The Hino Motors group's interim financial results show that shipments of almost all trucks for the domestic market were temporarily suspended in response to the problem of fraudulent inspection data such as exhaust gas, resulting in a large final profit of more than 70%. profit decreased significantly.
Hino Motors announced on the 27th that the financial results from April to last month were 733.3 billion yen, which was 6.4% higher than the same period of the previous year due to strong overseas sales and the weak yen. profit was 3.4 billion yen, a significant decrease of 70.4%.
This is due to the temporary suspension of shipments of almost all trucks for the domestic market due to the problem of fraudulent inspection data, and the domestic sales volume dropped by more than 30%. The main reason is the expansion of
Regarding the earnings forecast for this fiscal year, we expect sales to increase by 4.8% from the previous fiscal year to 1.53 trillion yen, but we will continue to refrain from announcing the final profit and loss due to the unforeseeable impact of the fraud problem.
In this issue, there is still no prospect of resuming shipments of large trucks equipped with engines whose certifications necessary for car production have been revoked, and the impact is protracted.
At an online press conference, President Satoshi Ogiso said, "We will thoroughly implement the recurrence prevention measures submitted to the Ministry of Land, Infrastructure, Transport and Tourism, and work to obtain recertification for models whose models have been canceled as quickly as possible." I was.