Takata Corp., the Japanese air-bag maker at the center of a safety crisis, widened its annual loss forecast and warned it can't estimate the full financial liability as regulators urge automakers to speed up recalls.
The auto-parts maker expects a ¥25 billion ($218 million) loss this fiscal year, compared with its August forecast for a record ¥24 billion net loss, the Tokyo-based company said Thursday in a statement. Takata also said it's difficult to estimate the amount of damage claims it has received in the U.S.
Thursday's statement marks a reversal for the company, which booked a ¥45 billion charge in the first quarter and said last month that additional costs related to recalls would be limited. Hideyuki Matsumoto, a company spokesman, couldn't immediately comment.