Suzuki

Suzuki - global motorcycle shipments and profits up

Good news and bad news for Suzuki in the results announced for the first quarter of its 2021/2022 financial year (April, May and June of 2021) with good management boosting profits but unit sales in developed markets still soft.
Motorcycle shipments to its distributors and dealers in Europe were flat compared to the same period in 2020 at just 10,000 units and remain down on the 15,000 units shipped in the equivalent 2019 period.

North American shipments are -47.6% down on the 2020 period, also at 10,000 units, having been 12,000 in the 2019 financial year first quarter. At 16,000 units, its domestic Japanese shipments were +28.3% compared to the 2020 quarter and up on the 14,000 in 2019.
Led by the Philippines (+79.4%), India (+74.9%) and China (+23.2%), shipments in Asia were +41.6% overall at 283,000 units (up on 2020 but still down on 2019), with total global unit shipments at 363,000 (including 4,000 ATVs), which was +32.3% compared to the same quarter in 2020 - behind the 456,000 units shipped in the same period in 2019.

The popularity of the high value Hayabusa has helped drive profit margin improvements for Suzuki.

At 57.5bn yen, revenue from motorcycle sales for the period was +64.5%, up on the same period in 2020 (a 7.7% margin) and modestly below the 65.6bn yen seen in the 2019 period (which had produced a 3.4% operating profit margin), giving Suzuki a +7.4% improvement in operating profit over the same quarter in 2020 and a 2.1bn yen improvement over the 2.3bn yen profit made from motorcycle activities in the first quarter of its 2019/2020 financial year.