Takata is taking more special losses related to airbag recalls as it forecast that it will record a loss of 25bn yen in the year to the end of March 2015.
The new forecast loss for the current fiscal year is up on the previous figure of 24bn yen.
Go deeper with GlobalData
Takata had already booked a special loss of 45bn yen for the April-June period for airbag recall costs but will now take an additional special loss of 2.3bn yen for additional recalls announced recently by a number of OEMs.
Takata also reported a loss for the July-September period of 35bn yen which compares with a 769m yen profit a year earlier.
The company is embroiled in global airbag recall involving over 12m airbags and ten OEMs.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
