Toyota subsidiary Daihatsu has announced its group net profit for the April-September period surged 35.6% to 17.14 billion yen.
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The small car specialist said its operating profit for the first half of the current business year also rose 11.3% to 27.91 billion yen on sales of 880.84 billion yen, up 7.6%.
The firm has seen bouyant sales this year. Its new Move Conte minicar became Japan’s best-selling car in September.percent.
The Osaka-based automaker raised its sales forecast for the whole of the current business year through next March from the originally projected 1.75 trillion yen to 1.78 trillion yen.
However, Daihatsu lowered its full-year operating profit outlook from 61 billion yen to 56 billion yen reflecting the impact of a stronger local currency. Its net profit forecast was maintained at 32 billion yen.
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By GlobalDataIn the three months ended Sept. 30, the carmaker’s net income surged 45% to 5.5 billion yen, with sales rising 4.7% to 435 billion yen. Fiscal second-quarter vehicle sales rose 5.2% in Japan to 147,974 units. Overseas sales rose 13% to 60,449 units.
