Subaru maker Fuji Heavy Industries group fiscal first quarter operating profit fell 52.9% year on year to JPY10.67bn after the 11 March earthquake and tsunami in Japan disrupted its vehicle production. But it booked a 48.7% net profit rise to JPY28.45bn thanks to a special profit of JPY26.1bn from selling its headquarters building in Tokyo.
Sales fell 18.9% to JPY300.39bn after the March disaster caused declines in both production and exports and the yen was stronger than the company expected, Kyodo News reported.
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Global vehicle unit sales sagged 21.3% to 118,000 units.
The company also released its earnings estimate for the April-September second quarter, forecasting group sales of JPY650bn, down 19.2, and net profit of JPY23bn, down 48.4%. Operating profit was seen down 82.6% to JPY10bn.
