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Daihatsu’s full manufacturing halt following the extra fallout from its security take a look at scandal is about to harm the automaker financially. In line with a Nikkei Asia information report, it’s estimated that the corporate might undergo over 100 billion yen (RM3.2 billion) in losses stemming from its plant shutdown in addition to from offering monetary compensation to suppliers.
The model hasn’t supplied a date as to when home manufacturing will resume, however earlier information studies indicated that it mentioned the manufacturing halt would final at the very least till the tip of January. As for Indonesia and Malaysia, manufacturing and shipments have resumed.
On prime of its personal misplaced home gross sales, Daihatsu is because of negotiate with suppliers about compensating them for misplaced revenue, and that is anticipated to be pricey. On prime of all this, additional bills stemming from investigations and extra security checks are additionally set to return into the equation.
For fiscal 2022, the automaker reported a consolidated working revenue of 141.8 billion yen (RM4.6 billion) and a internet revenue of 102.2 billion yen (RM3.3 billion), but it surely isn’t wanting as rosy now. Ought to the affect of the scandal push consolidated earnings into the crimson, it could mark the primary such losses the corporate has confronted in 30 years, the report added.
It appears to be like unlikely to face any money stream issues instantly, as a result of as of the tip of March, the corporate’s liquid property minus liabilities to be repaid got here to simply over 500 billion yen (RM16.2 billion). Nonetheless, manufacturing and gross sales aren’t the one issues the corporate has to fret about, as a result of the scandal – which resurfaced after a security investigation carried out by an unbiased panel discovered points involving 64 fashions – has caught the eye of regulators.
Japan’s transport ministry is conducting its personal investigation and has directed Daihatsu to halt shipments till the security of its autos could be verified, a course of which may draw out for months. Moreover, the corporate might face different penalties, together with revocation of the certification required for mass manufacturing.
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