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1、FY2024 Third Quarter Financial ResultsFebruary 6,2025SUZUKI MOTOR CORPORATION Suzuki Motor Corporation,2025.All rights reserved.2/17Revenue and profit increased due to the effect of FX rates and increase in sales volume.Profit increased,especially contributed by price revisions and model mix improve

2、ments in the domesticautomobile business.The increase in fixed costs and the effect of efforts to strengthen foundation of suppliers were covered byprofit growth from increase in revenue and cost reduction.FY2024 3Q ResultsFY2024 Full year forecastUpward revision from previous forecast,reflecting 9

3、months results and changes in the business environment.We expect revenue of 5.7 trillion yen and operating profit of 590 billion yen.We aim to strengthen our earning power to cover the increase in R&D expenses for realizing the Growth Strategy,and Fixed costs etc.Financial SummaryFY2024 Third Quarte

4、r Results,Full Year ForecastThe company has voluntarily adopted International Financial Reporting Standards(IFRS)starting from the firstquarter report of FY2024.Therefore,the following pages have been prepared in accordance with IFRS for both the previous and current fiscal years.Suzuki Motor Corpor

5、ation,2025.All rights reserved.3/17ContentsFinancial Summary .2 2FY2024 Third Quarter Results 4 41212Highlights .4 Factors of Change in Operating Profit .5 Operating Results by Segment .6 Production and Sales Volume of Automobiles and Motorcycles.712Full Year Forecast.13131717Highlights .13Factors o

6、f Change in Operating Profit .1415Production and Sales Volume of Automobiles and Motorcycles .1617Appendix.18182727 Suzuki Motor Corporation,2025.All rights reserved.4/17FY2024 Third Quarter ResultsHighlightsRatioRevenue4,283.73,834.1+449.6+11.7%Increased for the 4th consecutive periodOperating Prof

7、it 479.7371.2(Margin)(11.2%)(9.7%)Profit before tax548.0435.1(Margin)(12.8%)(11.3%)Profit311.7237.1(Margin)(7.3%)(6.2%)US Dollar153 yen143 yen+9 yen+6.5%Euro165 yen155 yen+10 yen+6.2%Indian Rupee1.83 yen1.74 yen+0.09 yen+5.2%Automobile2,3632,283+80+3.5%Increased in Japan,Pakistan,Middle East,etc.Mot

8、orcycle1,5481,445+103+7.1%Increased in India,Latin America,Europe etc.+112.9+25.9%FX RatesGlobalSales Volume(Thousand units)FY2024(24/4-12)FY2023(23/4-12)(Billions of yen)RecordChangeIncreased for the 4th consecutive periodConsoli-datedFinancialResults+108.5+29.2%Increased for the 4th consecutive pe

9、riod+74.6+31.5%Increased for the 4th consecutive period*1*2*1 Record comments refer to the third quarter(Apr.-Dec.)evaluation *2 Profit attributable to owners of parent Suzuki Motor Corporation,2025.All rights reserved.5/17Operating Profit+108.531Excluding external factors:+69.8FY2024 Third Quarter

10、Results|Factors of Change in Operating Profit2FY2023FY2024(Billions of yen)Effect ofFX ratesChange in price ofraw materialsChange in volume,mix/price,etc.+118.6Changein volumeChange inmix/price etc.Cost ReductionIncrease ofFixed cost,etc.Increase of depreciation expensesIncrease of R&D expenses*1 Br

11、eakdown for Change in volume*2 Breakdown for Change in mix/price etc.*3Breakdown for Fixed cost,etc.Labor costs-19.2Marketing costs-3.7Quality-related costs-3.2Non-Consolidated-18.3 Maruti Suzuki India+15.9Non-Consolidated+45.3Maruti Suzuki India-7.423/4-1224/4-12 Suzuki Motor Corporation,2025.All r

12、ights reserved.6/17FY2024 Third Quarter ResultsOperating Results by SegmentOperating profit+104.3Operating profit+3.2YoYYoYMarginYoYYoYMarginAuto.3,900.4+12%423.5+33%10.9%1,305.8+12%130.1+15%10.0%Moto.295.3+11%31.1+12%10.5%97.0+11%8.4-30%8.7%Marine79.5-5%22.3+4%28.0%22.9+0%5.2-22%22.9%Others8.6+1%2.

13、8+10%33.1%3.0+1%1.0+3%33.1%Total4,283.7+12%479.7+29%11.2%1,428.7+12%144.8+9%10.1%24/4-1224/10-12RevenueOperating profitRevenueOperating profit(Billions of yen)Motorcycle23/4-12FY2023FY202424/4-12Effect ofFX ratesChange in price ofraw materialsChangein volumeChange inmix/price etc.Cost ReductionIncre

14、ase ofFixed Cost,etc.Increase of R&D expensesAutomobile23/4-12FY202324/4-12FY2024Change inmix/price etc.Effect ofFX ratesCost ReductionChange in price ofraw materialsIncrease ofFixed Cost,etc.Increase of depreciation expensesIncrease of R&D expensesChangein volumeMarine23/4-12FY202324/4-12FY2024Chan

15、ge inmix/price etc.Effect ofFX ratesCost ReductionChange in price ofraw materialsIncrease ofFixed Cost,etc.Decrease of R&D expensesChangein volumeOperating profit+0.8Increase of depreciation expensesIncrease of depreciation expenses+0 Suzuki Motor Corporation,2025.All rights reserved.7/1746951716816

16、51,304 1,301 132139211241747766 119751,434 1,513 917300Europe2,392Japan2,283IndiaAsiaAsiaEuropeJapanOtherIndia2,4272,363VolumeGlobal Sales2,363+80+3.5%Japan517+47+10.1%Europe165-2-1.4%India1,301-3-0.2%Asia(excl.India)139+7+5.6%Pakistan51+21+72.2%Indonesia51-9-15.1%Philippines16+2+14.3%Others241+31+1

17、4.5%Latin America92+10+11.7%Africa78+6+8.3%Middle East49+13+34.8%Oceania21+2+11.7%(Thousand units)Year-on-yearProduction and Sales Volume of AutomobilesGlobal(Thousand units)+34(+1.4%)+80(+3.5%)(Thousand units)Production ResultSales ResultOf whichCBUs:727Of whichCBUs:721 FY2023 FY202423/4-12 24/4-12

18、FY2023 FY202423/4-12 24/4-12 FY2024 Third Quarter global salesOthers Suzuki Motor Corporation,2025.All rights reserved.8/17141 143 140165 129 33 29 3040 27 174 173 170205 157 24/10-1224/7-924/4-624/1-323/10-12FY2023387 425 82 92 469517Sales Volume of AutomobilesJapan Launched on December 10,2024Smoo

19、th start of salesNo.1 in mini-vehicle sales for CY2024(37.9%share)132 thousand units Sub-compact and standard-sizedvehicle sold in CY2024(record high)Sales of new Fronx are strongMini-vehicleFY2024+47(+10.1%)(Thousand units)Third Quarter ResultFY2023 FY202423/4-12 24/4-12Mini-vehicleSub-compact and

20、standard-sized vehicle 3Q Domestic Sales Wagon R Smile launched with minor changes(Thousand units)Trends in domestic sales volume by quartersSub-compact and standard-sized vehicle Suzuki Motor Corporation,2025.All rights reserved.9/17100 90 610 549 9 6 320 353 140 176 101 103 24 25 1,301MiniCompactU

21、V1VansLCV2Mid-size1,304Note.Wholesale results including commercial vehicles(LCV),excluding OEM*1 UV=Utility Vehicles(Ertiga,etc.)*2 LCV=Light Commercial VehiclesSUVNew Dzire compact sedan launched on Nov.11One of the leading modelsSales Volume of AutomobilesIndiaWholesale Sales by Powertrain207 1872

22、24340216 68 92552368 6 5333 159 150145124128 440 434427490415 24/10-1224/7-924/4-624/1-323/10-12ConventionalMild HVStrong HVCNGRetail sales in December hit a record high of 253 thousand units(50.2%share)Cumulative retail sales in CY2024 hit a record high of 1,788 thousand units(+3.6%YoY)Cumulative w

23、holesale sales in CY2024 also hit a record high of 1,791 thousand units(+2.8%YoY)Strong demand in rural areasFY2023FY2024Third Quarter Result(Thousand units)-3(-0.2%)FY2023 FY202423/4-12 24/4-12 3Q Sales in India New Dzire launched(Thousand units)Suzuki Motor Corporation,2025.All rights reserved.10/

24、17295160511416106941012132139IndonesiaPhilippinesPakistanOthersSales Volume of AutomobilesEurope/Asia(excluding India)VietnamContinued strong sales of SwiftConsumer demand remains strong due to a good harvestStrong sales of Alto and Swift282820202020211610116870168165HungaryUnited KingdomFranceGerma

25、nyItalyOthersThailandEuropeAsia(excluding India)(Thousand units)+7(+5.6%)(Thousand units)-2(-1.4%)FY2023 FY202423/4-12 24/4-12FY2023 FY202423/4-12 24/4-12 Topics Europe Pakistan Suzuki Motor Corporation,2025.All rights reserved.11/177278374919218392Volume78+6+8.3%South Africa45+8+21.1%49+13+34.8%Sau

26、di Arabia28+7+31.8%21+2+11.7%92+10+11.7%Mexico33+5+18.5%Chile16+2+15.9%OceaniaLatin America(Thousand units)Year-on-yearAfricaMiddle EastSales Volume of AutomobilesOther RegionsFY2024 Third Quarter sales211241AfricaMiddle EastLatin AmericaOceania+31(+14.5%)(Thousand units)Third Quarter ResultFY2023 F

27、Y202423/4-12 24/4-12TopicsMaintained strong sales in the Middle East,Latin America and South Africa11.7%share in South Africa(Apr.-Dec.2024)Models made in India such as Jimny 5-door drove sales Suzuki Motor Corporation,2025.All rights reserved.12/1779 66 2 3 719 828 571 543 61 80 30 27 28 34 23 24 6

28、57 779 550 491 156 193 1,445AsiaIndiaEuropeJapanOthersNorth AmericaOthersNorth AmericaJapan1,4321,520IndiaAsia1,548Production and Sales Volume of MotorcyclesGlobalmodels were unveiled at the Bharat Mobility Global Expo 2025 held in New Delhi,India from January 17 to 22.”e-ACCESS”the first global str

29、ategic BEV motorcycle New ACCESS”GIXXER SF 250”bioethanol-blended fuel model(Thousand units)+103(+7.1%)(Thousand units)Production ResultSales Result+88(+6.2%)FY2023 FY202423/4-12 24/4-12FY2023 FY202423/4-12 24/4-12 Three new models unveiled in India Suzuki Motor Corporation,2025.All rights reserved.

30、13/17FY2024FY2023Comparison with previous forecast(24/4-25/3)(23/4-24/3)RatioPrevious forcastChangeRevenue5,700.05,357.5+342.5+6.4%Increase for the 4thconsecutive period5,600.0+100.0Operating Profit590.0493.8550.0(Margin)(10.4%)(9.2%)(9.8%)Ordinary Profit660.0591.7620.0(Margin)(11.6%)(11.0%)(11.1%)P

31、rofit370.0317.0350.0(Margin)(6.5%)(5.9%)(6.3%)US Dollar152 yen145 yen+7 yen+5.1%146 yen+6 yenEuro162 yen157 yen+6 yen+3.6%160 yen+2 yenIndian Rupee1.81 yen1.76 yen+0.05 yen+2.8%1.76 yen+0.05 yenAutomobile3,2443,168+76+2.4%3,244-0 Motorcycle2,0351,912+123+6.4%2,008+27(Billions of yen)ChangeRecordCons

32、oli-datedFinancialResults+96.2+19.5%Increase for the 3rdconsecutive period+68.3+53.0+16.7%Increase for the 5thconsecutive period+11.5%+40.0+40.0+20.0Increase for the 5thconsecutive periodGlobalSales Volume(Thousand units)FX RatesFull Year ForecastHighlights*1 Profit attributable to owners of parent*

33、1 Suzuki Motor Corporation,2025.All rights reserved.14/17Operating profit+40.0Full Year ForecastFactors of Change in Operating ProfitCompared with Previous ForecastExcluding external factors:+15.00000Changein volumeChange inmix/price etc.Effect ofFX ratesChange in price ofraw materialsFixed cost,etc

34、.Depreciation expensesR&D expensesCost Reduction(Billions of yen)Change in volume,Change in volume,mix/price,etc.mix/price,etc.+15.0+15.0FY2024Previous ForecastFY2024New Forecast25/1-3 Assumed RateUS Dollar150 yenEuro155 yenIndian Rupee1.75 yen Suzuki Motor Corporation,2025.All rights reserved.15/17

35、Operating profit+96.2Full Year ForecastFactors of Change in Operating ProfitCompared with FY2023Excluding external factors:+96.2Changein volumeChange inmix/price etc.Effect ofFX ratesChange in price ofraw materialsIncrease of Fixed cost,etc.Increase ofdepreciation expensesIncrease of R&DexpensesCost

36、 Reduction(Billions of yen)Change in volume,mix/price,etc.+157.3FY2024New ForecastFY2023Results Suzuki Motor Corporation,2025.All rights reserved.16/171,011 1,020 1,017 156 105 104 2,097 2,189 2,180 0 0 674 722722 236 207213 1,971 1,995 1,991 286 320318 Europe3,265Japan3,244AsiaEuropeJapanOthers3,30

37、13,244OthersFull Year ForecastProduction and Sales Volume of AutomobilesAsiaProductionSales3,3153,168PreviousForecastFY2023 FY2024 FY2024(Thousand units)(Thousand units)3,3013,244YoY+36(+1.1%)vs Previous Forecast-13(-0.4%)YoY+76(+2.4%)vs Previous Forecast-0(-0.0%)Of whichCBUs:953 Of whichCBUs:959 Of

38、 whichCBUs:980 NewForecastNewForecastPreviousForecastFY2023 FY2024 FY2024ResultsResults Suzuki Motor Corporation,2025.All rights reserved.17/17101 91 92 4 3 3 1,726 1,817 1,796 83 92 Japan39 37 37 39 39 41 30 32 32 1,593 1,672 1,677 211 228 247 1,9122,008North America2,003JapanAsiaAsiaEuropeJapanOth

39、ersNorth America1,9922,035OthersFull Year ForecastProduction and Sales Volume of MotorcyclesProductionSales1,9141,9922,035YoY +78(+4.1%)vs Previous Forecast -11(-0.6%)YoY+123(+6.4%)vs Previous Forecast+27(+1.3%)(Thousand units)(Thousand units)PreviousForecastFY2023 FY2024 FY2024NewForecastJapanPrevi

40、ousForecastFY2023 FY2024 FY2024NewForecastResultsResults Suzuki Motor Corporation,2025.All rights reserved.Appendix Suzuki Motor Corporation,2025.All rights reserved.19FY24FY23ChangeFY24FY23ChangeFY24FY23ChangeFY24FY23ChangeFY24FY23ChangeFX ratesChange involumeJapan total1,056.6890.2+166.413.915.2-1

41、.32.52.6-0.18.68.5+0.11,081.5916.5+165.1+62.8Suzuki brand971.9 815.1+156.813.915.2-1.32.52.6-0.18.68.5+0.1996.9 841.4+155.5OEM84.775.1+9.584.775.1+9.5Overseas total2,843.82,585.5+258.2281.4250.8+30.577.081.3-4.23,202.22,917.6+284.6+160.2+40.6Europe432.5447.4-14.933.632.8+0.812.812.9-0.2478.8493.1-14

42、.3+30.1-53.5N.America0.30.4-0.129.334.3-5.039.442.5-3.169.077.3-8.2+4.1-5.8 Asia1,928.51,731.0+197.5159.7134.7+25.09.110.6-1.62,097.31,876.4+220.9+101.7+63.7India1,689.91,524.4+165.5107.586.7+20.80.90.6+0.31,798.3 1,611.7+186.6+88.4+56.7excl.India238.6206.6+32.052.248.1+4.18.210.0-1.8299.0264.7+34.3

43、+13.3+7.0Others482.4406.7+75.758.849.0+9.815.815.1+0.7557.0470.8+86.2+24.4+36.3Grand total3,900.43,475.7+424.6295.3266.0+29.279.583.8-4.38.68.5+0.14,283.7 3,834.1+449.6+160.2+103.4+143.0+13.4+3.8+160.2Factors of ChangeTotaleffect of FX rates（Billionsof yen）AutomobileMotorcycleMarineOthersFY2024 Thir

44、d Quarter ResultsRevenueNote:FY24:Apr.2024-Dec.2024 FY23:Apr.2023-Dec.2023 North America:United States and CanadaAutomobile in North America:Sales of parts and accessories Suzuki Motor Corporation,2025.All rights reserved.20(Billions of yen)Operating Profit+12.9Operating Profit-9.1Operating Profit+3

45、6.5YoYYoYMarginYoYYoYMarginJapan2,163.1+6%223.8+6%10.3%727.7+4%66.9-20%9.2%Europe595.8-11%8.3-52%1.4%173.9-24%0.0-97%0.0%Asia2,401.3+13%226.3+19%9.4%824.9+17%72.8+15%8.8%Others338.2+15%8.5-11%2.5%111.9+17%2.5+14%2.2%Eliminations-1,214.712.8-409.62.5Total4,283.7+12%479.7+29%11.2%1,428.7+12%144.8+9%10

46、.1%24/4-1224/10-12RevenueOperating profitRevenueOperating profitFY2024 Third Quarter ResultsOperating Results by Geographic Region/Factors of Change in Operating Profit JapanAsiaEuropeFY202323/4-12FY202323/4-12FY202323/4-12FY202424/4-12FY202424/4-12FY202424/4-12(Billions of yen)(Billions of yen)(Bil

47、lions of yen)Change inmix/priceetc.Effect ofFX ratesCost ReductionChange in price ofraw materialsIncrease of Fixed Cost,etc.Increase of depreciation expensesIncrease of R&D expensesChangein volumeChange inmix/priceetc.Effect ofFX ratesCost ReductionChange in price ofraw materialsIncrease of Fixed Co

48、st,etc.Increase of depreciation expensesDecrease of R&D expensesChangein volumeChange inmix/priceetc.Effect ofFX ratesCost ReductionChange in price ofraw materialsIncrease of Fixed Cost,etc.Increase of depreciation expensesChangein volume Suzuki Motor Corporation,2025.All rights reserved.21Rupees(Bi

49、llions of Rupees)*1Yen Conversion(Billions of yen)Net Sales1,062.7982.3+80.41,944.71,709.2+235.5Operating Profit*2111.693.5204.2162.6(Margin)(10.5%)(9.5%)(10.5%)(9.5%)Profit before taxes147.0123.2269.1214.3(Margin)(13.8%)(12.5%)(13.8%)(12.5%)Profit after taxes105.995.4193.8165.9(Margin)(10.0%)(9.7%)

50、(10.0%)(9.7%)FX rate1.83 yen1.74 yen+0.09 yenDomestic*31,3821,347+35Exports*3247204+43Total1,6301,551+78FY2023(23/4-12)Consoli-dated+18.1+41.6+23.9+54.7+10.5+27.9Whole-sales(Thousandunits)ChangeChangeFY2024(24/4-12)FY2024(24/4-12)FY2023(23/4-12)*4FY2024 Third Quarter ResultsHighlights of Maruti Suzu

51、ki India*1 Results shown in Rupees are consolidated results announced by Maruti Suzuki India on Jan.29.*2 Operating Profit is calculated by using the following formula:Operating Profit=Sales of product+Other operating revenues-Total Expenses+Finance costs*3 Domestic and exports include OEM units*4 R

52、esults for the same period of the previous fiscal year are recalculated based on the assumption that SMG is consolidated from the beginning of the previous fiscal year for comparison with the current fiscal year.Note.The above figures are for reference purpose only as financial results of Maruti Suz

53、uki India are based on IndAS(Indian IFRS).Suzuki Motor Corporation,2025.All rights reserved.22+8.6+187.6-2.4+252.3+98.5+236.9+146.5-35.9-188.8-102.0-107.2-22.3-110.5-252.0-34.7-28.9-17.2-0.4-60.8-39.9-55.3-27.4-1.2-104.4+145.1+76.2+126.4-105.6Operating C/FInvesting C/FFinancing C/FFree C/F(Billions

54、of yen)FY2024(IFRS)FY2023(J-GAAP)FY2024 Third Quarter ResultsCash Flows(Quarterly trends)*1 Including dividends paid to non-controlling interests*2 Monthly sales ratio is calculated based on the average monthly sales of the full-year sales for each fiscal year.1Q2Q3Q4Q1Q2Q3QFree C/F-27.4-1.2-104.4+1

55、45.1+76.2+126.4-105.6Financing C/F-34.7-28.9-17.2-0.4-60.8-39.9-55.3(of which divided payout)*1-24.5-20.3-26.8-0.2-32.4-30.1-38.5Effect of FX rate+29.9+3.1-12.8+20.3+19.8-31.3+19.0Net change in cash-32.2-27.0-134.4+165.0+35.2+55.2-141.9Cash balance+849.9+823.0+688.6+853.6+875.2+930.4+788.5Net cash+8

56、5.9+55.8-90.4+67.5+102.7+173.2+35.2(Monthly sales ratio*2)(0.2months)(0.1months)(-0.2months)(0.2months)(0.2months)(0.4months)(0.1months)FY2023（J-GAAP）FY2024（IFRS）Suzuki Motor Corporation,2025.All rights reserved.23FY2024 Third Quarter ResultsCapital Expenditures,etc.FY2024end of 24/12end of 23/12Cha

57、ngeend of 24/3Change Interest-Bearing Debt balance753.2 bln yen778.9 bln yen-25.6 bln yen785.9 bln yen-32.7 bln yen Consolidated Subsidiaries120117+3118+2 Entities accounted for using equity method3332+132+1 Employees74,21272,341+1,87172,372+1,840FY2023FY2023FY2024FY2023（24/4-12）（23/4-12）Capital Exp

58、enditures247.3207.240.2 Non-consolidated63.543.919.7 Subsidiaries183.8163.320.5(of which India*)139.4122.117.3Depreciation Expenses143.9132.211.7R&D Expenses180.2157.023.2（Billions of yen）Change*India is total of 6 subsidiaries(Maruti Suzuki India(Including SMG),SMIPL,TDSG,SRDI,Suzuki Digital,NBV).*

59、Leases,capex&amortization for intangible assets are not included in the results above.*Research and development activity related costs incurred during the reporting period are written.*Lease liabilities are not included in the results above.Suzuki Motor Corporation,2025.All rights reserved.24FY2024

60、Third Quarter ResultsForeign Exchange RatesExchangesensitivity*2Impact amount(yen)(yen)(yen)(%)(bln yen)(bln yen)Indian Rupee1.831.74+0.09+5.2%+3.3+17.3Euro165155+10+6.2%+1.9+11.5US Dollar153143+9+6.5%+1.1+7.2South African Rand8.417.67+0.74+9.6%+0.5+5.3Pakistan Rupee0.550.50+0.05+10.0%+0.3+3.3Austra

61、lian Dollar10194+7+6.9%+0.4+3.1Sterling Pound195180+16+8.9%+0.3+2.3Mexican Peso8.198.23-0.04-0.5%+0.7-0.3Others*1+0.8+4.0+9.4+53.7Effect of ForEX ratesin operating profitChangefrom FY2023Effect of FX rates totalFY2024(24/4-12)FY2023(23/4-12)*1 Others Of the impact amount+4.0 billion yen:Polish Zloty

62、+2.1 billion yen,Indonesian rupiah+0.5 billion yen,New Zealand Dollar+0.5 billion yen,etc.*2 Exchange sensitivity Represents the impact on operating profit when the rate of each currency increased by 1%yen from the previous third quarter Suzuki Motor Corporation,2025.All rights reserved.2525/1-25/3P

63、reviousForecastExchangesensitivity*1Impactamount(yen)(yen)(yen)(yen)(yen)(%)(bln yen)(bln yen)Indian Rupee1.811.751.761.76+0.05+2.8%+4.7+13.4Euro162155160157+6+3.6%+2.4+8.8US Dollar152150146145+7+5.1%+1.4+7.3South African Rand8.297.978.097.72+0.57+7.4%+0.6+4.8Pakistan Rupee0.550.540.530.51+0.04+7.8%

64、+0.4+2.8Australian Dollar99939895+4+4.0%+0.5+2.0Sterling Pound193185189182+11+6.1%+0.3+2.0Polish Zloty38363835+3+7.3%+0.3+1.9Mexican Peso7.977.317.928.35-0.38-4.6%+0.9-4.0+12.4+35.0Effect of FX rates in operating profitEffect of FX rates totalFY2024 ForecastFY2023Changefrom FY2023Full Year Forecast

65、Foreign Exchange Rates*1 Exchange sensitivity Represents the impact on operating profit when the rate of each currency increased by 1%yen from FY2023 Suzuki Motor Corporation,2025.All rights reserved.26Full Year ForecastCapital Expenditures,Depreciation Expenses,R&D Expenses(Billions of yen)FY2024FY

66、2023ChangeCapital Expenditures400.0321.5+78.5Depreciation Expenses200.0176.9+23.1R&D Expenses260.0232.0+28.0*Capital expenditures in the previous period are based on J-GAAP as IFRS data has not been compiled.*Leases,capex&amortization for intangible assets are not included in the results and forecas

67、t above.*Research and development activities related costs incurred during the reporting period are written.Suzuki Motor Corporation,2025.All rights reserved.27Major changes resulting from the adoption of IFRSItemJ-GAAPIFRSDetailDepreciation method fortangible propertyFixed rate depreciationFixed am

68、ount depreciationFor assets held at the transition date,changesare retrospectively applied going back to thetime of acquisition.Capitalization of R&Dexpense and softwareacquisition expenseExpensed as incurredDepreciation aftercapitalizationApplies to model development and softwareacquisition costs.V

69、aluation differences forcertain financial assetsRecognized in profit or loss ina lump sum upon saleRecognized in profit or lossquarterlyValuation differences of investment trusts heldby Maruti SuzukiFebruary 6,2025SUZUKI MOTOR CORPORATIONFY2024 Third Quarter Financial Resultse-ACCESSGIXXER SF 250ACC

70、ESSe VITARAThe forward-looking statements mentioned in this presentation are based on currently available information and assumptions,contain risks and uncertainty and do not constitute guarantees of future achievement.Please note that the future results may greatly vary by the changes of various factors.Those factors,which may influence the future results,include economic conditions and the trend of demand in major markets and the fluctuations of foreign exchange rates.Caution with respect to Forward-Looking StatementsEnglish translation from the original Japanese language document