News Suzuki Improves First-Half FY2010

Suzuki Improves First-Half FY2010

Suzuki Results

Suzuki Motor Corporation records increases both in sales and profit for the first half (April through Sept 2010) of FY2010 despite continued severe market condition.

The Suzuki 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, 111.8% y-o-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.

2010 Full-Year Forecasts for Consolidated Suzuki Operating Results (Exchange Rate: ¥100 = $1.21 USD)

  • 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)
  • ForEx rates ¥84/US$ (1st half: ¥89, 2nd half: ¥80)
  • ¥112/Euro (1st half: ¥114, 2nd half: ¥110)

Ron Lieback
Ron Lieback
One of the few moto journalists based on the East Coast, Ron Lieback joined the motorcycle industry as a freelancer in 2007, and is currently Online Editor at Ultimate Motorcycling.

2019 Ironman Motocross National Results and Coverage (8 Fast Facts + Video)

2019 Ironman Motocross National Results: Frosting On Tomac’s Cake Three-time consecutive Lucas Oil Pro Motocross AMA National Champion Eli Tomac capped off his year with an...

Marquez Claims Record Pole at Silverstone MotoGP Qualifying

2019 Silverstone MotoGP Qualifying Results Marc Marquez could not touch Petronas Yamaha SRT's Fabio Quartararo Friday during the opening day of free practice at Silverstone. But...

2020 Triumph Daytona Moto2 765 Limited Edition Second Look (+ 27 Photos)

2020 Triumph Daytona Moto2 765 Limited Edition Second Look: It has been a month since this motorcycle was sneak previewed. Now we get a closer look.

Harley-Davidson Sportster Lineup Cut For 2020

While the Iron 883, Iron 1200, Forty-Eight, and Roadster will be 2020 Harley-Davidson Sportsters, the Forty-Eight Special, Superlow, and Custom are gone.

2019 British GP Preview: No Clear Favorite at Silverstone MotoGP

Honda's Marquez has a comfortable 58-point lead over Ducati's Dovizioso, but there is no clear favorite at Silverstone due to winners there over 5 years.

2020 Harley-Davidson Heritage Classic Restyling Revealed (First Look)

2020 Harley-Davidson Heritage Classic Gets A Makeover Although black has been the go-to color for designers in recent years, the 2020 Harley-Davidson Heritage Classic is...