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Suzuki Motor fiscal Q4 profit falls YOY

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Suzuki Motor fiscal Q4 profit falls YOY

Suzuki Motor Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥34.31 per share, a decrease of 35.9% from ¥53.51 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥19.25 billion, a decrease of 35.9% from ¥30.02 billion in the year-earlier period.

The normalized profit margin declined to 2.2% from 3.5% in the year-earlier period.

Total revenue rose year over year to ¥872.47 billion from ¥862.57 billion, and total operating expenses rose from the prior-year period to ¥828.86 billion from ¥810.20 billion.

Reported net income declined 32.1% year over year to ¥16.97 billion, or ¥30.24 per share, from ¥25.00 billion, or ¥44.56 per share.

For the year, the company's normalized net income totaled ¥161.62 per share, compared to EPS of ¥184.78 in the prior year.

Normalized net income was ¥90.68 billion, a fall from ¥103.67 billion in the prior year.

Full-year total revenue rose from the prior-year period to ¥3.015 trillion from ¥2.938 trillion, and total operating expenses rose on an annual basis to ¥2.837 trillion from ¥2.751 trillion.

The company said reported net income decreased year over year to ¥96.86 billion, or ¥172.63 per share, in the full year, from ¥107.49 billion, or ¥191.57 per share.

As of June 30, US$1 was equivalent to ¥122.43.