)
FY 2012(From April 1, 2011to March 31, 2012)
FY 2013(From April 1, 2012to March 31, 2013)
Shareholders’ equityCommon stock
Balance at the beginning of current year 72,717 72,717Change in items for the yearTotal change in items for the year - -
Balance at the end of current year 72,717 72,717Additional paid-in capital
Balance at the beginning of current year 64,327 64,361Change in items for the year
Disposal of treasury stock 33 210Decrease due to decrease in affiliates - (14)Total changes in items for the year 33 196
Balance at the end of current year 64,361 64,557Retained earnings
Balance at the beginning of current year 53,589 66,472Change in items for the year
Cash dividends (3,420) (7,417)Net income 16,303 47,685Reversal of revaluation reserve for land - 46Total change in items for the year 12,883 40,314
Balance at the end of current year 66,472 106,786Treasury stock
Balance at the beginning of current year (1,658) (1,520)Change in items for the year
Acquisition of treasury stock (5) (23)Disposal of treasury stock 143 425Change in equity in affiliates accounted for byequity method-treasury stock
(0) -
Total change in items for the year 137 401Balance at the end of current year (1,520) (1,118)
Total shareholders’ equityBalance at the beginning of current year 188,975 202,031Change in items for the year
Cash dividends (3,420) (7,417)Net income 16,303 47,685Acquisition of treasury stock (5) (23)Disposal of treasury stock 177 636Change in equity in affiliates accounted for byequity method-treasury stock
(0) -
Change of scope of equity method - (14)Reversal of revaluation reserve for land - 46Total change in items for the year 13,055 40,912
Balance at the end of current year 202,031 242,943
Hino Motors, Ltd. (7205) Financial Results for the Fiscal Year Ended March 31, 2013
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(Millions of yen)
FY 2012(From April 1, 2011to March 31, 2012)
FY 2013(From April 1, 2012to March 31, 2013)
Accumulated other comprehensive incomeValuation difference on available-for-sale securities
Balance at the beginning of current year 13,363 18,508Change in items for the yearNet changes of items other than shareholders’equity
5,145 7,246
Total change in items for the year 5,145 7,246Balance at the end of current year 18,508 25,755
Deferred gains or losses on hedgesBalance at the beginning of current year (40) (191)Change in items for the year
Net changes of items other than shareholders’equity
(151) 33
Total change in items for the year (151) 33Balance at the end of current year (191) (158)
Revaluation reserve for landBalance at the beginning of current year 1,560 1,973Change in items for the year
Net changes of items other than shareholders’equity
412 (46)
Total change in items for the year 412 (46)Balance at the end of current year 1,973 1,927
Foreign currency translation adjustmentBalance at the beginning of current year (11,947) (13,248)Change in items for the year
Net changes of items other than shareholders’equity
(1,301) 7,527
Total change in items for the year (1,301) 7,527Balance at the end of current year (13,248) (5,721)
Total accumulated other comprehensive incomeBalance at the beginning of current year 2,936 7,041Change in items for the year
Net changes of items other than shareholders’equity
4,105 14,761
Total change in items for the year 4,105 14,761Balance at the end of current year 7,041 21,802
Subscription rights to sharesBalance at the beginning of current year 276 373Change in items for the year
Net changes of items other than shareholders’equity
96 (30)
Total change in items for the year 96 (30)Balance at the end of current year 373 342
Hino Motors, Ltd. (7205) Financial Results for the Fiscal Year Ended March 31, 2013
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(Millions of yen)
FY 2012(From April 1, 2011to March 31, 2012)
FY 2013(From April 1, 2012to March 31, 2013)
Minority interestsBalance at the beginning of current year 24,249 25,485Change in items for the year
Net changes of items other than shareholders’equity
1,235 8,357
Total change in items for the year 1,235 8,357Balance at the end of current year 25,485 33,843
Total net assetsBalance at the beginning of current year 216,438 234,931Change in items for the year
Cash dividends (3,420) (7,417)Net income 16,303 47,685Acquisition of treasury stock (5) (23)Disposal of treasury stock 177 636Change in equity in affiliates accounted for byequity method-treasury stock
(0) -
Decrease due to decrease in affiliates - (14)Reversal of revaluation reserve for land - 46Net changes of items other than shareholders’equity
5,437 23,088
Total change in items for the year 18,492 64,000
Balance at the end of current year 234,931 298,932
Hino Motors, Ltd. (7205) Financial Results for the Fiscal Year Ended March 31, 2013
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(4) Consolidated Statements of Cash Flows(Millions of yen)
FY 2012(From April 1, 2011to March 31, 2012)
FY 2013(From April 1, 2012to March 31, 2013)
Net cash provided by (used in) operating activities
Income before income taxes and minority interests 18,286 66,102Depreciation and amortization 50,082 47,282Impairment loss 624 678Increase (decrease) in allowance for doubtful (342) (40)Increase (decrease) in provision for productwarranties
1,658 11,051
Increase (decrease) in provision for retirementbenefits
9,744 125
Interest and dividends income (2,465) (2,602)Interest expenses 3,550 3,577Loss (gain) on foreign exchange 166 (19)
Equity in (earnings) losses of affiliates 1,489 (377)Loss (gain) on sales of investment securities (249) (742)Loss (gain) on sales or disposition of fixed assets (2,772) 401Decrease (increase) in notes and accountsreceivable-trade
(84,636) 9,796
Decrease (increase) in inventories (28,963) (14,146)Increase (decrease) in notes and accountspayable-trade
75,076 (19,797)
Others 6,773 6,874
Subtotal 48,021 108,161
Interest and dividends income received 2,534 2,754Interest expenses paid (3,561) (3,715)Income taxes (paid) refund (11,727) (10,270)
Net cash provided by (used in) operating activities 35,266 96,930
Net cash provided by (used in) investing activitiesPayment into time deposits (146) (1,356)
Proceeds from withdrawal of time deposits 53 245Payments for acquisition of tangible fixed assets (39,088) (49,972)Proceeds from sale of tangible fixed assets 6,758 1,123Payments for acquisition of intangible fixed assets (5,461) (5,815)Payments for purchase of investment securities (232) (822)Proceeds from sale of investment securities 30 759
Purchase of stocks of subsidiaries and affiliates (726) (5)Proceeds from sales of stocks of subsidiaries andaffiliates
- 100
Payments for long-term loans receivable (157) (367)
Proceeds from long-term loans receivable 170 216Purchase of investments in subsidiaries resulting inchange in scope of consolidation
(177) -
Others 275 1,362
Net cash provided by (used in) investing activities (38,703) (54,531)
Hino Motors, Ltd. (7205) Financial Results for the Fiscal Year Ended March 31, 2013
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(Millions of yen)
FY 2012(From April 1, 2011to March 31, 2012)
FY 2013(From April 1, 2012to March 31, 2013)
Net cash provided by (used in) financing activitiesNet increase (decrease) in short-term loans payable 8,772 35,027Net increase (decrease) in commercial paper 33,000 (33,000)Proceeds from long-term loans payable 2,687 4,063Repayment of long-term loans payable (43,054) (41,787)
*1 The “other” section is business segments not included in the reporting segments, including North America and Oceania.*2 The adjusted amount is as listed below.
(1) The adjusted amount of segment earnings of ¥(1,062) million includes adjustments for eliminated accounts and inventoryassets in inter-segment.
(2) The adjusted amount of segment assets of ¥(55,022) million includes elimination of debts and credits and inventory assets ininter-segment.
*3 Segment earnings are adjusted with operating income from the consolidated statement of income.
Current Fiscal Year (From April 1, 2012 to March 31, 2013) (Millions of yen)
*1 The “other” section is business segments not included in the reporting segments, including North America and Oceania.*2 The adjusted amount is as listed below.
(1) The adjusted amount of segment earnings of ¥(3,718) million includes adjustments for eliminated accounts and inventoryassets in inter-segment.
(2) The adjusted amount of segment assets of ¥(58,610) million includes elimination of debts and credits and inventory assets ininter-segment.
*3 Segment earnings are adjusted with operating income from the consolidated statement of income.
Hino Motors, Ltd. (7205) Financial Results for the Fiscal Year Ended March 31, 2013
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(Per Share Information)
FY 2012
(From April 1, 2011 to March 31, 2012)
FY 2013
(From April 1, 2012 to March 31, 2013)
Net assets per share 366.61 yen Net assets per share 463.29 yen
Net income per share 28.60 yen Net income per share 83.55 yen
Diluted net income per share 28.59 yen Diluted net income per share 83.42 yen
(Note) The base for calculating net income per share and diluted net income per share are as follows:
FY 2012
(From April 1, 2011 to March 31, 2012)
FY 2013
(From April 1, 2012 to March 31, 2013)
Net income per share
Net income (millions of yen) 16,303 47,685
Amount not attributable to common shareholders
(millions of yen)- -
Net income associated with common shares
(millions of yen)16,303 47,685
Average number of common shares (shares) 570,014,091 570,765,371
Diluted net income per share
Current-term net profit adjustment - -
Increase in the number of common shares 323,665 893,588
Increase in the number of stock acquisition rights 323,665 893,588
(Significant Subsequent Events)
There is no related information.
Hino Motors, Ltd. (7205) Financial Results for the Fiscal Year Ended March 31, 2013
Investments and other assetsInvestment securities 44,362 53,996Stocks of subsidiaries and affiliates 50,651 55,042Investments in capital 2 2Investments in capital of subsidiaries and affiliates 5,548 5,548Long-term loans receivable 1 -Long-term loans receivable from employees 2 5Long-term loans receivable from subsidiaries and
affiliates1,797 1,312
Claims provable in bankruptcy, claims provable inrehabilitation and other
1,737 1,792
Long-term prepaid expenses 304 367Others 1,430 722Allowance for doubtful accounts (2,705) (2,712)Allowance for investment loss (149) (1,258)Total investments and other assets 102,984 114,819
Total fixed assets 263,174 273,399Total assets 597,823 604,215
Hino Motors, Ltd. (7205) Financial Results for the Fiscal Year Ended March 31, 2013
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(Millions of yen)
FY 2012(As of March 31, 2012)
FY 2013(As of March 31, 2013)
LiabilitiesCurrent liabilities
Notes payable 510 593Accounts payable-trade 151,113 139,942Short-term loans payable 10,400 28,800Short-term loans payable to subsidiaries and
affiliates17,227 21,170
Commercial papers 33,000 -Current portion of long-term loans payable 25,261 0Current portion of long-term loans payable tosubsidiaries and affiliates
13,000 17,000
Lease liabilities 15 20Accounts payable-other 13,867 13,627Accrued expenses 27,795 32,977Income taxes payable 194 2,013Advances received 372 398Deposits received 16,494 21,647Provision for directors’ bonuses 144 303Warranty allowance 14,110 25,161Notes payable-facilities 1 13Others 463 400Total current liabilities 323,971 304,070
Valuation and translation adjustmentsValuation difference on available-for-salesecurities
16,064 21,990
Deferred gains or losses on hedges (191) (158)Total valuation and translation adjustments 15,872 21,832
Subscription rights to shares 373 342Total net assets 193,114 232,398
Total liabilities and net assets 597,823 604,215
Hino Motors, Ltd. (7205) Financial Results for the Fiscal Year Ended March 31, 2013
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(2) Non-Consolidated Statements of Income
(Millions of yen)
FY 2012(From April 1, 2011to March 31, 2012)
FY 2013(From April 1, 2012to March 31, 2013)
Net sales 976,375 1,120,121Cost of sales
Opening inventory 16,678 24,383Cost of manufactured goods for the current year 885,476 977,445Total 902,154 1,001,829Ending inventory 24,383 22,957Cost of manufactured goods sold 877,770 978,872
Gross profit on sales 98,604 141,248Selling, general and administrative expenses
Sales commission 21,251 29,747Freight, charges and storage 6,200 6,979Provision for product warranties 14,110 25,161Advertisement expenses 3,268 2,979Salary and benefits 12,941 13,772Provision for directors’ bonuses 144 303Provision for retirement benefits 1,258 1,098Rent expenses 2,678 2,999Depreciation 6,908 6,492Others 19,625 20,794Total selling, general and administrative expenses 88,386 110,327
Operating income 10,218 30,921Non-operating income
Interest income 728 889Dividends income 9,175 6,359Reversal of allowance for doubtful account - 1,139Gain on foreign exchange - 517Rental income 1,042 1,070Miscellaneous income 393 1,227Total non-operating income 11,340 11,205
Non-operating expensesInterest expenses 945 753Depreciation 259 220Provision of allowance for doubtful account 1,774 -Loss on foreign exchange 1,089 -Miscellaneous expenses 620 872Total non-operating expenses 4,689 1,846
Ordinary income 16,869 40,280
Hino Motors, Ltd. (7205) Financial Results for the Fiscal Year Ended March 31, 2013
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(Millions of yen)
FY 2012(From April 1, 2011to March 31, 2012)
FY 2013(From April 1, 2012to March 31, 2013)
Extraordinary incomeGain on sales of fixed assets 4,141 147Gain on sales of investment securities 244 766Others 3 8Total extraordinary income 4,390 923
Extraordinary lossLoss on sales or disposition of fixed assets 1,142 297Impairment loss 60 11Loss on valuation of stocks of subsidiaries andaffiliates
867 59
Loss on valuation of investments in capital ofsubsidiaries and affiliates
2,627 -
Provision of allowance for investment loss 149 1,258Loss on disaster 5,701 -Provision for retirement benefits 8,325 -Others 3,591 0Total extraordinary loss 22,465 1,627
Income (loss) before income taxes (1,205) 39,576Income taxes-current 1,755 2,573Income taxes–deferred (13,709) (3,157)Total income taxes (11,953) (583)Net income 10,747 40,159
Hino Motors, Ltd. (7205) Financial Results for the Fiscal Year Ended March 31, 2013
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(3) Non-Consolidated Statements of Changes in Net Assets(Millions of yen)
FY 2012(From April 1, 2011to March 31, 2012)
FY 2013(From April 1, 2012to March 31, 2013)
Shareholders’ equityCommon stock
Balance at the beginning of current year 72,717 72,717Change in items for the year
Total change in items for the year - -Balance at the end of current year 72,717 72,717
Additional paid-in capitalCapital surplus
Balance at the beginning of current year 64,307 64,307Change in items for the year
Total change in items for the year - -Balance at the end of current year 64,307 64,307
Other capital surplusBalance at the beginning of current year - 33Change in items for the year
Disposal of treasury stock 33 210Total change in items for the year 33 210
Balance at the end of current year 33 244Total additional paid-in capital
Balance at the beginning of current year 64,307 64,341Change in items for the year
Disposal of treasury stock 33 210Total change in items for the year 33 210
Balance at the end of current year 64,341 64,551Retained earnings
Legal reserve of retained earningsBalance at the beginning of current year 7,103 7,103Change in items for the year
Total change in items for the year - -Balance at the end of current year 7,103 7,103
Other retained earningsReserve for fixed asset reduction entry
Balance at the beginning of current year 3,616 4,857Change in items for the year
Provision of reserve for advanced depreciationof noncurrent assets
1,554 359
Reversal of reserve for advanced depreciationof noncurrent assets
(312) (93)
Total change in items for the year 1,241 265Balance at the end of current year 4,857 5,123
Reserve for special depreciationBalance at the beginning of current year - -Change in items for the year
Provision of reserve for special depreciation - 72Total change in items for the year - 72
Balance at the end of current year - 72
Hino Motors, Ltd. (7205) Financial Results for the Fiscal Year Ended March 31, 2013
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(Millions of yen)
FY 2012(From April 1, 2011to March 31, 2012)
FY 2013(From April 1, 2012to March 31, 2013)
General reserveBalance at the beginning of current year 36,890 16,890Change in items for the year
Reversal of general reserve (20,000) -Total change in items for the year (20,000) -
Balance at the end of current year 16,890 16,890Retained earnings carried forward
Balance at the beginning of current year (13,638) 12,447Change in items for the year
Cash dividends (3,420) (7,417)Provision of reserve for advanced depreciationof noncurrent assets
(1,554) (359)
Reversal of reserve for advanced depreciationof noncurrent assets
312 93
Provision of reserve for special depreciation - (72)Reversal of general reserve 20,000 -Net income 10,747 40,159Total change in items for the year 26,086 32,403
Balance at the end of current year 12,447 44,851Total retained earnings
Balance at the beginning of current year 33,970 41,298Change in items for the year
Cash dividends (3,420) (7,417)Net income 10,747 40,159Total change in items for the year 7,327 32,742
Balance at the end of current year 41,298 74,040Treasury stock
Balance at the beginning of current year (1,626) (1,488)Change in items for the year
Acquisition of treasury stock (5) (23)Disposal of treasury stock 143 425Total change in items for the year 137 401
Balance at the end of current year (1,488) (1,086)Total Shareholders’ equity
Balance at the beginning of current year 169,369 176,868Change in items for the year
Cash dividends (3,420) (7,417)Net income 10,747 40,159Acquisition of treasury stock (5) (23)Disposal of treasury stock 177 636Total change in items for the year 7,499 33,354
Balance at the end of current year 176,868 210,223
Hino Motors, Ltd. (7205) Financial Results for the Fiscal Year Ended March 31, 2013
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(Millions of yen)
FY 2012(From April 1, 2011to March 31, 2012)
FY 2013(From April 1, 2012to March 31, 2013)
Valuation and translation adjustmentsValuation difference on available-for-sale securities
Balance at the beginning of current year 11,341 16,064Change in items for the year
Net changes of items other than shareholders’equity
4,723 5,926
Total change in items for the year 4,723 5,926Balance at the end of current year 16,064 21,990
Deferred gains or losses on hedgesBalance at the beginning of current year (39) (191)Change in items for the year
Net changes of items other than shareholders’equity
(152) 33
Total change in items for the year (152) 33Balance at the end of current year (191) (158)
Total valuation and translation adjustmentsBalance at the beginning of current year 11,301 15,872Change in items for the year
Net changes of items other than shareholders’equity
4,571 5,959
Total change in items for the year 4,571 5,959Balance at the end of current year 15,872 21,832
Subscription rights to sharesBalance at the beginning of current year 276 373Change in items for the year
Net changes of items other than shareholder'sequity
96 (30)
Total change in items for the year 96 (30)
Balance at the end of current year 373 342Total net assets
Balance at the beginning of current year 180,947 193,114Change in items for the year
Cash dividends (3,420) (7,417)Net income 10,747 40,159Acquisition of treasury stock (5) (23)Disposal of treasury stock 177 636Net changes of items other than shareholders'equity
4,667 5,929
Total change in items for the year 12,166 39,284Balance at the end of current year 193,114 232,398
Hino Motors, Ltd. (7205) Financial Results for the Fiscal Year Ended March 31, 2013
-23-
5. Other
(1) Actual Production (Consolidated)
CategoryFY 2012
(From April 1, 2011 toMarch 31, 2012)
FY 2013(From April 1, 2012 to
March 31, 2013)Change
Trucks and buses 134,836 units 156,270 units 21,434 units
Toyota brand vehicles 153,409 units 185,917 units 32,508 units