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Suzuki Motor Corp. Reports Robust Nine-Month Financial Performance
Tokyo, April 7 (Reuters) – Suzuki Motor Corporation (7269.T) has announced its consolidated financial highlights for the nine-month period ending December 31, 2024, showcasing substantial growth across key metrics. The Japanese automaker experienced a notable surge in sales revenue and profitability compared to the same period last year. This financial update provides a detailed overview of Suzuki’s performance during the reported period, highlighting significant increases in operating income, pretax earnings, and net profit.
Key Financial Highlights (Billions of Yen, Unless Specified)
Suzuki Motor Corp. reported its financial results in accordance with International Financial Reporting Standards (IFRS). Below is a summary of the company’s consolidated financial performance:
Nine-Month Period Ending December 31, 2024 vs. 2023 and Full Year Forecast
- Net Sales Revenue: 4.28 trillion yen, an 11.7% increase compared to 3.83 trillion yen in the prior year period. The company projects full-year revenue to reach 5.70 trillion yen.
- Operating Income: 479.72 billion yen, a significant 29.2% rise from 371.18 billion yen year-over-year. The forecast for the full fiscal year operating profit is 590.00 billion yen.
- Pretax Income: Reached 548.01 billion yen, marking a 25.9% growth from 435.12 billion yen. The projected pretax profit for the fiscal year is 660.00 billion yen.
- Net Income Attributable to Owners of the Parent Company*: Surged to 311.70 billion yen, a 31.5% increase from 237.12 billion yen. The company anticipates a full year net profit of 370.00 billion yen.
Earnings Per Share (EPS)
- Basic EPS: 161.57 yen, up from 122.48 yen in the previous year.
- Diluted EPS: 161.56 yen, compared to 122.47 yen last year.
Dividend Information
- Annual Dividend Forecast: 122.00 yen per share.
- Q2 Dividend: 20.00 yen per share.
- Q4 Dividend Forecast: 67.00 yen per share.
Note: Figures are based on International Financial Reporting Standards (IFRS).
*Net income refers to Net profit attributable to owners of the parent company.