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Suzuki announces the financial results for FY2018

Auto News - Published on Thu, 07 Feb 2019

Image Source: SteelGuru
Outline of the Financial Results for FY2018 Third Quarter
The consolidated net sales for FY2018 third quarter (April 2018 to December 2018) increased by JPY 113.9 billion (4.2%) to JPY 2,838.8 billion year-on-year. The operating income for the October-December period decreased, following the July-September period, mainly owing to the impact of the depreciation of currencies of the emerging countries including the Indian Rupee and the increase in selling expenses. The operating income for the April-December period decreased by JPY 3.3 billion (1.3%) to JPY 256.5 billion year-on-year.

On the other hand, the ordinary income increased by JPY 21.5 billion (7.6%) to JPY 306.1 billion year-on-year partly owing to the increase in interest income. Net income attributable to owners of the parent increased by JPY 16.5 billion (10.0%) to JPY 180.8 billion year-on-year.

In the automobile business, the overseas automobile net sales decreased year-on-year mainly owing to the impact of the depreciation of currencies of the emerging countries. However, the net sales of the automobile business increased by JPY 107.0 billion (4.3%) to JPY 2,596.6 billion year-on-year owing to the increase in the Japanese domestic automobile net sales, which increased year-on-year mainly owing to the sales contribution of the Spacia and XBEE. The operating income decreased by JPY 4.2 billion (1.7%) to JPY 244.1 billion year-on-year mainly owing to the depreciation of currencies of the emerging countries and the increase in selling expenses.

In the motorcycle business, the net sales increased by JPY 1.2 billion (0.7%) to JPY 182.2 billion year-on-year. The operating income decreased by JPY 1.5 billion to JPY 0.1 billion year-on-year.

In the marine business, etc. the net sales increased by JPY 5.7 billion (10.5%) to JPY 60.0 billion year-on-year mainly owing to the sales contribution of large outboard motor DF350A in North America. The operating income increased by JPY 2.4 billion (23.7%) to JPY 12.3 billion year-on-year mainly owing to the improvement in profit in North America.

With respect to the operating results by geographic region, although Japan, Europe, and other areas increased, Asia decreased by JPY 19.0 billion (13.5%) to JPY 121.6 billion year-on-year.

Forecasts for the Consolidated Operating Results
With respect to the consolidated business forecasts, as a result of reflecting this third quarter results and revising the figures including the outlook of sales units and foreign exchange rate of each country, the Company decided to keep the business forecasts unchanged from the previous forecasts. The Group will work as one to reform in every field and pursue the business activity to accomplish more than the below forecasts for the consolidated operating results.

Source :

Posted By : Joykumar Irom on Thu, 07 Feb 2019
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