Suzuki Motor H1 Net Profit Drops, Operating Income Up; Cuts FY26 Pre-tax Profit View; Shares Down
(RTTNews) - Suzuki Motor Corp. (SZKMF.PK, SZKMY.PK, 7269.T) Tuesday reported lower net profit in the first half, while operating income increased from last year with higher net sales. Further, the Japanese automobile company trimmed fiscal 2026 outlook for pre-tax profit, but con
Suzuki Motor, a Japanese automaker, has reduced its full-year profit forecast due to escalating raw material prices, which are anticipated to offset the company's anticipated increase in vehicle sales. The company now anticipates a pretax profit of 690 billion yen for the fiscal year concluding March 2027, a decrease from the earlier estimate of 720 billion yen and 5.6% lower than the previous year's performance.
Tokyo-listed shares of Suzuki Motor experienced a decline of 3.4%, trading at 2,219.5 yen as of 05:31 GMT. Despite lowering its overall profit projections, Suzuki maintains its operating profit forecast at 540 billion yen, marking a 13.3% year-on-year decline. The company also retains its net profit forecast at 420 billion yen, representing a 4.4% year-on-year decrease.
Suzuki projects global automobile sales to reach 3.7 million units, a 11.5% increase from the previous year and 122,000 units higher than the initial estimate, primarily fueled by growth in India. For the six months ending September, the company's operating profit rose by 5.5% to 291.6 billion yen, while revenue climbed by 19.4% to 3.42 trillion yen.
Net profit attributable to the company's shareholders increased by 31.6% to 253.7 billion yen, driven by stronger earnings across various regions that helped offset the higher costs of raw materials during the first half of the year.
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