At the general meeting of shareholders of Hino Motors, where fraud was discovered over the national certification of exhaust gas, the shareholders expressed harsh opinions such as "Did you detect the fraud sooner?"
Hino Motors discovered the problem of submitting incorrect data on engine emissions and fuel consumption to the government, and the certification required for car production was revoked.
On the 23rd, a general meeting of shareholders was held at the head office in Hino City, Tokyo, and at the beginning, President Satoshi Ogiso apologized for a series of problems.
Shareholders said that if they had properly investigated the fuel economy inspection fraud at other automakers in 2016, the fraud could have been detected earlier, and the officers at that time are now fraudulent. There were a series of harsh opinions as to whether they were involved.
In response to this, the management side said that it would like to clarify measures to prevent recurrence in response to the report of the investigation committee that is currently investigating the cause, and asked for their understanding.
A male shareholder in his 50s who participated said, "It is an impression that the responsibility that was left unattended while recognizing the importance of the problem should be held, and it is doubtful whether management can be steered firmly in the future." ..
In response to this problem, Hino Motors' recall costs have increased, and in the financial results of the entire group last year, the final profit and loss exceeded 80 billion yen, the largest ever deficit, and the business forecast for this year was also announced. We have forgotten, and the challenges are to rebuild our business performance and restore trust.