Suzuki: increased net sales and income
Suzuki has announced that it closed out its 2017-2018 financial year (31-03-18) with increased net sales and income and “positive” forecasts for its operating results for the next fiscal year.
The consolidated net sales of the recently completed fiscal year (April 2017 to March 2018) increased by 587.7 billion yen (+18.5%) to 3,757.2 billion yen compared to the previous fiscal year.
Their Japanese domestic net sales increased by 79.2 billion yen (+7.6%) to 1,116.7 billion yen year-on-year, mainly owing to an increase in automobile sales. The overseas net sales increased by 508.5 billion yen (23.8%) to 2,640.5 billion yen year-on-year, mainly owing to an increase in automobile and motorcycle sales in markets including India and Europe.
In their motorcycle business, the net sales increased by 40.1 billion yen (+19.4%) to 246.4 billion yen year-on-year, mainly owing to sales contribution of scooters in India and large displacement models in developed countries. The operating loss of 0.9 billion yen in the previous fiscal year improved to an operating income of 4.6 billion yen.
With regard to the operating results by geographic region, Asia, Japan, Europe and other areas all saw increases in sales and income.
Motorcycle unit sales to Europe were up by +43.6 percent at 10,000 units for the fourth quarter (January, February and March) of 2018, but remained down compared to the previous full year (by -10.9 percent at 40,000 units).
North American sales for the year were up by 3,000 units to 35,000/+10.6 percent; domestic Japanese sales were -4 percent (60,000 units); Asian sales were +21.3 percent (1.261 m units); total worldwide sales, including ATVs, were +15.5 percent at 1.580 m units. Total global production was +19 percent (1.630 m units).