Suzuki Motor Corporation today announced its financial results for the second quarter of FY2015. The consolidated net sales of this second quarter (April 2015 to September 2015) increased by ¥124.8 billion (8.7%) to ¥1,555.5 billion compared to the corresponding period of the previous fiscal year.

Japanese domestic net sales decreased by ¥20.7 billion (4.0%) to ¥500.0 billion year-on-year due to the impact of the hike in the rate of the light motor vehicle tax and decrease in OEM sales. The overseas net sales increased by ¥145.5 billion (16.0%) to ¥1,055.5 billion year-on-year mainly owing to the increase in automobile sales in India.

In terms of the consolidated income, the operating income increased by ¥10.6 billion (11.7%) to ¥101.1 billion year-on-year mainly owing to the increase in the income in India. The ordinary income increased by ¥14.9 billion (15.3%) to ¥112.1 billion year-on-year. The net income attributable to owners of the parent increased by ¥25.2 billion (46.5%) to ¥79.1 billion year-on-year mainly owing to the gain on sales of investment securities.

The overseas net sales increased year-on-year mainly owing to the increase in India and Pakistan. Consequently, the net sales of the automobile business increased by ¥119.7 billion (9.4%) to ¥1,395.9 billion year-on-year. The operating income increased by ¥8.7 billion (10.1%) to ¥94.5 billion year-on-year mainly owing to the increase in the income in India.

In the motorcycle business, the net sales were flat year-on-year at ¥123.3 billion, mainly owing to the decrease in the sales in Indonesia, despite increase in Europe and India. The operating loss of ¥0.2 billion in the corresponding period of the previous fiscal year became an operating loss of ¥1.2 billion.

Suzuki has also raised its consolidated operating results for the full year, as a result of the improved Q2 performance.