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Suzuki Motor fiscal Q4 profit climbs 146.8% YOY

Suzuki Motor Corp. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥130.04 per share, an increase of 149.9% from ¥52.04 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥57.39 billion, a gain of 146.8% from ¥23.25 billion in the prior-year period.

The normalized profit margin increased to 6.3% from 2.8% in the year-earlier period.

Total revenue grew 11.2% on an annual basis to ¥917.58 billion from ¥825.07 billion, and total operating expenses climbed 5.5% from the prior-year period to ¥818.72 billion from ¥776.29 billion.

Reported net income increased 84.8% on an annual basis to ¥26.60 billion, or ¥60.28 per share, from ¥14.40 billion, or ¥32.22 per share.

For the year, the company's normalized net income totaled ¥320.71 per share, compared to EPS of ¥191.08 in the prior year.

Normalized net income was ¥141.52 billion, a gain from ¥94.89 billion in the prior year.

Full-year total revenue totaled ¥3.170 trillion, compared with ¥3.181 trillion in the prior year, and total operating expenses decreased year over year to ¥2.903 trillion from ¥2.986 trillion.

The company said reported net income rose on an annual basis to ¥159.96 billion, or ¥362.48 per share, in the full year, from ¥116.66 billion, or ¥234.92 per share.

As of June 30, US$1 was equivalent to ¥112.37.