TOKYO — Nissan, Japan’s second-biggest automaker, cut its earnings forecast today to reflect tougher than expected conditions in many markets and expensive recalls.

The company posted a $1.1 billion net profit for the July-September quarter, a meager 2 percent increase from a year earlier. Quarterly sales rose 16 percent to $25.4 billion.

“We had very costly recalls that hit our earnings,” Nissan President and Chief Executive Carlos Ghosn said in a video statement. The company cut its profit forecast for the full fiscal year ending March by 15.5 percent to $3.6 billion.

Nissan said last week it was recalling more than 188,000 Nissan and Infiniti SUVs worldwide to fix faulty brake control software that could increase the risk of a crash. In September, it recalled 908,900 vehicles around the world for defective accelerator sensors that could cause engines to stall.

By The Associated Press