30/10/2008 18:08. Oct. 30 (Bloomberg) -- Hino Motors Ltd. , Japan's biggest maker of heavy-duty trucks, fell in Tokyo after the company cut its full-year profit forecast on lower sales to Toyota Motor Corp. and declining domestic demand.

Hino fell 5 yen, or 2 percent, to close at 241 yen on the Tokyo Stock Exchange.

Net income will plunge 91 percent to 2 billion yen ($20.7 million) in the year ending March 2008 from 22.18 billion yen a year earlier, the Tokyo-based company said in a statement yesterday after the market closed. The company, 50 percent owned by Toyota, had previously forecast net income of 22 billion yen for the period.

``I have to question whether the company can meet even the revised forecast as the outlook for overseas sales looks very difficult,'' said Chikashi Okabe, a Tokyo-based... // Bloomberg

Total: 4 news articles
First News Article: Bloomberg, 30/10/2008 10:53