Growth was largely attributed to North American sales of its DF350A large outboard motor
Suzuki’s consolidated net sales for the fiscal 2018 second-quarter increased by 5.4%, or ¥98.3bn, to ¥1,929.4bn year-on-year, and operating income grew by nearly 15% to ¥198.5bn.
The financial results show a slowdown with a smaller increase in net sales and income as compared to those of the first quarter, mainly due to the impact of the depreciation of currencies of the emerging countries, according to the company.
Suzuki Marine’s net sales increases by ¥4.2bn, or 11.1%, to to ¥41.8bn, largely owing to North American sales of its DF350A large outboard motor.
Operating income increase by a substantial 32.6% to ¥9bn year-over-year due to increased North American profits.
With respect to the operating results by geographic region, Japan, Asia, and other areas saw increase in net sales and income.
Marine operating results also saw net sales and income growth in Japan, Asia and other key markets.