The company, a major manufacturer of automotive parts and chips, lowered its full-year operating profit forecast to 420 billion yen ($3.26 billion) for the year to end-March, a 60 billion-yen cut from the 480 billion yen expected previously.

That was lower than a 474.21 billion yen average forecast by 20 analysts.

($1 = 128.6600 yen)

(Reporting by Daniel Leussink; Editing by Muralikumar Anantharaman)