Suzuki Motor (7269) investor relations material

Executive summary

• Achieved record-high revenue and profit in FY2026 Q1, with revenue rising 22% YoY to ¥1,705.8 billion, driven by strong sales in Japan, India, and other regions, favorable foreign exchange, improved product mix, and cost reductions.

• Operating profit increased 11.2% YoY to ¥158.0 billion, while profit before tax surged 61.2% to ¥283.2 billion, aided by valuation gains on financial assets.

• Net profit attributable to owners of parent jumped 80% YoY to ¥183.6 billion.

• Upward revision of full-year revenue forecast to ¥6,900.0 billion, but operating profit forecast revised downward due to Middle East instability and higher raw material costs.

Financial highlights

• Q1 revenue: ¥1,705.8 billion (+22% YoY); operating profit: ¥158.0 billion (+11% YoY); operating margin: 9.3%.

• Profit before tax: ¥283.2 billion (+61% YoY); net profit: ¥183.6 billion (+80% YoY); all profit line items reached record highs.

• Gross profit for the quarter was ¥400.7 billion, up from ¥362.7 billion YoY.

• Earnings per share (basic) increased to ¥95.17 from ¥52.88 YoY.

• Maruti Suzuki India Q1 revenue: ¥849.4 billion (+¥226.8 billion YoY); operating profit margin declined to 5.1%.

Outlook and guidance

• FY2026 revenue forecast raised by ¥100.0 billion to ¥6,900.0 billion (+9.6% YoY).

• Operating profit forecast revised down by ¥30.0 billion to ¥540.0 billion, reflecting a ¥110.0 billion negative impact from Middle East issues and higher raw material costs.

• Profit before tax and net profit forecasts raised due to Q1 valuation gains; earnings per share (basic) forecast raised to ¥217.69 for FY2026.

• Continued growth investments to achieve mid-term management plan.