TOKYO -- Japanese compact carmaker Suzuki Motor Corp. on Friday lifted its parent-only profit estimates for the first half of the business year, citing better-than-expected car and motorcycle sales around the world.
Suzuki Motor, held one-fifth by General Motors, now estimates net profit at 17.8 billion yen ($155.8 million) for the six months ended Sept. 30, or 27 percent better than its initial forecast of 14 billion yen.
The new estimate would represent a 6.1 percent fall from the same period last year.
First-half sales are now estimated at 764 billion yen, up 11 percent from the original forecast and 7.2 percent up from the 712.83 billion yen booked a year earlier.
Suzuki, which typically sets ultra-conservative forecasts, said vehicle sales were healthier both in Japan and abroad.
It left its group-based forecasts unchanged, adding results would be announced on Oct. 31.