Suzuki Motor Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was ¥48.26 per share, an increase of 21.0% from ¥39.88 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥21.79 billion, a decrease from ¥22.38 billion in the year-earlier period.
The normalized profit margin fell to 2.7% from 3.1% in the year-earlier period.
Total revenue rose 12.3% on an annual basis to ¥800.07 billion from ¥712.30 billion, and total operating expenses climbed 13.1% from the prior-year period to ¥754.92 billion from ¥667.62 billion.
Reported net income decreased 10.6% year over year to ¥23.21 billion, or ¥51.40 per share, from ¥25.95 billion, or ¥46.25 per share.
As of Feb. 10, US$1 was equivalent to ¥114.87.
