SUZUKI announces its financial results for the FY 2015 Q1 (April 2015 - June 2015).

• Increased sales and operating/ordinary income
• Decreased net income (attributable to owners of the parent)

1. Outline of the Financial Results for FY2015 First Quarter (April 2015 to June 2015)

The consolidated net sales of this first quarter (April 2015 to June 2015) increased by ¥62.5 billion (8.8%) to ¥772.9 billion compared to the corresponding period of the previous fiscal year.

The Japanese domestic net sales decreased by ¥8.7 billion (3.4%) to ¥247.3 billion year-on-year owing to the decrease in the OEM sales. The overseas net sales increased by ¥71.2 billion (15.7%) to ¥525.6 billion year-on-year mainly owing to the increase in the automobile sales in India.

In terms of the consolidated income, the operating income increased by ¥4.3 billion (8.3%) to ¥55.2 billion year-on-year mainly owing to the increase in the income in India. 

The ordinary income increased by ¥3.0 billion (5.1%) to ¥62.3 billion year-on-year. However, the net income attributable to owners of the parent decreased by ¥5.8 billion (15.5%) to ¥31.7 billion year-on-year mainly owing to the increase in the adjustment of profit attributable to non-controlling interests.

2. The Operating Results by Segment

In the automobile business, the Company made efforts to expand its sales by strengthening its products such as by launching the all-new Alto Lapin minicar and enhancing fuel efficiency of models including the Hustler and the Spacia minicars. 

However, owing to the decrease in the OEM sales, the Japanese domestic net sales decreased year-on-year. The overseas net sales increased year-on-year mainly owing to the increase in India and Pakistan. 

Consequently, the net sales of the automobile business increased by ¥62.9 billion (10.0%) to ¥691.9 billion year-on-year. The operating income increased by ¥6.3 billion (13.2%) to ¥53.6 billion year-on-year mainly owing to the increase in the income in India.

In the motorcycle business, the net sales decreased by ¥4.7 billion (7.2%) to ¥60.9 billion year-on-year mainly owing to the decrease in the sales in North America and Asia. 

The operating income of ¥1.0 billion in the corresponding period of the previous fiscal year became an operating loss of ¥2.6 billion.

In the marine and power products, etc. business, the net sales increased by ¥4.3 billion (27.3%) to ¥20.1 billion year-on-year mainly owing to the increase in the sales of the outboard motors in the US. The operating income increased by ¥1.6 billion (63.8%) to ¥4.2 billion year-on-year.

As for the operating income by geographical areas, Japan decreased by ¥6.6 billion (19.7%) to ¥27.2 billion year-on-year mainly owing to the increase in research and development expenses and depreciation. 

However, Asia increased by ¥14.0 billion (93.2%) to ¥29.1 billion year-on-year mainly owing to the increase in the automobile sales in India and Pakistan.

3. Forecasts for the Consolidated Operating Results-Full Year

As for the forecasts for the consolidated operating results, they remain unchanged from the previous forecasts. The Group will work as one to reform in every field to accomplish the below forecasts for the consolidated operation by pursuing the business activity.

(Forecasts for the consolidated operating results-Full Year)

Net Sales	¥3,100.0 billion (up 2.8% year-on-year)
Operating Income	¥190.0 billion (up 5.9% year-on-year)
Ordinary Income	¥200.0 billion (up 2.9% year-on-year)
Net Income attributable to owners of the parent	¥110.0 billion (up 13.6% year-on-year)
(Foreign Exchange Rate)	¥115/US$
	¥125/Euro
	¥1.85/Indian Rupee
	¥0.90/100 Indonesian Rupiah
	¥3.50/Thai Baht

Suzuki takes a well deserved second place in the Warranty Direct/What Car? annual reliability survey.

Lowest cost per claim across all manufacturers

The latest Warranty Direct survey has been published by What Car? Magazine and Suzuki’s renowned reputation for reliability has again been reinforced with another strong result for the brand, scoring 48 points in the Reliability Index. 

The lower the number, the more reliable the brand, and Suzuki’s was considerably lower than the average score across all manufacturers measured which was 149.

Suzuki were in second place overall across 37 manufacturers this year and joined seven other Japanese manufacturers in the top 10.

The Reliability Index takes into account all factors of a repair including the cost of parts, frequency of failures as well as time off the road. Suzuki cars measured in the survey had an average age of 5.35 years, mileage of 39,200 with time off the road of just 1.93 hours in the event of a warranty claim. There were no nasty surprises in store either as the average repair cost across the Suzuki range was £256 – the lowest of all manufacturers.

In the Supermini / City car segment, Suzuki’s low cost of ownership was highlighted even further with the Alto model at an average of 5.15 years old ranking as one of the cheapest cars to repair at just £118. Alto achieved a Reliability Index score of only 14.00 points with an average time off the road of only 1.2 hours. 

Suzuki’s reputation of low cost of ownership continues too with its recently launched Celerio City car now available with new technology Dualjet engine. Dualjet offers even lower CO₂ emissions of just 84g/km and 78.4mpg on the EC Combined fuel consumption cycle. The Swift Supermini is also now available with the Dualjet engine with CO₂ emissions of 99g/km, combined fuel consumption of 65.7mpg and no annual VED to pay.

Suzuki will display two world-premiere concept models at the 85th Geneva Motor Show next month.

Suzuki Motor Corporation will display two world-premiere concept models at the 85th Geneva Motor Show next month, both will offer the design language tahat has become an important part of Suzuki design of recent times, and will move the brand forward with these two new exciting products.

iK-2

The iK-2 is an ideal compact sized car, developed with an innovative theme of “Harmonised Force”. By combining all of the key elements expected in a car of this size the new model raises compact car values to the limit.

iM-4

The iM-4 is an iconic mini 4x4 developed with a concept theme of “Shape the Inspiration”. It is an all-new proposal from Suzuki, packed with its compact 4x4 DNA and new technologies as well as distinctive styling that will give real inspiration to drivers.

Detailed information will be disclosed at the Suzuki press conference, scheduled on

Tuesday, 3rd March 2015 at 11:15 am

On stand 4251, in hall 4

A special website is available on http://www.globalsuzuki.com/geneva2015/

*The 85th Geneva International Motor Show will be open to the press on 3rd and 4th March and then to the general public from 5th to 15th March.

USA RECALL #3 - Suzuki recalls nearly 20,000 Kizashi models due to spiders, yup that right, those little eight legged creatures.

SUMMARY:

Suzuki Motor Of America, Inc. (Suzuki) is recalling certain model year 2010-2013 Kizashi vehicles manufactured October 2009 through July 2012. In the affected vehicles, spiders may weave a web in the evaporative canister vent hose, blocking it and causing the fuel tank to have an excessive amount of negative pressure.

CONSEQUENCE:

Negative pressure could cause the fuel tank to crack resulting in a fuel leak, increasing the risk of a fire.

REMEDY:

Suzuki is in the process of notifying owners, and dealers will replace the evaporative canister vent line on the affected vehicles with a vent line that has a filter on the end. If the canister vent line is found to be obstructed by a spider web, the fuel tank will also be replaced. These repairs will be performed free of charge. The recall began on August 12, 2014. Owners may contact Suzuki customer service at 1-800-934-0934. Suzuki's number for this recall is VG.

NOTES:

Owners may also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236 (TTY 1-800-424-9153), or go to www.safercar.gov.

GENEVA - Suzuki launches new city car, the CELERIO

Suzuki Motor Corporation is unveiling the new European-specification CELERIO. The New CELERIO has been developed as an “A+ compact” car - a new type of A-segment vehicle which exceeds its category’s standards.

The driver-friendly, compact size has not been compromised as regards best-in-class space and utility and offers a comprehensive package. The lightweight, rigid body is accompanied by class-leading low CO₂emissions delivered by the new powertrain.

The European-specification model includes a newly developed engine with a dual-injection system for low CO₂ emissions. Coupled with reduced body weight and improved aerodynamics, models with a combination of the K10C engine and the Engine Auto Stop Start system provide class-leading low CO₂ emissions of 85 g/km. The automated manual transmission version features the newly-developed Auto Gear Shift, which provides fuel economy equal to a manual transmission.

The CELERIO’s easy-to-drive, compact body size with a total length 3,600 mm succeeds in providing both an outstandingly roomy interior for an A-segment car and a best-in-class 254 litres of cargo capacity.

Ahead of the Geneva International Motor Show, an Indian specification CELERIO was presented at the Delhi Auto Expo in February 2014. The European-specification CELERIO is planned go on sale in Europe at the end of 2014.

Global Automobile Sales Results (January - December 2013)

New additions to the product range, such as the launch of the SX4 S-CROSS in Europe and the KARIMUN WAGON R in Indonesia, have made up for lower sales in some regions, producing global automobile sales of 2.69 million units for January to December 2013, similar to the corresponding period of the previous fiscal year.

Sales in our European market reached 197,000 units. Following the introduction of the SX4 S-CROSS in September, sales have been up 12% year-on-year, and a continued improvement in 2014 is expected as a result of the introduction of the SX4 S-CROSS.

In spite of tough market conditions, the success of the SX4 S-CROSS has meant that production at Magyar Suzuki, the core European factory in Hungary, reached 161,000 units. In the future, sales of Suzuki cars made in Europe will not be limited to Europe alone but will extend worldwide.

Financial results: 3rd quarter (April - December 2013)

The economic climate surrounding Suzuki in the third quarter of fiscal 2013 saw positive signals for a global economic recovery, such as a slight upward trend in Western countries and an end to the downward trend in Asian countries.

Under these circumstances, the Group's consolidated net sales reached ¥2,075.7 billion, an increase of 13.9% year-on-year. Operating income increased by 45.1% year-on-year and ordinary income rose by 37.6% year-on-year, while net income for the quarter was up by 70.3% year-on-year. As a result, operating income, ordinary income, net income for the quarter, and the profit ratio all posted the highest ever totals for a third quarter. Operating income for automobile business was ¥133.9 billion (35.4% increase). In fiscal 2014, the company will continue to engage in reforms in various segments and is planning to exceed the previous year in terms of sales and net income for the full financial year, with sales of ¥2,850 billion and a net income of ¥105 billion for the year as a whole.

Suzuki continues with great consumer offers for the rest of the year.

• VAT free campaign further extended until the end of 2013 on Swift, Splash and existing SX4 model.
• Swift 1.2 SZ2 three door on Driveplan PCP requires a deposit of just £159.

Suzuki has more good news for its new car buyers this Autumn with a further extension of its VAT free campaign until the end of the year on all Swift models (except Sport) and Splash. In addition, two models of the outgoing SX4 are included; the 1.6-litre SZ3 and 1.6-litre SZ5 model equipped with four wheel drive.

The highly popular Alto SZ model is now available at £6,499, representing a £700 customer saving on list price. Splash 1.0-litre SZ2 is available from £7,999, Swift 1.2 SZ2 three door at £8,999 and the outgoing SX4 1.6 SZ3 available for £10,495.

Suzuki is also continuing its flexible PCP (Personal Contract Purchase) offers until the end of the year. Alto SZ is available for a deposit of £919 followed by 41 monthly payments of just £109 with the option to pay a final balloon payment of £2,352 at the end of the agreement to keep the car.

Alto offers very low cost of ownership with no annual road tax to pay, thanks to emissions of 99g/km, combined fuel consumption of 65.7mpg and an insurance group rating of 4E.

Moving up the small car range to the Splash SZ2 1.0-litre, the latest PCP offer requires a low deposit of £925 followed by 42 monthly payments of £139 and an optional final payment of £2,856.

The good news also continues for Swift buyers; as an example, the SZ2 three door at £8,999 remains available for a deposit of only £159 followed by 42 monthly payments of £159 and an optional payment of £3,535. The five door SZ2 is also available for £159 per month but requires a slightly higher deposit of £639. The PCP offers include the latest model Swift 1.3 DDiS which has CO2 emissions of just 101g/km and offers 72.4mpg on the combined cycle.

At the top of the Swift range, the award winning 1.6-litre Sport three door continues to be included in the low rate Driveplan PCP offer requiring a deposit of £1,409 followed by 42 monthly payments of £239.