Cookie Consent by Free Privacy Policy website Consolidated Financial Summary for FY2016 (1 April 2016 – 31 March 2017)
june 05, 2017 - Suzuki Corporate

Consolidated Financial Summary for FY2016 (1 April 2016 – 31 March 2017)

With respect to the management environment of the Group for FY2016, the economy is recovering moderately as a whole. On the other hand, there are concerns about the influence of the policy of US administration, uncertainties about trend of Europe including the issue of the UK leaving the EU, prospects for the economy of developing countries, and others. In India, an important market for the Group, the economy is expanding mainly owing to increase of domestic consumption. Also in Japan, the economy is recovering moderately on the back of various measures introduced by the government. Under these circumstances, the consolidated net sales of this fiscal year (April 2016 to March 2017) decreased by ¥11.2 billion (0.3%) to ¥3,169.5 billion compared to the previous fiscal year. The Japanese domestic net sales decreased by ¥10.4 billion (1.0%) to ¥1,037.5 billion year-on-year mainly owing to decrease in minivehicle and OEM sales, despite increase in compact vehicle sales. The overseas net sales were flat on the year at ¥2,132.0 billion mainly owing to decrease in automobile sales in Indonesia and Pakistan, and the impact of the exchange rate, despite increase in automobile sales in areas including India and Europe. In terms of the consolidated income, although there were impact of the exchange rate, the operating income increased by ¥71.4 billion (36.5%) to ¥266.7 billion year-on-year mainly owing to increase in automobile sales in India and Europe. The ordinary income increased by ¥77.6 billion (37.1%) to ¥286.7 billion year-on-year. The net income attributable to owners of the parent increased by ¥43.3 billion (37.1%) to ¥160.0 billion year-on-year partly owing to increase in gain on sales of investment securities, in addition to increase in the ordinary income, despite accounting impairment loss of ¥39.9 billion for businesses including the automobile business in Thailand as extraordinary losses. (Automobile) The Japanese domestic automobile market achieved annual compact car sales of 100,000 units for the first time ever by launching the all-new Swift, in addition to the Solio and the Ignis. With respect to minivehicle sales, the company made efforts to expand sales by strengthening products such as by introducing the Spacia custom Z and launching the all-new WagonR. However, the Japanese domestic automobile net sales decreased year-on-year owing to decrease in OEM sales. The overseas automobile net sales increased year-on-year mainly owing to strong sales of models including the Baleno and the Vitara Brezza in India and the Vitara in Europe, despite the impact of the exchange rate. Consequently, the net sales of the automobile business increased by ¥17.1 billion (0.6%) to ¥2,895.6 billion year-on-year. The operating income increased by ¥62.5 billion (32.4%) to ¥255.1 billion year-on-year mainly owing to improvement in sales and model mix in Japan, India, and Europe. (Motorcycle) The company launched models including the new supersport bike GSX-R1000 for the global market and the sport bike GSX-R150 for emerging countries. Although those models are much appreciated in their respective markets, because their launches occurred toward the fiscal year-end, the net sales remained at ¥206.3 billion and decreased by ¥27.6 billion (11.8%). The operating loss of ¥10.2 billion in the previous fiscal year improved to an operating loss of ¥0.9 billion owing to reduction of expenses such as sundry expenses, despite the impact of the exchange rate. (Marine and Power products, etc.) The net sales decreased by ¥0.7 billion (0.9%) to ¥67.6 billion year-on-year mainly owing to the impact of the exchange rate, despite increase in the sales of the outboard motors in the North America. The operating income decreased by ¥0.4 billion (2.6%) to ¥12.5 billion year-on-year.

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