Interim report
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[ English translation from the original Japanese language document ] Consolidated Financial Summary for the First Three Months Ended June 30 , 2026 [ IFRS ] Listings Tokyo Stock Exchange URL : https://www.globalsuzuki.com Company Name Securities code : SUZUKI MOTOR CORPORATION : 7269 Representative Inquiries : Toshihiro Suzuki , President : Masaharu Oishi , Executive General Manager , Finance TEL + 81-53-440-2032 Start of Payment of Cash Dividends August 5 , 2026 Preparation of Supplemental Explanation Materials Holding of Presentation Meeting on Financial Results : Yes : Yes ( Amounts less than one million yen are rounded down ) 1. Consolidated Operating Results for FY2026 first three months ( April 1 - June 30 , 2026 ) ( 1 ) Consolidated Management Results FY2026 first three months FY2025 first three months Revenue ( Percentage indicates change from the same period of the previous fiscal year ) Profit attributable to owners of parent Operating profit Profit before tax Profit Millions of Yen % Millions of Yen 1,705,769 22.0 | 158,010 % Millions of Yen 11.2 283,201 % Millions of Yen 61.2 202,883 % Millions of Yen 56.8 183,607 Comprehensive income % % Millions of Yen 80.0 239,206 220.0 1,397,770 ( 4.1 ) 142,136 ( 9.8 ) 175,727 ( 7.3 ) 129,423 ( 8.8 ) 102,025 ( 10.7 ) Earnings per share attributable Earnings per share attributable 74,740 ( 74.0 ) FY2026 first three months FY2025 first three months to owners of parent , Basic Yen 95.17 52.88 ( 2 ) Consolidated Financial Position FY2026 first quarter FY2025 2. Cash Dividends FY2025 FY2026 FY2026 ( Forecast ) to owners of parent , Diluted Yen 95.16 52.88 Total assets Total equity Equity attributable to owners of parent Ratio of equity attributable to owners of parent to total assets Millions of Yen 6,798,353 Millions of Yen 4,337,108 6,636,815 4,153,109 Millions of Yen 3,539,267 3,382,083 % 52.1 51.0 First quarter Second quarter Cash dividends per share Third quarter Year - end Annual Yen Yen Yen 22.00 Yen 24.00 Yen 46.00 25.00 26.00 51.00 [ Note ] Revision of the latest forecasts of cash dividends announced : None 3. Forecasts for Consolidated Operating Results of FY2026 ( April 1 , 2026 - March 31 , 2027 ) ( Percentage indicates change from the previous fiscal year ) Profit attributable to Revenue Operating profit Profit before tax owners of parent Earnings per share attributable to owners of parent , Basic Millions of Yen % Millions of Yen % Millions of Yen % Millions of Yen % Yen 6,900,000 9.6 540,000 Full year [ Note ] Revisions of the latest forecasts for consolidated operating results announced : Yes 420,000 ( 13.3 ) 720,000 ( 1.5 ) ( 4.4 ) 217.69
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* Notes (1) Significant changes in the scope of consolidation during the period : None (2) Changes in accounting principles and changes in accounting estimates 1) Changes in accounting principles required by IFRS : None 2) Changes in accounting principles other than 1) : None 3) Changes in accounting estimates : None (3) Number of outstanding shares (common stock) (Shares) 1) Number of outstanding shares at the end of period (including treasury shares) FY2026 Q1 1,964,586,400 FY2025 1,964,586,400 2) Number of treasury shares at the end of period FY2026 Q1 35,312,654 FY2025 35,312,503 3) Average number of outstanding shares during period (First three months) FY2026 Q1 1,929,273,820 FY2025 Q1 1,929,275,004 * Review of the quarterly consolidated financial statements by a certified public accountant or audit firm : None * Explanation regarding the appropriate use of forecasts for operating results, other information (Cautions for Forward-looking Statement) The forward-looking statements 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 geopolitical risk, economic conditions and the trend of demand in major markets, and the fluctuations of foreign exchange rates. (Financial Results Supplementary Explanatory Materials) Financial Results Supplementary Explanatory Materials are available on our website (https://www.globalsuzuki.com) on August 5, 2026.
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1 [Attachment] Table of Contents 1. Summary of Management Results, etc. ....................................................................................................... 2 (1) Explanation regarding management results ....................................................................................................................... 2 (2) Explanation regarding financial positions............................................................................................................................ 2 (3) Explanation regarding cash flows.......................................................................................................................................... 2 (4) Explanation regarding future forecasts such as forecasts for consolidated operating results ............................. 3 2. Condensed Quarterly Consolidated Financial Statements and Significant Notes ...................................... 4 (1) Condensed Quarterly Consolidated Statement of Financial Position.......................................................................... 4 (2) Condensed Quarterly Consolidated Statement of Income and Condensed Quarterly Consolidated Statement of Comprehensive Income ............................................................. 6 Condensed Quarterly Consolidated Statement of Income ........................................................................................... 6 Condensed Quarterly Consolidated Statement of Comprehensive Income ............................................................. 6 (3) Condensed Quarterly Consolidated Statement of Changes in Equity ......................................................................... 7 (4) Condensed Quarterly Consolidated Statement of Cash Flows ..................................................................................... 8 (5) Notes to Condensed Quarterly Consolidated Financial Statements ........................................................................... 9 (Assumption for Going Concern) ........................................................................................................................................... 9 (Segment Information)............................................................................................................................................................. 9
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2 1. Summary of Management Results, etc. (1) Explanation regarding management results Regarding the management results for the first three months ended June 30, 2026, despite headwinds from soaring raw material prices caused by the Middle East situation, driven by activities to improve profitability such as foreign exchange effects, increased unit sales, improvement in product mix, and cost reductions, revenue increased by ¥308.0 billion (22.0%) year-on-year (YoY) to ¥1,705.8 billion, and operating profit increased by ¥15.9 billion (11.2%) YoY to ¥158.0 billion. Mainly due to gain on valuation of financial assets and other factors, profit before tax increased by ¥107.5 billion (61.2%) YoY to ¥283.2 billion. Profit attributable to owners of parent increased by ¥81.6 billion (80.0%) YoY to ¥183.6 billion. Operating results by Segment are as outlined below: 1) Automobile Business Revenue increased by ¥283.9 billion (22.6%) YoY to ¥1,541.7 billion. Operating profit increased by ¥14.9 billion (12.5%) YoY to ¥134.3 billion. In the first three months, total unit sales increased because unit sales in India, which has remained strong since last year's GST revision, and Pakistan, where demand is robust, increased. 2) Motorcycle Business Revenue was ¥124.4 billion, an increase of ¥19.6 billion (18.7%) YoY. Operating profit increased by ¥1.7 billion (13.1%) YoY to ¥14.4 billion because unit sales in India, and Latin America remained strong, and unit sales in Europe also increased. 3) Marine Business Revenue increased by ¥5.0 billion (15.6%) YoY to ¥36.8 billion. Operating profit decreased by ¥0.6 billion (6.8%) YoY to ¥8.5 billion. 4) Other Business Revenue decreased by ¥0.5 billion (14.1%) YoY to ¥2.8 billion. Operating profit decreased by ¥0.1 billion (7.3%) YoY to ¥0.7 billion. (2) Explanation regarding financial positions With respect to the financial positions at the end of the current quarterly consolidated fiscal year, total assets were ¥6,798.4 billion (increased by ¥161.5 billion from the end of the previous consolidated fiscal year). Total liabilities were ¥2,461.2 billion (decreased by ¥22.5 billion from the end of the previous consolidated fiscal year). As for the borrowings, we intend to maintain the current borrowing level for the time being due to the unstable global situation. Total equity was ¥4,337.1 billion (increased by ¥184.0 billion from the end of the previous consolidated fiscal year). As a result, ratio of equity attributable to owners of parent to total assets was 52.1% (51.0% at the end of the previous consolidated fiscal year). (3) Explanation regarding cash flows The balance of cash and cash equivalents at the end of the current quarterly consolidated fiscal year was ¥1,006.6 billion (increased by ¥33.4 billion from the end of the previous consolidated fiscal year). 1) Cash flows from operating activities Net cash provided by operating activities for the three months ended June 30, 2026 was ¥86.4 billion (¥64.0 billion was provided for the same period of the previous fiscal year). This was mainly due to profit before tax of ¥283.2 billion. 2) Cash flows from investing activities Net cash used in investing activities for the three months ended June 30, 2026 was ¥4.4 billion (¥27.3 billion was used for the same period of the previous fiscal year). This was mainly due to purchase of property, plant and equipment and other assets of ¥142.4 billion. 3) Cash flows from financing activities Net cash used in financing activities for the three months ended June 30, 2026 was ¥54.8 billion (¥34.1 billion was used for the same period of the previous fiscal year). This was mainly due to dividends paid to owners of parent of ¥46.3 billion.
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3 (4) Explanation regarding future forecasts such as forecasts for consolidated operating results Regarding the forecasts for consolidated operating results, the Group has revised the forecasts announced on May 14, 2026. In addition to revising the foreign exchange assumptions toward a weaker yen, as global sales remain strong, revenue is expected to increase by ¥100.0 billion from the previous forecast to ¥6,900.0 billion. While we expect operating profit to increase by ¥10.0 billion due to foreign exchange effects and by ¥70.0 billion from business activities due to strengthening our earnings base, including increased unit sales, improvement in product mix, cost reductions, and fixed cost savings, resulting in a total increase of ¥80.0 billion, operating profit is expected to decrease by ¥30.0 billion from the previous forecast to ¥540.0 billion, as these increases will be more than offset by the impact of rising raw material prices caused by the Middle East situation. Although future operating results may fluctuate depending on trends in international situations including the Middle East, raw material prices, and foreign exchange rates, we will further accelerate our initiatives to strengthen our earnings base. Forecasts for Consolidated Operating Results of FY2026 (April 1, 2026 – March 31, 2027) Revenue Operating profit Profit before tax Profit attributable to owners of parent Earnings per share attributable to owners of parent, Basic Millions of Yen Millions of Yen Millions of Yen Millions of Yen Yen Previous Forecast (A) 6,800,000 570,000 660,000 380,000 196.97 Revised Forecast (B) 6,900,000 540,000 720,000 420,000 217.69 Change (B-A) 100,000 (30,000) 60,000 40,000 20.73 Change (%) 1.5 (5.3) 9.1 10.5 10.5 Previous results 6,292,967 622,909 730,744 439,267 227.69
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4 2. Condensed Quarterly Consolidated Financial Statements and Significant Notes (1) Condensed Quarterly Consolidated Statement of Financial Position (Millions of Yen) FY2025 (As of March 31, 2026) FY2026 first quarter (As of June 30, 2026) Assets Current assets Cash and cash equivalents 973,291 1,006,644 Trade and other receivables 612,892 612,022 Inventories 692,677 680,807 Income taxes receivable 15,764 20,351 Other financial assets 414,319 230,488 Other current assets 196,123 233,326 Subtotal 2,905,069 2,783,641 Assets held for sale 8,026 － Total current assets 2,913,096 2,783,641 Non-current assets Property, plant and equipment 1,802,113 1,821,152 Right-of-use assets 57,684 125,905 Intangible assets 185,449 181,112 Investments accounted for using equity method 141,790 142,786 Other financial assets 1,423,447 1,630,931 Deferred tax assets 71,228 70,948 Other non-current assets 42,005 41,875 Total non-current assets 3,723,719 4,014,712 Total assets 6,636,815 6,798,353
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5 (Millions of Yen) FY2025 (As of March 31, 2026) FY2026 first quarter (As of June 30, 2026) Liabilities and equity Liabilities Current liabilities Trade and other payables 538,288 507,152 Bonds and borrowings 263,394 186,005 Income taxes payable 66,375 65,614 Other financial liabilities 85,073 90,624 Provisions 134,298 132,679 Other current liabilities 589,472 559,366 Total current liabilities 1,676,902 1,541,441 Non-current liabilities Bonds and borrowings 485,229 566,405 Other financial liabilities 60,437 60,422 Retirement benefit liability 49,608 45,932 Provisions 27,607 27,529 Deferred tax liabilities 126,801 161,176 Other non-current liabilities 57,117 58,337 Total non-current liabilities 806,803 919,803 Total liabilities 2,483,705 2,461,244 Equity Equity attributable to owners of parent Share capital 138,370 138,370 Capital surplus 46,864 40,219 Retained earnings 2,986,707 3,122,827 Treasury shares (39,168) (39,169) Other components of equity 249,310 277,019 Total equity attributable to owners of parent 3,382,083 3,539,267 Non-controlling interests 771,025 797,840 Total equity 4,153,109 4,337,108 Total liabilities and equity 6,636,815 6,798,353
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6 (2) Condensed Quarterly Consolidated Statement of Income and Condensed Quarterly Consolidated Statement of Comprehensive Income [Condensed Quarterly Consolidated Statement of Income] (Millions of Yen) FY2025 first three months (April 1 – June 30, 2025) FY2026 first three months (April 1 – June 30, 2026) Revenue 1,397,770 1,705,769 Cost of sales (1,035,077) (1,305,068) Gross profit 362,693 400,701 Selling, general and administrative expenses (226,297) (260,137) Other income 7,166 20,055 Other expenses (1,426) (2,608) Operating profit 142,136 158,010 Finance income 37,318 130,657 Finance costs (5,554) (6,463) Share of profit (loss) of investments accounted for using equity method 1,826 996 Profit before tax 175,727 283,201 Income tax expense (46,304) (80,318) Profit 129,423 202,883 Profit attributable to Owners of parent 102,025 183,607 Non-controlling interests 27,397 19,275 Profit 129,423 202,883 Earnings per share attributable to owners of parent Basic (Yen) 52.88 95.17 Diluted (Yen) 52.88 95.16 [Condensed Quarterly Consolidated Statement of Comprehensive Income] (Millions of Yen) FY2025 first three months (April 1 – June 30, 2025) FY2026 first three months (April 1- June 30, 2026) Profit 129,423 202,883 Other comprehensive income Items that will not be reclassified to profit or loss Remeasurements of defined benefit plans (1,416) (1,578) Financial assets measured at fair value through other comprehensive income 2,937 5,297 Share of other comprehensive income of investments accounted for using equity method － 0 Items that may be reclassified to profit or loss Exchange differences on translation of foreign operations (54,972) 31,194 Share of other comprehensive income of investments accounted for using equity method (1,231) 1,410 Total other comprehensive income (54,682) 36,323 Comprehensive income 74,740 239,206 Comprehensive income attributable to Owners of parent 68,698 210,140 Non-controlling interests 6,041 29,066 Comprehensive income 74,740 239,206
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7 (3) Condensed Quarterly Consolidated Statement of Changes in Equity FY2025 first three months (April 1 – June 30, 2025) (Millions of Yen) Equity attributable to owners of parent Non- controlling interests Total equity Share capital Capital surplus Retained earnings Treasury shares Other components of equity Total As of April 1, 2025 138,370 59,013 2,619,684 (39,166) 192,758 2,970,660 717,410 3,688,070 Comprehensive income Profit 102,025 102,025 27,397 129,423 Other comprehensive income (33,326) (33,326) (21,356) (54,682) Total comprehensive income － － 102,025 － (33,326) 68,698 6,041 74,740 Transfer to retained earnings (1,112) 1,112 － － Transactions with owners Dividends of surplus (40,522) (40,522) (70) (40,592) Purchase of treasury shares (0) (0) (0) Purchase of shares of consolidated subsidiaries (6) (6) (23) (29) Other － (27) (27) Total transactions with owners － (6) (40,522) (0) － (40,529) (120) (40,649) As of June 30, 2025 138,370 59,006 2,680,075 (39,166) 160,544 2,998,830 723,331 3,722,161 FY2026 first three months (April 1 – June 30, 2026) (Millions of Yen) Equity attributable to owners of parent Non- controlling interests Total equity Share capital Capital surplus Retained earnings Treasury shares Other components of equity Total As of April 1, 2026 138,370 46,864 2,986,707 (39,168) 249,310 3,382,083 771,025 4,153,109 Comprehensive income Profit 183,607 183,607 19,275 202,883 Other comprehensive income 26,532 26,532 9,790 36,323 Total comprehensive income － － 183,607 － 26,532 210,140 29,066 239,206 Transfer to retained earnings (1,175) 1,175 － － Transactions with owners Dividends of surplus (46,311) (46,311) (51) (46,362) Purchase of treasury shares (0) (0) (0) Purchase of shares of consolidated subsidiaries (6,716) (6,716) (2,199) (8,915) Share-based payment transactions 71 71 71 Total transactions with owners － (6,644) (46,311) (0) － (52,956) (2,250) (55,207) As of June 30, 2026 138,370 40,219 3,122,827 (39,169) 277,019 3,539,267 797,840 4,337,108
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8 (4) Condensed Quarterly Consolidated Statement of Cash Flows (Millions of Yen) FY2025 first three months (April 1 – June 30, 2025) FY2026 first three months (April 1 – June 30, 2026) Cash flows from operating activities Profit before tax 175,727 283,201 Depreciation and amortization 64,140 74,205 Finance costs (income) (35,228) (125,212) Share of loss (profit) of investments accounted for using equity method (1,826) (996) Decrease (increase) in inventories (8,632) 20,462 Decrease (increase) in trade and other receivables (8,010) 3,095 Increase (decrease) in trade and other payables (41,491) (37,552) Increase (decrease) in liabilities related to provisions and employee benefits 13,663 2,099 Other (64,137) (88,631) Subtotal 94,204 130,671 Dividends received 2,664 3,004 Interest received 8,126 6,224 Interest paid (2,622) (3,969) Income taxes paid (38,390) (49,501) Net cash provided by (used in) operating activities 63,983 86,430 Cash flows from investing activities Net decrease (increase) in time deposits 10,029 17,373 Purchase of property, plant and equipment and other assets (100,795) (142,382) Proceeds from sale of property, plant and equipment and other assets 1,406 23,352 Purchase of intangible assets and expenditure on internally generated intangible assets (8,465) (5,478) Proceeds from sale of intangible assets 58 38 Payments for loans receivable (77) (935) Collection of loans receivable 167 1,089 Purchase of other financial assets (379,979) (453,824) Proceeds from sale or collection of other financial assets 450,319 556,401 Net cash provided by (used in) investing activities (27,337) (4,363) Cash flows from financing activities Net increase (decrease) in short-term borrowings (11,957) (6,721) Proceeds from long-term borrowings 63,949 121,500 Repayments of long-term borrowings (41,952) (111,204) Repayments of lease liabilities (3,522) (3,126) Purchase of treasury shares (0) － Dividends paid to owners of parent (40,526) (46,321) Dividends paid to non-controlling interests (66) (55) Purchase of shares of subsidiaries not resulting in change in scope of consolidation (29) (8,915) Net cash provided by (used in) financing activities (34,106) (54,845) Effect of exchange rate changes on cash and cash equivalents 4,028 6,131 Net increase (decrease) in cash and cash equivalents 6,568 33,353 Cash and cash equivalents at beginning of period 842,710 973,291 Cash and cash equivalents at end of period 849,278 1,006,644
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9 (5) Notes to Condensed Quarterly Consolidated Financial Statements (Assumption for Going Concern) None (Segment Information) 1. Outline of Reportable Segment The reportable segment of the Group are the components of the Group business for which discrete financial information is available, and whose operating results are regularly reviewed by our decision-making body such as Board of Directors to make decisions about resources to be allocated to the segment and to assess its performance. The Group has four reportable segments of “Automobile business”, “Motorcycle business”, “Marine business” and “Other business” based on the form of management organization and nature of products and services. Main products and services of each segment are as follows: Segment Main products and services Automobile business Mini vehicles, Sub-compact vehicles, Standard-sized vehicles Motorcycle business Motorcycles, All terrain vehicles Marine business Outboard motors Other business Motorized wheelchairs, Solar power generation, Real estate 2. Information about Reportable Segment Information by reportable segment for the Group is as follows. FY2025 first three months (April 1 – June 30, 2025) (Millions of Yen) Reportable Segment Total Automobile business Motorcycle business Marine business Other business Total Adjustment Revenue Revenue from external customers 1,257,837 104,795 31,872 3,264 1,397,770 － 1,397,770 Total 1,257,837 104,795 31,872 3,264 1,397,770 － 1,397,770 Operating profit 119,446 12,761 9,166 762 142,136 － 142,136 Finance income 37,318 Finance costs (5,554) Share of profit (loss) of investments accounted for using equity method 1,826 Profit before tax 175,727 FY2026 first three months (April 1 – June 30, 2026) (Millions of Yen) Reportable Segment Total Automobile business Motorcycle business Marine business Other business Total Adjustment Revenue Revenue from external customers 1,541,689 124,431 36,846 2,802 1,705,769 － 1,705,769 Total 1,541,689 124,431 36,846 2,802 1,705,769 － 1,705,769 Operating profit 134,322 14,436 8,544 706 158,010 － 158,010 Finance income 130,657 Finance costs (6,463) Share of profit (loss) of investments accounted for using equity method 996 Profit before tax 283,201