Suzuki has officially announced the financial results for the first half of the 2021 financial year which runs from April to September of this year. For the Japanese company, there was an increase in net turnover and profit in the period April-September but with a decrease in the period July-September. This contraction is linked to the reduction in production due to the shortage of components and in particular semiconductors. Suzuki also announced a downward revision of forecasts for sales volume results and net revenue. The forecast of the operating result remains unchanged.
Suzuki’s results
In relation to the period April – September, the company announced that:
- the net turnover increased by 403.4 billion yen (3.1 billion euros) (31.8%) to 1,673.6 billion yen (12.8 billion euros)
- the Operating income increased by 24.2 billion yen (186.1 million euros) (32.3%) to 99.1 billion yen (762.3 million euros)
- he rresult of ordinary activity increased by 52.0 billion yen (400.0 million euros) (54.2%) to 148.2 billion yen (1.1 billion euros)
- the profit attributable to the owners of the parent company recorded an increase of 46.2 billion yen (355.3 million euros) (85.0%) reaching 100.5 billion yen (773.0 million euros)
Regarding the period July – September 2021on the other hand, there was a decrease of 16.7 billion yen (128.4 million euros) (2.0%) in turnover which stood at 828.2 billion yen (6.3 billion euros). This reduction is linked to the contraction in production due to the shortage of components that has hit the automotive market in recent months. The operating result also fell by 29.0 billion yen (223.0 million euros) (39.3%), reaching 44.6 billion yen (434.7 million euros).
The forecasts for the year 2021-22
In relation to the entire financial year 2021-2022 that will end next March, Suzuki expects:
- Net turnover: 3,200.0 billion Yen (24.6 billion euros), down 200.0 billion Yen compared to the previous forecast
- Operating income: 170.0 billion yen (1.3 billion euros)
- Result of ordinary business: 220.0 billion yen (1.6 billion euros)