Suzuki Reports Third Quarter FY 2010

Suzuki Global Sales

Suzuki Motor Corporation has announced that the Group achieved increased sales and profit for the FY 2010 first nine months (April 1 through Dec. 31, 2010) despite continued severe market condition.

The Suzuki Group achieved consolidated sales of ¥1,927.7 billion ($23 billion USD), which was up ¥148.9 billion, or 108.4% year-over-year thanks to increased sales of automobiles in Japan and of automobiles and motorcycles in Asia although the sales in North America and Europe were lower than the same period of the previous year.

Regarding motorcycle segment, overall sales volume was 2.06 million units which was at 92.5% as compared to last year and decreased global sales of ¥186.3 billion ($2.23 billion USD) which was down ¥8.9 billion or 95.4% of last year due to the sales decline in North America, Europe and Japan despite the sales increase in Asia.

As for income and loss, operating loss was ¥7.0 billion ($83.83 million USD) on account of the continued sales slowdown of large-size motorcycles for Europe and the US, but the operating loss was reduced by ¥7.1 billion year-on-year because operating results improved in Asia.

Sales of marine and power products increased to ¥33.5 billion (up ¥5.1 billion, 117.9% y-o-y) owing to the sales increase mainly in Europe, North America, Asia, and Oceania. Operating income also increased to ¥5.1 billion(up ¥0.9 billion, 122.9% y-o-y).

Suzuki is making further Group improvement efforts.