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30 SUZUKI MOTOR CORPORATION
Management discussion and analysis
(5)Forecastsforthenextscalyear
As for the next scal year, by closely looking at the impact of recoil reduction of last-minute demand due to increase in consump-
tion tax rate in Japan, and economic trends in emerging Asian markets such as India, Indonesia, and Thailand in overseas, The
Group will work as one to reform in every eld to accomplish more than the below forecasts for the consolidated operation by
developing the business activity.
(Forecasts for the consolidated operating results-First Half)
Net Sales ¥1,400.0 billion (up 2.2% year-on-year)
Operating income ¥91.0 billion (up 0.8% year-on-year)
Net income ¥55.0 billion (up 6.5% year-on-year)
(Forecasts for the consolidated operating results-Full Year)
Net Sales ¥3,000.0 billion (up 2.1% year-on-year)
Operating income ¥188.0 billion (up 0.1% year-on-year)
Net income ¥115.0 billion (up 7.0% year-on-year)
Foreign exchange rates 100 yen/US$, 135yen/Euro, 1.65yen/Indian Rupee
0.85yen/100Indonesian Rupiah, 3.10yen/Thai Baht
* The forecasts for next scal year mentioned above are based on currently available information and assumptions, contain
risks and uncertainty, and do not constitute guarantees of future achievement. Please note that the actual results may greatly
vary by the changes of various factors. Those factors, which may inuence the actual results, include economic conditions
and the trend of demand in major markets and the uctuation of foreign exchange rate (mainly US dollar/Yen rate, Euro/Yen
rate and Indian Rupee/Yen rate).
2. Liquidity and capital resources
(1)Cashow
Cash ow provided by operating activities for FY2013 amounted to ¥322.9 billion (¥190.1 billion was provided in the previous s-
cal year), and ¥286.6 billion was used for the acquisition of property, plant and equipment etc. in the investment activities (¥210.6
billion was used in the previous scal year). As a result, free cash ow amounted to ¥36.3 billion of positive (¥20.5 billion of nega-
tive for the previous scal year). In nancing activities, ¥2.8 billion was provided by net increase of short term loan and others (¥33.6
billion was used in the previous scal year).
As a result, the balance of cash and cash equivalents at the end of FY2013 amounted to ¥710.6 billion and increased by ¥49.5
billion from the end of previous scal year.
(2) Demand for money
During the current consolidated scal year, The Company and consolidated subsidiaries invested a total ¥213.6 billion of capital
expenditures on various areas such as development of new model and research & development.
Capital expenditure project for the next scal year is ¥230.0 billion. The required fund will be covered mainly by our own funds.
3. Signicantaccountingpolicies
For information regarding signicant accounting policies, please refer to the Notes to Consolidated Financial Statements.
* An amount less than 100 million yen has been rounded off in “Management discussion and analysis” section.