Suzuki Motor boosted operating income for the year to 31 March, 2012 by 11.6% to JPY119.3bn as lower sales and the high yen were offset by cost reductions and reduced depreciation.
Net income rose 19.3% to JPY53.9bn. Operating income, ordinary income, and net income all increased for the third consecutive fiscal year.
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Japanese domestic market sales rose 5.3% to a record JPY986.8bn but overseas sales were off 8.7% to JPY1,525.4bn due to the loss of output in India due to a lengthy strike and the impact of the yen’s appreciation. Overall sals fell 3.7% to JPY2,512.2bn.
Profit in Asia fell but rose in Japan and North America returned to profitability from its operating loss of JPY2.2bn of the previous fiscal year to operating income of JPY0.4bn.
For fiscal 2012/13, Suzuki forecast sales up 3.5% to JPY2,600.0bn, operating income up 0.6% to JPY120.0bn and net income up almost 30% to JPY70.0bn.
