Suzuki reported its second consecutive profitable quarter from its motorcycle division, following 11 consecutive quarters in the red. For the quarter ended Sept. 30, 2011, Suzuki raked in 62.3 billion yen (US$808.5 million) from motorcycle sales, compared to the 61.4 billion yen (US$796.8 billion) reported in the same period last year. Operating income for the […]
Suzuki Reports Q3 2011-2012 Results
Suzuki motorcycle business back to operating at a loss despite being making it profit over the first six months. In November, Suzuki reported its second consecutive profitable quarter from its motorcycle segment, with a net profit of 300 million yen over the six months ended Sept. 30, 2011.
Flooding in Thailand and a surging Japanese yen has erased those gains, bringing Suzuki’s motorcycle business back in the red, operating at a loss of 2.8 billion yen (US$36.6 million) over the nine months ended Dec. 31, 2011.
The loss comes despite a 1.3% increase in sales revenue. Over the first three quarters of its 2011-2012 fiscal year, Suzuki reported 188.8 billion yen (US$2.47 million) in sales from its motorcycle division, an increase from 186.3 billion yen (US$2.43 million) reported over the corresponding period the year before.
Suzuki sold 1.975 million units over the first three quarters of its fiscal year, a 3.8% decrease from the 2.054 million units sold over the same period in the year prior. Suzuki sold 31,000 units in North America over the three quarters, down from 35,000 units the previous year.
There is some positive news however. The third quarter saw worldwide sales of 673,000 units, compared to 617,000 units sold in the same quarter in the previous year. The increase was spearheaded by increased sales in Asia, Central America and South America.