Financials Suzuki Motor Corporation

Equities

7269

JP3397200001

Auto & Truck Manufacturers

Market Closed - Japan Exchange Other stock markets 12:00:00 13/04/2026 pm IST			5-day change	1st Jan Change
1,817.00 ^JPY	-0.49%		-0.85%	-22.17%

11/04	Indian auto hub hikes minimum wage after protests over soaring costs due to Iran war	RE
10/04	Indian auto hub hikes minimum wage after protests over soaring costs due to Iran war	RE

Projected Income Statement: Suzuki Motor Corporation

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	31,78,209	35,68,380	46,41,644	53,74,255	58,25,161	61,98,148	65,89,709	69,76,409
Change	-	12.28%	30.08%	15.78%	8.39%	6.4%	6.32%	5.87%
EBITDA ¹	3,30,977	3,52,965	5,27,833	6,62,778	8,92,707	8,25,366	9,05,016	9,89,102
Change	-	6.64%	49.54%	25.57%	34.69%	-7.54%	9.65%	9.29%
EBIT ¹	1,94,432	1,91,460	3,50,551	4,65,563	6,42,851	5,86,627	6,52,121	7,19,047
Change	-	-1.53%	83.09%	32.81%	38.08%	-8.75%	11.16%	10.26%
Interest Paid ¹	-4,935	-5,954	-6,741	-10,057	-43,440	-25,000	-25,000	-26,000
Earnings before Tax (EBT) ¹	2,41,064	2,74,278	3,81,036	4,89,276	7,30,220	6,92,194	7,80,153	8,48,975
Change	-	13.78%	38.92%	28.41%	49.25%	-5.21%	12.71%	8.82%
Net income ¹	1,46,421	1,60,345	2,21,107	2,67,717	4,16,050	3,92,112	4,30,706	4,80,550
Change	-	9.51%	37.89%	21.08%	55.41%	-5.75%	9.84%	11.57%
Announcement Date	13/05/21	11/05/22	15/05/23	13/05/24	12/05/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2
Net sales ¹	9,05,285	10,02,677	8,45,350	8,28,236	9,00,744	9,94,050	10,63,358	11,54,146	11,95,325	12,28,815	12,08,896	13,55,504	12,83,082	15,26,773	14,57,649	13,97,351	14,28,717	15,41,444	13,97,770	14,66,457	16,52,414	16,91,426	15,48,938	16,26,144	16,35,225	17,17,691	17,31,315	18,21,252
Change	-	10.76%	-15.69%	-2.02%	8.75%	10.36%	6.97%	8.54%	3.57%	2.8%	-1.62%	12.13%	-5.34%	18.99%	-4.53%	-4.14%	2.24%	7.89%	-9.32%	4.91%	12.68%	2.36%	-8.42%	4.98%	0.56%	5.04%	0.79%	5.19%
EBITDA ¹	99,957	95,418	88,789	76,200	87,606	1,00,370	1,12,798	1,29,659	1,50,966	1,34,410	1,42,164	1,79,805	1,66,830	1,73,979	2,19,484	2,36,896	2,07,045	2,29,282	2,06,276	2,07,877	2,23,595	2,11,897	2,08,305	2,05,949	1,95,183	2,21,118	2,25,285	2,25,179
Change	-	-4.54%	-6.95%	-14.18%	14.97%	14.57%	12.38%	14.95%	16.43%	-10.97%	5.77%	26.48%	-7.22%	4.29%	26.16%	7.93%	-12.6%	10.74%	-10.03%	0.78%	7.56%	-5.23%	-1.7%	-1.13%	-5.23%	13.29%	1.88%	-0.05%
EBIT ¹	63,876	55,655	54,467	44,645	47,547	44,801	74,512	89,829	1,02,637	83,573	99,802	1,29,659	1,17,187	1,18,915	1,57,557	1,77,392	1,44,771	1,63,131	1,42,136	1,40,083	1,52,624	1,61,644	1,69,297	1,68,526	1,70,835	1,39,243	1,97,731	1,92,565
Change	-	-12.87%	-2.13%	-18.03%	6.5%	-5.78%	66.32%	20.56%	14.26%	-18.57%	19.42%	29.92%	-9.62%	1.47%	32.5%	12.59%	-18.39%	12.68%	-12.87%	-1.44%	8.95%	5.91%	4.73%	-0.46%	1.37%	-18.49%	42%	-2.61%
Charge d'intérêts	-1,075	-	-773	-	-1,250	-	-1,152	-	-2,132	-2,520	-1,585	-	-2,000	-	-3,695	-	-3,126	-	-5,554	-	-2,321	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	89,678	71,236	1,28,839	28,055	55,818	61,566	89,901	1,02,614	1,06,637	81,884	1,08,351	1,32,618	1,20,210	1,28,097	1,89,529	1,86,930	1,71,554	1,82,207	1,75,727	1,56,468	1,88,664	1,75,444	2,23,406	1,99,495	2,01,955	1,63,113	3,17,298	2,63,698
Change	-	-20.56%	80.86%	-78.22%	98.96%	10.3%	46.02%	14.14%	3.92%	-23.21%	32.32%	22.4%	-9.36%	6.56%	47.96%	-1.37%	-8.23%	6.21%	-3.56%	-10.96%	20.58%	-7.01%	27.34%	-10.7%	1.23%	-19.23%	94.53%	-16.89%
Net income ¹	58,923	33,172	84,752	15,774	35,260	24,559	58,283	56,824	68,292	37,708	67,058	62,290	68,760	69,609	1,14,233	1,03,218	94,252	1,04,347	1,02,025	90,763	1,13,607	88,219	1,03,564	95,574	1,01,511	86,597	1,06,895	1,02,867
Change	-	-43.7%	155.49%	-81.39%	123.53%	-30.35%	137.32%	-2.5%	20.18%	-44.78%	77.83%	-7.11%	10.39%	1.23%	64.11%	-9.64%	-8.69%	10.71%	-2.23%	-11.04%	25.17%	-22.35%	17.39%	-7.72%	6.21%	-14.69%	23.44%	-3.77%
Announcement Date	05/02/21	13/05/21	05/08/21	11/11/21	04/02/22	11/05/22	05/08/22	08/11/22	07/02/23	15/05/23	04/08/23	07/11/23	07/02/24	13/05/24	06/08/24	08/11/24	06/02/25	12/05/25	05/08/25	06/11/25	05/02/26	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2	2027 S1	2027 S2	2028 S1
Net sales ¹	16,73,586	18,94,794	22,17,504	24,24,140	25,64,400	28,09,855	28,55,000	29,70,161	28,64,227	33,51,899	33,72,686	35,94,800	35,16,007
Change	-	13.22%	17.03%	9.32%	5.79%	9.57%	1.61%	4.03%	-3.57%	17.03%	0.62%	6.59%	-2.19%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	99,112	92,348	1,64,341	1,86,210	2,29,461	2,36,102	3,34,949	3,12,648	2,76,479	3,29,736	4,47,106	3,26,388	4,60,129
Change	-	-6.82%	77.96%	13.31%	23.23%	2.89%	41.87%	-6.66%	-11.57%	19.26%	35.59%	-27%	40.98%
Charge d'intérêts	-1,934	-	-2,089	-	-3,352	-	-24,667	-	-8,683	-	-	-	-
Earnings before Tax (EBT) ¹	1,56,894	1,17,384	1,92,515	1,88,521	2,40,969	2,48,307	3,76,459	3,53,761	3,32,195	3,84,788	5,57,603	4,04,773	5,80,996
Change	-	-25.18%	64%	-2.07%	27.82%	3.05%	51.61%	-6.03%	-6.1%	15.83%	44.91%	-27.41%	43.54%
Net income ¹	1,00,526	59,819	1,15,107	1,06,000	1,29,348	1,38,369	2,17,451	-	1,92,788	2,07,000	-	-	-
Change	-	-40.49%	92.43%	-7.91%	22.03%	6.97%	57.15%	-	-	7.37%	-	-	-
Announcement Date	11/11/21	11/05/22	08/11/22	15/05/23	07/11/23	13/05/24	08/11/24	12/05/25	06/11/25	-	-	-	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Suzuki Motor Corporation

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-4,55,275	-4,12,471	-2,40,013	-2,68,250	-1,17,411	-3,32,275	-5,33,296	-7,85,446
Change	-	9.4%	41.81%	-11.76%	56.23%	-183%	-60.5%	-47.28%
Announcement Date	13/05/21	11/05/22	15/05/23	13/05/24	12/05/25	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Suzuki Motor Corporation

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	1,70,947	1,89,389	2,69,863	3,21,536	4,19,699	3,80,042	3,84,183	3,86,223
Change	-	10.79%	42.49%	19.15%	30.53%	-9.45%	1.09%	0.53%
Free Cash Flow (FCF) ¹	1,82,454	67,744	-16,048	12,190	2,50,085	2,83,339	2,96,881	3,72,711
Change	-	-62.87%	-123.69%	175.96%	1,951.56%	13.3%	4.78%	25.54%
Announcement Date	13/05/21	11/05/22	15/05/23	13/05/24	12/05/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Suzuki Motor Corporation

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	10.41%	9.89%	11.37%	12.33%	15.33%	13.32%	13.73%	14.18%
EBIT Margin (%)	6.12%	5.37%	7.55%	8.66%	11.04%	9.46%	9.9%	10.31%
EBT Margin (%)	7.58%	7.69%	8.21%	9.1%	12.54%	11.17%	11.84%	12.17%
Net margin (%)	4.61%	4.49%	4.76%	4.98%	7.14%	6.33%	6.54%	6.89%
FCF margin (%)	5.74%	1.9%	-0.35%	0.23%	4.29%	4.57%	4.51%	5.34%
FCF / Net Income (%)	124.61%	42.25%	-7.26%	4.55%	60.11%	72.26%	68.93%	77.56%
Profitability
ROA	6.73%	6.42%	8.77%	9.81%	12.83%	8.42%	9.07%	9.27%
ROE	9.2%	9%	11.2%	11.7%	14.6%	12.4%	12.44%	12.61%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	5.38%	5.31%	5.81%	5.98%	7.2%	6.13%	5.83%	5.54%
CAPEX / EBITDA (%)	51.65%	53.66%	51.13%	48.51%	47.01%	46.05%	42.45%	39.05%
CAPEX / FCF (%)	93.69%	279.57%	-1,681.6%	2,637.7%	167.82%	134.13%	129.41%	103.63%
Items per share
Cash flow per share ¹	145.7	165.7	205	240.3	345.2	330.8	366.2	414.8
Change	-	13.7%	23.75%	17.22%	43.61%	-4.17%	10.71%	13.26%
Dividend per Share ¹	22.5	22.75	25	30.5	41	47	53.68	60.73
Change	-	1.11%	9.89%	22%	34.43%	14.63%	14.21%	13.14%
Book Value Per Share ¹	868.8	966.9	1,069	1,291	1,540	1,702	1,884	2,072
Change	-	11.29%	10.54%	20.81%	19.25%	10.54%	10.72%	9.95%
EPS ¹	75.41	82.55	113.8	138.4	215.7	203.2	223.6	249.9
Change	-	9.46%	37.86%	21.61%	55.82%	-5.76%	10.01%	11.79%
Nbr of stocks (in thousands)	19,42,232	19,42,491	19,42,831	19,29,155	19,29,276	19,29,274	19,29,274	19,29,274
Announcement Date	13/05/21	11/05/22	15/05/23	13/05/24	12/05/25	-	-	-