Daihatsu has posted group net profit for the April-September (fiscal H1) period came to 36.76 billion yen, down 17.3% on last year’s record high.

It said that slower domestic sales amid intensified competition in the minicar segment offset robust sales in major overseas markets.

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Sales volume in the first half of the year to March shrank 4.8% in Japan against a 3.3% rise abroad, bolstered by gains of 8.7% in Indonesia and 4.1% Malaysia, Daihatsu said.

Daihatsu also said that its operating profit fell 4.7 percent to 70.28 billion yen on sales of 900.17 billion yen, up 4.3%.

The company revised downward its full-year net profit forecast to 80 billion yen, down 1.7% from the previous year.

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