Photo: Toru Hanai / Reuters
Operating profit amounted to 10.3 billion yen, approximately SEK 720 million, up from the 7.7 billion yen reported for the same quarter last year. Although revenues increased, by more than 20 percent to 181.4 billion yen.
The improved result is explained by stronger sales to the United States and China, as well as better than expected demand from Japan, said a spokesman for the company told Bloomberg News.
Takata remains plagued of the product failure that forced massive recalls of cars to control the airbags inflators. In the second quarter cost the company 5.4 billion yen, about 380 million. In total the company now reserved over 70 billion yen for costs associated with the withdrawals.
The company has asked the manufacturers to get spread out the costs for the replacement of gas generators, it appears on.
Takata raises its forecast of revenue in 2015 for 720 billion yen, an increase of almost 3 percent. The forecast for operating profit turned up to 40 billion yen, from the previous 34 billion.
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