• Kyodo News


Fuji Heavy Industries Ltd. said Friday it incurred a consolidated net loss of ¥69.93 billion in fiscal 2008, which ended in March, and expects to see a loss of ¥55 billion in the current fiscal year due mainly to a car sales slump.

The yen’s appreciation and the stock market fall also hurt its earnings performance amid the financial crisis that spread to take a toll on the real economy, the company said.

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