Suzuki Motor (7269) Q4 2026 earnings summary

Executive summary

• FY2025 revenue reached ¥6,293.0 billion, up 8% year-over-year, driven by robust demand in India and flexible production/logistics adjustments.

• Operating profit declined 3.1% year-over-year to ¥622.9 billion due to higher raw material costs and increased investments in people and technology.

• Fourth-quarter operating profit hit a record high for a single quarter.

• Profit before tax and net profit both achieved record highs, with profit attributable to owners of parent up 5.6% year-over-year to ¥439.3 billion.

• The company remains on track with its mid-term plan, targeting ¥8,000 billion revenue and 10% operating margin by FY2030.

Financial highlights

• Gross profit increased to ¥1,604.3 billion from ¥1,568.7 billion year-over-year.

• Operating profit margin was 9.9%, down from 11.0% the previous year.

• ROE stood at 13.8%, slightly down from 14.6% year-over-year.

• Cash dividends per share increased to ¥46, up 12.2% year-over-year.

• Cash and cash equivalents at year-end were ¥973.3 billion, up ¥130.6 billion from the prior year.

Outlook and guidance

• FY2026 revenue is forecast at ¥6,800.0 billion (+8.1%), with operating profit expected to decline to ¥570.0 billion (–8.5%).

• Profit attributable to owners forecast at ¥380.0 billion (–13.5%), with EPS at ¥196.97.

• Automobile sales volume projected to rise 7.1% to 3.55 million units, but profit is expected to fall due to higher raw material costs.

• Annual dividend forecast to increase to ¥51 per share (+10.9%).

• ROE expected to decrease to 10.8%.