Subaru’s parent Fuji says operating profits may decline in 2011

Subaru

Subaru’s parent company Fuji Heavy Industries Ltd, which owns Subaru, said it is preparing for a decline in 2011 operating profit. The statement was made by Fuji’s Chief Financial Officer Mitsuru Takahashi in an interview with Nikkei business daily.

For the fiscal year ending this month, the group’s operating profit is expected to swell 210 percent to 85 billion yen ($1.03 billion USD) but profits are expected to see a decline due to expenses and other factors.

Fuji will be focusing its investments on domestic car assembly and production lines for high-efficiency engines and continuously variable transmissions, the Nikkei said.

– By: Omar Rana

Source: Reuters