SUZUKI MOTOR CORPORATION
7269・Prime Market・Transportation Equipment
Four-Wheel Vehicle Business
The core segment of the Suzuki Group, accounting for approximately 91% of consolidated revenue.
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue | ¥5,706,420 million | ¥5,305,217 million | ↑ |
| Operating Profit | ¥547,632 million | ¥567,634 million | ↓ |
| Operating Margin | 9.6% | 10.7% | ↓ |
| Segment Assets | ¥5,066,943 million | ¥4,632,197 million | ↑ |
| Capital Expenditures | ¥362,933 million | ¥394,766 million | ↓ |
| Depreciation and Amortization | ¥241,204 million | ¥209,513 million | ↑ |
Business Details
Manufactures and sells kei cars, compact vehicles, and standard vehicles. Domestically, sales are conducted through a nationwide dealer network, while overseas operations are carried out through subsidiaries such as Maruti Suzuki India Ltd. (India) and Magyar Suzuki Corporation Ltd. (Europe). Positioning India as its most important market, the segment achieved increased sales by flexibly adjusting production and logistics systems in response to demand activation driven by GST reform. Revenue for FY2026 (ending March 2026) reached ¥5,706,420 million, a 7.6% increase year on year.
Recent Overview
Despite increased revenue, operating profit declined 3.5% year on year due to expanded investment in human capital and technology.
In the Four-Wheel Vehicle Business for FY2026 (ending March 2026), revenue increased to ¥5,706,420 million (up ¥401,203 million, or +7.6% year on year) as production and logistics systems were flexibly adjusted in response to market activation driven by GST reform in India. On the other hand, operating profit declined to ¥547,632 million (down ¥20,002 million, or -3.5% year on year). While increases in raw material prices were offset by higher sales volumes, improved model mix, and cost reduction efforts, expanded investment in human capital and technology for sustainable growth weighed on profit.
Key Products
Growth Drivers
- Increased sales driven by rapid response of production and logistics systems to demand activation following GST reform in the Indian market
- Investment in expanding four-wheel vehicle production capacity in India (implemented through Maruti Suzuki India Ltd.)
- Expansion of market share in India through strengthened product competitiveness in the SUV and MPV segments and development of entry-level models
- Expansion of sales channels through the use of India-made models in emerging markets such as the Middle East, Africa, and Latin America
- Improved profitability through enhanced model mix and cost reduction activities
- Advancement of the three-pillar approach in the medium-term management plan: "new vehicle profitability," "value chain profitability," and "fixed costs"
Risks
- Fluctuations in foreign exchange rates (impact on revenue and operating profit from yen appreciation)
- Increased manufacturing costs due to rising raw material prices
- Geopolitical and regulatory risks associated with high dependence on the Indian market (approximately 91% of revenue from the Four-Wheel Vehicle Business)
- Burden of responding to tightening environmental and safety regulations in various countries (BEV transition costs, European CO2 regulations, etc.)
- Risk of rising raw material prices, increased logistics costs, and transportation delays due to instability in the Middle East
- Risk of demand fluctuations and supply chain disruption due to global instability
- Risk of declining profit margins due to increased fixed costs from expanded investment in human capital and technology
Last updated: June 23, 2026