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Suzuki Motor fiscal Q2 profit climbs 32.5% YOY

Suzuki Motor Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥83.57 per share, an increase of 32.5% from ¥63.09 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥36.88 billion, an increase of 32.5% from ¥27.84 billion in the year-earlier period.

The normalized profit margin climbed to 3.8% from 3.7% in the year-earlier period.

Total revenue rose 29.1% year over year to ¥961.78 billion from ¥744.92 billion, and total operating expenses grew 26.9% from the prior-year period to ¥873.98 billion from ¥688.58 billion.

Reported net income fell 37.4% on an annual basis to ¥38.77 billion, or ¥87.86 per share, from ¥61.97 billion, or ¥140.44 per share.

As of Nov. 13, US$1 was equivalent to ¥113.50.