Suzuki has announced its corporate financial results for its FY2015 (April 2015 to March 2016) with consolidated net sales increased by ¥165.2 billion (+5.5%) to ¥3,180.7 billion compared to the previous fiscal year.
Japanese domestic net sales decreased by ¥46.7 billion (+4.3%) to ¥1,047.9 billion year-on-year owing to the impact of the increase in the light motor vehicle tax and decrease in OEM sales. Overseas net sales increased by ¥211.9 billion (+11.0%) to ¥2,132.8 billion year-on-year, mainly owing to the increase in the automobile sales in India.
In its motorcycle business, net sales decreased by ¥16.6 billion (-6.6%) to ¥233.9 billion year-on-year, mainly due to the decrease in demand in Indonesia, despite the positive sales contribution of the new road sportsbike GSX-S1000 and the Indian Gixxer. The operating loss of ¥0.7 billion in the previous fiscal year became an operating loss of ¥10.2 billion partly owing to quality-related expenses.
Consolidated motorcycle sales to Europe for the financial year to March 31st 2016 were 48,000 units, a +6.8 percent increase from 45,000 units in the prior financial year.
In North America the company is reporting 46,000 units sold against 43,000 in the prior year; in total Suzuki is reporting 1,496,000 units sold worldwide in 2015/2016 against 1,764,000 in 2014/2015, a decline of -15.2 percent, resulting in a -16.6 percent decline in sales revenue from its motorcycle operations.
