News & Profile | NewsRelease | Subaru Corporation

Reference for the First Half of FY(01/4-01/9) Non-Consolidated Financial Results

November 21, 2001

(in 100 millions of yen)
(in thousands of units)

RESULTS
1st HALF of FY

00/4-00/9

RESULTS
1st HALF of FY

01/4-01/9

FORECAST
FY

01/4�|02/3

FORECAST
FY
�iMay 2001�j
01/4�|02/3

Net Sales
Domestic
Overseas

4,382
2,480
1,902

2.3%
3.1%

8.5%

4,531
2,289
2,242

3.4%

7.7%
17.8%

9,200
4,873
4,327

0.3%

7.7%
9.6%

9,600
5,400
4,200

4.0%
2.2%
6.4%

Margin Percentage

Operating income

5.3%
	233


	22.0%

6.9%
	312


	33.8%

5.8%
	530


	6.1%

7.0%
	670


	18.8%

Margin Percentage

Ordinary income

5.0%
	220


	46.2%

6.8%
	307


	39.4%

5.7%
	520


	4.6%

6.7%
	640


	17.5%

Margin Percentage

Net income

3.0%
	132


	37.5%

2.8%
	128


	2.4%

2.7%
	250


	17.5%

3.4%
	330


	8.9%

Factors of change
in operating income

Gain factors
Foreign exchange	160
Reduction in cost	100
Increase in other incomes and other factors	10

Loss factors
Decrease in sales volumes	59
Increase in R&D expenses	57
Decrease in sales volume	50
Portion for specifiation improvements in safety and other areas and other factors	25

Gain factors
Foreign exchange	250
Reduction in cost	150


Loss factors
Decrease in sales volume	130
Increase in sales administrative expense	120
Portion for specifiation improvements in safety and other areas	94
Increase in R&D expenses	90

Gain factors
Reduction in cost	150
Foreign exchange	140
Increase in overseas sales	50


Loss factors
Portion for specifiation improvements in safety and other areas	100
Increase in R&D expenses and other factors	76
Increase in sales administrative expenses	58

Exchange rate
YEN/US$

107

121

120

115

Capital investment

100

146

420

450

Depreciation and amortization

133

119

260

280

R&D expenses

207

265

552

530

Finanncial Debts

1,326

1,633

1,630

1,550

Performance of operation

Net sales to increase
Ordinary income to increae

Net sales to increase
Ordinary income to increase

Net sales to decrease
Ordinary income to decrease

Net sales to increase
Ordinary income to increase

Domestic production volume

230

4.6%

230

0.4%

455

3.4%

482

2.2%

Domestic sales
Small Cars
Minicars

145
63
83

2.4%
13.4%

4.6%

138
51
87

4.9%

18.5%
5.3%

287
113
175

5.2%

12.8%
0.4%

304
131
173

0.4%
1.5%

0.4%

Export

8.2%

6.8%

174

4.5%

180

8.1%

Knock down parts

22.6%

3.7%

104

7.0%

112

0.2%