TOKYO, Nov 5 (Reuters) - Subaru Corp will reduce output at its main factory in Japan after finding new cases of inspection cheating and will slash its annual profit forecast by a quarter to 220 billion yen ($1.94 billion), the Nikkei business daily reported on Monday.
Japan’s smallest major automaker is due to announce its first-half results along with new information on improper vehicle inspections at 3 p.m. (0600 GMT). The company delayed the announcement by two hours earlier on Monday.
Subaru’s most recent operating profit forecast is a slide of 21 percent to 300 billion yen for the year to March 31, 2019. ($1 = 113.2600 yen)
Reporting by Chang-Ran Kim; Editing by Christopher Cushing