Fuji Heavy Reports Rise In Q1 Net Profit

Fuji Heavy Industries Ltd FUJHY reported a rise in its net profit for the first quarter. Fuji Heavy's quarterly net profit rose to Y28.45 billion, from Y19.14 billion, in the year-ago period. Its sales fell 19% y/y to Y300.39 billion from Y370.29 billion. Its operating profit dropped 53% to Y10.67 billion from Y22.63 billion. Fuji Heavy shares declined 0.87% to close at $79.65 yesterday.