Suzuki Motor Cuts Full-Year Pretax Profit Forecast
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Author:小编   

On November 10, Suzuki Motor announced that it has lowered its pretax profit forecast for the fiscal year ending March 2027 from 720 billion yen to 690 billion yen—a 5.6% year-on-year decline—primarily because rising raw material costs have offset gains from sales growth. The company kept its operating profit and net profit guidance unchanged at 540 billion yen and 420 billion yen, respectively, down 13.3% and 4.4% year-on-year. Meanwhile, Suzuki raised its global vehicle sales forecast to 3.7 million units, an increase of 122,000 units from its previous forecast and a year-on-year rise of 11.5%, driven mainly by growing demand in the Indian market.