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SUZUKI MOTOR, Net Income Forecast for the Fiscal Year Revised Upward by 22%, Dividend Revised Upward by 1 Yen

Thu Feb 5, 2026 2:00 pm JST Earnings

7269 SUZUKI MOTOR CORPORATION 【IFRS】

Earnings Report

SUZUKI MOTOR CORPORATION <7269> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 5th (14:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) was 306 billion yen, a 1.7% decrease compared to the same period last year.

However, the full-year forecast for consolidated net income has been revised upward 21.9%, from the previous forecast of 320 billion yen to 390 billion yen (compared to 416 billion yen in the previous period), and the declining rate is expected to decrease from 23.1% to 6.3%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (second half) has been revised upward 55.0%, from the previous forecast of 127 billion yen to 197 billion yen (compared to 198 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 35.9% to 0.7%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 45 yen to 46 yen (compared to 41 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 20.5% from the same period last year, reaching 113 billion yen. However, the operating profit margin decreased from 10.1% in the same period last year to 9.2%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 3,834,081 371,176 435,123 237,120 122.5 73.5 Feb 7, 2024 IFRS
Apr - Dec, 2024 4,283,717 479,720 548,013 311,703 161.6 75.0 Feb 6, 2025 IFRS
Apr - Dec, 2025 4,516,641 429,103 520,859 306,395 158.8 76.6 Feb 5, 2026 IFRS
YoY +5.4% -10.6% -5.0% -1.7% -1.7%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 3,235,773 223,521 247,805 127,212 65.9 23 Nov 6, 2025 IFRS
Oct - Mar, 2025 New 3,335,773 293,521 347,805 197,212 102.2 24 Feb 5, 2026 IFRS
Revision Rate +3.1% +31.3% +40.4% +55.0% +55.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 6,100,000 500,000 580,000 320,000 165.9 45 May 12, 2025 IFRS
Mar, 2026 New 6,200,000 570,000 680,000 390,000 202.2 46 Feb 5, 2026 IFRS
Revision Rate +1.6% +14.0% +17.2% +21.9% +21.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 2,970,161 307,902 353,761 198,599 102.9 21 May 12, 2025 IFRS
Oct - Mar, 2025 Guidance 3,335,773 293,521 347,805 197,212 102.2 24 Feb 5, 2026 IFRS
YoY +12.3% -4.7% -1.7% -0.7% -0.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 5,357,523 493,834 591,713 317,017 163.9 30.50 May 13, 2024 IFRS
Mar, 2025 5,825,161 642,851 730,220 416,050 215.7 41 May 12, 2025 IFRS
Mar, 2026 Guidance 6,200,000 570,000 680,000 390,000 202.2 46 Feb 5, 2026 IFRS
YoY +6.4% -11.3% -6.9% -6.3% -6.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 1,428,717 144,771 171,554 94,252 48.9 10.1 Feb 6, 2025 IFRS
Jan - Mar, 2025 1,541,444 163,131 182,207 104,347 54.1 10.6 May 12, 2025 IFRS
Apr - Jun, 2025 1,397,770 142,136 175,727 102,025 52.9 10.2 Aug 5, 2025 IFRS
Jul - Sep, 2025 1,466,457 134,343 156,468 90,763 47.1 9.2 Nov 6, 2025 IFRS
Oct - Dec, 2025 1,652,414 152,624 188,664 113,607 58.9 9.2 Feb 5, 2026 IFRS
YoY +15.7% +5.4% +10.0% +20.5% +20.5%

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