Suzuki Q2 Report 2022

Suzuki Announces Financial Results for FY2022 Second Quarter (April to September 2022)

– Net sales and profit increased year-on-year for April-September period, mainly owing to improvement in sales mix/price, increase in volume, and the impact of the exchange rates.

– Full year forecast revised upward to reflect the progress of the first half of the fiscal year and the review of unit sales and the weak yen.

Outline of Financial Results for FY2022 July-September period

Net sales increased by ¥325.9 billion (39.3%) YoY to ¥1,154.1 billion, marking a record high throughout all quarters, mainly owing to increase in volume, and the impact of the exchange rates. Operating profit increased by ¥45.2 billion (101.2%) YoY to ¥89.8 billion, mainly owing to increase in sales which offset the impact of higher raw material prices.