Suzuki Motor Corp. said Thursday its group net profit for fiscal 2011 is expected to rise 10.7 percent from the previous year to ¥50 billion as it aims to accelerate sales in other parts of Asia.
In a belated earnings forecast for the year from April compiled in the aftermath of the March disaster, the maker of minivehicles and motorcycles also said it expects its group operating profit to increase 2.9 percent to ¥110 billion on sales of ¥2.61 trillion, up 0.1 percent.
Suzuki said its sales of four-wheel vehicles are expected to rise 6.7 percent to 2.82 million units, lifted by 9.3 percent growth in overseas sales in markets such as in India, China and Indonesia, more than offsetting a 2.3 percent dip in domestic sales.