Fuji Heavy Reports 27% Drop In Net Profit, Lifts Forecast

Fuji Heavy Industries Ltd FUJHY reported a 27% decline in its net profit in the first half ended September. Fuji Heavy's net profit for the period declined to Y32.75 billion, from Y44.57 billion, in the year-ago period. Its sales dropped 19% to Y655.02 billion, from Y803.99 billion. For the current fiscal year through March, Fuji Heavy lifted its net profit view to Y36 billion from Y35 billion. It also lifted its full year vehicle sales outlook to 645,000 vehicles. Fuji Heavy shares closed at $64.45 yesterday.