Suzuki Motor first fiscal quarter net profit rose 30.6% year on year to JPY24.5bn (US$312m) as strong domestic sales offset the strong yen.

Sales rose 6.2% to JPY644.8bn and operating profit jumped 39.4% to JPY35.6bn, news agency AFP reported.

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“The group was able to increase the operating income by covering the factors of income decrease such as decrease of overseas sales and the impact of the exchange rate with the factors of income increase such as increase of Japanese domestic automobile sales and cost reduction,” Suzuki said.

It left unchanged its full year forecast, projecting JPY70bn in net profit and JPY120bn in operating profit on sales of JPY2.6 trillion for the full fiscal year to 31 March, 2013.

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