“Hino Motors Sells Vehicle Stockyard and Affiliated Factory in Saitama for Around 400 Billion Yen”

On the 22nd, Hino Motors revealed that it had transferred a site totaling 267,000 square meters, comprising a completed vehicle storage yard in Hidaka City, Saitama Prefecture, and a related company’s factory. The transfer agreement, effective on the same day, resulted in a transfer gain of approximately 40 billion yen. While the recipient of the transfer is a domestic corporation, the specific name has not been disclosed at this time.

This strategic move by Hino Motors to transfer the specified site aligns with their business decisions and real estate management strategies. Stay tuned for any further developments or announcements related to this transfer as Hino Motors continues to focus on optimizing their operations and asset management practices.