Suzuki announces Financial Results for FY2013 Third Quarter
(April 2013 to December 2013)
- Increased sales and income for two consecutive periods
- Highest ever income amount and income margin
- Upward revision of full year forecasts for the consolidated operating results

1. Outline of Financial Results for FY2013 Third Quarter (April 2013 to December 2013)

The consolidated net sales of the third quarter (April 2013 to December 2013) increased by ¥252.9 billion (13.9%) to ¥2,075.7 billion compared to the corresponding period of the previous fiscal year, owing to increase in Japan, Asia, and Europe. The Japanese domestic net sales increased by ¥28.2 billion (3.8%) to ¥777.9 billion year-on-year, by covering the decrease in OEM sales with the sales of Suzuki brand vehicles. As for the overseas, the net sales increased by ¥224.7 billion (20.9%) to ¥1,297.8 billion year-on-year.

In terms of the consolidated income, the operating income increased by ¥41.8 billion (45.1%) to ¥134.7 billion year-on-year, the ordinary income increased by ¥38.2 billion (37.6%) to ¥139.5 billion year-on-year, and the net income increased by ¥34.1 billion (70.3%) to ¥82.5 billion year-on-year. The Group was able to increase the operating income owing to increase in income in Asia and improvement in export profit from Japan by the impact of the exchange rate. Each income amount of the operating income, the ordinary income, and the net income, as well as the income margin marked the highest ever for the third quarter.

2. The Operating Results by Segment

In the automobile business, the Japanese domestic net sales covered the decrease in OEM sales by expanding its sales and strengthening the products such as by improving the fuel efficiency of the Alto Eco minicar, in addition to the great sales of the Spacia minicar. The overseas expanded its sales and strengthened the products such as by the launch of the new SX4 S-CROSS crossover in Europe and the Karimun WagonR, a fuel-efficient 1000cc five-seat passenger car that suits the Indonesian government’s Low Cost Green Car (LCGC) policy. The overall net sales of the automobile business increased by ¥219.7 billion (13.5%) to ¥1,846.2 billion year-on-year. The operating income increased by ¥35.1 billion (35.4%) to ¥133.9 billion year-on-year to mark the highest operating income ever for the third quarter, mainly owing to increase in income in Asia including India and Indonesia.

In the motorcycle business, the net sales increased by ¥29.1 billion (17.8%) to ¥192.4 billion year-on-year partly owing to the impact of the exchange rate. As for the operating income, there was operating loss during October 2013 to December 2013 due to decrease in sales of large-displacement motorcycles mainly in Europe and North America by the seasonal factor. However, in accumulation, the operating loss of ¥10.0 billion in the third quarter of the previous fiscal year (April 2012 to December 2012) reduced to an operating loss of ¥4.6 billion.

In the marine and power products, etc. business, the net sales increased by ¥4.1 billion (12.5%) to ¥37.1 billion year-on-year. The operating income increased by ¥1.3 billion (33.4%) to ¥5.4 billion year-on-year.

As for the operating results by geographical areas, Japan marked the highest operating income ever for the third quarter mainly owing to improvement in income by the impact of the exchange rate. Asia also marked the highest operating income ever for the third quarter mainly owing to increase in automobile sales in India, Indonesia, and Thailand. As for Europe, there was increase in income and reduction in loss mainly owing to launch of the SX4 S-CROSS.

3. Forecasts for the consolidated operating results-Full Year

As for the forecasts for the consolidated operating results, as a result of reviewing figures such as the foreign exchange rate and the sales units, the Group has made a revision as per below. 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.

For more information, please click here.