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Suzuki unveils financial results for the first half of the 2021 financial year



Suzuki unveils financial results for the first half of the 2021 financial year

Suzuki has officially announced the financial results for the first half of the 2021 financial year which runs from April to September this year. For the Japanese company, there was an increase in net turnover and profit in the period April-September but with a decrease in the period July-September. This contraction is linked to the reduction in production due to the shortage of components and in particular semiconductors. Suzuki also announced a downward revision of forecasts for sales volume results and net revenue. The forecast of the operating result remains unchanged.

Suzuki’s results

In relation to the period April – September, the company announced that:

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Regarding the period July – September 2021on the other hand, there was a decrease of 16.7 billion yen (128.4 million euros) (2.0%) in turnover, which stood at 828.2 billion yen (6.3 billion euros). This reduction is linked to the contraction in production due to the shortage of components that has hit the automotive market in recent months. The operating result also fell by 29.0 billion yen (223.0 million euros) (39.3%), reaching 44.6 billion yen (434.7 million euros).

The forecasts for the year 2021-22

In relation to the entire financial year 2021-2022 that will end next March, Suzuki expects: