Suzuki Motor (7269) Q1 2025 earnings summary

Executive summary

• Revenue rose 21.0% year-over-year to ¥1,457.6 billion, marking the fourth consecutive period of growth, driven by favorable FX rates and improved mix/price despite higher R&D, labor, and marketing costs.

• Operating profit increased 60.8% year-over-year to ¥157.6 billion, with margin improving to 10.8%.

• Profit before tax grew 51.0% to ¥189.5 billion, and net profit attributable to owners rose 57.9% to ¥114.2 billion.

• Comprehensive income reached ¥287.5 billion, up 2.9% year-over-year.

• Growth was supported by higher sales volumes in key regions and favorable FX rates.

Financial highlights

• Global automobile sales volume increased 7.1% year-over-year to 784,000 units; motorcycle sales up 8.9% to 523,000 units.

• Gross profit for the quarter was ¥399.1 billion, up from ¥294.8 billion year-over-year.

• Earnings per share (basic and diluted) were ¥59.21, compared to ¥37.24 in the prior year, reflecting a four-for-one stock split.

• Total assets increased to ¥5,946.7 billion, with total equity at ¥3,633.5 billion and equity attributable to owners of parent at ¥2,900.7 billion.

• Free cash flow was ¥145.1 billion, with a cash balance of ¥875.2 billion and interest-bearing debt at ¥772.5 billion.

Outlook and guidance

• Full-year revenue forecast maintained at ¥5.6 trillion, with operating profit expected at ¥480 billion.

• Net profit forecast at ¥310 billion, down 2.2% from the previous year.

• Automobile sales volume projected to rise 2.7% year-over-year to 3.25 million units; motorcycle sales to decline 1.2%.

• Earnings per share forecast for the year is ¥160.69.

• Business environment remains uncertain due to FX trends and macroeconomic factors.