News & Profile | NewsRelease | Subaru Corporation

Reference for the First Half of FY(01/4-01/9) 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

6,261
3,194
3,066

16.3%

3.4%

26.6%

6,599
3,073
3,525

5.4%

3.8%
15.0%

13,700
6,540
7,160

4.4%

5.0%
14.8%

14,000
7,100
6,900

6.7%
3.2%
10.6%

Margin Percentage

Operating income

5.3%
	331


	20.1%

6.6%
	438


	32.1%

5.1%
	700


	14.3%

6.0%
	840


	2.8%

Margin Percentage

Ordinary income

4.7%
	296


	39.5%

5.7%
	374


	26.4%

4.5%
	610


	14.7%

5.5%
	770


	7.6%

Margin Percentage

Net income

0.9%
	55


	- %

2.4%
	159


	- %

2.2%
	300


	32.6%

2.9%
	400


	76.8%

Factors of change
in operating income

Gain factors
Foreign exchange	171
Reduction in cost	118
Increase in other income and other factors	15

Loss factors
Increase in sales administrative expenses	92
Increase in R&D expenses	57
Portion for specifiation improvements in safety and other areas	25
Decrease in sales volume	23

Gain factors
Foreign exchange	270
Reduction in cost	180


Loss factors
Increase in sales administrative expenses	260
Portion for specifiation improvements in safety and other areas and other factors	126
Increase in R&D expenses and other factors	90
Decrease in sales volume	90

Gain factors
Reduction in cost	160
Foreign exchange	150
Increase in overseas sales	100


Loss factors
Increase in sales administrative expenses	170
Portion for specifiation improvements in safety and other areas	120
Increased in R&D expenses and other factors	96

Capital investment

177

270

670

690

Depreciation and amortization

216

215

450

460

R&D expenses

210

267

562

540

Financial Debts

3,823

4,033

3,950

3,750

Performance of operation

Net sales to decrease
Net income to decrease

Net sales to increase
Net income to increase

Domestic sales
Small Cars
Minicars

137
57
80

4.3%

0.9%

6.5%

130
50
80

5.1%

11.8%

0.5%

271
109
162

6.6%

11.0%

3.4%

294
126
168

1.2%
2.4%
0.3%

Overseas sales

135

1.8%

134

0.8%

280

3.8%

289

7.0%