Isn't that an Ultraman flick.
Yes...sort of!
Here's a quote that hopefully explains it...
"Let me tell you about a a very cool little film that you probably have never heard of called "Space Warriors 2000" which is a mish-mash of clips from old "Ultraman" episodes, and from the looks of it other Japanese monster movies, combined with new footage to create a stand alone movie.
Think of it like "Power Rangers", "Gamera Super Monster" or how Turkish sci fi films are made.
Anyway the film was produced in the mid 1980s and released to TV here in the United States. After the movie aired it disappeared into obscurity never to be seen again..."