Suzuki Motor on Friday lifted its parent-only profit estimates for the first half of the business year, citing better-than-expected car and motorcycle sales around the world, Reuters reported.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Suzuki Motor, owned 20% by General Motors, now estimates net profit at 17.8 billion yen ($US155.8 million) for the six months ended Sept. 30, or 27% better than its initial forecast of 14 billion yen.
The new estimate would represent a 6.1% fall from the same period last year, Reuters noted.
First-half sales are now estimated at 764 billion yen, up 11% from the original forecast and 7.2% up from the 712.83 billion yen booked a year earlier.
Suzuki, which typically sets ultra-conservative forecasts, reportedly said vehicle sales were healthier both in Japan and abroad.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
