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Market - Japan - Hino Motors Shares Fall After Truckmaker Cuts Profit Forecast
Tokyo,Japan -Bloomberg, by Naoko Fujimura -Oct. 30, 2006: -- Shares of Hino Motors Ltd., Japan's largest maker of heavy-duty trucks, fell as much as 5.2 percent after the company trimmed its annual profit forecast... Hino on Oct. 27 said its net income will probably total 18.6 billion yen ($158 million) for the year ending March 31, 16 percent less than its previous estimate of 22 billion yen. Domestic truck sales will be weaker than earlier expected in the second half, Tokyo-based Hino said... The company, half owned by Toyota Motor Corp., expects profit to drop for the first time in two years due to a lack of one-time gains...
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