By Kosaku NariokaToyota Industries Corp. shares fell sharply Monday morning after the Japanese machinery maker suspended domestic shipments of certain forklifts due to potential violation of emission regulations. The shares were recently 8.8% lower at 7,070 yen after falling as much as 10% earlier. Toyota Industries said Friday after market close that it suspended shipments of forklifts equipped with three engine models in Japan because it failed to conduct emission tests properly. Toyota Industries said several executives would decline to receive some of their compensation. Write to Kosaku Narioka at kosaku.narioka@wsj.com(END) Dow Jones NewswiresMarch 19, 2023 22:14 ET (02:14 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal March 20, 2023 02:20 UTC