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SUZUKI MOTOR, First Half Net Income Decreases by 11%

Thu Nov 6, 2025 2:00 pm JST Earnings

7269 SUZUKI MOTOR CORPORATION 【J-GAAP】

Earnings Report

SUZUKI MOTOR CORPORATION <7269> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on November 6th (14:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 11.3% from the same period last year to 192 billion yen. However, Progress toward the full-year plan of 320 billion yen was 60.2%, also surpassing progress of 52.3% from the same period of the previous year.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to drop 35.9% from the same period last year to 127 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income decreased to 90.7 billion yen, a 12.1% decrease compared to the same period last year. The operating profit margin decreased from 12.7% in the same period last year to 9.2%.

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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, 2023 2,556,078 238,133 288,114 151,106 77.9 48.7 Nov 7, 2023 IFRS
Apr - Sep, 2024 2,855,000 334,949 376,459 217,451 112.7 51.6 Nov 8, 2024 IFRS
Apr - Sep, 2025 2,864,227 276,479 332,195 192,788 99.9 57.3 Nov 6, 2025 IFRS
YoY +0.3% -17.5% -11.8% -11.3% -11.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 22 May 12, 2025 IFRS
Apr - Sep, 2025 Results 2,864,227 276,479 332,195 192,788 99.9 22 Nov 6, 2025 IFRS
Revision Rate

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 3,235,773 223,521 247,805 127,212 65.9 23 Nov 6, 2025 IFRS
YoY +8.9% -27.4% -30.0% -35.9% -35.9%

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 6,100,000 500,000 580,000 320,000 165.9 45 May 12, 2025 IFRS
YoY +4.7% -22.2% -20.6% -23.1% -23.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 1,397,351 177,392 186,930 103,218 53.5 12.7 Nov 8, 2024 IFRS
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
YoY +4.9% -24.3% -16.3% -12.1% -12.1%

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