Global News

10 May 2011

Suzuki improves sales and profits in the fiscal year 2010

Suzuki Motor Corporation ended the financial year through 31 March 2011 with increased consolidated sales and profits compared to those of the previous year, despite a severe market situation. The tough situation caused by the exchange influences was recovered by the increased sales of automobiles and motorcycles in Asia, and the increased income by the sales increase and the cost reduction.

Consolidated sales increased to ¥2.61 trillion (105.6% y-o-y), and consolidated profits exceeded those of the previous year with ¥106.9 billion of operating income (134.7% y-o-y), ¥122.5 billion of ordinary income (130.5% y-o-y) and ¥45.2 billion of net income (156.2% y-o-y).

As for operating results of automobile segment, the Group achieved increased overall sales volume of 2,642 thousand units (112.4% y-o-y) and increased global sales of ¥2.32 trillion (106.4% y-o-y). The operating income increased to \108.5 billion (119.8% y-o-y) because of the sales increase in emerging countries such as India and Indonesia.

Regarding the motorcycle segment, overall sales volume (ATV included) was 2,695 thousand units (89.3% y-o-y) and global sales were ¥257.7 billion (98.0% y-o-y) with an operating loss of ¥10.8 billion on account of the continued sales slowdown of large-size motorcycles to Europe and the US, but operating loss was reduced by \10.3 billion because of improvement of operating results in Asia.

Sales and operating income of marine and power products business were ¥48.6 billion (107.1% y-o-y) and ¥6.7 billion (126.2% y-o-y) because of the sales increase mainly in Europe, North America, Asia and Oceania.

As for the operating results of regional segmentation, while the management environment of the Group has remained severe in the US and Europe, sales in Asia increased to \948.6 billion (121.5% y-o-y) because of the increased sales of automobiles and motorcycles in various countries such as India, Indonesia, Pakistan and Thailand. Operating income in Asian region decreased to \46.9 billion (83.5% y-o-y).
In Japan, sales were ¥1.57 trillion (105.6% y-o-y) because of the increase in exports of automobiles to Europe, Asia and Central and South America. The operating income in Japan also increased to ¥53.2 billion (155.8% y-o-y).

For the sales outlook of the next year, forecasts for the next fiscal year are undecided because the Company is currently unable to reasonably calculate an impact of the Great East Japan Earthquake on our operating results. The Company will announce the forecasts when they become possible to be disclosed.

For further information, please refer below:
*fiscal year 2010 financial report
http://www.globalsuzuki.com/ir/library/financialresults/index.html
*Suzuki fiscal 2010 car production, sales, and export figures
http://www.globalsuzuki.com/globalnews/2011/0425.html