Suzuki Motor (7269) Q2 2027 earnings summary

Executive summary

• H1 FY2026 revenue rose 19.4% YoY to ¥3,419.2bn; operating profit increased 5.5% to ¥291.6bn.

• Profit attributable to owners of parent grew 31.6% to ¥253.7bn; profit before tax rose 20.8% to ¥401.4bn.

• Global automobile sales rose 19.9% to 1.824m units, led by India; motorcycle sales increased 5.0% to 1.167m units.

Financial highlights

• Revenue reached a record ¥3,419.2bn, up ¥555.0bn YoY; gross profit was ¥794.1bn versus ¥737.8bn.

• Operating profit rose ¥15.1bn to ¥291.6bn, while margin declined to 8.5% from 9.7%.

• Operating-profit bridge: enhanced earning power +¥164.3bn; external factors -¥98.9bn and growth investment -¥50.2bn.

• Finance income rose to ¥129.6bn from ¥59.7bn; finance costs increased to ¥19.9bn from ¥8.7bn.

• Comprehensive income fell to ¥209.4bn from ¥218.8bn, including negative ¥94.9bn from foreign-operation translation differences.

Outlook and guidance

• FY2026 forecasts: revenue ¥6,900bn, operating profit ¥540bn, PBT ¥690bn and parent-attributable profit ¥420bn.

• PBT guidance was cut ¥30bn from ¥720bn; revenue, operating-profit and parent-attributable-profit forecasts were unchanged.

• PBT revision reflects financial-asset valuation losses and other factors; lower non-controlling interests offset the impact on parent-attributable profit.

• FY2026 automobile sales forecast is 3.702m units, up 11.5%; motorcycle sales forecast is 2.398m, up 6.1%.