Several major Japanese automakers have reported strong financial results for the first half of the fiscal year, benefiting from a weaker yen. Honda Motor announced that its group sales surged 13% to a record 12 trillion yen (about 76 billion dollars) in the April-to-September period, with net income rising nearly 66%.
Suzuki Motor also achieved record sales, reaching 3.4 trillion yen, up 19% from the previous year. The company's net income increased nearly 32%, and its operating profit turned positive for the first time in two half-year periods.
Subaru joined the list of automakers with record sales, reporting a 5% increase to 2.5 trillion yen. Net profit climbed almost 13% during the same period.
Japan's largest automaker, Toyota Motor, also posted impressive results. Sales grew 9.5% to nearly 27 trillion yen, while net income jumped 26%. The weaker yen appears to have played a significant role in boosting the financial performance of these companies.