Revision of Financial Forecast
for the Fiscal Year Ending 2023 (from April 1 to March 31, 2023)
Company Name:SUBARU CORPORATION
Representative: Tomomi Nakamura, Representative Director, President and CEO
(Securities code: 7270; Tokyo Stock Exchange Prime Market)
Contact for inquiries: Yasushi Nagae, Vice President
and General Manager of Investor Relations Department
Phone:+81-3-6447-8825
Considering the current business trend, Subaru Corporation has announced the upward revision of financial forecast for the fiscal year ending March 31, 2023 (from April 1 to March 31, 2023) which was released at the timing of consolidated financial results announcement on May 12, 2022.
1. Financial forecast
Revision of consolidated financial forecast for the fiscal year ending 2023 (from April 1 to March 31, 2023)
| Revenue | Operating profit |
Profit before tax |
Profit for the period attributable to owners of parent |
Profit for the period per share, basic |
|
| Previous forecast (A) | Millions of yen 3,500,000 |
Millions of yen 200,000 |
Millions of yen 200,000 |
Millions of yen 140,000 |
Yen 182.55 |
| Revised forecast (B) | 3,800,000 | 300,000 | 300,000 | 210,000 | 273.81 |
| Increase and decrease (B-A) | 300,000 | 100,000 | 100,000 | 70,000 | |
| Change of percentage (%) | 8.6 | 50.0 | 50.0 | 50.0 | |
| (Ref.) Actual results of previous fiscal year (Ended March 2022) |
2,744,520 | 90,452 | 106,972 | 70,007 | 91.28 |
2. Reason for the revision
Despite the production constraints due in part to semiconductor supply shortages and the impact of surging raw material prices, the Company revises the consolidated financial forecast for the fiscal year ending March 31, 2023 from the previous announcement made on May 12, 2022 to reflect the expected effects of higher sales and profits from exchange rate fluctuations, pricing policies, an improved sales mix, and the like. Exchange rates assumed for forecast of the full-year consolidated earnings are 133 yen per US dollar (previously 120 yen per US dollar) and 136 yen per euro (previously 130 yen per euro).