Toyota Motor's truck and bus unit Hino Motors on Thursday forecast a ¥6 billion operating profit for the fiscal year ending in March 2023, confounding analyst forecasts for a loss due to an engine data scandal.
However, it did not disclose operating income and net profit forecasts for the year, as it was unable to "reasonably" calculate losses attributed to the engine data scandal.
The truck-maker became mired in a reputation-tarnishing emissions data scandal this year affecting 640,000 vehicles after admitting to falsifying data on some engines dating back to 2003.