New Ciaz (India)
FY2018 Second Quarter Financial Results
SUZUKI MOTOR CORPORATION 1 November 2018
P2
July–Sept. period: Lower net sales and operating income mainly owing to the depreciation of the Indian Rupee
Apr.-Sept. period: Record-high but slowed down
Second Quarter Results
FY2018 Second Quarter Highlights (Second Quarter Results)
●Consolidated Financial Results…Higher earnings and sales, record-high net sales and each income*1
Net Sales: 1,929.4 billion yen, +5.4% year-on-year, increased for 2 consecutive periods
Operating Income: 198.5 billion yen, +14.8% year-on-year
Ordinary Income: 232.3 billion yen, +24.3% year-on-year
Net Income*2: 136.2 billion yen, +30.7% year-on-year, increased for 9 consecutive periods
・Increased sales…Increase in automobile sales in Japan,
and automobile and motorcycle sales in India, etc. ・Increased income…Improvement in profit in Asia and Japan, etc.
●Worldwide Sales Volume of Automobiles…1,699 thousand units (+7.5% year-on-year),
record-high*1
・Increase in India, Japan, Indonesia, etc.
●Worldwide Sales Volume of Motorcycles…878 thousand units (+10.2% year-on-year)
・Increase in India, Indonesia, etc.
●Interim Cash Dividends…Kept unchanged from the previous forecast of 37 yen per share *1 The highest ever since disclosing the second quarter financial results *2 Net income means Net income attributable to owners of the parent
increased for 7 consecutive periods
P3
59.2 56.3 51.9
99.3
85.1 87.8 87.0
114.3 116.5
82.0
754.0 744.9 753.0
917.6 869.3
961.8 893.8
1,032.3 987.5
942.0
0.0
40.0
80.0
120.0
160.0
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q0.0
300.0
600.0
900.0
1,200.0
FY2016 FY2017 FY2018
Operating Income
Net Sales
Trends in Operating Results by Quarters
July-Sept. period largely decreased earnings and sales
compared to Apr.-June, and decreased earnings year-on-year
Trends in Operating Results by Quarters
(Billions of yen)
P4
+5.6 +6.1 +3.2 +2.8
▲0.6 +3.1
+8.0 +4.0
▲4.6 ▲5.9 ▲0.8
▲0.7
▲1.0
▲1.0 ▲1.2
+3.7
+19.7
+13.4
+1.5
▲4.1 ▲10.1
▲15.0
▲10.0
▲5.0
+0.0
+5.0
+10.0
+15.0
+20.0
Apr.-June July-Sept. Oct.-Dec. Jan.-Mar. Apr.-June July-Sept.
FY2017 FY2018
Impact owing to the depreciation of currencies of
emerging countries including India, Indonesia, and Pakistan Impact of ForEX Rates in the Operating Income Year-on-Year by Quarters
Trends in Impact of Foreign Exchange Rates by Quarters
US Dollar
Euro
Indian Rupee
Indonesian Rupiah
Pak. Rupee
Other
(Billions of yen)
P5
*Net income means Net income attributable to owners of the parent.
●Operating Results Net Sales 3,800.0 billion yen, +1.1% year-on-year, unchanged from prev. forecast
Operating Income 350.0 billion yen, -6.5% year-on-year, +10.0 billion yen from prev. forecast
Ordinary Income 390.0 billion yen, +1.9%, +40.0 billion yen from prev. forecast
Net Income* 220.0 billion yen, +2.0%, +15.0 billion yen from prev. forecast
●Automobile Sales Volume …3,338 thousand units, +39 thousand units from prev. forecast ・Upward revision in Japan and Asia (India…+6%→+8% year-on-year) ●Motorcycle Sales Volume …1,708 thousand units, +62 thousand units from prev. forecast ・Upward revision in Asia, etc. ●Year-End Cash Dividends…unchanged at 37 yen per share
Full Year Forecasts
FY2018 Second Quarter Highlights (Revision of Financial Forecasts)
Reflected the half-year results
as well as outlook of sales, ForEX rates, etc.
US Dollar Euro Indian Rupee 100 Indonesian Rupiah Thai Baht Pak. Rupee
Previous 105 yen 130 yen 1.65 yen 0.78 yen 3.30 yen 0.95 yenRevised 105 yen 130 yen 1.50 yen 0.75 yen 3.30 yen 0.85 yen
2nd HalfRate
P6
(億円)
Consolidated: Financial Summary
Higher earnings on higher sales,
Record-high net sales and each income
Ratio
1,929.4 1,831.1 +98.3 +5.4%
Japan 598.6 531.4 +67.2 +12.6%
Suzuki brand 546.1 481.2 +64.9 +13.5%
OEM 52.5 50.2 +2.3 +4.5%
Overseas 1,330.8 1,299.7 +31.1 +2.4%
Operating Income 198.5 172.9
(10.3%) (9.4%)
Ordinary Income 232.3 186.9
(12.0%) (10.2%)
136.2 104.2
(7.1%) (5.7%)
Change
Net Sales
+25.6 +14.8%(Margin)
(Billions of yen) FY20186 months
('18/4-9)
FY20176 months
('17/4-9)
+45.4 +24.3%(Margin)
Net income attributableto owners of the parent +32.0 +30.7%
(Margin)
P7 Consolidated: Net Sales
FY2018
6 months
('18/4-9)
FY2017
6 months
('17/4-9)Change
FY2018
6 months
('18/4-9)
FY2017
6 months
('17/4-9)Change
FY2018
6 months
('18/4-9)
FY2017
6 months
('17/4-9)Change
FY2018
6 months
('18/4-9)
FY2017
6 months
('17/4-9)Change
Japan total 580.7 511.9 +68.8 10.5 11.8 -1.3 7.4 7.7 -0.3 598.6 531.4 +67.2
528.2 461.7 +66.5 10.5 11.8 -1.3 7.4 7.7 -0.3 546.1 481.2 +64.9
OEM 52.5 50.2 +2.3 52.5 50.2 +2.3
1,180.6 1,157.2 +23.4 115.8 112.6 +3.2 34.4 29.9 +4.5 1,330.8 1,299.7 +31.1 -62.6
Europe 207.5 223.5 -16.0 20.4 24.0 -3.6 8.7 8.6 +0.1 236.6 256.1 -19.5 +7.3
N. America 0.7 0.8 -0.1 14.9 15.6 -0.7 17.8 13.7 +4.1 33.4 30.1 +3.3 -0.2
Asia 854.8 815.0 +39.8 64.7 55.7 +9.0 3.2 2.9 +0.3 922.7 873.6 +49.1 -66.9
India 663.6 621.3 +42.3 27.8 22.3 +5.5 0.3 0.2 +0.1 691.7 643.8 +47.9 -52.3
Other 191.2 193.7 -2.5 36.9 33.4 +3.5 2.9 2.7 +0.2 231.0 229.8 +1.2 -14.6
Other 117.6 117.9 -0.3 15.8 17.3 -1.5 4.7 4.7 -0.0 138.1 139.9 -1.8 -2.8
Grandtotal
1,761.3 1,669.1 +92.2 126.3 124.4 +1.9 41.8 37.6 +4.2 1,929.4 1,831.1 +98.3 -62.6
of whicheffect of
ForEX ratesconversion
-3.9 -62.6+0.1-58.8
Overseastotal
Total
Suzukibrand
of whicheffect of
ForEX ratesconversion
MotorcycleAutomobile Marine, etc.(Billionsof yen)
Note: North America…United States and Canada Automobile in North America…sales of parts and accessories, etc.
*Record-high in second quarter financial results
Increase in each segment, record-high* in domestic, overseas, and consolidated
P8
172.9 198.5
+46.1
+10.1 +8.9 -18.9
-14.2 -6.4
of which raw materials
-6.7
Change in sales, model mix
Effect of
ForEX rates
Cost reduction
Increase of R&D
expenses
Decrease of depreciation expenses
Increase of various
expenses
Consolidated:
Factors of Change in Operating Income (Billions of yen)
FY2017 First 6 months
Operating income
FY2018 First 6 months
Operating income
Factors of increase +65.1 Factors of decrease -39.5
Operating income +25.6
P9
* Mex. Peso -0.9bln yen, Russian Ruble -0.5bln yen, etc.
Consolidated: Foreign Exchange Rates
US Dollar 110 yen 111 yen -1 yen -0.2bln yen
Euro 130 yen 126 yen +4 yen +2.2bln yen
Indian Rupee 1.62 yen 1.74 yen -0.12 yen -10.5bln yen
100Indonesian Rupiah
0.78 yen 0.84 yen -0.06 yen -1.5bln yen
Thai Baht 3.40 yen 3.28 yen +0.12 yen -0.3bln yen
Pak. Rupee 0.92 yen 1.06 yen -0.14 yen -2.2bln yen
Others - - - -1.7bln yen *
Total -14.2bln yen
Change
FY20176 months
('17/4-9)
FY20186 months
('18/4-9)
Effect of ForEX ratesin operating income
P10 Consolidated:
Capital Expenditures, Depreciation Expenses, R&D Expenses and Interest-Bearing Debt balance
(Billions of yen)
(Non-consolidated) 25.7 21.5 +4.2
(Subsidiaries) 106.3 52.0 +54.3
132.0 73.5 +58.5
64.2 74.3 -10.1
71.8 65.4 +6.4
Depreciation Expenses
R&D Expenses
Change
Capital Expenditures
FY20186 months
('18/4-9)
FY20176 months
('17/4-9)
FY2018 Q2
('18/9) ('17/9) Change ('18/3) Change
Interest-BearingDebt balance
381.5 641.8 -260.3 577.9 -196.4
FY2017 Q2 FY2017 Q4
P11
600.8
423.6
+224.1
+1.5
-160.3
-242.5
Operating C/F
Investing C/F
Financing C/F
Other
of which CB redemption -174.0
At beginning
of period
At end
of period Cash Balance -177.2
Free C/F +63.8
Consolidated: Cash Flows
(Billions of yen)
P12
《Marine, etc.》
《Automobile》
《Motorcycle》
162.4
3.7 6.8
185.5
4.0 9.0 0.0
50.0100.0150.0200.0250.0
1,669.1
124.4 37.6
1,761.3
126.3 41.8 0.0
400.0
800.0
1,200.0
1,600.0
2,000.0
四輪車 二輪車 特機等
Net sales +92.2(+5.5%)
Operating income +23.1(+14.2%)
Operating income +2.2(+32.6%)
Net sales +4.2(+11.1%)
Net sales +1.9(+1.5%)
Operating income +0.3(+7.4%)
SWIFT Spacia
Access125 (India)
V-Strom650XT DF350A
Consolidated: Operating Results by Segment (Net sales, Operating income)
(Billions of yen)
FY2017 FY2018 ‘17/4-9 ‘18/4-9
FY2017 FY2018 ‘17/4-9 ‘18/4-9
FY2017 FY2018 ‘17/4-9 ‘18/4-9
P13
《Other》
《Asia》
《Europe》
《Japan》
74.7
9.1
90.6
2.1
85.7
9.1
94.9
3.4 0.0
40.0
80.0
120.0
974.0
310.3
933.8
78.6
1,012.3
274.1
980.9
86.6
0.0
300.0
600.0
900.0
1,200.0
Net sales +47.1(+5.0%)
Net sales +38.3(+3.9%)
Net sales -36.2(-11.7%)
Net sales +8.0(+10.3%)
Operating income +1.3(+57.2%)
Operating income +11.0(+14.7%)
Operating income +0.0(+0.3%)
Operating income +4.3(+4.8%)
(168.1) (127.4)
(92.8) (69.4)
(49.6)
805.9 884.9
217.5 204.7
884.3 937.3
(43.6)
Consolidated: Operating Results by Geographic Region (Net sales, Operating income)
(Billions of yen)
Note about triangle trade : Conventionally, net sales of Hungary production models for European subsidiaries were eliminated as they were intraregional subsidiary trade. But because trade type was changed to triangle trade via Japan, and net sales to Japan and net sales from Japan to Europe are not eliminated, net sales of Japan and Europe are shown larger. The same trade is also applied in Asia.
FY2017 FY2018 ‘17/4-9 ‘18/4-9
FY2017 FY2018 ‘17/4-9 ‘18/4-9
FY2017 FY2018 ‘17/4-9 ‘18/4-9
FY2017 FY2018 ‘17/4-9 ‘18/4-9
Net sales (excluding triangle trade)
P14 Consolidated:
Number of Consolidated Subsidiaries, Equity Method Affiliates and Employees
FY2018 Q2
('18/9) ('17/9) Change ('18/3) Change
ConsolidatedSubsidiaries
131 136 -5 131 ±0
Equity MethodAffiliates
28 33 -5 31 -3
Employees 67,854 65,056 +2,798 65,179 +2,675
FY2017 Q2 FY2017 Q4
P15 Consolidated: Full year forecasts
FY 2017 Result Change Previous forecast Change
3,800.0 3,757.2 +42.8 3,800.0 ±0
350.0 374.2 -24.2 340.0 +10.0
390.0 382.8 +7.2 350.0 +40.0
220.0 215.7 +4.3 205.0 +15.0
Change in sales, model mix +40.8 +103.0 -0.2 +41.0
Cost reduction +27.0 +26.6 +28.0 -1.0
Effect of ForEX rates -40.0 +38.3 -22.0 -18.0
Increase of various expenses -32.0 -65.0 -20.0 -12.0
Increase of R&D expenses -20.0 -7.9 -20.0 ±0
Fluctuation of depreciation - +12.5 - -
Total -24.2 +107.5 -34.2 +10.0
250.0 213.4 +36.6 250.0 ±0
150.0 150.9 -0.9 150.0 ±0
160.0 139.4 +20.6 160.0 ±0R&D Expenses
Change in O
pera
ting Incom
e
Comparison with FY 2017 result Comparison with previous forecast
Capital Expenditures
Depreciation Expenses
Operating income
Ordinary income
Net income attributableto owners of the parent
(Billions of yen)Latest
Forecast
Net sales
Reflected the half-year results as well as outlook of sales, ForEX rate, etc.
P16
1st HalfResults
2nd HalfForecasts
Full-YearForecasts
ForEXImpact
Full-YearResults Change
Full-YearForecasts Change
U.S. Dollar 110 yen 105 yen 108 yen -2.4bln yen 111 yen -3 yen 105 yen +3 yen
Euro 130 yen 130 yen 130 yen +0.3bln yen 130 yen ±0 yen 130 yen ±0 yen
IndianRupee
1.62 yen 1.50 yen 1.56 yen -26.9bln yen 1.73 yen -0.17 yen 1.65 yen -0.09 yen
100IndonesianRupiah
0.78 yen 0.75 yen 0.77 yen -2.4bln yen 0.83 yen -0.06 yen 0.78 yen -0.01 yen
Thai Baht 3.40 yen 3.30 yen 3.35 yen +0.0bln yen 3.36 yen -0.01 yen 3.30 yen +0.05 yen
Pak.Rupee
0.92 yen 0.85 yen 0.89 yen -4.3bln yen 1.04 yen -0.15 yen 0.95 yen -0.06 yen
-4.3bln yen
-40.0bln yenEffect of ForEX ratestotal
Prev. Forecasts(2018.4~2019.3)
Latest Forecasts(2018.4~2019.3)
Others
Year-on-Year(2017.4~2018.3)
Revised toward yen appreciation mainly for currencies of emerging countries
Consolidated: Forecasts for Operating Results
(Foreign Exchange Rates)
P17
+135(+8.3%)
466 499
91 76
869 988
191 188 1
1
FY2017 FY2018
1,617 1,752
233 255 42 30
466 507
94 92 1 1
FY2017 FY2018
of which CBUs:249
of which CBUs:229
835 884
’17/4-9 ’18/4-9 ’17/7-9 ’18/7-9
Production Volume of Automobiles
Record-high for second quarter with 1,752 thousand units
●Second quarter (Apr.-Sept.) global production
≪Half Year Comparison≫ ≪ Of Which
Three Months Comparison ≫
(Thousand units)
of which CBUs:457
of which CBUs:487
India
Europe
Japan
Asia Others
Asia
Europe Japan
Others
India
・Record-high with 1,752 thousand units (+8.3% year-on-year)
・India 988 thousand units (+13.6%) Japan 499 thousand units (+7.2%) Europe 76 thousand units (-16.1%)
・Asia excl. India 188 thousand units (-1.5%)
(Breakdown) Pakistan 68 thousand units (+9.2%) Indonesia 63 thousand units (+19.1%) Thailand 30 thousand units (+6.6%) China 22 thousand units (-52.2%) Myanmar 5 thousand units (+260.5%)
+49(+5.9%)
P18
+118(+7.5%)
320 349
140 139
826 919
209 200 87 92
FY2017 FY2018
1,581 1,699
160 175 69 65
457 455
107 94 45 48
FY2017 FY2018
840 837
-3(-0.3%)
’17/4-9 ’18/4-9 ’17/7-9 ’18/7-9
●July-Sept. global sales
Sales Volume of Automobiles
Record-high global sales volume with 1,699 thousand units
(Thousand units)
≪Half Year Comparison≫ ≪ Of Which
Three Months Comparison ≫
Asia
Europe
Japan
Others
India
Asia
Europe Japan
Others
India
●Second quarter (Apr.-Sept.) global sales
・Record-high with 1,699 thousand units (+7.5% year-on-year)
・ Japan (+9.0%) ・ Europe (-0.4%) ・ India (+11.3%) ・Asia excl. India 200 thousand
units (-4.3%) owing to the decrease in China
・Flat on the year at 837 thousand units (-0.3%) owing to the decrease in China, despite the increase in Japan (+9.5%)
P19 Sales trends of mini-based vehicles
Minivehicles around the world
286
315 54
25
22
998
Japan
India
Pakistan
Mini-base 702 thousand
units (41%)
Non-mini-base 998 thousand
units (59%)
ASEAN
Others
Non-mini-base
*Breakdown of April-September 2018 global sales of 1,699 thousand units. Japan includes Jimny Sierra (compact car).
P20
’17/4-9 ’18/4-9
266 284
54 65
FY2017 FY2018
+29(+9.0%)
320 349
’17/7-9 ’18/7-9
134 144
26 31
FY2017 FY2018
+15(+9.5%)
160
175
Sales Volume of Automobiles by Geographic Region (Japan)
Contribution of new models incl. Spacia and XBEE
≪Half Year Comparison≫ ≪ Of Which
Three Months Comparison ≫
(Thousand units)
Mini-vehicle
Sub-compact and standard-sized vehicle
Mini-vehicle
Sub-compact and standard-sized vehicle
●Second quarter (Apr.-Sept.) Japan sales
●Topic
・349 thousand units (+9.0% year-on-year)
・Contribution of new models including Spacia minicar and XBEE compact car
・All-new Jimny (mini) and Jimny Sierra (compact car) won the Good Design Gold Award
P21
10 9 7 6
12 12 6 6 2 1
33 30
FY2017 FY2018
-1(-0.4%)
’17/4-9 ’18/4-9
19 18
15 15
20 21
13 13 4 4
69 68
FY2017 FY2018
139 140
-5(-6.9%)
’17/7-9 ’18/7-9
65 69 ●July-Sept. European sales
Sales Volume of Automobiles by Geographic Region (Europe)
Steady sales of the Swift and Ignis ≪ Of Which
Three Months Comparison ≫ ≪Half Year Comparison≫
(Thousand units)
Germany
Italy
UK
Other
France
Spain
Germany
Italy UK
Other
France Spain
●Second quarter (Apr.-Sept.) European sales
・Europe overall was flat on the year owing to steady sales of the Swift and Ignis.
・Decreased(-6.9% year-on-year) owing to temporary decrease in production at the Hungary Plant due to switching of models for meeting European emissions regulations
P22
+93(+11.3%)
’17/4-9 ’18/4-9
220 214
365 452
34
24 124
130 79
89 3
10
FY2017 FY2018
919 826
Mini
Compact
Midsize
UV
Vans LCV
-2(-0.4%)
116 109
210 220
18 13 67 64
43 44 2 6
FY2017 FY2018
455 457
Mini
Compact
Midsize UV
Vans LCV
’17/7-9 ’18/7-9
75
78 76 76
79
84
68 66
63 65
69 71
Apr. May Jun. Jul. Aug. Sept.
FY2018FY2017
Trends in petrol price* (Rupees/L)
※LCV=Light Commercial Vehicles UV =Utilities Vehicles
*Price in Delhi at the end of each month (rounded to the nearest rupee)
Sales Volume of Automobiles by Geographic Region (India)
Record-high Indian sales
(Thousand units)
≪Half Year Comparison≫ ≪ Of Which
Three Months Comparison ≫
●Second quarter (Apr.-Sept.) Indian sales
・Record-high for Apr.-Sept. owing to growth in compact car segment
・However, July-Sept. was flat on the year partly owing to the impact of flood, etc.
・Recent fuel price became the highest ever
P23 Launched the new Ciaz in India
First hybrid car in India with lithium-ion battery
・Launched in 2014, Ciaz became the most popular mid-size premium sedan, and has sold 220,000 units since launch (as of August 2018).
・The petrol variant became the first mild hybrid car in India with lithium-ion battery.
●Launched the new Ciaz in August
P24
55 59
12 14
10 10 2
5 3
3
FY2017 FY2018
’17/4-9 ’18/4-9
+10(+12.0%)
82 91
29 30
7 7 5 5
2 2
1 3
FY2017 FY2018
Myanmar Vietnam
Thailand
Indonesia
Philippines
’17/7-9 ’18/7-9
+4(+8.7%)
43 47
Swift launch event held in Yangon in October
Sales Volume of Automobiles by Geographic Region (ASEAN)
Increased mainly owing to Indonesia, Thailand, and Myanmar
≪Half Year Comparison≫ ≪ Of Which
Three Months Comparison ≫
(Thousand units)
●Second quarter (Apr.-Sept.) ASEAN sales
※ASEAN; Total of 5 countries - Indonesia, Thailand, the Philippines, Myanmar and Vietnam
Myanmar Vietnam
Thailand
Indonesia
Philippines
●Topic
・Total of 5 ASEAN countries* 91 thousand units (+12.0% year-on-year)
・Indonesia increased by 7.3% partly owing to recovery of commercial vehicle segment
・Thailand increased by 19.5% mainly owing to the launch of Swift, etc.
・Myanmar largely increased
・Swift was launched as the 4th local production model for Suzuki in Myanmar (October)
P25
+81(+10.2%) +82(+10.2%)
70 53 2 1
701 796
20
24
FY2017 FY2018
793 874
36 31 24 27 20 21
627 720
89
79
FY2017 FY2018
796 878
’17/4-9 ’18/4-9 ’17/4-9 ’18/4-9
Production and Sales Volume of Motorcycles
Increased production and sales ≪Half Year Production Volume Comparison≫
≪Half Year Sales Volume Comparison≫
(Thousand units)
●Second quarter (Apr.-Sept.) motorcycles
Other
Asia
North America
Japan
Other
Asia
North America
Europe Japan
・Global production 874 thousand units (+10.2% year-on-year)
・Global sales 878 thousand units (+10.2%)
P26
241 331
197
170 81
100 41
46 11
10 56
63
FY2017 FY2018
+95(+13.5%) +93(+14.8%)
260 352
251
211
75 92 46
76 23
13 46
52
FY2017 FY2018
701 796
627
720
’17/4-9 ’18/4-9 ’17/4-9 ’18/4-9
Motorcycles: Breakdown of Asia
Increase in India, Indonesia, etc.
(Thousand units)
≪Half Year Production Volume Comparison≫
≪Half Year Sales Volume Comparison≫
●Second quarter(Apr.-Sept.) Asian sales
●Topic
India
China
Indonesia
Philippines
Other Thailand
India
China
Indonesia
Philippines
Other Thailand
・Asian sales increased by 14.8% year-on-year to 720 thousand units owing to the increase in countries including India and Indonesia
・Strong sales of the Access continues in India (+37.1%)
・Indonesia increased by 12.8% owing the launch of NEX II, etc.
・Launched 125cc scooter BURGMAN STREET in India (July)
P27 Unveiled the KATANA
・Exhibited at the 1980 Cologne Motor Show
・Won the hearts of riders around the world with its avant-garde KATANA (Japanese sword) design
・Launched worldwide in 1981
Distinctive, avant-garde styling design like a Japanese sword of tempered steel
●About the GSX1100S KATANA unveiled in 1980
●About the all-new KATANA
・Unveiled at the INTERMOT International Motorcycle, Scooter and Bicycle Fair held in Cologne, Germany in October
・With the GSX1100S KATANA as its motif, arranged it into a modern look
・999cm3 inline four-cylinder engine based on that of GSX-R1000
・Will be produced at the Hamamatsu Plant and is planned to be launched globally from the spring of 2019 in areas including Europe
P28 Production and Sales: FY2018 Business Forecasts
Upward revision for both automobile and motorcycle
Forecast Forecast
(FY2018) (FY2017) Change Ratio (FY2018) (FY2017) Change Ratio
<Automobile>
Japan 1,010 971 +39 +4.0% +29 697 668 +29 +4.3% +22
Europe 172 180 -8 -4.6% -1 280 281 -1 -0.3% ±0
Asia 2,292 2,185 +107 +4.9% +35 2,173 2,093 +80 +3.8% +16
Others 4 2 +2 +75.0% +2 188 182 +6 +3.6% +1
Total 3,478 3,338 +140 +4.2% +65 3,338 3,224 +114 +3.5% +39
<Motorcycle>
Japan 123 152 -29 -19.2% -12 63 60 +3 +5.9% -1
Europe - - - - - 48 40 +8 +20.0% -2
N.America 4 4 -0 -6.6% ±0 38 35 +3 +7.8% -2
Asia 1,545 1,431 +114 +7.9% +49 1,398 1,261 +137 +10.9% +81
Others 49 39 +10 +25.5% -1 161 184 -23 -12.6% -14
Total 1,721 1,627 +94 +5.8% +36 1,708 1,580 +128 +8.1% +62
(Thousandunits)
FY2017 Results FY2017 Results Revisedunits frompreviousforecast
Production SalesRevised
units frompreviousforecast
P29
194.2 billion yen
194.1 billion yen
20.0 billion yen
Conversion of the Convertible Bonds (CB)
Conversion proceeded due to rise in stock price
442 million
shares
442 million
shares
461 million
shares
49 million shares
49 million shares
30 million shares
491 million shares
491 million shares
Issued shares excl. treasury shares
Remaining CB
Issued shares
Treasury shares
・Issued 200 billion yen (100 billion each for 5-year and 7-year bonds) in April 2016. ・Request for conversion proceeded due to rise in stock price from August 2018.
As of the end of September, the remaining CB is 20 billion yen.
March 2018 June 2018 September 2018
・Delivered a total of 180 billion yen in cash and 19 million shares of treasury shares by the end of September ⇒Conversion is limited to or less than half of the normal CB (44 million stocks) ・Equity Per Share slightly decreases due to increase in issued shares excluding treasury shares, but Return On Equity does not decrease
491 million shares
Effects of scheme to minimize dilutive impact
P30
Both interim and year-end dividends are kept unchanged from the previous forecasts
Cash Dividends per Share
FY 2018
In comparison with FY 2017
In comparison with previous forecast
FY 2017 Result
Change Previous forecast
Change
Interim dividends
37 yen 30 yen +7 yen 37 yen (Plan)
±0 yen
Year-end dividends
37 yen (Plan)
44 yen -7 yen 37 yen (Plan)
±0 yen
Annual dividends
74 yen (Plan)
74 yen ±0 yen 74 yen (Plan)
±0 yen
P31
New HUSTLER Wanderer Debut!
FY2018 Second Quarter Financial Results
SUZUKI MOTOR CORPORATION
P32
Caution with respect to Forward-Looking Statements
The forward-looking statements mentioned in this presentation are based on currently available information and assumptions, contain risks and uncertainty and do not constitute guarantees of future achievement.
Please note that the future results may greatly vary by the changes of various factors.
Those factors, which may influence the future results, include economic conditions and the trend of demand in major markets and the fluctuations of foreign exchange rates
(mainly U.S. dollar/Yen rate, Euro/Yen rate,
Indian Rupee/Yen rate). [English translation from the original Japanese language document]