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Suzuki Motor improved profit in Q1 FY 2010
Although Suzuki Motor Corporation we faced continued severe market conditions, the Group ended the first quarter (1 April thorough 30 June) of FY 2010 with increased consolidated profits.
Consolidated net sales was ¥656.3 billion (increased by ¥79.2 billion, 113.7% y-o-y) thanks to the increased sales of automobiles in Japan and increased sales of motorcycles and automobiles in Asia despite sales decrease in North America and Europe.
As for consolidated profits, the reduced profits caused by exchange influences and the increased research and development expenses and depreciation expenses were covered by the sales increase and the reduction of costs and various expenses. As a result, the Group achieved ¥31.9 billion of operating income (up ¥25.0 billion y-o-y), ¥30.6 billion of ordinary income (up ¥18.0 billion y-o-y) and ¥15.2 billion of net income (up ¥13.1 billion y-o-y).
As for operating results of automobile segment, the Group achieved increased overall sales volume of 0. 61 million units (112.8% y-o-y) and increased sales of ¥575.9 billion (up ¥86.7 billion 117.7% y-o-y). Operating income also increased to ¥32.0 billion (up ¥25.0 billion y-o-y) thanks to the sales increase in Japan and the reduction of loss in the US business.
Regarding motorcycle segment, overall sales volume (ATV included) was 0.82 million units (115.7% y-o-y) and global sales were ¥69.8 billion (decreased by ¥11.1 billion, 86.3% y-o-y). Operating loss was reduced by ¥1.1 billion year-on-year, but was ¥1.8 billion on account to the continued sales slowdown of large motorcycles for Europe and the US.
Sales of marine and power products, etc. business increased to ¥12.7 billion (up ¥0.7 billion, 105.5% y-o-y) because sales of outboard motors increased in various areas such as North America, Asia, and Japan. Operating income also increased to ¥1.7 billion (up ¥0.4 billion, 134.1% y-o-y).
We will make further efforts for improvement in every aspect as a group and for development of business activities.
Courtesy: Suzuki Motor Corporation
Consolidated net sales was ¥656.3 billion (increased by ¥79.2 billion, 113.7% y-o-y) thanks to the increased sales of automobiles in Japan and increased sales of motorcycles and automobiles in Asia despite sales decrease in North America and Europe.
As for consolidated profits, the reduced profits caused by exchange influences and the increased research and development expenses and depreciation expenses were covered by the sales increase and the reduction of costs and various expenses. As a result, the Group achieved ¥31.9 billion of operating income (up ¥25.0 billion y-o-y), ¥30.6 billion of ordinary income (up ¥18.0 billion y-o-y) and ¥15.2 billion of net income (up ¥13.1 billion y-o-y).
As for operating results of automobile segment, the Group achieved increased overall sales volume of 0. 61 million units (112.8% y-o-y) and increased sales of ¥575.9 billion (up ¥86.7 billion 117.7% y-o-y). Operating income also increased to ¥32.0 billion (up ¥25.0 billion y-o-y) thanks to the sales increase in Japan and the reduction of loss in the US business.
Regarding motorcycle segment, overall sales volume (ATV included) was 0.82 million units (115.7% y-o-y) and global sales were ¥69.8 billion (decreased by ¥11.1 billion, 86.3% y-o-y). Operating loss was reduced by ¥1.1 billion year-on-year, but was ¥1.8 billion on account to the continued sales slowdown of large motorcycles for Europe and the US.
Sales of marine and power products, etc. business increased to ¥12.7 billion (up ¥0.7 billion, 105.5% y-o-y) because sales of outboard motors increased in various areas such as North America, Asia, and Japan. Operating income also increased to ¥1.7 billion (up ¥0.4 billion, 134.1% y-o-y).
We will make further efforts for improvement in every aspect as a group and for development of business activities.
Courtesy: Suzuki Motor Corporation
Related News:
Suzuki to reorganize Thai motorcycle operations
Suzuki GSX-R1000 and Bandit1250S launched in India
Suzuki to join eco-car study led by home city
Swift Plug-in Hybrid gains type approval from Japanese Govt.
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