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SIGN OF THE TIMES FROM SUZUKI?

It appears that Suzuki Motor Corporation beancounters are desperately seeking to revise the company’s annual perfomance statement through to 31 March 2020. BDN financial editor Roger Willis reports.

Until a few days ago, Suzuki’s corporate investor relations calendar was promising to deliver full-year results to shareholders on 13 May. However, that date has now abruptly disappeared, to be replaced by TBD (to be determined).

It’s a reasonable assumption that coronavirus chaos is to blame, particularly in relation to a heavy dependence on revenue and profit from the Indian sub-continent. Maruti Suzuki is India’s largest car manufacturer. And the wholly-owned Suzuki motorcycle and scooter manufacturing subsidiary there was slated to have made and sold approaching a million bikes in the past 12 months. But that was before both were obliged to cease production and sales suddenly, by Indian government lockdown orders, during their final quarter.

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