Suzuki Motor Corporation, the parent manufacturer of Suzuki Marine products, this week announced the results of its first fiscal quarter of 2025, ended June 30.
The company reported that revenue for all segments decreased 4.1% year-over-year. Operating profit decreased 9.8% during the period to ¥142.1 billion ($964.3 million). Profit before tax decreased 7.3% from the year-ago fiscal quarter to ¥175.7 billion ($1.2 billion).
Marine segment revenue increased 5.7% from the year-ago fiscal quarter to ¥31.9 billion ($216.5 million). Operating profit increased 13.4% from the prior-fiscal-year period to ¥9.2 billion ($62.4 million). The company said in a statement that the revenue increase was mainly driven by robust sales in North America, despite the impact of tariffs.
The company says that it is sticking by its guidance for the remainder of the fiscal year, which calls for revenue to increase over all segments by 4.7%.
