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Suzuki Motor fiscal Q2 profit falls YOY

Suzuki Motor Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥31.91 per share, a decrease of 23.8% from ¥41.90 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥17.91 billion, a decline of 23.8% from ¥23.51 billion in the prior-year period.

The normalized profit margin fell to 2.5% from 3.4% in the year-earlier period.

Total revenue climbed year over year to ¥720.29 billion from ¥694.39 billion, and total operating expenses increased 5.0% from the prior-year period to ¥680.68 billion from ¥648.18 billion.

Reported net income declined 33.3% from the prior-year period to ¥16.42 billion, or ¥29.26 per share, from ¥24.62 billion, or ¥43.88 per share.

As of Nov. 13, US$1 was equivalent to ¥115.76.