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Suzuki announces Financial Results for FY2012

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SHIZUOKA, JAPAN – May 10, 2013: Suzuki Motor Corporation has recorded another strong result for the 2012 Fiscal Year (April 2012 to March 2013).

SMC continued its record of a profit every year since 1950 on the back of increased sales for the first time in two fiscal years and its highest ever net income.

Japanese domestic net sales exceeded 1 trillion for the first time, resulting in an increase of 54.1 billion (5.5%) to 1,040.9 billion compared to the previous fiscal year.

Overseas net sales increased by 12.0 billion (0.8%) to 1,537.4 billion year-on-year. As a result, the consolidated net sales of the FY2012 (April 2012 to March 2013) increased by 66.1 billion (2.6%) to 2,578.3 billion year-on-year.

In terms of consolidated income, operating income increased by 25.3 billion (21.2%) to 144.6 billion year-on-year, and ordinary income increased by 25.0 billion (19.2%) to 155.6 billion year-on-year.

Net income was the highest ever, increasing by 26.5 billion (49.2%) to 80.4 billion year-on-year. Although there was loss on liquidation of subsidiaries and affiliates in connection with the winding down of automobile marketing business in the U.S., SMC was able to increase net income by covering the loss.

The year-end dividends is scheduled to be up by 2.00 per share from the previous forecasts to 10.00 per share (previous year-end dividends was 8.00 per share). As a result, the annual dividends will be 18.00 per share, up by 3.00 per share from the previous fiscal year.

Operating Results by Segment
In the automobile business, Japanese domestic net sales increased year-on-year as a result of expanding sales and a strong product line-up including a new WagonR and Spacia.

International net sales increased year-on-year by covering the sales decrease in Europe and the impact of the exchange conversion due to the yen appreciation, with a corresponding sales increase in Asia.

As a result, the overall net sales of the automobile business increased by 88.8 billion (4.0%) to 2,297.8 billion year-on-year. Operating income increased by 36.1 billion (31.5%) to 150.6 billion year-on-year, mainly due to the increase of income in India, Indonesia, and the Japanese domestic automobile business.

In the motorcycle business, net sales decreased by 24.5 billion (9.6%) to 230.3 billion year-on-year, mainly due to the sales decrease in Europe and Asia. As for the operating income, the operating loss of 2.4 billion in the previous fiscal year became an operating loss of 11.9 billion.

In the marine and power products business, net sales increased by 1.8 billion (3.6%) to 50.2 billion year-on-year. Operating income decreased by 1.3 billion (17.7%) to 5.9 billion year-on-year.

From a geographic standpoint, Japan and Asia increased sales and income due to the increase of automobile sales.

Although exports to areas such as Europe decreased, operating income in Japan was the highest ever, mainly due to the increase of the Japanese domestic automobile sales, and cost reduction.

Forecasts for the Consolidated Operation of the Next Fiscal Year
The forecast for the next fiscal year is positive, while the exchange environment is improving and the sales in the growing markets such as India and ASEAN are expected to increase.

(Forecasts for the consolidated operating results-Full Year)

Net Sales 2,800.0 billion (up 8.6% year-on-year)

Operating Income 150.0 billion (up 3.8% year-on-year)

Ordinary Income 165.0 billion (up 6.0% year-on-year)

Net Income 90.0 billion (up 12.0% year-on-year)