Suzuki Motor said on November 10 that it lowered its pretax profit forecast for the fiscal year ending March 2027 from 720 billion yen to 690 billion yen, 5.6% below the previous fiscal year. According to Sina Finance, higher raw-material costs are expected to offset gains from vehicle sales growth; Suzuki's Tokyo-listed shares fell 3.4% to 2,219.5 yen as of 13:31 (UTC+8).
The company kept its full-year operating profit and net profit forecasts unchanged at 540 billion yen and 420 billion yen, respectively, down 13.3% and 4.4% year over year. It raised its full-year global vehicle sales forecast to 3.7 million, 122,000 above its previous forecast and up 11.5% year over year, mainly on stronger demand in India.
In the first half of the fiscal year, through the end of September, revenue rose 19.4% year over year to 3.42 trillion yen, operating profit increased 5.5% to 291.6 billion yen, and net profit attributable to parent company shareholders rose 31.6% to 253.7 billion yen. Suzuki said profitability improved across regions in the first half, partly offsetting the impact of higher raw-material costs.