Suzuki's settlement of accounts, sales have been reduced to almost half, but profits have been cut. Cost reduction: August 3, 18:48
Suzuki's financial results for the three months to June have almost halved the sales due to the new coronavirus, but due to cost reductions, the final profit has secured a surplus of over 1.7 billion yen. did.
As Suzuki announced on the 3rd, the sales for the three months from April to June were 425.2 billion yen, a 53% decrease from the same period of the previous year.
In the flagship Indian market, the number of vehicles sold fell by 80% due to the restrictions on going out due to the spread of the new coronavirus.
On the other hand, the final profit was 95% lower than the same period of the previous year due to the significant reduction of costs such as advertising and sales promotion, but it secured a surplus of more than 1.7 billion yen.
However, regarding the business results for the current fiscal year, we have continued to leave it undecided because it is difficult to reasonably calculate the sales outlook in India.
Suzuki's managing director Masahiko Nagao said in a telephone interview, "We will continue to work on cost-cutting measures to generate profits because of the impact of the new coronavirus."