Suzuki has announced its financial results for 2021, with a particular focus on two specific time frames: April-December 2021 and the third quarter of 2021 (October – December).
Over the longest of the periods examined, net turnover and net profit increased, compared to the same period of the year, with a 2020 unfortunately strongly conditioned by the health emergency, while in the shortest of periods the net turnover and net profit have decreased: the main cause lies in the increase in the prices of raw materials and various expenses, as well as the contraction in production. Below is the Suzuki analysis, with extended details.
Financial year 2021: period April-December 2021
In the period from April to December, the net turnover increased by 398.8 billion yen (3.0 billion euros) (18.3%) to 2,574.3 billion yen (19.8 billion euros) on an annual basis (YoY).
The Operating income rose 7.9 billion yen (60.7 million euros) (5.7%) to 146.7 billion yen (1.1 billion euros) on an annual basis (YoY).
The result of ordinary activity rose 29.0 billion yen (223.0 million euros) (16.6%) to 203.9 billion yen (1.5 billion euros) on an annual basis (YoY).
L’profit attributable to the shareholders of the parent company increased by 22.6 billion yen (173.8 million euros) (19.9%) to 135.8 billion yen (1.0 billion euros) on an annual basis (YoY).
Financial year 2021: period October-December 2021
Representation of financial results
In the period from October to December, the net turnover decreased by 4.6 billion yen (35.3 million euros) (0.5%) to 900.7 billion yen (6.9 billion euros) on an annual basis (YoY), due to the contraction of the production due to shortages of components, including semiconductors, despite a rise in unit prices and a depreciation of the yen.
The Operating income decreased by 16.3 billion yen (125.3 million euros) (25.6%) to 47.6 billion yen (366.1 million euros) on an annual basis (YoY), mainly due to the increase in the prices of raw materials and various expenses, as well as the contraction of production.
The result of ordinary activity decreased by 23.0 billion yen (176.9 million euros) (29.3%) to 55.7 billion yen (428.4 million euros) and the profit attributable to owners of the parent decreased by 23.6 billion yen (181.5 million euros) (40.2%) to 35.3 billion yen (271.5 million euros), compared to the same period last year, when profits were recorded on sales of investment securities of 11.9 billion yen (91.5 million euros).
Operating results by segment
In the context of a continuous contraction in production, the net turnover decreased by 15.1 billion yen (116.1 million euros) (1.8%) to 812.8 billion yen (6.2 billion euros) on an annual basis (YoY) and the Operating income decreased 19.7 billion yen (151.5 million euros) (34.4%) to 37.7 billion yen (290.0 million euros) on an annual basis (YoY), mainly due to the increase in the prices of raw materials and various expenses.
The net turnover increased by 8.4 billion yen (64.6 million euros) (14.9%) to 64.7 billion yen (497.6 million euros) on an annual basis (YoY), mainly due to growth in sales of higher-end models, such as the new Hayabusa, and the depreciation of the yen. However, the Operating income settled at 2.3 billion yen (17.6 million euros), with growth of 0.1 billion yen (0.7 million euros) (7.8%) on an annual basis (YoY), mainly due to rising commodity prices.
Outboard Division net turnover increased by 2.0 billion yen (15.3 million euros) (10.9%) to 20.2 billion yen (155.3 million euros) on an annual basis (YoY) and the Operating income increased 3.0 billion yen (23.0 million euros) (83.3%) to 6.6 billion yen (50.7 million euros) on an annual basis (YoY). Both have reached record levels, thanks to the continued strong increase in sales of outboard motors in North America.
Financial results forecast for the whole of 2021
As regards the consolidated forecasts, the Company has revised the previous forecasts on the basis of the April-December results and future prospects as follows. While reviews of unit sales, R&D expenses, and exchange rate assumptions predict an increase in sales and profits, reviews that consider increases in various expenses and commodity prices predict a decrease in commodity prices. profits.
Following the review, the operating result remained unchanged from the previous forecast of 170 billion yen (1.3 billion euros). However, consolidated predictions may fluctuate due to a number of uncertain circumstances, such as supply restrictions due to semiconductor shortages and new developments in the COVID-19 pandemic.
Financial results forecasts for the full year 2021
Net turnover: 3,400.0 billion yen (26.1 billion euros) up 7.0% (YoY), an increase of 200.0 billion yen (1.5 billion euros) compared to the previous forecast.
Operating income: 170.0 billion yen (1.3 billion euros) down 12.6% (YoY), unchanged from the previous forecast.
Result of ordinary activity: 230.0 billion yen (1.7 billion euros) down 7.4% (YoY), an increase of 10.0 billion yen (76.9 million euros) compared to the previous forecast.
Profit attributable to owners of the parent: 150.0 billion yen (1.1 billion euros) up 2.4% (YoY), unchanged from the previous forecast.