TOKYO -- Japan's Fuji Heavy Industries Ltd., the maker of Subaru cars, kept its full-year revenue and profit forecasts unchanged on Tuesday, saying new models would help speed up sales in the final quarter.
Announcing nine-month sales figures, the niche maker of off-road vehicles said April-December revenues totalled $9.73 billion, accounting for slightly less than three-quarters of its full-year forecast.
It gave no comparisons from the year before, and did not provide profit figures.
"The new Legacy car and minivehicle R2, launched last December, should contribute to sales (in the current quarter), so we are keeping our full-year consolidated sales forecast unchanged," it said in a statement.
In November, the company, owned one-fifth by General Motors, slashed its group operating profit forecast for the year to March 31 to 53 billion yen, citing a brutal price war in the key U.S. market.
That was 15 percent lower than its forecast in May and would represent a 22 percent fall from last year.
By volume, it sold 166,000 vehicles in Japan during the nine months, compared with a forecast of 259,000 units for the full year, and 219,000 units overseas, against a full-year forecast of 300,000 cars.
Analysts say Fuji Heavy's ability to emerge from the sales slump hinges on the performance of the remodelled flagship Legacy in the United States, where it goes on sale in June.
The automaker is forecasting a full-year group net profit of 36 billion yen, which would be up 7.5 percent from the previous year, lifted by sales of stock and a lower tax burden.