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.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
SUBSCRIBE NOW
PHOTO GALLERY (CLICK TO ENLARGE)
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.