Breaking Away from a Loss-Making Structure through Selection and Concentration in the Motorcycle Business

「Profit increased mainly because sales remained strong, particularly in India and Latin America, and unit sales also increased in Europe compared with the same period of the previous year.」

「Revenue in the motorcycle business increased ¥56.4 billion, or 14.2%, from the previous fiscal year to ¥454.5 billion. Operating income increased ¥3.9 billion, or 9.7%, to ¥44.8 billion. Higher sales in India, Colombia and other markets contributed to higher revenue and operating income.」

「Revenue was ¥454.5 billion, an increase of ¥56.4 billion (14.2%) from the previous fiscal year. Operating profit was ¥44.8 billion, an increase of ¥3.9 billion (9.7%). Higher sales in India, Colombia, and other markets contributed to the increases in revenue and operating profit.」

「Motorcycle business: Revenue increased ¥33.1 billion, or 9.1%, from the previous fiscal year to ¥398.1 billion. Operating income increased ¥1.7 billion, or 4.4%, to ¥40.8 billion. Expanded sales, mainly in India, contributed to higher revenue and operating income.」

「Revenue increased ¥19.6 billion, or 11.0%, year on year to ¥198.3 billion. Operating income increased ¥6.9 billion, or 43.6%, to ¥22.7 billion.」

「Increased sales in India contributed to a ¥33.8 billion, or 10.1%, increase in revenue from the previous consolidated fiscal year to ¥366.9 billion. Operating income increased ¥9.7 billion, or 33.0%, to ¥39.0 billion.」

「Motorcycle business: Revenue increased ¥14.9 billion, or 5.9%, year on year to ¥267.6 billion, while operating income increased ¥3.8 billion, or 16.6%, to ¥26.8 billion. Increased sales in India were a particularly significant contributor.」

「Revenue increased ¥3.8 billion, or 2.2%, year on year to ¥179.7 billion, mainly due to increased sales in India and the weaker yen. Operating income increased ¥900 million, or 5.8%, to ¥16.2 billion.」

「Revenue increased ¥100 million, or 0.2%, year on year to ¥86.4 billion, mainly due to increased sales in India, Europe and other markets and the weaker yen. However, operating income decreased ¥1.9 billion, or 22.4%, to ¥6.4 billion due to deterioration from changes in the sales mix and other factors.」

「Revenue in the motorcycle business increased ¥79.7 billion, or 31.4%, from the previous consolidated fiscal year to ¥333.2 billion. Operating income increased ¥18.5 billion, or 170.2%, to ¥29.3 billion, and the operating margin reached a record high of 8.8%.」

「Revenue increased ¥69.1 billion, or 37.6%, year on year to ¥252.8 billion, while operating income increased ¥13.7 billion, or 148.8%, to ¥23.0 billion. Contributions included increased sales in India and other markets, improvements from changes in the sales mix, and foreign-exchange effects from the weaker yen.」

「Revenue increased ¥57.0 billion, or 47.9%, year on year to ¥175.9 billion, while operating income increased ¥8.4 billion, or 122.1%, to ¥15.3 billion. Contributions included increased sales in India and other markets, improvements from changes in the sales mix, and foreign-exchange effects from the weaker yen.」

「Revenue increased ¥28.8 billion, or 50.1%, year on year to ¥86.3 billion, mainly due to increased wholesale sales in India and North America and foreign-exchange effects. Operating income increased ¥3.9 billion, or 87.3%, to ¥8.3 billion.」

「Revenue in the motorcycle business increased ¥47.0 billion, or 22.7%, from the previous consolidated fiscal year to ¥253.5 billion, mainly due to expanded sales of high-priced models such as the new Hayabusa. Operating income increased ¥8.3 billion, or 321.6%, to ¥10.9 billion.」

「The introduction of the new Hayabusa, the weaker yen and progress in improving the business structure contributed to a 26.3% increase in revenue to ¥183.7 billion, up ¥38.3 billion year on year. Operating income was ¥9.2 billion, marking a return to profitability, and the operating margin was 5.0%.」

「The introduction of the new Hayabusa and progress in improving the business structure contributed to a 33.6% increase in revenue to ¥119.0 billion, up ¥29.9 billion year on year. Operating income was ¥6.9 billion, marking a return to profitability, and the operating margin was 5.8%.」

「The introduction of the new Hayabusa and progress in improving the business structure contributed to a 64.5% increase in revenue to ¥57.5 billion, up ¥22.6 billion year on year. Operating income was ¥4.4 billion, marking a return to profitability, and the operating margin was 7.7%.」

「Due to a decline in the first-quarter consolidated accounting period, the sales season for large motorcycles, as well as lower sales of small motorcycles in India, ASEAN and other markets, revenue decreased ¥36.1 billion, or 14.9%, from the previous consolidated fiscal year to ¥206.5 billion. Operating income increased ¥1.9 billion from the previous consolidated fiscal year to ¥2.6 billion, mainly due to expense reductions from structural improvements.」

「Due to a decline in the first-quarter consolidated accounting period, the sales season for large motorcycles, as well as lower sales of small motorcycles in India, ASEAN and other markets, revenue for the third-quarter cumulative period decreased ¥36.8 billion, or 20.2%, year on year to ¥145.4 billion, and the business posted an operating loss of ¥1.4 billion.」

「Due to a decline in the first-quarter consolidated accounting period, the sales season for large motorcycles, as well as lower sales of small motorcycles in India, ASEAN and other markets, revenue for the second-quarter cumulative period decreased ¥37.4 billion, or 29.6%, year on year to ¥89.1 billion, and the business posted an operating loss of ¥3.6 billion.」

「In the motorcycle business, sales declined in India, Europe and other markets due to the impact of the spread of COVID-19. Revenue decreased ¥30.7 billion, or 46.8%, year on year to ¥34.9 billion, and the business posted an operating loss of ¥3.0 billion.」

「Since April 2019, we have worked to convert the business into a profitable operation as the independent-accounting Motorcycle Company reporting directly to the president, achieving certain results, including establishing profitability through fixed-cost reductions. As the next step, the business changed from the Motorcycle Company to the Motorcycle Business Division, where we will continue to normalize operations.」

「In the motorcycle business, increased sales in India were offset by lower sales in Indonesia and Thailand and the stronger yen, leaving revenue at ¥182.2 billion and operating income at ¥27 million, both roughly in line with the previous year.」

「In the motorcycle business, revenue increased ¥200 million, or 0.2%, year on year to ¥126.5 billion, mainly due to increased sales in India. Operating income decreased ¥2.3 billion, or 56.8%, year on year to ¥1.7 billion, due to depreciation expenses at the Hamamatsu Plant, which began operations in September last year, and deteriorating earnings in Indonesia.」

「In the motorcycle business, revenue increased ¥1.3 billion, or 2.0%, year on year to ¥65.6 billion, mainly due to increased sales in India and the Philippines. Operating income increased ¥200 million, or 7.5%, year on year to ¥2.3 billion.」

「In April this year, we abolished the Motorcycle Business Division and established the Motorcycle Company as an independent-accounting in-house company reporting directly to the president, with the aim of proactively identifying solutions to normalize the business and converting it into a profitable business.」

「In the motorcycle business, revenue increased ¥1.2 billion, or 0.7%, year on year to ¥182.2 billion. Operating income was ¥100 million, down ¥1.5 billion from the same period of the previous year.」

「In the motorcycle business, revenue increased ¥1.9 billion, or 1.5%, year on year to ¥126.3 billion, mainly due to contributions from scooter sales in India. Operating income increased ¥300 million, or 7.4%, year on year to ¥4.0 billion.」

「In the motorcycle business, revenue increased ¥2.7 billion, or 4.4%, year on year to ¥64.3 billion, mainly due to contributions from scooter sales in India. Operating income increased ¥100 million, or 4.8%, year on year to ¥2.1 billion.」

「With a basic focus on the 150cc-and-above, backbone and sport categories, we are developing series ranging from large- to small-displacement motorcycles and consistently strengthening the Suzuki brand. In addition, we aim to establish a consistently profitable structure by continuing to pursue operational improvements with a strong sense of urgency, including strengthening scooters in India, a growth market, improving capacity utilization by deploying ASEAN-produced models both within and outside the region, and consolidating development, production and sales functions at the Hamamatsu Plant.」

「In the motorcycle business, revenue increased ¥37.8 billion, or 26.4%, year on year to ¥181.0 billion, mainly due to contributions from scooter sales in India and sales of large motorcycles in developed markets. Operating income was ¥1.6 billion, compared with an operating loss of ¥3.6 billion in the same period of the previous year, marking a return to profitability.」

「In the motorcycle business, revenue increased ¥27.8 billion, or 28.8%, year on year to ¥124.4 billion, mainly due to contributions from sales of the new GSX-R1000 supersport motorcycle and the GSX-R150 sport motorcycle for emerging markets. Operating income was ¥3.7 billion, compared with an operating loss of ¥700 million in the same period of the previous year, marking a return to profitability.」

「Revenue in the motorcycle business was ¥61.6 billion, up ¥10.9 billion, or 21.6%, from the same period of the previous year, due to contributions from sales of the new GSX-R1000 supersport motorcycle, the GSX-R150 sport motorcycle for emerging markets, and other models. Operating profit turned positive at ¥2.0 billion, compared with an operating loss of ¥600 million in the same period of the previous year.」

「During the fiscal year under review, the company focused on reducing fixed costs and cutting costs, and introduced new models such as the GSX-R1000 and GSX-R150 by the end of the fiscal year. Going forward, it will seek to expand sales of these new models and improve management in order to establish a profitable business structure.」

「Revenue in the motorcycle business was ¥143.2 billion, down ¥29.7 billion, or 17.2%, from the same period of the previous year due to lower sales in Europe, North America and Asia, foreign exchange effects, and other factors. Operating loss narrowed from ¥10.1 billion in the same period of the previous year to ¥3.6 billion.」

「Revenue in the motorcycle business was ¥96.6 billion, down ¥26.7 billion, or 21.7%, from the same period of the previous year due to lower sales in Europe, North America and Asia, foreign exchange effects, and other factors. Operating loss narrowed from ¥1.2 billion in the same period of the previous year to ¥700 million.」

「Revenue in the motorcycle business was ¥50.7 billion, down ¥10.2 billion, or 16.7%, from the same period of the previous year due to lower sales in Europe, North America and Asia, foreign exchange effects, and other factors. Operating loss narrowed from ¥2.6 billion in the same period of the previous year to ¥600 million.」

「Through selective focus, we will work to exit the loss-making structure and develop products that clearly reflect Suzuki's strengths. We will focus particularly on the 150cc-and-above, backbone and sport categories.」