Chairman Osamu Suzuki, who is scheduled to retire in June and held his last press conference:
"I'm sorry, everyone in the media, because it's the last time," and said that he would like to see "art protected" for mini vehicles, which he once pointed out as "art."
Suzuki announced its consolidated financial results for the fiscal year ending March 31, 2021 at an online press conference.
- Ailing the mainstay Indian market was hit by the coronal disaster at the beginning of the fiscal year, it has since rebounded, securing its first profit in three years, with net income up 9.1% year-on-year to 146.4 billion yen
-The company foreclosed on its forecast for the fiscal year ending March 31, 2022, partly due to the spread of infection in India, as "there are many uncertainties in earnings forecasts at this time".
-Global sales of four-wheeled vehicles decreased 10% to 2,571,000 units in the previous fiscal year. India, the main market with the largest share, recovered from the second quarter, with Suzuki sales also recovering from an 8% decline to 1,323,000 units. Japan fell 4% to 647,000 units
- At the operating profit/loss phase, the decrease in profit due to the decrease in sales was 108.5 billion yen.
- Operating income fell 9.6% to 194.4 billion yen, the third consecutive year of profit declines. The loss of 15.4 billion yen (equivalent to fixed costs) due to the shutdown of the plant due to corona disaster has been transferred from operating income to extraordinary losses. Sales fell 8.9% to 3,178.2 billion yen for the second year in a while.
- Regarding the situation in India, where the spread of infection is worsening, "28 of the 36 states are locked down, and 80% of dealers are closed. We cannot say how we will recover in the future." However, the three plants, which have been suspended to supply oxygen to medical care, have announced that they are preparing to resume operations from May 17.
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