UPDATE 1-Fuji Heavy CFO says op profit may decline in '11-Nikkei

March 10 (Reuters) - Fuji Heavy Industries Ltd is preparing for a decline in 2011 operating profit, its Chief Financial Officer Mitsuru Takahashi told the Nikkei business daily in a recent interview.

For the year ending this month, the group's operating profit is expected to swell 210 percent to 85 billion yen but profits are expected to be hit by amortization expenses and other factors, the paper reported.

The manufacturer of the Subaru-brand vehicles expects increased payments of sales incentives in the U.S. in the January-March quarter, and net profit for 2011 could top the all-time high anticipated this fiscal year on proceeds from the sale of its headquarters in Shinjuku, the business daily said.

The company will likely focus its investments on domestic car assembly infrastructure and production lines for high-efficiency engines and continuously variable transmissions, the Nikkei reported. (Reporting by Tanya Agrawal; Editing by Joyjeet Das)