TOKYO – Japanese auto safety parts supplier Takata Corp <7312.T> said on Thursday it expected to book a special profit of about 10 billion yen ($99 million) in the July-September quarter from the sale of U.S. interiors unit Irvin Automotive Products Inc.
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Takata is selling the unit to Detroit automotive supplier Piston Group. The deal is not directly related to the larger effort to secure a lifeline for Takata and its primary seat belt and air bag businesses.
Takata said in a statement it was currently calculating the impact on its full-year financial forecasts, adding it would announce any change as soon as it could.
(Reporting by Chang-Ran Kim; Editing by Joseph Radford)