[TOKYO] Takata Corp shares surged by a record after forecasting an annual profit despite being on the hook for potentially billions of dollars in costs related to its defective air bags that have yet to be apportioned. The Tokyo-based manufacturer jumped as much as 24 per cent in intraday trading after predicting it will make a profit of 13 billion yen (S$164 million) for the fiscal year ending March. The company had a 13.07 billion yen deficit the preceding period. There's no serious funding concern or material uncertainty over itself as a going concern because the company will take steps including cost cuts, sale of non-core businesses and overhaul its inflator business, Takata said in a statement. Takata air bags have deployed too forcefully, rupturing and spraying parts at vehicle occupants.