Takata Corp has refused to accept claims that recall of its faulty airbags will cost 2.7 trillion yen
Bloomberg reported on Wednesday the figure and cited a source that is not yet named.
Takata has acknowledged some airbag inflators explode with too much force and spray metal shrapnel into the car.
The US traffic safety authority linked the global loss of 10 lives to the fault.
“We have not announced anything to the effect of the report, and it is untrue that we have calculated the estimated costs (of the recall),” the Tokyo-based company said in a statement.
The company also added that determining the recall cost is not easy now that there are investigations into the possible cause of the exploding airbag inflators.
Bloomberg has reported that in a bad scenario, Takata may recall up to 287.5m airbag inflators.
The official figures that were provided on 22nd January informed that over 5 million inflators had been recalled by the US National Highway Traffic safety Administration (NHTSA). That sums up the total US inflators recall to over 28m.
In November, Takata agreed to pay a $70m fine for safety violations and may face deferred penalties of up to $130m.