Suzuki boosted net income in the first six months of fiscal year 2011/12 5.3% year on year to JPY32bn (US$415m), up JPY2.0bn (6.7%) from forecast.
This was because the JPY17.5bn booked as an extraordinary loss to cover earthquake damage was offset by one-off items such as a gain on sales of GM stock.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Consolidated H1 net sales fell 7.0% to JPY1,226.2bn because of the earthquake, yen appreciation and lower sales in India due to the protracted strike there.
Operating income fell 5.9% to JPY64.7bn but this was limited due to increased production and sales in Japan, cost reduction and lower expenses and was 62% higher than forecast.
For the full fiscal year ending 31 March 2012, the company expects to report sales of JPY2,610bn (up 0.1%), operating income of JPY110bn (+2.9%) and net income of JPY50bn (+10.7%).
