Financials Suzuki Motor Corporation

Equities

7269

JP3397200001

Auto & Truck Manufacturers

Delayed Japan Exchange Other stock markets 06:14:01 09/07/2025 am IST			5-day change	1st Jan Change
1,671.00 ^JPY	+0.94%		-0.06%	-6.59%

04/07	SkyDrive Inc. announced that it has received ¥8.3 billion in funding from a group of investors	CI
26/06	India mulls easing fuel efficiency norms for small cars sought by Suzuki, sources say	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	59,41,485	62,27,461	64,74,744
Change	-	12.28%	30.08%	15.78%	8.39%	2%	4.81%	3.97%
EBITDA ¹	3,30,977	3,52,965	5,27,833	6,62,778	8,92,707	8,21,998	8,84,267	9,25,492
Change	-	6.64%	49.54%	25.57%	34.69%	-7.92%	7.58%	4.66%
EBIT ¹	1,94,432	1,91,460	3,50,551	4,65,563	6,42,851	5,70,577	6,15,585	6,44,805
Change	-	-1.53%	83.09%	32.81%	38.08%	-11.24%	7.89%	4.75%
Interest Paid	-4,935	-5,954	-6,741	-10,057	-43,440	-	-	-
Earnings before Tax (EBT) ¹	2,41,064	2,74,278	3,81,036	4,89,276	7,30,220	6,72,520	7,16,230	7,45,683
Change	-	13.78%	38.92%	28.41%	49.25%	-7.9%	6.5%	4.11%
Net income ¹	1,46,421	1,60,345	2,21,107	2,67,717	4,16,050	3,55,928	3,79,632	4,15,233
Change	-	9.51%	37.89%	21.08%	55.41%	-14.45%	6.66%	9.38%
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 Q1	2021 Q2	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
Net sales ¹	4,25,262	8,44,985	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	14,22,881	14,40,135	14,61,424	15,88,136	14,39,333	14,82,839	14,93,882	16,57,613
Change	-	98.7%	7.14%	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%	-7.69%	1.21%	1.48%	8.67%	-9.37%	3.02%	0.74%	10.96%
EBITDA ¹	31,561	1,04,041	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	1,79,124	1,96,478	1,78,521	1,97,086	1,93,085	2,19,942	2,01,123	2,15,301
Change	-	229.65%	-3.93%	-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%	-21.88%	9.69%	-9.14%	10.4%	-2.03%	13.91%	-8.56%	7.05%
EBIT ¹	1,298	73,603	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	1,36,191	1,65,507	1,27,545	1,45,249	1,62,141	1,83,437	1,39,957	1,41,012
Change	-	5,570.49%	-13.22%	-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%	-16.51%	21.53%	-22.94%	13.88%	11.63%	13.13%	-23.7%	0.75%
Charge d'intérêts	-1,303	-	-1,075	-	-773	-	-1,250	-	-1,152	-	-2,132	-2,520	-1,585	-	-2,000	-	-3,695	-	-3,126	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-865	81,015	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	1,77,461	1,89,229	1,60,180	1,53,853	2,20,285	2,20,894	1,72,320	1,59,412
Change	-	9,465.9%	10.69%	-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%	-2.6%	6.63%	-15.35%	-3.95%	43.18%	0.28%	-21.99%	-7.49%
Net income ¹	1,764	52,562	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	79,536	94,084	85,551	78,753	87,954	1,04,906	93,263	86,241
Change	-	2,879.71%	12.1%	-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%	-23.78%	18.29%	-9.07%	-7.95%	11.68%	19.27%	-11.1%	-7.53%
Announcement Date	03/08/20	05/11/20	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	-	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2	2027 S1	2027 S2
Net sales ¹	19,07,962	16,73,586	18,94,794	22,17,504	24,24,140	25,64,400	28,09,855	28,55,000	29,70,161	28,00,329	30,31,789	27,03,520	29,71,497
Change	-	-12.28%	13.22%	17.03%	9.32%	5.79%	9.57%	1.61%	4.03%	-5.72%	8.27%	-10.83%	9.91%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	1,19,531	99,112	92,348	1,64,341	1,86,210	2,29,461	2,36,102	3,34,949	3,12,648	3,62,721	2,83,799	4,26,284	2,75,206
Change	-	-17.08%	-6.82%	77.96%	13.31%	23.23%	2.89%	41.87%	-6.66%	16.02%	-21.76%	50.21%	-35.44%
Charge d'intérêts	-	-1,934	-	-2,089	-	-3,352	-	-24,667	-	-	-	-	-
Earnings before Tax (EBT) ¹	1,60,914	1,56,894	1,17,384	1,92,515	1,88,521	2,40,969	2,48,307	3,76,459	3,53,761	4,26,430	3,39,615	5,22,857	3,47,264
Change	-	-2.5%	-25.18%	64%	-2.07%	27.82%	3.05%	51.61%	-6.03%	20.54%	-20.36%	53.96%	-33.58%
Net income ¹	92,095	1,00,526	59,819	1,15,107	1,06,000	1,29,348	1,38,369	2,17,451	-	1,95,000	1,80,000	-	-
Change	-	9.15%	-40.49%	92.43%	-7.91%	22.03%	6.97%	57.15%	-	-	-7.69%	-	-
Announcement Date	13/05/21	11/11/21	11/05/22	08/11/22	15/05/23	07/11/23	13/05/24	08/11/24	12/05/25	-	-	-	-

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	-7,08,611	-9,80,943	-12,61,510
Change	-	9.4%	41.81%	-11.76%	56.23%	-503.53%	-38.43%	-28.6%
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	3,90,600	3,76,475	3,83,543
Change	-	10.79%	42.49%	19.15%	30.53%	-6.93%	-3.62%	1.88%
Free Cash Flow (FCF) ¹	1,82,454	67,744	-16,048	12,190	2,50,085	1,97,176	2,09,310	2,64,943
Change	-	-62.87%	-123.69%	175.96%	1,951.56%	-21.16%	6.15%	26.58%
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%	13.83%	14.2%	14.29%
EBIT Margin (%)	6.12%	5.37%	7.55%	8.66%	11.04%	9.6%	9.89%	9.96%
EBT Margin (%)	7.58%	7.69%	8.21%	9.1%	12.54%	11.32%	11.5%	11.52%
Net margin (%)	4.61%	4.49%	4.76%	4.98%	7.14%	5.99%	6.1%	6.41%
FCF margin (%)	5.74%	1.9%	-0.35%	0.23%	4.29%	3.32%	3.36%	4.09%
FCF / Net Income (%)	124.61%	42.25%	-7.26%	4.55%	60.11%	55.4%	55.14%	63.81%
Profitability
ROA	6.73%	6.42%	8.77%	9.81%	12.83%	9.06%	9.14%	8.96%
ROE	9.2%	9%	11.2%	11.7%	14.6%	11.39%	11.36%	11.1%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	5.38%	5.31%	5.81%	5.98%	7.2%	6.57%	6.05%	5.92%
CAPEX / EBITDA (%)	51.65%	53.66%	51.13%	48.51%	47.01%	47.52%	42.57%	41.44%
CAPEX / FCF (%)	93.69%	279.57%	-1,681.6%	2,637.7%	167.82%	198.1%	179.86%	144.76%
Items per share
Cash flow per share ¹	145.7	165.7	205	240.3	345.2	401.8	375.9	386.5
Change	-	13.7%	23.75%	17.22%	43.61%	16.41%	-6.46%	2.84%
Dividend per Share ¹	22.5	22.75	25	30.5	41	49.35	54.79	58.87
Change	-	1.11%	9.89%	22%	34.43%	20.36%	11.04%	7.44%
Book Value Per Share ¹	868.8	966.9	1,069	1,291	1,540	1,681	1,831	1,985
Change	-	11.29%	10.54%	20.81%	19.25%	9.19%	8.89%	8.44%
EPS ¹	75.41	82.55	113.8	138.4	215.7	184.5	197	215.9
Change	-	9.46%	37.86%	21.61%	55.82%	-14.47%	6.81%	9.58%
Nbr of stocks (in thousands)	19,42,232	19,42,491	19,42,831	19,29,155	19,29,276	19,29,637	19,29,637	19,29,637
Announcement Date	13/05/21	11/05/22	15/05/23	13/05/24	12/05/25	-	-	-