Subaru Corporation Announces Consolidated Financial Results
for the First Quarter of FYE 2025
Tokyo, August 5, 2024 – Subaru Corporation today announced its consolidated financial results for the first quarter of the fiscal year ending March 31, 2025.
Results for April–June 2024: Consolidated Revenue
While domestic production fell 10.5% to 143,000 units due to the impact related to the production shutdown that occurred at the end of the previous fiscal year, overseas production remained strong, increasing 15.0% to 96,000 units. As a result, global production was at the previous year's level with a slight decrease of 1.7% to 239,000 units.
Global unit sales fell 10.2% to 212,000 units as lower domestic production affected shipments to various markets.
Consolidated revenue rose 0.9% to 1,092.1 billion yen due to the positive impact of foreign exchange rates and other factors.
Results for April–June 2024: Consolidated Profit and Loss
With factors such as the effects of foreign exchange rates more than offsetting the decrease in unit sales and an increase in SG&A expenses, operating profit rose 7.9% to 91.1 billion yen, profit before tax decreased 6.4% to 108.0 billion yen, and profit for the period attributable to owners of parent increased 14.7% to 84.0 billion yen.
Forecast for FYE 2025
The forecast for the full fiscal year of FYE 2025 remains unchanged from the previous announcement made on May 13, 2024.
Forecast for FYE 2025 (Announced on May 13, 2024):
- Revenue: 4,720 billion yen
- Operating profit: 400 billion yen
- Profit before tax: 420 billion yen
- Profit for the period attributable to owners of parent: 300 billion yen
Currency rate assumptions: 142 yen/US$, 153 yen/euro
Notes on figures in the results:
Vehicle volume figures are rounded to the nearest thousand. Yen figures are rounded to the nearest hundred million.
Forward-looking statements in this document, including financial and other projections, are based on information available at the time of publication and are subject to various risks and uncertainties that could cause actual results to vary materially.
Reference for the First Quarter of FYE 2025 Consolidated Financial Results
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