Subaru vehicle maker Fuji Heavy Industries today reported operating profits up 8.3 percent for the financial year.

Group operating profit rose to 88.5 billion yen ($US691 million) for the year ended March 31.

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Net profit rose 34% to 30.3 billion yen, the first time in three years that Fuji, 20% owned by General Motors, has boosted profits in three years.

Earnings per share rose from 29.06 yen a year ago to 38.83 yen.

However, the company forecast current year operating profit down 30% to 62 billion yen.

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