Suzuki made headlines earlier this week when its American subsidiary filed for Chapter 11 and announced it is quitting the automobile business to focus on motorcycles and its marine operations. American Suzuki‘s car business has been struggling for a while and it remains to be seen how these developments will affect its motorcycle business.
Today, Suzuki released its report for the first half of its 2012-2013 fiscal year, providing much needed context to the earlier news. Globally, Suzuki reported a profit of 41.9 billion yen (US$527.5 million) over the six months ended Sept. 30, 2012. This represents a 30.9% increase on the profit of 32.0 billion yen in the first half of the previous fiscal year.
In North America, however, the news is less positive. Suzuki reported net sales of 47.7 billion yen (US$600.4 million) for the first two quarters, down from 49.6 billion yen (US$624.3 million) in the same period of 2011. Despite the decreased sales, the bottom line improved to a profit of 700 million yen (US$8.8 million), an improvement from the loss of 300 million yen in the same period last year.
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