Suzuki Motor boosted fiscal third quarter (to 31 December 2015) sales 9.9% year on year to JPY2,355.6bn though sales in Japan fell 2.6% to JPY753.5bn due to increased light motor vehicle tax and a fall in 'OEM' sales of rebadged models to other automakers. This was offset by a rise in overseas sales of 17% to JPY1,602.1bn due mainly to an increase in India sales.
Operating income increased 8.2% to JPY146.2bn due to the rise in Indian sales. Net income rose 28.0% to JPY102.3bn.
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Sales by the automobile business increased 11.1% to JPY2,130.7bn. Operating income was up 9.5% to JPY146.4bn.
Forecasts for the full year remained mostly unchanged: sales up 2.8% to JPY3,100.0bn; operating income up 8.7% to JPY195.0bn; and net income up 23.9% to JPY120.0bn (down JPY5.0bn from the previous forecast).
