Suzuki has announced decreased net sales and income due to the impact of a decrease in Japanese production arising from the restructuring of its final inspection procedures and a slowdown in the Indian automobile market.
Consolidated net sales for Q1 of Suzuki's financial year to March 2020 (April to June 2019) decreased by 80.0bn yen (-8.1%) to 907.5bn yen compared to 2018 Q1; operating income decreased by 53.8bn yen (-46.2%) to 62.7bn yen; ordinary income decreased by 60.7bn yen (-45.6%) to 72.4bn yen.
In the company's motorcycle business, net sales increased by 1.3bn yen (+2.0%) to 65.6bn yen year-on-year mainly due to increased sales in India and the Philippines. Operating income increased by 0.2bn yen (+7.5%) to 2.3bn yen year-on-year.
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| Suzuki Katana |
In its automobile business, net sales decreased by 83.5bn yen (-9.3%) to 817.1bn yen year-on-year; in the marine business, etc., net sales increased by 2.2bn yen (-9.9%) to 24.8bn yen. With regard to operating results by geographic region, Asia and Japan saw a decrease in net sales and income.
Suzuki has kept its consolidated operating results forecasts unchanged as it says the outlook is "unclear", so it is still forecasting total net corporate sales for the year of 3,900.0bn yen (up +0.7% year-on-year), with operating income of 330.0bn yen (up +1.7% year-on-year) and ordinary income of 340.0bn yen (down -10.4% year-on-year).
