It's November and Suzuki just released its Q2 2024 financial report. If you're interested in the health of the motorcycle industry overall, the news here is strong and good, both regarding financial health and sales numbers.
How good is it? Overall, Suzuki's Q1 and Q2 of 2024 have been strong enough that the company felt compelled to adjust its forecast for the full FY2024 upward. If trends continue for the second half of the year as they've been for the first half, Suzuki forecasts a 4.5 percent increase in revenues, a 10.4 percent rise in profits, and a 4.9 percent rise in global motorcycle sales. Not too shabby, wouldn't you say?
One note here: Suzuki, like some other OEMs, records its financial data according to fiscal years that are not congruent with calendar years. Instead, Suzuki's fiscal years have a Q1 that starts on April 1 each year, and a Q4 that ends on March 31. That's why Suzuki's most recent financial report at the time of writing is its Q2 report.
