Earnings quality
Compare earnings and operating cash flow for earnings quality.
Suzuki Motor Corporation
Ticker 7269 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-23 · Period end 2026-03-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
equity ratio is 51.0%.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin—
Equity ratio51.0%
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
スズキ株式会社 is a Japanese listed company. Its reportable segments include Automobile Business, Marine Business, Motorcycle Business, Other Business.
- Automobile Business
- Marine Business
- Motorcycle Business
- Other Business
Segments Automobile Business · Marine Business · Motorcycle Business · Other Business
Compare trends
No phone/email found in this filing · Filing date 2026-06-23
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | — | — |
| Cost of sales* | — | — |
| Gross profit | ¥1.6T | ¥1.6T |
| Operating profit (loss) | ¥642.9B | ¥622.9B |
| Finance income | ¥118.8B | ¥129.6B |
| Finance costs | ¥43.4B | ¥29.3B |
| Income tax expense | ¥200.5B | ¥186.9B |
| Profit (loss) | ¥529.7B | ¥543.9B |
| Profit (loss) attributable to owners | ¥416.1B | ¥439.3B |
| Basic EPS (¥) | 215.66 | 227.69 |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥842.7B | ¥973.3B |
| Current assets | ¥2.5T | ¥2.9T |
| Non-current assets | ¥3.5T | ¥3.7T |
| Total assets | ¥6.0T | ¥6.6T |
| Short-term borrowings | — | — |
| Current liabilities | ¥1.6T | ¥1.7T |
| Non-current liabilities* | ¥703.0B | ¥806.8B |
| Total liabilities | ¥2.3T | ¥2.5T |
| Equity attributable to owners | ¥3.0T | ¥3.4T |
| Total equity | ¥3.7T | ¥4.2T |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥669.8B | ¥717.5B |
| Cash flows from investing activities | -¥475.6B | -¥499.5B |
| Cash flows from financing activities | -¥186.0B | -¥127.3B |
| Net increase (decrease) in cash | ¥2.7B | ¥130.6B |
| Cash at end of period | ¥842.7B | ¥973.3B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥3.6T | ¥4.6T | ¥5.4T | ¥5.8T | ¥6.3T | |
| Operating profit | ¥262.9B | ¥382.8B | ¥488.5B | ¥622.1B | ¥622.9B | |
| Profit to owners | — | — | ¥317.0B | ¥416.1B | ¥439.3B | |
| Total assets | ¥4.2T | ¥4.9T | ¥5.8T | ¥6.0T | ¥6.6T | |
| Cash & equivalents | — | ¥868.9B | ¥840.0B | ¥842.7B | ¥973.3B | |
| Owners’ equity | ¥2.3T | ¥2.3T | ¥2.7T | ¥3.0T | ¥3.4T |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from — to — (—), so the top line did not break. Gross profit only slipped from ¥1.6T to ¥1.6T, while operating profit swung from ¥642.9B to ¥622.9B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥717.5B (prior ¥669.8B), and cash on the balance sheet rose to ¥973.3B from ¥842.7B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥2.5T while owners’ equity fell to ¥3.4T. ROE moved from 14.6% to 13.8%, and the equity ratio from 49.6% to 51.0%. Employee count is 76,889 vs 74,077 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Capital structure held relatively steady.
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Source: EDINET S100YFG2
(スズキ株式会社), period end 2026-03-31.