Fuji Heavy Industries Ltd., maker of Subaru vehicles, saw operating profit rise 8.3% to ¥88.5 billion ($691 million) in the fiscal year ended March 31, 2002, beating analysts’ expectations. Fuji net profit climbed 34% to ¥30.3 billion ($240.8 million), marking the first rise in three years. Revenue was up 3.9% to ¥1.36 trillion ($10.8 billion). However, Fuji expects operating profit to drop 30% to ¥62 billion ($492.7 million) in the current fiscal year due to increased development costs, ...
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