Daihatsu Motor Co., an affiliate of Toyota Motor Corp., said Monday it posted a group net profit of 1.52 billion yen in the April-June quarter on sales of 238.87 billion yen.
Comparable figures for the same quarter a year earlier were not available.
In its consolidated earnings report, Daihatsu, which specializes in small cars, said it posted a pretax profit of 4.41 billion yen. Net profit per share came to 3.55 yen.
In the full-year that ended March 31, the company logged a group net profit of 14.78 billion yen and a group pretax profit of 19.52 billion yen on sales of 969.57 billion yen.
For the current business year, Daihatsu left its group earnings forecast unchanged. In April, it projected a net profit of 11 billion yen and a pretax profit of 21 billion yen on sales of 990 billion yen.
Hino logs turnaround
Leading truck and bus maker Hino Motors Ltd. on Monday reported a group net profit of 3.69 billion yen for the April-June term on increased sales, a turnaround from a loss of 1.74 billion yen in the same quarter a year earlier.
Hino also posted a group pretax profit of 6.96 billion yen for the first quarter of the business year, compared with a loss of 485 million yen a year earlier.
Group sales rose 23.7 percent to 220.04 billion yen on strong domestic demand for trucks spurred by stricter emissions regulations.
Domestic sales of trucks and buses totaled 8,751 units in the April-June quarter, up from 5,983 units a year earlier.
Sales of vehicles produced for other companies totaled 48,486 units, up from 41,542 units.
Net profit per share came to 6.42 yen, compared with a per-share net loss of 3.03 yen the previous year.
Hino is 50.1 percent owned by Toyota Motor Corp.