Hino Motors' financial results for the entire group last year showed a deficit of over 80 billion yen due to the increase in recall costs due to the problem of submitting incorrect data on exhaust gas to the government. ..
The deficit is the largest ever, and we have not announced the earnings forecast for this year.
Hino Motors announced on the 27th that the group's financial results for the last year were 1,459.7 billion yen in sales and 84.7 billion yen in final profit and loss.
We have not announced a comparison with the previous year due to changes in accounting standards, but the final deficit will be the second consecutive year.
Hino Motors has discovered the problem of submitting incorrect data on exhaust gas to the government, and recorded the cost required for recall as an extraordinary loss, so the deficit has become the largest ever. rice field.
In addition, the company has forgotten to publish its one-year earnings forecast for the current year, as the discovery of fraud has revoked the certification required for car production and there is no prospect of resuming production.
Regarding fraud, an investigation committee of outside experts is currently investigating the cause and examining measures to prevent recurrence.
At an online press conference, President Satoshi Ogiso said, "We have received an unprecedented administrative punishment for the cancellation of type approval. We take this seriously and will make every effort to prevent recurrence."