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Suzuki Motor fiscal Q1 profit climbs 25.4% YOY

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Suzuki Motor fiscal Q1 profit climbs 25.4% YOY

Suzuki Motor Corp. said its normalized net income for the fiscal first quarter ended June 30 was ¥55.52 per share, an increase of 25.4% from ¥44.29 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥31.15 billion, a gain of 25.4% from ¥24.85 billion in the prior-year period.

The normalized profit margin climbed to 4.4% from 3.7% in the year-earlier period.

Total revenue climbed 5.1% year over year to ¥710.40 billion from ¥675.80 billion, and total operating expenses rose from the prior-year period to ¥659.48 billion from ¥631.71 billion.

Reported net income increased 38.8% from the prior-year period to ¥37.53 billion, or ¥66.88 per share, from ¥27.03 billion, or ¥48.18 per share.

As of Aug. 7, US$1 was equivalent to ¥102.16.