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Suzuki Motor fiscal Q3 profit falls YOY

Suzuki Motor Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥39.88 per share, a decrease of 11.5% from ¥45.08 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥22.38 billion, a decline of 11.5% from ¥25.29 billion in the prior-year period.

The normalized profit margin declined to 3.1% from 3.6% in the year-earlier period.

Total revenue came to ¥712.30 billion, compared with ¥705.56 billion in the prior-year period, and total operating expenses came to ¥667.62 billion, compared with ¥661.13 billion in the prior-year period.

Reported net income decreased 15.8% from the prior-year period to ¥25.95 billion, or ¥46.25 per share, from ¥30.83 billion, or ¥54.95 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.