4 Japan Automakers Enjoy Sales, Profit Growth in April-Sept.

Economy

Tokyo, Nov. 8 (Jiji Press)--Four of seven major Japanese automakers logged year-on-year growth in both group sales and net profits in the first half of fiscal 2018, thanks in part to brisk sales mainly in Asia and the yen's weakening, according to their earnings reports released by Thursday.

Sales hit the highest levels on a fiscal first-half basis at Toyota Motor Corp. <7203>, Honda Motor Co. <7267> and Suzuki Motor Corp. <7269>, standing at 14,674 billion yen, 7,865.8 billion yen and 1,929.4 billion yen, respectively.

In the April-September period, net profit rose 16.0 pct to 1,242.3 billion yen at Toyota, 19.3 pct to 455.1 billion yen at Honda and 30.7 pct to 136.1 billion yen at Suzuki.

The three companies revised up their earnings projections for the full year to March 2019.

Mitsubishi Motors Corp. <7211> saw its sales rise by 23.4 pct to 1,169.3 billion yen and net profit by 7.2 pct to 51.8 billion yen. But the firm left its full-year estimates unchanged.

[Copyright The Jiji Press, Ltd.]

Jiji Press