Suzuki Motorcycles Sales Down 8%

Suzuki Results

Overall, Suzuki Motor Corporation marks increases both in sales and profit for the first half (April 1 through Sept. 30, 2010) of FY 2010 despite continued severe market condition. (1,000 Japanese Yen = $12.0525 USD)

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, 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.