Suzuki announces Financial Results for FY2012 First Quarter
(April 2012 to June 2012)
- Increased consolidated net sales, operating income, and ordinary income for the first time in two corresponding periods.

1.Outline of Financial Results for FY2012 First Quarter (April 2012 to June 2012)

The Japanese domestic net sales of the first quarter (April 2012 to June 2012) increased to ¥267.0 billion by ¥65.4 billion (32.4%) compared to the corresponding period of the previous fiscal year, when the production dropped due to the impact of the Great East Japan Earthquake. As for the overseas, the net sales decreased by ¥27.9 billion (6.9%) to ¥377.8 billion year-on-year due to the impact of the yen appreciation and the economic stagnation in Europe. As a result, the overall consolidated net sales increased by ¥37.5 billion (6.2%) to ¥644.8 billion year-on-year for the first time in two corresponding periods.

In terms of the consolidated income, the operating income increased by ¥10.0 billion (39.4%) to ¥35.6 billion year-on-year, the ordinary income increased by ¥11.4 billion (39.9%) to ¥40.2 billion year-on-year, and the net income increased by ¥5.8 billion (30.6%) to ¥24.5 billion year-on-year. The Group was able to increase the operating income by covering the factors of income decrease such as decrease of overseas sales and the impact of the exchange rate with the factors of income increase such as increase of Japanese domestic automobile sales and cost reduction.

The Operating income and the ordinary income increased for the first time in two corresponding periods, and the net income increased for three consecutive corresponding periods.

2.The Operating Results by Segmentation

In the motorcycle business, the net sales decreased by ¥15.9 billion (21.1%) to ¥59.5 billion year-on-year due to the sales decrease in Europe, North America, and Asia. The operating income of ¥0.3 billion in the previous corresponding period became an operating loss of ¥3.5 billion.

In the automobile business, the Japanese domestic net sales largely increased from the previous corresponding period, when the production dropped due to the impact of the Great East Japan Earthquake. This is a result of expanding its sales by launching the Solio Bandit and strengthening the products by improving the fuel efficiency of the MR Wagon, the Alto Lapin, the Alto, and the Palette. The overseas net sales decreased year-on-year. This was because although the net sales in Asia increased, there were decrease of sales in Europe and the impact of the yen appreciation. As a result, the overall net sales of the automobile business increased by ¥54.6 billion (10.5%) to ¥571.9 billion year-on-year. The operating income increased by ¥14.2 billion (61.6%) to ¥37.5 billion, marking the highest operating income ever for the first quarter.

In the marine and power products, etc. business, the net sales decreased by ¥1.2 billion (8.3%) to ¥13.4 billion mainly due to the decrease of exports to Europe. The operating income decreased by ¥0.4 billion (22.7%) to ¥1.6 billion.

As for the operating results by geographical areas, although Europe and Asia decreased income, largely due to the impact of the economic stagnation in Europe and the exchange rate in Asia, Japan marked the highest operating income ever for the first quarter mainly due to the increase of income in the Japanese domestic automobile business.

3.Forecasts for the consolidated operating results

As for the forecasts for the consolidated operating results, although the Group has reviewed figures such as the foreign exchange rate and the sales units, there are no changes to the targets of the net sales and the income.
The Group will work as one to reform in every field to accomplish more than the below forecasts for the consolidated operation by pursuing the business activity.

First Half

Full Year

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