Suzuki Motor Corporation Earnings Q3 FY2025: Revenue Rises, Profit Outlook Revised Upward

On February 5, Suzuki Motor Corporation earnings for the third quarter of the fiscal year ending March 2026 reflected stable revenue growth alongside pressure on profitability. The performance underscores resilience in key markets such as India and Japan, while cost factors and exchange rate movements weighed on margins during the period.
Suzuki reported consolidated sales revenue of JPY 4,516.6 billion for the April–December 2025 period, marking a year-on-year increase of 5.4%. Despite this growth, operating profit declined by 10.6% to JPY 429.1 billion, reflecting multiple external and internal cost-related challenges faced during the quarter.

Suzuki Motor Corporation earnings and financial performance

The decline in operating profit was primarily driven by unfavorable exchange rate movements, which reduced profit by JPY 18 billion. In addition, changes in raw material prices, largely influenced by price increases in India, resulted in a further JPY 43.7 billion reduction in operating profit.

Cost pressures and profitability impact

Rising fixed costs also affected earnings, with investments in human resources contributing to a JPY 36.4 billion decrease in operating profit. As a result, net income attributable to owners of the parent fell by 1.7% year-on-year to JPY 306.4 billion, despite higher overall revenue.

Automobile sales trends and full-year outlook

In the automobile business, global sales for the third quarter period increased by 2.3% to 2,418 thousand units compared to the previous year. Growth was supported by stronger automobile sales in India following the GST revision and an increase in registered vehicles in Japan.

Revised full-year earnings forecast

Suzuki initially maintained its full-year forecast during the first-half results announcement due to concerns such as semiconductor supply constraints. However, based on third-quarter results, updated foreign exchange assumptions, and measures to control fixed costs, the company revised its outlook upward.
The revised forecast raises revenue expectations by JPY 100 billion to JPY 6.2 trillion. Operating profit is now projected to increase by JPY 70 billion to JPY 570 billion, while net income attributable to owners of the parent is expected to reach JPY 390 billion, also up by JPY 70 billion.