Subaru Corp. on Monday revised downward its full-year group earnings forecast for the business year through next March as the carmaker moves to grapple with its decades-old faulty product inspections.
For fiscal 2017, Subaru now expects its group operating profit to stand at ¥380 billion ($3.3 billion), compared with ¥410 billion projected in August, because it estimates the costs of rectifying the inspection issue at ¥10 billion.
Group net profit is estimated at ¥207 billion, down from ¥228.5 billion, on sales of ¥3.38 trillion, down from its earlier estimate of ¥3.42 trillion.