Suzuki: boosts production capacity in India to 1.7 million units a year in 2013
In China, increasing annual capacity to 500,000 in 2015 while building a new engine plant in Indones
In India, which is the largest market for Suzuki, sales volume in the first half of 2011 declined by 10.6% year-on-year to 534,000 due to a strike at its vehicle plant and shrunk demand caused by the monetary tightening. For the full year of FY2011, the company estimates a sales volume of about 1 million at worst or about the level of the previous year (1.2 million) at best.
In Japan, Suzuki lost sales by 50,000 in the first half of FY2011 due partly to decreased sales of mini vehicles caused by the Great East Japan Earthquake. The company expects that the FY2011 full-year sales volume in Japan would fall slightly below that of the previous year to 586,000.
On the other hand, in China and ASEAN countries, the company has been expanding sales, planning to enhance production. In China, it will build a new plant, boosting production capacity to 500,000 a year in 2015. In Indonesia, it will construct a new engine plant with production capacity of 100,000 a year.
Also in India, the company expects demand and exports to increase in the medium and long run, planning to add second and third plants to the Manesar plant to boost production capacity by 500,000 to 1.7 million a year in 2013. In addition, it says that it would increase sales of high-priced vehicles including the Swift in India in the future to boost unit-sales price.
In the first half of FY2011, Suzuki decreased global sales by 4.0% to 1.2 million; it registered decreased sales and operating profit in the first half for the first time in two years. For the FY2011 full year, the company revised its initial sales forecast downward by 100,000 to 2.71 million. For its earnings forecast, the company left unchanged its initial profit forecast because the influence of the flooding in Thailand is unclear (revenues are estimated to be 2 trillion 610 billion yen, which is about the same as the previous year. Operating profit is estimated to be up by 2.9% to 110 billion yen).
Concerning its capital and business alliance with VW, Suzuki asks VW for termination of the contract and selling of Suzuki shares, while VW says that it would continue to hold the shares; both are currently in conflict. In November 2011, Suzuki filed for international arbitration.
India: Suzuki's sales decreased by 11% to 530,000 in the first half of FY2011 due to labor disputes and shrinking demand
New car sales by Maruti Suzuki, Suzuki's consolidated subsidiary in India, decreased by 10.6% to 534,000 in the April-September period of 2011. The company introduced the Kizashi high-end sedan in February 2011 and the New Swift compact hatchback in August, but its sales decreased due to a halt of production activities at the Manesar plant caused by a labor dispute and to shrinking demand in India caused by the monetary tightening and higher gasoline prices.
In particular, difficulty in getting a loan due to monetary tightening had a great influence; Sales of compact cars for low-income earners such as Maruti800-class vehicles in which Suzuki has an advantage, declined significantly. Suzuki intends to boost unit sales price by increasing sales of high-priced vehicles including the Swift in the future as it does not stick to sales volume and marketshare. The company expects (announced in November 2011) sales in the FY2011 full year to be about 1 million at worst or about the same as that of the previous year (1.2 million) at best (sales volume declined by 17.8% to 681,200 during the eight months until November).
Maruti Suzuki's business results
|(units, 1 million Rupee)|
|FY2005||FY2006||FY2007||FY2008||FY2009||FY2010||Apr.-Sep. 2010||Apr.-Sep. 2011|
|Sales volume India export||561,822 527,038 34,784||674,924 635,629 39,295||764,842 711,818 53,024||792,167 722,144 70,023||1,018,365 870,790 147,575||1,271,005 1,132,739 138,266||596,978 520,823 76,155||533,833 473,089 60,744|
|Net sales Net profit Net profit ratio||120,034 11,891 9.9%||145,922 15,620 10.7%||178,603 17,308 9.7%||203,583 12,187 6.0%||289,585 24,976 8.6%||361,282 22,886 6.3%||169,878 10,636 6.3%||158,574 7,897 5.0%|
|Indian passenger market||1,143,076||1,379,979||1,549,882||1,552,703||1,949,776||2,520,421||1,177,047||1,196,539|
|Maruti's market share||46.1%||46.1%||45.9%||46.5%||44.7%||44.9%||44.2%||39.5%|
|Source: Maruti Suzuki Quarterly Report Q4 FY2009, Q2 FY2010|
|(Note) 1.||In mid-December 2011, 1 INR (Indian Rupee) is about USD0.02.|
|2.||"Indian passenger market" is based on the data from SIAM (Society of Indian Automobile Manufacturers) on domestic sales of passenger vehicles in India until FY2010 and on the total of sales of passenger cars/UVs/MPVs announced by each OEM in April-September 2010/April-September 2011. "Maruti's marketshare" is Maruti's sales in India divided by "Market volume of India."|
Maruti Suzuki: halted production at its Manesar plant due to labor dispute and lost sales of 45,000 units
|A labor dispute occurred at Maruti Suzuki's Manesar plant between workers that would like to establish an independent labor union at the plant and the management that does not approve it. In August 2011, due to neglect of duty by some of the workers, the management declared a lockout; since then, the negotiation between the management and the workers got entangled, and the strikes continued on and off until October 25, but were discontinued at the end of October. Among suppliers, strikes broke out and the scale of production shrank at the Gurgaon plant, which was in operation. In the April-September period of 2011, Maruti Suzuki produced 585,000, down by 18% year-on-year.|
|In the April-October period of 2011, Maruti Suzuki decreased sales by about 120,000 year-on-year. Suzuki says that it lost about 45,000 due to labor dispute at the Manesar plant and by 75,000 due to the influence of the business condition in India.|
Source: Nikkei Sangyo Newspaper 2011.11.2, Nikkan Jidosha Newspaper 2011.11.8, Maruti Suzuki Press Release 2011.10.29
Maruti Suzuki's sales by segment
|Segment||Model||Apr.-Nov. 2010||Apr.-Nov. 2011|
|A: Mini||Overall length: 3600mm or less, displacement: 1.0L or less||Muruti800, A-Star, Alto, Wagon-R||361,887||298,830|
|A: Compact||Overall length: over 3600, 4000mm or less, displacement: 1.4L or less||Swift, Estilo, Ritz||176,328||133,533|
|A: Super Compact||Overall length: over 4000, 4250mm or less, displacement: 1.6L or less||Dzire||69,815||60,787|
|A: Mid-Size||Overall length: over 4250, 4500mm or less, displacement: 1.6L or less||SX4||13,241||11,662|
|A: Executive||Overall length: over 4500, 4700mm or less, displacement: 2L or less||Kizashi||-||336|
|Total A: Passenger Cars||621,271||505,148|
|B: Utility Vehicles||2x4 or 4x4, frame structure, 2 box, 5-10 seat||Gypsy, Grand Vitara||4,428||4,296|
|C: Vans||1 or 1.5 box, 5-10 seat||Omni, Eeco||105,182||97,973|
|Sales volume in Japan||730,881||607,417|
|Grand total sales volume||828,440||681,200|
|Source: Maruti Suzuki Press Release 2011.10.1|
|(Note) 1.||Sales volume by segment based on the new segment classification for passenger cars, which SIAM adopted in July 2011. Passenger Vehicles include Passenger Cars, Utility Vehicles, and Vans.|
|2.||The Kizashi is a high-end sports sedan launched in February 2011. The New Swift was launched in August 2011.|
|3.||Due to higher gasoline prices, the demand for diesel vehicles has been increasing in India since the middle of 2011. Suzuki makes available diesel models of the Swift, the Dzire, the Ritz, and the SX4.|
Suzuki's new models (to be) launched in India (2011-2012)
|Kizashi||Feb. 2011||The Kizashi is the highest-end sedan among Suzuki's vehicles. It comes with a 2.4L gasoline engine. It is a model for wealthy individuals; the selling price is 1.65 million rupees for an MT model and 1.75 million rupees for a CVT model. The models with which it competes include the VW Jetta, Honda Accord, and Skoda Laura. The company export finished vehicles from the Sagara plant in Japan.|
|New Swift||Aug. 2011||The New Swift is a compact hatchback that was launched in Japan and Europe in August 2010. The model comes with a new 1.2L gasoline engine or a 1.3L diesel engine (which Suzuki produces under licensing by Fiat). Taking into consideration road conditions in India, it adopts special tires, wheels, and suspensions. The price ranges from 422,000 to 638,000 rupees. The lowest price is about 12,000 rupee higher than that of the former model.|
|New 3-row seat model||First half of 2012||The New 3-row seat model is developed based on the New Swift. Its design follows that of "rIII", which is a concept car that Maruti Suzuki's R&D division had developed and that was exhibited at the Delhi Auto Expo held in January 2010. The company plans to produce about 50,000 units a year at the Manesar plant.|
Source: Suzuki Press Release 2011.2.2/2011.8.18, Nikkan Jidosha Newspaper 2011.8.19, Nikkan Kogyo Newspaper 2010.10.29/2011.2.9
Maruti Suzuki: boosts production capacity to 1.7 million a year in 2013
Maruti Suzuki is planning to start operations of the Manesar second plant at the beginning of 2012 and the Manesar third plant at the end of FY2012 (each plant is capable of producing 250,000 a year). With this move, Suzuki expects to boost production capacity in India from the current 1.2 million (850,000 at the Gurgaon plant and 350,000 at the Manesar plant) to 1.7 million a year.
Further, in October 2011, the company decided to buy a plant site as it needs to respond to the increase in demand in India and the increase in exports in the future and to upgrade the old Gurgaon plant.
Maruti Suzuki: builds new second and third plants at the Manesar plant, further purchasing a site for the construction of a new plant
|Time to start operations||Summary|
|Manesar second plant||January 2012||The Manesar second plant is capable of producing 250,000 vehicles a year. The company announced a plan to build the plant in February 2010, and is currently constructing it. The investment is worth about 17 billion rupees.|
|Manesar third plant||At the end of FY2012 or At the beginning of FY2013||The Manesar third plant is capable of producing 250,000 vehicles a year. In September 2010, the company announced a construction plan. The investment is worth about 19.25 billion rupees.|
|New plant||Undecided||In October 2011, eyeing construction of a vehicle plant, the company decided to purchase a site at Mehsana area in Gujarat, which is in the west region of India. This is a move to respond to the increase in demand in India and the increase in exports in the future. The company will also need the new plant in order to upgrade the old Gurgaon plant. It is scheduled to sign an official contract to purchase the land with the local government in the near future.|
Source: Maruti Suzuki Press Release 2010.9.7/2011.10.29, Suzuki Press Release 2011.10.29
Japanese market: Suzuki's sales of mini vehicles decreased by 50,000 in the first half of FY2011
In the April-September period of 2011, Suzuki's total sales of vehicles in Japan decreased by 15.0% to 261,000; sales of non-mini vehicles increased by 4,000 year-on-year, whereas those of mini vehicles significantly declined by 50,000. For the FY2011 full year, the company expects to have sales of 586,000 units, which are slightly down year-on-year.
Concerning introduction of new models, the company launched the New Swift, a global car, in September 2010, and a compact car, the New Solio, and a mini wagon, the New MR Wagon, in January 2011. In December 2011, it will introduce the Alto Eco, a new grade of the Alto mini vehicle, and the New Swift Sport.
As for electric vehicles, the company is currently conducting a verification test of a plug-in hybrid vehicle based on the Swift.
Suzuki's new vehicle sales volume in Japan
|FY2006||FY2007||FY2008||FY2009||FY2010||FY2011 Forecast||Apr.-Sep. 2010||Apr.-Sep. 2011|
Source: Suzuki's financial results reference material 2011.5.10/2011.11.7
Suzuki: introduction of new models in Japan (Second half of 2010-)
|New Swift||Sep. 2010||The New Swift is a compact passenger car that has been fully remodeled for the first time in about six years. The model is the first core model of registered vehicles that Suzuki markets. It has adopted a new platform that is lightweight and highly rigid, a newly-developed 1.2L engine that employs intake and exhaust VVT, and a CVT with sub-transmission. While enhancing dynamic performance, the fuel economy (in 10-15 mode) is improved to 23.0km/L (2WD/CVT model. The fuel economy of the former model is 21.0km/L). The company will introduce the model in Europe, India, and China in the future. It targets the sales of 43,000 units a year in Japan and around 300,000 abroad.|
|New Solio||Jan. 2011||The New Solio is a tall, compact wagon that has been fully upgraded for the first time in about 12 years. The model adopts a new platform and a 1.2L engine that is shared with the Swift. It features bilateral sliding doors and diversified seat arrangement. The fuel economy in 10-15 mode is 22.5km/L. The company intends to increase sales of the model as a second core model of non-mini vehicles following the Swift. The sales target is 12,000 a year.|
|New MR Wagon||Jan. 2011||The New MR Wagon is a fully upgraded mini wagon. The company targets young users that purchase a vehicle for the first time. The model is developed with a concept of low fuel consumption, spacious interior, and unique design. It comes with a lightweight and high-performance engine (R06A) for mini vehicles, which has been upgraded for the first time in 16 years, and a CVT with sub-transmission. The fuel economy in 10-15 mode is 25.5km/L.|
|New Alto Eco||Dec. 2011||The New Alto Eco is a new-grade model of the Alto mini vehicle. The model adopts a new engine (R06A) for mini vehicles and a CVT. It features a new stop and start system, which stops the engine during deceleration (9km/h or less) immediately before the vehicle stops, for the first time as Suzuki's vehicle. The fuel economy in JC08 mode is 30.2km/L, which is the highest among gasoline-powered vehicles (data by Suzuki). The price ranges from 895,000 to 995,000 yen. The sales target of the entire Alto series is 7,000 a month.|
|New Swift Sport||Dec. 2011||The New Swift Sport is based on the New Swift. The model has a more sporty suspension and handling. It adopts a 1.6L M16A engine with improved engine output and fuel economy, and specially-developed 6-speed MT or CVT with sub-transmission. The company also markets the model in Europe; it produces the product for Europe in Hungary.|
|Swift PHV||To be determined||The company started a verification test in the autumn of 2010 by using a prototype of a plug-in hybrid vehicle, the Swift range extender, in Japan, Europe, and India. At the Tokyo Motor Show held in December 2011, it exhibited the Swift EV Hybrid, which is an improved version of the above model with increased battery capacity to extend the cruising range in EV mode from 15km to 30km.|
Source: Suzuki Press Release 2010.8.26/2010.12.24/2011.8.10/2011.11.8/2011.11.24
Suzuki supplies the Solio compact car to Mitsubishi on an OEM basis, while Mitsubishi supplies a light commercial EV to Suzuki on an OEM basis
|Suzuki and Mitsubishi reached an agreement on Suzuki supplying a new compact passenger car, the New Solio, on an OEM basis to Mitsubishi (in December 2010). Suzuki supplies about 800 units a month, about 10,000 units a year, starting in the spring of 2011 only for the domestic market in Japan. Mitsubishi markets the product as the Delica D2. This is the first time Suzuki has supplied its product on an OEM basis to Mitsubishi in Japan.|
|(In November 2011) Mitsubishi announced that it would enter into negotiations with Suzuki on supplying a light commercial EV, the MINICAB-MiEV, which it would launch in December, to Suzuki on an OEM basis. Mitsubishi will start supplying a small number of products in February 2012, planning to begin full-scale supply in FY2012. This is the first time Mitsubishi supplies its product to Suzuki on an OEM basis. Mitsubishi is also considering supplying this model to Nissan on an OEM basis.|
Source: Suzuki Press Release 2010.12.24, Nikkan Jidosha Newspaper 2010.12.25/2011.11.24
Suzuki doubles production capacity in China to 500,000 a year, building a new engine plant in Indonesia
Suzuki will build a new plant in China by 2015, planning to boost production capacity to 500,000 a year. For the ASEAN region, the company will construct a new engine plant with production capacity of 100,000 a year in Indonesia. In Vietnam, it will transfer and newly establish a vehicle plant, boosting production capacity by 60% to 5,000 units.
China: Suzuki constructs a second plant of Chongqing Changan Suzuki Automobile, doubling production capacity in China to 500,000 a year
|In August 2010, Suzuki enhanced facilities at its joint venture, Chongqing Changan Suzuki Automobile, increasing production capacity by 30% to 200,000 a year. Combined with its other joint venture, Jiangxi Changhe-Suzuki Automobile, Suzuki increased its production capacity in China to 360,000 per year.|
|(In November 2011) Suzuki announced that it would build a second plant of Chongqing Changan Suzuki Automobile by 2015 to boost production capacity for compact cars in China to 500,000 a year. The company will build the plant in the site, which Chongqing City lends for free to Changan Suzuki, within the industrial park where it already has a plant. Suzuki will produce a newly-developed engine locally and use it in a new-model vehicle. The company will meet China's tightened emission regulations and also meet the increasing demand in inland China. The investment is worth about 60 billion yen.|
Source: Nikkei Sangyo Newspaper 2010.8.30, Nikkan Kogyo Newspaper 2011.11.21
Indonesia: Suzuki constructs an engine plant with production capacity of 100,000 a year
|Suzuki plans to build a new engine plant with production capacity of 100,000 a year on the same site of its production facility in West Java, Indonesia (announced in June 2011). The total investment is worth 30 billion yen. The new engine plant will produce the engines that it has been importing from Japan to improve production efficiency and to ease the impact from stronger yen. In line with this move, the company will boost production capacity of its vehicle plant from 80,000 to 100,000 by March 2012.|
|According to a report in November 2010, Suzuki is said to launch two new models in Indonesia by 2012. The first model is a 3-row seat model, which is popular in Indonesia, with displacement of about 1500cc. Based on a new model that it will start producing in India in the first half of 2012, the company will tailor the product for Indonesia. The second model is a compact car that responds to the Indonesian government's "Low Cost Green Car Program," - a new model with a displacement of about 1000cc, which will be developed based on the Wagon R. The investment is worth about 40 billion yen.|
Source: NNA.Asia 2011.6.27, Nikkan Kogyo Newspaper 2010.11.12
Vietnam: Suzuki increases production capacity for vehicles by 60% to 5,000 units a year
|Suzuki will transfer its vehicle plant in Vietnam from the Binh Da industrial park in Dong Nai to an adjacent site of its motorcycle plant in the Long Binh industrial park, which is close to the current site in 2013 (announced in November 2011). Since its existing plant suffers from a shortage of space, the company will build a new plant and will boost production capacity by 60% to 5,000 units a year. The investment is worth about 1 billion yen. The floor area of the plant is 9,200 square meters. In Vietnam, Suzuki is currently producing trucks and vans, planning to augment production of the Super Carry (van/truck) starting in 2013.|
Source: Suzuki Press Release 2011.11.16, Nikkei Sangyo Newspaper 2011.11.17, Nikkan Kogyo Newspaper 2011.11.17
Thailand: Impact of flooding
|Due to the flooding in Thailand, Suzuki halted operations at its motorcycle plant in the suburbs of Bangkok starting on October 12, but resumes some of the operations on December 1. There is no effect on Suzuki's new vehicle plant that is scheduled to start operations in the spring of 2012 as it is located away from the flooded area.|
|There was a concern that the procurement of parts for production in Japan might be disrupted by the flooding, but there was a prospect for purchasing of parts that are enough until the end of December, regular operations of the vehicle and motorcycle plants will be continued in 2011. The company will see whether it will be able to procure parts in January 2012 and later in order to determine subsequent operations.|
Source: Suzuki Press Release 2011.11.25
Alliance with VW: Suzuki files for international arbitration to terminate a comprehensive contract
In November 2011, Suzuki filed for international arbitration on termination of a comprehensive contract on capital and business alliance with VW. The arbitration may take long. Suzuki needs an alliance with other OEMs on development of costly environmental technology, but might have difficulty forming an alliance with other OEMs if the conflict with VW prolongs.
Suzuki files for international arbitration on termination of comprehensive capital and business alliance with VW
|On November 24, 2011, Suzuki filed for an international arbitration in the International Court of Arbitration, International Chamber of Commerce (Paris, France) on termination of a contract on a comprehensive capital and business alliance with VW. Hearings will be held in London, the UK. On November 18, Suzuki announced that it would terminate the comprehensive contract. The company asked VW to transfer the 19.89% share (voting right) of Suzuki to Suzuki itself or a third party that it designates. VW did not respond to this request, which led to the proceedings of international arbitration.|
|In December 2009, the companies announced that they would conclude a contract on their comprehensive alliance. Then, however, the proceedings of the alliance were not carried forward and the difference of their intention was widened. Suzuki says that the access to VW's core technology including hybrid technology is not enough, claiming VW's breach of contract. The company also reacted sharply against VW having positioned Suzuki as "an affiliated company that has an important influence on management policy." VW asked Suzuki to open important information in order to share parts and technology and to improve cost competitiveness, but was not able to achieve it with the current investment ratio. In addition, VW claimed that Suzuki is in breach of contract to procure diesel engines from Fiat. VW says that it has not been in breach of contract and has no intention of selling Suzuki shares (as of the end of November 2011).|
Source: Suzuki Press Release 2011.11.18, Nikkei Sangyo Newspaper 2011.9.30, Nikkan Kogyo Newspaper 2011.11.25
Suzuki: procures a 1.6L diesel engine from Fiat
|In June 2011, Suzuki announced that it would procure a new diesel engine (DE) from Fiat Powertrain Technologies (FPT). The company will purchase 20,000 units of the high-output/fuel-efficient 1.6L DE a year, using it in a new model vehicle that it will start producing at Magyar Suzuki in Hungary in 2013. The engine is said to go well together with Suzuki's four-wheel-drive system. Suzuki has so far cooperated with Fiat on 2L/1.3L DE.|
Source: Suzuki Press Release 2011.6.27, Nikkei Sangyo Newspaper 2011.6.28
FY2011 full-year sales forecast: Suzuki revised downward the initial forecast by 100,000 to 2.71 million
In the April-September period of 2011, Suzuki's global sales volume decreased by 4% to 1.2 million. In Japan, the company's sales fell by 15% year-on-year to 260,000 due to decreased production caused by the Great East Japan Earthquake and as a reaction to increased sales because of the incentives for buying eco cars in the previous year. Suzuki's overseas sales decreased by 0.4% year-on-year to 940,000 as it lost sales in India.
In the FY2011 full-year forecast that was announced in November 2011, the company revised upward the sales plan in Japan centered on mini vehicles, but downward the overseas sales plan due to decrease in sales in India. It has revised global sales forecast downward by 100,000 from the forecast announced in June to 2.71 million. It also revised global production forecast downward by 90,000 from the June forecast to 2.95 million.
Suzuki's new vehicle sales volume
|FY2006 ended March 2007||FY2007 ended March 2008||FY2008 ended March 2009||FY2009 ended March 2010||FY2010 ended March 2011||FY2011 Forecast||Apr.-Sep. 2010||Apr.-Sep. 2011|
Source: Suzuki's financial results reference material 2011.5.10/2011.11.7 (Note) While the figures show the sales volume of new Suzuki vehicles, Japan sales also include Chevrolet vehicles. Suzuki announced its FY2011 business plan in November 2011.
Suzuki's new vehicle sales volume by region
|Source: Suzuki's financial results reference/presentation material 2011.5.10/2011.11.7|
|(Note) 1.||Since the "Total" of Asia includes other countries in Asia, it does not match the "Total" of India, China, and ASEAN.|
|2.||Among sales volume (57,000 units) in ASEAN in the April-September period of 2011, 44,000 are in Indonesia, 5,000 in Thailand, 3,000 in Malaysia, 2,000 in the Philippines, and 2,000 in Vietnam|
Suzuki's production volume
|FY2006||FY2007||FY2008||FY2009||FY2010||FY2011 Forecast||Apr.-Sep. 2010||Apr.-Sep. 2011|
Source: Suzuki's financial results reference material 2011.5.10/2011.11.7 (Note) Production in Japan includes the figures for both completed vehicles and CKD units. Production outside Japan is based on the actual number of vehicles leaving the production lines and does not include units assembled on a CKD basis.
FY2011 full-year business forecast: Suzuki leaves the initial forecast unchanged, projecting revenues of 2 trillion 610 billion yen, which is about the same as the previous year
In its consolidated results in the April-September period of 2011, Suzuki's consolidated revenues decreased by 7% year-on-year to 1 trillion 226.2 billion yen and operating profit by 5.9% to 64.7 billion yen as it was not able to completely cover the negative impact caused by the Great East Japan Earthquake and the stronger yen with increased sales in Asia and cost reduction, thus registering decreased revenues and operating profit for the first time in two years (Net profit increased due partly to selling-off of GM shares).
For the FY2011 full-year forecast for consolidated results, the company changed the exchange rate to 77 JPY/USD (initially 80 JPY/USD) and 109 JPY/EUR (initially 110 JPY/EUR). Because the influence of the flooding in Thailand is unclear, the company left unchanged its initial profit forecast announced in June. In June, the company forecasted that revenues would grow by 0.1% year-on-year to 2 trillion 610 billion yen, operating profit up by 2.9% to 110 billion yen, and net profit up by 10.7% to 50 billion yen.
Suzuki's consolidated business results
|(1 million Yen)|
|FY2006 ended March 2007||FY2007 ended March 2008||FY2008 ended March 2009||FY2009 ended March 2010||FY2010 ended March 2011||FY2011 Forecast||Apr.-Sep. 2010||Apr.-Sep. 2011|
|Net sales Japan overseas||3,163,669 973,500 2,190,200||3,502,419 981,400 2,521,000||3,004,888 965,500 2,039,300||2,469,063 952,559 1,516,504||2,608,217 937,400 1,670,800||2,610,000 940,000 1,670,000||1,318,760 493,000 825,800||1,226,169 448,700 777,500|
|Operating profit Ordinary profit Net profit||132,900 139,183 75,008||149,405 156,904 80,254||76,926 79,675 27,429||79,368 93,841 28,913||106,934 122,502 45,174||110,000 125,000 50,000||68,814 74,936 30,411||64,731 67,555 32,009|
|Capital expenditure Depreciation R & D costs||207,400 149,900 92,100||243,600 161,600 108,700||216,200 141,200 115,000||120,200 141,800 108,800||130,300 138,400 104,100||210,000 120,000 110,000||66,300 62,500 50,400||55,100 47,600 51,500|
|Number of employees||45,510||50,241||50,613||51,503||52,731||52,759||54,289|
|Forex (US$)||117 Yen||114 Yen||101 Yen||93 Yen||86 Yen||77 Yen||89 Yen||80 Yen|
|Forex (EUR)||151 Yen||160 Yen||144 Yen||131 Yen||113 Yen||109 Yen||114 Yen||114 Yen|
Source: Suzuki's financial results 2011.5.10/2011.11.7, financial results reference material 2011.5.10/2011.11.7 (Note) The FY2011 forecast was announced in June 2011. It was not changed in the announcement of the second quarter results of FY2011 (only the exchange rates were changed from the initial 80 yen/dollar and 110 yen/Euro).
Suzuki's operating profit fluctuation factors
|(100 million Yen)|
|Gain/Loss||Expenses||Cost reduction||R & D cost||Volume & mix||Exchange rate||Depreciation cost|
Source: Suzuki's financial results presentation material 2011.5.10/2011.11.7
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