Suzuki Motor Corp. said its normalized net income for the fiscal first quarter ended June 30 was ¥112.97 per share, an increase of 68.3% from ¥67.11 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥49.85 billion, an increase of 68.3% from ¥29.62 billion in the year-earlier period.
The normalized profit margin climbed to 5.7% from 3.9% in the year-earlier period.
Total revenue grew 15.3% year over year to ¥869.31 billion from ¥754.03 billion, and total operating expenses increased 12.9% year over year to ¥784.24 billion from ¥694.87 billion.
Reported net income increased 72.4% on an annual basis to ¥65.43 billion, or ¥148.28 per share, from ¥37.96 billion, or ¥86.01 per share.
As of Aug. 9, US$1 was equivalent to ¥110.07.
