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Suzuki Motor's Quarterly Profit Jumps 80% as Revenue Grows on Strong Overseas Demand
Suzuki Motor (TYO:7269) reported an 80% year-over-year jump in profit in the first fiscal quarter ended June 30 to 183.6 billion yen from 102 billion yen a year earlier, according to its earnings announcement on Wednesday.Earnings per share rose to 95.16 yen from 52.88 yen.Operating profit climbed 11.2% to 158 billion yen, while operating margin stood at 9.3%, down from 10.2% a year earlier."Although we were significantly affected by rising raw material prices resulting from the situation in the Middle East, we were able to absorb this impact through improved earning power at our operations in Japan and other locations around the world," Suzuki said.Revenue jumped 22% to 1.706 trillion yen from 1.398 trillion yen, boosted by a 297% increase in overseas revenue, while domestic revenue climbed 11%.The Japanese carmaker said global automobile sales rose by 143,000 units to 897,000 units, mainly driven by growth in the Indian market. India and Latin America also contributed to strong sales of its motorcycles.Suzuki noted that sales increased in India as demand has remained robust since the GST revision in 2025, as well as in Pakistan, where demand remains strong.The company raised its earnings forecast for the fiscal year ending March 31, 2027, now expecting attributable profit of 420 billion yen, up from its previous forecast of 380 billion yen. This reflects a 4.4% drop, softer than the previously anticipated 13.5% decrease.Revenue is predicted to grow 9.6% year over year to 6.9 trillion yen, versus the previous forecast of an 8.1% increase.Suzuki forecasts a full-year dividend of 51 yen per share, up from 46 yen the previous year.Suzuki's shares fell 3% in late-afternoon trade in Tokyo on Wednesday.
TYO:7269
