Suzuki Motor (7269) Q3 2026 earnings summary

Executive summary

• Revenue for FY2025 Q3 rose 5.4% year-over-year to 4,516.6 billion yen, driven by strong demand in India and robust sales across vehicle segments.

• Operating profit declined 10.6% year-over-year to 429.1 billion yen, mainly due to FX impacts and higher raw material costs.

• Profit attributable to owners of parent decreased 1.7% year-over-year to 306.4 billion yen.

• Comprehensive income increased 17.4% year-over-year to 503.8 billion yen, reflecting significant gains in other comprehensive income.

• Production was resilient despite semiconductor shortages, with agile responses to demand spikes, especially in India post-GST reform.

Financial highlights

• Gross profit for the nine months was 1,153.6 billion yen, with a gross margin of 25.5%.

• Profit before tax fell 5.0% year-over-year to 520.9 billion yen; net profit attributable to owners dropped 1.7% to 306.4 billion yen.

• Earnings per share (basic) was 158.81 yen, down from 161.57 in the prior year period.

• Total assets increased to 6,465.8 billion yen, and total equity rose to 4,078.5 billion yen.

• Ratio of equity attributable to owners of parent to total assets improved to 51.1%.

Outlook and guidance

• Full-year revenue forecast revised upward to 6,200 billion yen, a 6.4% increase year-over-year.

• Operating profit forecast raised to 570 billion yen, down 11.3% from the previous year.

• Profit attributable to owners of parent projected at 390 billion yen, down 6.3% year-over-year.

• Year-end dividend forecast increased by 1 yen per share, with annual dividend now projected at 46 yen per share.

• Forecast revisions reflect updated FX assumptions and cost control measures.