Operating income at Suzuki Motor increased 21% to JPY144.6bn for the fiscal year to 31 March, 2013 thanks to higher sales in Japan and Asia, and cost reduction.
Net income rose 49.2% to a record JPY80.4bn despite the costs of winding down the automobile business in the US.
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Japanese domestic sales passed JPY1 trillion for the first time, up 5.5% to JPY1,040.9bn.
Overseas sales inched up 0.8% to JPY1,537.4bn with yen appreciation and sluggish European sales osset by a rise in Asia. Total sales rose 2.6% to JPY2,578.3bn.
The good results mean Suzuki will pay shareholders a dividend JPY2.00 higher per share at JPY10.00 for the year. As a result, the annual dividends will rose JPY3.00 to JPY18.00 per share.
Automobile business sales increased 4% to JPY88.8bn and operating income rose 31.5% to JPY150.6bn due to strong sales in India, Indonesia and Japan.
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By GlobalDataSuzuki booked a full year operating loss in Europe, as economic stagnation continued, although it returned to operating profit in the fourth quarter.
More details: click on ‘press release’ below.
