Financials Suzuki Motor Corporation

Stocks

7269

JP3397200001

Auto & Truck Manufacturers

Delayed Japan Exchange Other stock markets 06:38:25 18/06/2026 BST			5-day change	1st Jan Change
1,950.00 ^JPY	0.00%		+9.18%	-16.45%

03:29am	Japan's Takaichi Heads to India's Assam With 50-Plus Firms in Tow	MT
06-16	US-Iran deal may not bring quick relief for auto shops	RE

Projected Income Statement: Suzuki Motor Corporation

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	3,178,209	3,568,380	4,641,644	5,374,255	5,825,161	6,292,967	6,687,432	7,128,528
Change	-	12.28%	30.08%	15.78%	8.39%	8.03%	6.27%	6.6%
EBITDA ¹	330,977	352,965	527,833	662,778	892,707	900,690	878,590	962,869
Change	-	6.64%	49.54%	25.57%	34.69%	0.89%	-2.45%	9.59%
EBIT ¹	194,432	191,460	350,551	465,563	642,851	622,909	624,716	674,594
Change	-	-1.53%	83.09%	32.81%	38.08%	-3.1%	0.29%	7.98%
Interest Paid ¹	-4,935	-5,954	-6,741	-10,057	-43,440	-29,288	-30,000	-30,500
Earnings before Tax (EBT) ¹	241,064	274,278	381,036	489,276	730,220	730,744	727,289	793,648
Change	-	13.78%	38.92%	28.41%	49.25%	0.07%	-0.47%	9.12%
Net income ¹	146,421	160,345	221,107	267,717	416,050	439,267	423,778	464,681
Change	-	9.51%	37.89%	21.08%	55.41%	5.58%	-3.53%	9.65%
Announcement Date	13/05/21	11/05/22	15/05/23	13/05/24	12/05/25	14/05/26	-	-

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	905,285	1,002,677	845,350	828,236	900,744	994,050	1,063,358	1,154,146	1,195,325	1,228,815	1,208,896	1,355,504	1,283,082	1,526,773	1,457,649	1,397,351	1,428,717	1,541,444	1,397,770	1,466,457	1,652,414	1,693,683	1,559,913	1,601,903	1,615,218	1,876,593	1,710,008	1,787,051
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%	2.5%	-7.9%	2.69%	0.83%	16.18%	-8.88%	4.51%
EBITDA ¹	99,957	95,418	88,789	76,200	87,606	100,370	112,798	129,659	150,966	134,410	142,164	179,805	166,830	173,979	219,484	236,896	207,045	229,282	206,276	207,877	223,595	204,294	182,410	185,898	176,767	214,835	225,285	225,179
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%	-8.63%	-10.71%	1.91%	-4.91%	21.54%	4.86%	-0.05%
EBIT ¹	63,876	55,655	54,467	44,645	47,547	44,801	74,512	89,829	102,637	83,573	99,802	129,659	117,187	118,915	157,557	177,392	144,771	163,131	142,136	140,083	152,624	163,218	155,127	147,490	146,397	138,488	177,516	178,058
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%	6.94%	-4.96%	-4.92%	-0.74%	-5.4%	28.18%	0.31%
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	128,839	28,055	55,818	61,566	89,901	102,614	106,637	81,884	108,351	132,618	120,210	128,097	189,529	186,930	171,554	182,207	175,727	156,468	188,664	177,951	207,125	179,796	166,564	150,291	235,433	215,766
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%	-5.68%	16.39%	-13.19%	-7.36%	-9.77%	56.65%	-8.35%
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	114,233	103,218	94,252	104,347	102,025	90,763	113,607	89,777	97,972	86,019	97,036	105,372	104,565	106,022
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%	-20.98%	9.13%	-12.2%	12.81%	8.59%	-0.77%	1.39%
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	1,673,586	1,894,794	2,217,504	2,424,140	2,564,400	2,809,855	2,855,000	2,970,161	2,864,227	3,428,740	3,372,686	3,594,800	3,516,007
Change	-	13.22%	17.03%	9.32%	5.79%	9.57%	1.61%	4.03%	-3.57%	19.71%	-1.63%	6.59%	-2.19%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	99,112	92,348	164,341	186,210	229,461	236,102	334,949	312,648	276,479	346,430	447,106	326,388	460,129
Change	-	-6.82%	77.96%	13.31%	23.23%	2.89%	41.87%	-6.66%	-11.57%	25.3%	29.06%	-27%	40.98%
Charge d'intérêts	-1,934	-	-2,089	-	-3,352	-	-24,667	-	-8,683	-	-	-	-
Earnings before Tax (EBT) ¹	156,894	117,384	192,515	188,521	240,969	248,307	376,459	353,761	332,195	398,549	557,603	404,773	580,996
Change	-	-25.18%	64%	-2.07%	27.82%	3.05%	51.61%	-6.03%	-6.1%	19.97%	39.91%	-27.41%	43.54%
Net income ¹	100,526	59,819	115,107	106,000	129,348	138,369	217,451	-	192,788	246,479	-	-	-
Change	-	-40.49%	92.43%	-7.91%	22.03%	6.97%	57.15%	-	-	27.85%	-	-	-
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	14/05/26	-	-	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Suzuki Motor Corporation

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-455,275	-412,471	-240,013	-268,250	-117,411	-638,987	-449,348	-683,769
Change	-	9.4%	41.81%	-11.76%	56.23%	-444.23%	-35.46%	-52.17%
Announcement Date	13/05/21	11/05/22	15/05/23	13/05/24	12/05/25	14/05/26	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Suzuki Motor Corporation

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	170,947	189,389	269,863	321,536	419,699	397,136	387,049	373,338
Change	-	10.79%	42.49%	19.15%	30.53%	-5.38%	1.86%	-3.54%
Free Cash Flow (FCF) ¹	182,454	67,744	-16,048	12,190	250,085	320,399	239,674	321,602
Change	-	-62.87%	-123.69%	175.96%	1,951.56%	28.12%	-15.11%	34.18%
Announcement Date	13/05/21	11/05/22	15/05/23	13/05/24	12/05/25	14/05/26	-	-

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%	14.31%	13.14%	13.51%
EBIT Margin (%)	6.12%	5.37%	7.55%	8.66%	11.04%	9.9%	9.34%	9.46%
EBT Margin (%)	7.58%	7.69%	8.21%	9.1%	12.54%	11.61%	10.88%	11.13%
Net margin (%)	4.61%	4.49%	4.76%	4.98%	7.14%	6.98%	6.34%	6.52%
FCF margin (%)	5.74%	1.9%	-0.35%	0.23%	4.29%	5.09%	3.58%	4.51%
FCF / Net Income (%)	124.61%	42.25%	-7.26%	4.55%	60.11%	72.94%	56.56%	69.21%
Profitability
ROA	6.73%	6.42%	8.77%	9.81%	12.83%	11.57%	8.46%	8.6%
ROE	9.2%	9%	11.2%	11.7%	14.6%	13.8%	11.63%	11.7%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	5.38%	5.31%	5.81%	5.98%	7.2%	6.31%	5.79%	5.24%
CAPEX / EBITDA (%)	51.65%	53.66%	51.13%	48.51%	47.01%	44.09%	44.05%	38.77%
CAPEX / FCF (%)	93.69%	279.57%	-1,681.6%	2,637.7%	167.82%	123.95%	161.49%	116.09%
Items per share
Cash flow per share ¹	145.7	165.7	205	240.3	345.2	371.7	353.4	395.2
Change	-	13.7%	23.75%	17.22%	43.61%	7.68%	6.47%	11.82%
Dividend per Share ¹	22.5	22.75	25	30.5	41	46	52.62	58.86
Change	-	1.11%	9.89%	22%	34.43%	12.2%	10.94%	11.85%
Book Value Per Share ¹	868.8	966.9	1,069	1,291	1,540	1,753	1,899	2,068
Change	-	11.29%	10.54%	20.81%	19.25%	13.85%	11.49%	8.9%
EPS ¹	75.41	82.55	113.8	138.4	215.7	227.7	219.9	235.4
Change	-	9.46%	37.86%	21.61%	55.82%	5.58%	7.39%	7.07%
Nbr of stocks (in thousands)	1,942,232	1,942,491	1,942,831	1,929,155	1,929,276	1,929,274	1,929,274	1,929,274
Announcement Date	13/05/21	11/05/22	15/05/23	13/05/24	12/05/25	14/05/26	-	-