SUZUKI MOTOR CORPORATION, The Current Fiscal Year Net Income Revised Upward by 13%, Dividend Revised Upward by 4 yen

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Fri Nov 8, 2024 3:00 pm JST Earnings

7269 SUZUKI MOTOR CORPORATION 【J-GAAP】

Earnings Report

SUZUKI MOTOR CORPORATION <7269> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on November 8th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 217 billion yen, an increase of 43.9% compared to the same period last year.

In addition, the full-year consolidated net income has been revised upward by 12.9%, from the previous forecast of 310 billion yen to 350 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 36 yen to 40 yen (compared to 122 yen before the 1-to-4 stock split in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated net income increased by 31.1% from the same period last year, reaching 103 billion yen. The operating profit margin rose from 10.4% in the same period last year to 12.7%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	2,217,504	164,341	192,310	115,107	59.3	50.2	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	2,556,078	238,133	288,114	151,106	77.9	59.0	Nov 7, 2023	IFRS
Apr - Sep, 2024	2,855,000	334,949	376,459	217,451	112.7	60.7	Nov 8, 2024	IFRS
YoY	+11.7%	+40.7%	+30.7%	+43.9%	+44.6%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	18	May 13, 2024	IFRS
Apr - Sep, 2024 Results	2,855,000	334,949	376,459	217,451	112.7	20	Nov 8, 2024	IFRS
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	5,600,000	480,000	550,000	310,000	160.7	36	May 13, 2024	IFRS
Mar, 2025 New	5,600,000	550,000	620,000	350,000	181.4	40	Nov 8, 2024	IFRS
Revision Rate	0.0%	+14.6%	+12.7%	+12.9%	+12.9%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	2,818,177	227,430	200,411	116,611	60.3	16.75	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,745,000	215,051	243,541	132,549	68.7	20	Nov 8, 2024	IFRS
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	4,641,644	350,551	382,807	221,107	113.8	25	May 15, 2023	J-GAAP
Mar, 2024	5,374,255	465,563	488,525	267,717	138.4	30.50	May 13, 2024	J-GAAP
Mar, 2025 Guidance	5,600,000	550,000	620,000	350,000	181.4	40	Nov 8, 2024	IFRS
YoY	－	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,351,723	140,154	162,565	78,740	40.6	10.4	Nov 7, 2023	IFRS
Oct - Dec, 2023	1,283,082	117,187	119,777	68,760	35.5	9.1	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	1,526,773	118,915	127,791	69,609	36.0	7.8	May 13, 2024	J-GAAP
Apr - Jun, 2024	1,457,649	157,557	189,529	114,233	59.2	10.8	Aug 6, 2024	IFRS
Jul - Sep, 2024	1,397,351	177,392	186,930	103,218	53.5	12.7	Nov 8, 2024	IFRS
YoY	+3.4%	+26.6%	+15.0%	+31.1%	+31.8%