Mazda Motor Corp. and Subaru's parent company Fuji Heavy Industries Ltd. today reported second-quarter profit rose rosy weak yen makes their exports more profitable.
Second-tier automotive manufacturers benefit most from the cheap yen domestic industry, because about 80% of their overseas shipments of Japanese-made cars. Income obtained abroad, is worth more often in a weak yen repatriation.
The results also helped the strong sales in both automotive manufacturers in the United States, its biggest market. Promote the sale of the Forester red SUV and traditional models, Subaru September the first 34 consecutive months of sales growth in the first.
9 months ago, Subaru light vehicle sales in the US grew 20 percent, to 375,485, while Mazda rose 9 percent, to 240,953, according to the Automotive News Data Center. The overall US market rose 6 percent, to 124,000.
Mazda, Japan's fifth-largest carmaker, said today's operating profit increased by 27 percent in the July-September quarter, reaching 47.59 one billion yen ($ 428.8 million).
Manufacturers and other sports sedan Mazda 3 holding its annual profit forecast unchanged and slightly raised its revenue forecast.
Meanwhile, Fuji Heavy Industries, Japan's smallest 8 passenger car manufacturer, raised its full-year operating profit forecast to 382 one billion yen340 one billion yen, and raised its dividend forecast of year 6-62 yen.
Fuji Heavy Industries said it now expects sales of more than 22,000 vehicles overseas this year than initially expected thanks to brisk North American sales, although now see weaker than expected sales in Japan and Europe.
Fuji Heavy Industries said its quarterly operating profit jumped 32%, to ¥ 106.94 billion. Revenue rose 24 percent to 716.85 billion yen.
Dollar above 111 yen soared on Friday after the Bank of Japan to ease monetary policy further accidents.
Mazda and Fuji Heavy Industries has two previously assumed an average exchange rate of 100 yen a year. Earlier today, they adjust these assumptions are 101 yen and 104 yen.
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