Financial Performance and Profitability
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Q1 FY2025 Revenue: ¥1,397.8 billion JPY (~$10.0 billion USD), down 4.1% YoY
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Operating Profit (Q1 FY2025): ¥142.1 billion JPY (~$1.02 billion USD), down 9.8% YoY
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Operating Margin: ~10.2%, compared with 10.8% a year ago
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Profit Before Tax: ¥175.7 billion JPY (~$1.25 billion USD), down 7.3%
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Net Profit Attributable to Owners: ¥102.0 billion JPY (~$728 million USD), down 10.7%
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Full‑Year 2025 Forecast: Maintained — management expects recovery in H2 2025 despite early year headwinds
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Key Drivers: Declines in India and Europe vehicle sales, adverse FX movements, and higher material costs; partially offset by stronger motorcycles and marine segments
Vehicle Sales and Production
| Segment | Q1 FY2025 Sales (000 Units) | YoY Change (%) | Notes |
|---|---|---|---|
| Automobiles | 754 | -3.8% | Declines in Indian domestic and European markets |
| Motorcycles | 548 | +4.9% | Growth in India, Latin America, and other key regions |
| Marine Engines | N/A (Revenue +5.7%) | N/A | Strong sales in North America, Europe, and Latin America |
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India: Domestic auto sales down, but exports up; new SUV launches planned to regain momentum
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Motorcycles: Expanding demand in Asia and Latin America
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Marine: Strong global demand, helping support margins
Regional and Global Sales Performance
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India: Offset in exports but domestic decline due to market softness
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Europe: Lower auto volumes affected by macroeconomic conditions
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North America: Marine sales strong, driving segment growth
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Latin America: Motorcycle business expanded, benefiting from new market entries
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Currency fluctuations (stronger yen) weighed on reported revenue in overseas markets
Profitability and Cost Factors
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Key headwinds: Lower unit sales, higher raw material costs, currency effects
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Diversified revenue mix — motorcycles and marine provided resilience
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Continued investment in R&D and electrification
Debt and Liquidity
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Healthy liquidity supports ongoing investment programs and electrification efforts
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No indication of elevated debt concerns from management disclosures
Best Selling Models: Overview and Profit/Loss Status
| Model / Segment | Highlights |
|---|---|
| Swift | Sustained demand in multiple global markets |
| Hayabusa | Iconic motorcycle, contributing to segment growth |
| Marine Engines | Strong volumes in North America and Europe |
Weakest Performers and Segment Underperformance
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ICE passenger car sales in India and Europe underperformed expectations
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Higher material costs and FX pressures eroded margins in automotive segment
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Supply chain and macroeconomic volatility remain challenges
Key Financial and Operational Metrics
| Metric | Q1 FY2025 Value | Notes |
|---|---|---|
| Revenue | ¥1,397.8B JPY (~$10.0B USD) | First decline in five quarters |
| Operating Profit | ¥142.1B JPY (~$1.02B USD) | Down 9.8% YoY |
| Net Profit | ¥102.0B JPY (~$728M USD) | Down 10.7% YoY |
| Automobile Sales | 754,000 units | Weakness mainly in India & Europe |
| Motorcycle Sales | 548,000 units | Growth in India & Latin America |
Industry Outlook and Strategic Focus
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Strengthen automotive lineup in India and Europe with new SUV models (incl. e‑Vitara)
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Maintain growth in motorcycles and marine engines to provide revenue balance
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Ongoing R&D in electrification and mobility technology
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Anticipated recovery in H2 2025 supported by new product introductions
Summary
Suzuki’s Q1 FY2025 results show revenue and profit declines due to automotive segment challenges, especially in India and Europe, compounded by FX and cost pressures. Motorcycles and marine divisions continue to provide growth and margin support. Management remains focused on product renewal, electrification, and segment diversification to position the company for stronger results in the second half of 2025.
Sources
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Suzuki Motor Corporation FY2025 Q1 Financial Results
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Official Suzuki Group earnings release (August 2025)
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Industry analysis of Suzuki’s market performance and segment trends
