Suzuki Motor reported an 8% year-on-year (YoY) rise in consolidated revenue to Y6.29tn ($39.67bn) in FY25, supported by stronger demand in India after revisions to the Goods and Services Tax (GST), although operating profit declined.
Operating profit fell 3.1% YoY to Y622.90bn as the company increased long-term investments in personnel and technology despite benefits from higher sales, a better product mix and cost reductions.
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Profit attributable to owners of parent increased 5.6% YoY to Y439.26bn, while profit before tax remained broadly unchanged at Y730.74bn compared with Y730.22bn a year earlier.
Comprehensive income climbed 42.8% to Y595.29bn, while earnings per share attributable to owners of parent rose to Y227.69 from Y215.66 in FY2024.
The company said revenue growth was supported by its ability to adjust production and logistics operations flexibly to meet stronger-than-expected demand in India.
In the automobile business, revenue increased 7.6% YoY to Y5.70tn, while operating profit declined 3.5% to Y547.63bn.
For FY26, Suzuki forecast consolidated revenue of Y6.8tn, representing an 8.1% YoY increase.
However, operating profit is expected to decline 8.5% to Y570bn, while profit attributable to owners of parent is projected to fall 13.5% to Y380bn.
The company said its outlook excludes possible effects from instability in the Middle East due to uncertainty surrounding raw material prices, logistics expenses, transport delays and potential disruptions to regional sales.
Suzuki proposed a full-year FY25 dividend of Y46 per share, up from Y41 in FY2024, and forecast an annual dividend of Y51 per share for FY26 under its progressive dividend policy linked to dividend on equity (DOE).
In a separate announcement, Suzuki said it has invested in movus technologies through its corporate venture capital fund, Suzuki Global Ventures (SGV), in Indonesia.
movus is a Japanese mobility service startup that provides eco-car subscription services for ride-hailing drivers in Indonesia using IoT devices and a proprietary credit assessment system based on smartphone and other data.
Under the model, users can eventually gain ownership of vehicles through monthly payments.
Suzuki said the investment would help it connect with a wider customer base through movus’s services.
