Suzuki achieved improved profits for the first half of fiscal year 2010
Suzuki Motor Corporation marks increases both in sales and profit for the first half (1 April
through 30 September 2010) of FY 2010 despite continued severe market condition.
The Group achieved consolidated sales of ¥1,318.8 billion (up ¥137.2 billion, 111.6% y-o-y)
thanks to increased automobile sales in Japan and increased motorcycle sales in Asia
despite automobile and motorcycle sales decrease in North America and Europe.
As for consolidated profits, the Group achieved operating income of ¥68.8 billion (up ¥37.0
billion y-o-y), ordinary income of ¥74.9 billion (up ¥35.8 billion y-o-y), and net income of
¥30.4 billion (up ¥17.9 billion y-o-y) because the sales increase and the cost reduction
covered the reduced profits caused by the exchange influences and the increase in various
expenses, R & D expenses and depreciation expenses.
As for operating results of automobile segment, sales increased to ¥1,168.5 billion (up
¥140.7 billion, 13.7% y-o-y) and operating income of ¥68.4 billion (up ¥36.1 billion, 111.8% yo-
y) thanks to sales increased in Japan and Asian countries such as India and Indonesia.
Regarding motorcycle segment, sales of the motorcycle business decreased by ¥11.3 billion
(8.0%) to ¥131.2 billion year-on-year due to the sales decline in North America, Europe and
Japan although the sales increased in Asia. As for profits, operating loss was reduced by
¥1.4 billion year-on-year because of improvement of operating results in Asia, but operating
loss was ¥4.1 billion on account of the continued sales slowdown of large-size motorcycles
for Europe and the US.
Sales of marine and power products, etc. business increased by ¥2.4 billion (11.4%) to ¥24.2
billion year-on-year thanks to the sales increase mainly in Europe, Asia and Oceania.
Operating income also increase by ¥0.7 billion (27.2%) to ¥3.6 billion year-on-year.
Taking the situation of FY2010 first half into account, the Group has revised the consolidated
business full year forecast as follows.
(Forecasts for Consolidated Operating Results – Full Year)
Net Sales: ¥2,550 billion (up 3.3% y-o-y)
Operating Income: ¥100 billion (up 26.0% y-o-y)
Ordinary Income: ¥110 billion (up 17.2% y-o-y)
Net Income: ¥35 billion (up 21.0% y-o-y)
¥84/US$ (1st half: ¥89, 2nd half: ¥80)
¥112/Euro (1st half: ¥114, 2nd half: ¥110)
* The forecasts for consolidated operating results are calculated based on currently available information and
assumptions and contain risks and uncertainty. Please note that the future results may greatly vary by the
changes of various factors. Those factors, which may influence the future results, include economic conditions
and the trend of demand in major markets and the fluctuation of foreign exchange rates (mainly Yen/US dollar
rate, Yen/Euro rate).