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March 10, 2011updated 08 Apr 2021 8:11am

JAPAN: Subaru maker sees 2011 operating decline

Fuji Heavy Industries is preparing for a decline in 2011 operating profit, its chief financial officer Mitsuru Takahashi told the Nikkei business daily.

Fuji Heavy Industries is preparing for a decline in 2011 operating profit, its chief financial officer Mitsuru Takahashi told the Nikkei business daily.

For the year ending this month, the group’s operating profit is expected to grow 210% to JPY85bn but profits are expected to be hit by amortisation expenses and other factors, the paper reported, according to Reuters.

The Subaru vehicle maker expects increased payments of sales incentives in the US in the January-March quarter, and net profit for 2011 could top the all-time high anticipated this fiscal year on proceeds from the sale of its headquarters in Shinjuku, the business daily said.

The company will likely focus its investments on domestic car assembly infrastructure and production lines for high-efficiency engines and continuously variable transmissions, the Nikkei reported.

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