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32 SUZUKI MOTOR CORPORATION
Management Discussion and Analysis
(5)Forecastsforthenextscalyear
As for the next scal year, although the decrease in the demand of minicars in Japan is expected, the Company forecasts in-
crease in sales and income compared to this scal year mainly owing to the increase in the overseas sales including India. The
Group will work as one to reform in every eld to accomplish the below forecasts for the consolidated operation by pursuing the
business activity.
(Forecasts for the consolidated operating results-First Half)
Net sales ¥1,500.0 billion (up 4.8% year-on-year)
Operating income ¥91.0 billion (up 0.5% year-on-year)
Net income attributable to ¥55.0 billion (up 2.0% year-on-year)
owners of the parent
(Forecasts for the consolidated operating results-Full Year)
Net sales ¥3,100.0 billion (up 2.8% year-on-year)
Operating income ¥190.0 billion (up 5.9% year-on-year)
Net income attributable to ¥110.0 billion (up 13.6% year-on-year)
owners of the parent
Foreign exchange rates 115yen/US$, 125yen/Euro, 1.85yen/Indian Rupee
0.90yen/100Indonesian Rupiah, 3.50yen / 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 FY2014 amounted to ¥255.0 billion (¥322.9 billion was provided in the previous
scal year), and ¥120.9 billion was used for the acquisition of property, plant and equipment etc. and others in the investment
activities (¥286.6 billion was used in the previous scal year). As a result, free cash ow amounted to ¥134.1 billion of positive (¥36.3
billion of positive for the previous scal year). In nancing activities, ¥84.5 billion was provided by net increase of long term loan
and others (¥2.8 billion was provided in the previous scal year).
As a result, the balance of cash and cash equivalents at the end of FY2014 amounted to ¥932.3 billion and increased by ¥221.7
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 ¥194.5 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 ¥180.0 billion. The required fund will be covered mainly by our own funds
and external nancing if necessary.
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.