Truck and bus builder Hino Motors boosted group net profit in fiscal 2005 62.4% year on year to 28.70bn yen as sales increased 5.9% to 1.20 trillion yen.
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Consolidated pretax profit for the year to 31 March was up 6.0% to 42.13 million yen, Kyodo News reported.
Hino’s truck and bus sales increased 11.2% to 56,356 units in Japan and 2.4% to a record 45,894 units overseas while its global truck and bus sales rose 7.1% to 102,250 units.
Hino’s truck production for Toyota during the year decreased 23.9% to 188,779 units, the news agency noted.
The company offered to raise dividend payments for fiscal 2005 to 9 yen per share from 6 yen in the previous year but, for fiscal 2006, Hino expects group net profit to fall 23.4% to 22bn yen on 1.22 trillion yen in sales, up 2.0%, Kyodo News added.
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