Overview
Transportation Equipment

SUZUKI MOTOR CORPORATION

Suzuki Motor Corporation is a leading Japanese manufacturer of automobiles, motorcycles, outboard marine engines, and electric wheelchairs, with particular strength in compact and mini vehicles (kei cars). The company serves both domestic and international markets, with significant manufacturing and sales presence in India through Maruti Suzuki India Ltd., as well as operations across Europe, Southeast Asia, and the Americas. Suzuki's competitive strengths lie in its expertise in small, fuel-efficient vehicles and its dominant market position in the Indian passenger car segment.

Market Cap
¥3,996B
US$25.5B
EV
¥4,373B
US$27.9B
Stock¥2,071.5▲+1.52%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
4.7
x
LTM EV/EBIT
5.6
x
LTM PER
7.7
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-31.1%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
3,996BUS$25.5BMarket Cap792BUS$5.05B+ Debt1,007BUS$6.42B− Cash207BUS$1.32B− Inv. Sec.798BUS$5.09B+ NCI4,373BUS$27.9BEV
AI Briefing
Suzuki: dominant compact-car OEM globally, anchored by Maruti Suzuki's leadership in India's passenger car market. FY26/3 revenue ¥6,293B with OP margin easing to 9.9% from 11.0% a year earlier, as growth outpaces profitability. Toyota stake and scale in small vehicles underpin strategic relevance; no tender offer or control event in public data.
Performance & Balance
Revenue 5Y (¥B)
3,568US$22.8B'22/34,642US$29.6B'23/35,374US$34.3B'24/35,825US$37.2B'25/36,293US$40.1B'26/3
EBITDA 5Y (¥B)
353US$2.25B'22/3528US$3.37B'23/3695US$4.43B'24/3893US$5.69B'25/3901US$5.74B'26/3
Net Income 5Y (¥B)
160US$1.02B'22/3221US$1.41B'23/3268US$1.71B'24/3416US$2.65B'25/3439US$2.80B'26/3
Capital Structure
82%
18%
EquityD/E 0.22xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1,817US$11.6B666US$4.24B'22/32,004US$12.8B764US$4.87B'23/32,242US$14.3B1,022US$6.52B'24/3843US$5.37B758US$4.83B'25/3973US$6.21B788US$5.03B'26/3
Shareholders
Top 10 hold 42.8%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
15.08%
2
Custody Bank of Japan, Ltd. (Trust Account)
6.49%
3
TOYOTA MOTOR CORPORATION
4.98%
4
MUFG Bank, Ltd.
3.32%
5
The Chase Manhattan Bank, N.A., London, SL Omnibus Account (Standing Proxy: Mizuho Bank, Ltd., Settlement & Clearing Services Department)
3.01%
6
Resona Bank, Limited
2.69%
7
Shizuoka Bank, Ltd. (Standing Proxy: Japan Master Trust Bank, Ltd.)
2.40%
8
State Street Bank and Trust Company 505001 (Standing Proxy: Mizuho Bank, Ltd., Settlement & Clearing Services Department)
1.94%
9
JPMorgan Securities Japan Co., Ltd.
1.50%
10
State Street Bank and Trust Company 505223 (Standing Proxy: Mizuho Bank, Ltd., Settlement & Clearing Services Department)
1.40%
Management
14 officers
Toshihiro SUZUKI
Representative Director, President (Chairman of the Board)
Jan 1994 Joined the Company Apr 2000 General Manager, Iwata Plant, Production Division Apr 2001 Assigned to General Motors Corp. Apr 2003 General Manager, Product Planning Division, Four-Wheeler Technology Headquarters Jun 2003 Director of the Company Jun 2006 Director, Senior Managing Executive Officer Apr 2011 Director, Senior Managing Executive Officer; Member, Management Committee; General Manager, Management Planning Office Jun 2011 Representative Director, Executive Vice President Oct 2013 Representative Director, Executive Vice President; Assistant to the President; in charge of Overseas Sales Jun 2015 Representative Director, President Apr 2019 Representative Director, President; President, Motorcycle Company Jun 2020 Representative Director, President Jun 2021 Representative Director, President (Chairman of the Board) (current)
1959-03-01
Naoki ISHII
Representative Director, Vice President
Apr 1989 Joined Toyota Motor Corporation Oct 2020 Joined the Company; Executive Officer; Assistant to the President Apr 2021 Senior Managing Executive Officer Jun 2021 Senior Managing Executive Officer; Assistant to the President; General Manager, Management Planning Office Jan 2022 Senior Managing Executive Officer; Assistant to the President; in charge of Management Planning Office, Next-Generation Mobility Service HQ, EV Business HQ, Human Resources, General Affairs, Legal & IP HQ, Finance HQ and IT HQ; General Manager, Management Planning Office Apr 2022 Vice President Jun 2023 Representative Director, Vice President Apr 2026 Representative Director, Vice President; Assistant to the President; in charge of Management Planning HQ, Human Resources Development HQ, Legal & IP HQ, Finance HQ, IT HQ, Global Communications HQ, Global External Relations HQ and India Corporate Affairs (current)
1965-06-06
Katsuhiro KATO
Director, Vice President
Apr 1986 Joined the Company Apr 2012 General Manager, Four-Wheeler Engine No. 2 Design Department, Four-Wheeler Technology Headquarters May 2014 General Manager, Four-Wheeler Engine No. 1 Design Department, Four-Wheeler Technology Headquarters Jul 2015 Deputy General Manager, Customer Quality Assurance HQ; General Manager, Four-Wheeler Quality Survey Department Nov 2016 General Manager, Four-Wheeler Product & Cost Planning HQ; General Manager, Four-Wheeler Product & Cost Planning Department Jul 2017 Executive Officer Dec 2020 Executive Officer; General Manager, Customer Quality & Service HQ Oct 2021 Executive Officer; General Manager, Quality Assurance HQ; Chairman, Inspection Reform Committee Apr 2023 Senior Managing Executive Officer; in charge of Technology Management HQ, Four-Wheeler Vehicle Technology HQ, Four-Wheeler Powertrain Technology HQ and Four-Wheeler Electrical, Electronic & Electrification Technology HQ; General Manager, Four-Wheeler Powertrain Technology HQ Jan 2024 Senior Managing Executive Officer; Chief Technology Officer Jun 2024 Director, Senior Managing Executive Officer Apr 2025 Director, Vice President Apr 2026 Director, Vice President; Chief Technology Officer; in charge of Technology Strategy HQ, Battery Development HQ, Four-Wheeler Electric Technology HQ, Four-Wheeler Internal Combustion Powertrain Technology HQ, Four-Wheeler Electrical & Electronic Technology HQ, Four-Wheeler Body Technology HQ, Four-Wheeler Vehicle Dynamics Technology HQ, Regulatory & Certification HQ, Yokohama R&D Center and India Technology (current)
1964-01-20
Eiichi MURAMATSU
Director, Senior Managing Executive Officer
Apr 1984 Joined the Company Apr 2008 President, Suzuki Jihan Keiyo Co., Ltd. Apr 2012 General Manager, Central Japan Sales Department, Domestic Sales HQ; General Manager, Domestic Sales Promotion Department Feb 2015 President, Suzuki Jihan Gunma Co., Ltd. Apr 2017 President, Suzuki Jihan Chiba Co., Ltd. Apr 2022 In charge of Domestic Second Sales, Domestic Sales HQ; General Manager, Western Japan Sales Department Apr 2024 Managing Executive Officer; General Manager, Global Sales Management HQ Apr 2025 Senior Managing Executive Officer; in charge of Global Sales Management, Japan Sales HQ, India Business HQ, Four-Wheeler Europe, Middle East & Africa HQ, Four-Wheeler Asia, Latin America & Oceania HQ, Service HQ, Marine Business HQ, Motorcycle Business HQ and Parts & Accessories HQ Jun 2025 Director, Senior Managing Executive Officer Apr 2026 Director, Senior Managing Executive Officer; in charge of Global Sales Management, Japan Sales HQ, India Business HQ, Four-Wheeler Europe, Middle East & Africa HQ, Four-Wheeler Asia, Latin America & Oceania HQ, Service HQ, Parts & Accessories HQ and Global Financial Services HQ (current)
1962-01-26
Kazuo ICHINO
Director, Senior Managing Executive Officer
Apr 1989 Joined the Company Oct 2015 Plant Manager, Maruti Suzuki India Ltd., Manesar Plant (assigned to India) Jun 2019 Deputy General Manager, Production Division; General Manager, Painting & Body Assembly Production Engineering Department Oct 2020 Plant Manager, Kosai Plant, Production Division; in charge of Painting Plant Oct 2021 General Manager, Production Division; in charge of Painting Plant; Deputy Chairman, Inspection Reform Committee Apr 2022 Managing Executive Officer Apr 2025 Senior Managing Executive Officer; in charge of Quality Assurance HQ, Procurement Strategy HQ, Production Division and India Quality, Procurement & Production Apr 2026 Senior Managing Executive Officer; in charge of Quality Assurance HQ, Procurement Strategy HQ, Manufacturing HQ, Production Engineering HQ and India Quality, Procurement & Production (current) Jun 2026 Director, Senior Managing Executive Officer; in charge of Quality Assurance HQ, Procurement Strategy HQ, Manufacturing HQ, Production Engineering HQ and India Quality, Procurement & Production
1966-07-08
Hideaki DODO
Director
Apr 1972 Joined the Ministry of Foreign Affairs of Japan Aug 2003 Director-General, Middle Eastern and African Affairs Bureau, Ministry of Foreign Affairs Jun 2004 Ambassador Extraordinary and Plenipotentiary to the Islamic Republic of Iran Sep 2007 Ambassador Extraordinary and Plenipotentiary to India and Bhutan Feb 2011 Ambassador Extraordinary and Plenipotentiary in charge of Economic Diplomacy Apr 2012 Vice President, Japan International Cooperation Agency (JICA) Oct 2016 Senior Managing Executive Officer, Hotel Management International Co., Ltd. Jun 2017 Outside Audit & Supervisory Board Member, Konoike Transport Co., Ltd. Jun 2020 Outside Director of the Company (current)
1948-12-14
Shunichi EGUSA
Director
Apr 1985 Joined Toshiba Corporation Jul 2017 Director, Toshiba Infrastructure Systems & Solutions Corporation Apr 2019 General Manager, Battery Business Division, Toshiba Corporation Apr 2020 Executive Officer and Senior Vice President, Battery Business Division, Toshiba Corporation Apr 2021 Special Advisor, Toshiba Corporation Apr 2022 Visiting Senior Researcher / Visiting Professor, Institute for Future Innovation, Nano-Life Innovation Research Institute, Waseda University (current) Jun 2022 Outside Director of the Company (current)
1958-01-20
Naoko TAKAHASHI
Director
Sep 2000 Won the women's marathon at the 27th Olympic Games (Sydney 2000) Oct 2000 Awarded the People's Honour Award Jun 2013 Director, Japan Association of Athletics Federations Jun 2013 Director, Japanese Olympic Committee Nov 2018 Chairperson, General Incorporated Association Para Sports Promotion Network (current) Mar 2021 Director, Organizing Committee of the Tokyo Olympic and Paralympic Games Jun 2021 Managing Director, Japan Association of Athletics Federations Jun 2022 Outside Director, Starts Corporation Inc. (current) Jun 2023 Outside Director of the Company (current) Jun 2023 Director, Japan Para Sports Association (current)
1972-05-06
Asako AOYAMA
Director
Apr 1994 Joined Tohmatsu & Co. (currently Deloitte Touche Tohmatsu LLC) Apr 1997 Registered as Certified Public Accountant Sep 2001 Joined Merrill Lynch Japan Securities Co., Ltd. Oct 2004 Joined Coca-Cola (Japan) Company, Limited Mar 2011 Joined Tokyo Coca-Cola Bottling Co., Ltd. (currently Coca-Cola Bottlers Japan Inc.); Director and CFO Jul 2013 Managing Executive Officer; General Manager, Finance & Accounting Division, Coca-Cola East Japan Co., Ltd. May 2017 Executive Officer, Coca-Cola Bottlers Japan Inc. Jun 2018 Outside Audit & Supervisory Board Member, Taiyo Holdings Co., Ltd. Jan 2020 Joined NEC Corporation Jun 2020 Outside Director, Taiyo Holdings Co., Ltd. Apr 2022 Executive Officer, NEC Corporation Apr 2023 Corporate SVP, Head of FP&A and Head of Global Finance, NEC Corporation Jun 2025 Outside Director of the Company (current) Nov 2025 CFO, Electronic Components Business Company, TDK Corporation (current)
1972-03-14
Shigeo YAMAGISHI
Full-time Audit & Supervisory Board Member
Apr 1988 Joined the Ministry of Transport (currently Ministry of Land, Infrastructure, Transport and Tourism) Jun 2013 Joined the Company; Deputy General Manager, Development Division; General Manager, Development Planning Department May 2014 Deputy General Manager, Development & IT Division; General Manager, Elemental Technology Development Department Apr 2016 General Manager, Technology Management Division Jul 2017 Executive Officer Jan 2024 Executive Officer; assigned to Audit Division Jun 2024 Full-time Audit & Supervisory Board Member (current)
1964-01-26
Ryo KAWAMURA
Full-time Audit & Supervisory Board Member
Apr 1985 Joined the Company Jul 2012 Manager, Domestic Dealer Section, Audit Department Nov 2016 General Manager, Finance Department, Finance Division Sep 2019 General Manager, Finance Division Apr 2022 Executive Officer Apr 2026 Executive Officer; assigned to Finance Division (current) Jun 2026 Full-time Audit & Supervisory Board Member
1963-03-31
Mitsuhiro FUKUDA
Audit & Supervisory Board Member
Jul 1996 Associate Professor, Faculty of Engineering, Shizuoka University (currently National University Corporation Shizuoka University) Apr 2009 Professor, Faculty of Engineering, National University Corporation Shizuoka University (current) Apr 2021 Vice Dean, Faculty of Engineering, National University Corporation Shizuoka University Jun 2022 Outside Audit & Supervisory Board Member of the Company (current) Apr 2023 Dean, Faculty of Engineering, National University Corporation Shizuoka University (current)
1962-02-13
Junko KITO
Audit & Supervisory Board Member
Oct 1990 Joined Ito Accounting Office, Audit Corporation Mar 1994 Registered as Certified Public Accountant Jun 2004 Partner, Chuo Aoyama PricewaterhouseCoopers Aug 2007 Partner, Azsa LLC (currently Ernst & Young ShinNihon LLC) Oct 2022 Established Junko Kito CPA Office (current) Jun 2023 Statutory Auditor (non-staff), Gifu Shinkin Bank (current) Sep 2023 Outside Director (Audit and Supervisory Committee Member), Alpen Co., Ltd. (current) Apr 2024 Outside Director (Audit and Supervisory Committee Member), CrossPlus Inc. (current) Jun 2024 Outside Audit & Supervisory Board Member of the Company (current)
1964-10-26
Naomi MURAMATSU
Audit & Supervisory Board Member
Oct 2002 Registered as Attorney at Law Oct 2002 Joined Ishizuka & Muramatsu Law Office (current) Feb 2011 Outside Audit & Supervisory Board Member, Sala Corporation Feb 2020 Outside Director (Audit and Supervisory Committee Member), Sala Corporation Jun 2022 Outside Director (Audit and Supervisory Committee Member), Enshu Ltd. (current) Jun 2023 Outside Director, Kawai Musical Instruments Manufacturing Co., Ltd. (current) Dec 2024 Outside Director (Audit and Supervisory Committee Member), Pi Photonics Inc. (current) Apr 2025 President, Shizuoka Bar Association Jun 2026 Outside Audit & Supervisory Board Member of the Company
1972-07-20
Large Shareholding Reports
BlackRock Fund Advisors
2026-10-21
1.72%→1.97%
BlackRock Fund Advisors
2025-12-18
1.26%→1.72%
MUFG Bank, Ltd.
2025-11-04
3.26%→3.26%
Annual report (as of 2026-03-31): 3.32%
J.P. Morgan Investment Management Inc.
2025-10-20
1.53%→1.51%
J.P. Morgan Investment Management Inc.
2025-10-03
1.53%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
2.49%→2.51%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-21
Large Shareholding Report
EDINETAmended
2026-08-25
Amended Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-08-05
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-05
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-18
Large Shareholding Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-11-04
Large Shareholding Report
EDINET
2025-10-20
Large Shareholding Report
EDINET
2025-10-03
Large Shareholding Report
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-05
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-04-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2025-02-20
中期経営計画
TDnet
2025-02-06
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-06
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
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