On May 11, Suzuki Motor Corporation announced its consolidated financial results for fiscal 2014 ended March 31, 2015.
According to these results, Suzuki recorded net sales of 3.0155 trillion yen (up 2.6% year-on-year), operating income of 179.4 billion yen (down 4.4%), ordinary income of 194.3 billion yen (down 1.8%), and net income of 96.9 billion yen (down 9.9%). Net sales which had declined after the financial crisis of 2008, recovered to 3.0 trillion yen but operating income fell for the first time in six periods.
Although domestic sales of automobiles decreased from the previous year as a result of a downturn from the consumption tax hike, overseas sales increased mainly due to its success in India. Net sales grew by 3.3% overall but operating income declined as a result of increased operating expenses in Japan and overseas.
As for the motorcycle business, net sales decreased mainly due to reduced sales in Asia resulting in an operating loss of 0.7 billion yen. Net sales for marine and power products, etc. increased due to growth in sales of outboard motors in Europe and North America. The operating income was the same as the previous year.
The forecast for fiscal 2015 has net sales at 3.1 trillion yen (up 2.8%), operating income at 190.0 billion yen (up 5.9%), ordinary income at 200.0 billion yen (up 2.9%), and net income at 110.0 billion yen (up 13.6%).
(Translated by Travis Yamabata)