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Latest Results and Forecast | Subaru Corporation

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Corporation"></a> </div> <nav id="js-gnav" class="gnav sp-hide en_d-with"> <ul> <li class="js-gnav"> <a class="menuIn" href="/en/outline/">Corporate Profile</a> <div class="megamenu"> <div class="megamenu__inner"> <div class="dir-top icon--outline"> <a href="/en/outline/">Corporate Profile<span>TOP Page</span></a> </div> <div class="d_nav-renew"> <div class="d_in-nav"> <div class="l-col"> <a href="/en/introduction/index.html"> <span>Our Vision and Beliefs</span> </a> </div> <div class="l-col"> <a href="/en/outline/about/vision/index.html"> <span>Message from the President</span> </a> </div> <div class="l-col"> <a href="/en/outline/about/policy/"> <span>SUBARU New Management<br>Policy</span> </a> </div> <div class="l-col"> <a href="/en/outline/profile.html"> <span>Overview/Executives</span> </a> </div> <div class="l-col"> <a href="/en/outline/office.html"> <span>Facilities</span> </a> </div> <div class="l-col"> <a href="/en/outline/about/"> <span>SUBARU at a glance</span> </a> </div> 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</div> </div> <!-- <div class="d_in-nav"> <div class="l-col"> <a href="/difference/subarubito/"> <figure> <div class="image"><img src="https://www.subaru.co.jp//assets/img/subaruness/img_subaruness06.jpg" alt=""></div> <span>SUBARUびと</span> </figure> </a> </div> <div class="l-col"> <a href="/difference/endurance/index.html"> <figure> <div class="image"><img src="https://www.subaru.co.jp//assets/img/subaruness/img_subaruness07.jpg" alt=""></div> <span>SUBARU × スーパー耐久 ~エンジニアたちの挑戦~</span> </figure> </a> </div> </div>--> </div> <div class="megamenu__close">close</div> </div> </div> </li> <li class="js-gnav"> <a class="menuIn" href="/en/ir/">Investor Relations</a> <div class="megamenu"> <div class="megamenu__inner"> <div class="dir-top icon--ir"> <a href="/en/ir/">Investor Relations <span>TOP Page</span></a> </div> <div class="d_nav-renew"> <div class="d_in-nav"> <div class="l-col d_more-link"> <a href="/en/ir/management/"> <span>Corporate</span> </a> <div class="more-link_list"> <ul> <li> <a href="/en/outline/about/vision/">President's Message</a> </li> <li> <a href="/en/outline/about/policy/">Subaru New Management Policy</a> </li> <li><a href="/en/csr/subaru_csr/">CSR</a></li> <li> <a href="/en/ir/management/governance/">Corporate Governance</a> </li> <li> <a href="/en/outline/profile.html">Corporate Profile</a> </li> <li> <a href="/en/outline/profile.html?id=officer">Management</a> </li> <li> <a href="/en/outline/about/business/">Guide to Automotive Business</a> </li> <li> <a href="/en/outline/about/aerospace/">Guide to Aerospace Company</a> </li> <li> <a href="/en/ir/management/articles/">Articles of Incorporation</a> </li> <li> <a href="/en/ir/management/risk/">Business Risks</a> </li> <li> <a href="/en/ir/management/plan/">Previous Mid-Term Management Vision</a> </li> </ul> </div> </div> <div class="l-col d_more-link"> <a href="/en/ir/finance/"> <span>Financial Data</span> </a> <div class="more-link_list"> <ul> <li> <a 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href="/en/ir/stock/"> <span>Stock Information</span> </a> <div class="more-link_list"> <ul> <li> <a href="/en/ir/stock/quote.html">Stock Overview</a> </li> <li> <a href="/en/ir/stock/dividend.html">Return to Shareholders</a> </li> <li> <a href="/en/ir/stock/meeting.html">Shareholders' Meeting</a> </li> <li> <a href="/en/ir/stock/procedure.html">Information for Shareholders</a> </li> <li> <a href="/en/ir/stock/analyst.html">Analyst Coverage</a> </li> </ul> </div> </div> <div class="l-col d_more-link"> <a href="/en/ir/support/"> <span>Support</span> </a> <div class="more-link_list"> <ul> <li><a href="/en/ir/support/faq.html">FAQ</a></li> <li><a href="/en/ir/support/rss.html">RSS</a></li> </ul> </div> </div> <div class="l-col"> <a href="/en/ir/individualinvestors/"> <span>About SUBARU</span> </a> </div> <div class="l-col"> <a href="/en/ir/calendar.html"><span>IR Calendar</span></a> </div> <div class="l-col"> <a href="/en/ir/disclosure.html"><span>Disclosure Policy</span></a> </div> <div class="l-col"> <a href="/en/ir/cautionary.html"><span>Disclaimer</span></a> </div> </div> </div> <div class="megamenu__close">close</div> </div> </div> </li> <li class="js-gnav"> <a class="menuIn" href="/en/csr/">Sustainability</a> <div class="megamenu"> <div class="megamenu__inner"> <div class="dir-top icon--csr"> <a href="/en/csr/">Sustainability<span>TOP Page</span></a> </div> <div class="d_nav-renew"> <div class="d_in-nav"> <div class="l-col"> <a href="/en/csr/message/"> <span>Message on Sustainability from the CEO</span> </a> </div> <div class="l-col d_more-link"> <a href="/en/csr/subaru_csr/"> <span>The SUBARU Group’s Sustainability</span> </a> <div class="more-link_list"> <ul> <li> <a href="/en/csr/subaru_csr/philosophy.html">SUBARU's Vision/policy</a> </li> <li> <a href="/en/csr/subaru_csr/concept.html">About the SUBARU Group’s Sustainability</a> </li> <li> <a href="/en/csr/subaru_csr/organization.html">Sustainability Promotion System</a> </li> <li> <a href="/en/csr/subaru_csr/stakeholder/">Stakeholder Engagement</a> </li> <li> <a href="/en/csr/subaru_csr/sixpriority/">Six Priority Areas for Sustainability</a> </li> </ul> </div> </div> <!-- <div class="l-col d_more-link"> <a href="/csr/activity/01/"> <span>アクティビティ for サステナビリティ</span> </a> <div class="more-link_list wLarge"> <ul class="col1"> <li><a href="/csr/activity/01/">SUBARU Loves Pets 〜米国における動物愛護の取り組み~</a></li> <li><a href="/csr/activity/02/">メディア・アナリスト向けテックツアーによるSUBARUの事故低減に向けた取り組み</a></li> <li><a href="/csr/activity/03/">復興支援として東北の特産品の社内販売会を開催</a></li> </ul> </div> </div> --> <div class="l-col d_more-link"> <a href="/en/csr/environment/"> <span>Environment</span> </a> <div class="more-link_list"> <ul> <li> <a href="/en/csr/environment/management.html">Environmental Management</a> </li> <li> <a href="/en/csr/environment/climaticvariation.html">Mitigating Climate Change</a> </li> <li> <a href="/en/csr/environment/recyclingsociety.html">Achieving a Circular Economy</a> </li> <li> <a href="/en/csr/environment/biodiversity.html">Coexistence with Nature</a> </li> <li> <a href="/en/csr/environment/waterresources.html">Water Resources</a> </li> <li> <a href="/en/csr/environment/prevention.html">Prevention of Pollution</a> </li> <li> <a href="/en/csr/environment/data.html">FYE March 2024 Environmental Performance Data for Plants and Offices</a> </li> </ul> </div> </div> <div class="l-col d_more-link"> <a href="/en/csr/social/"> <span>Social</span> </a> <div class="more-link_list"> <ul> <li> <a href="/en/csr/social/human_rights.html">Respect for Human Rights</a> </li> <li> <a href="/en/csr/social/quality_automobile.html">Quality: Automotive Business</a> </li> <li> <a href="/en/csr/social/quality_aerospace.html">Quality: Aerospace Business</a> </li> <li> <a href="/en/csr/social/car_making/">Making Safe Vehicles</a> </li> <li> <a href="/en/csr/social/resources/humancapital.html">Human Resources</a> </li> <li> <a href="/en/csr/social/consumers.html">Customers</a> </li> <li> <a href="/en/csr/social/procurement.html">CSR Procurement</a> </li> <li> <a href="/en/csr/social/contribution/">Community Engagement</a> </li> </ul> </div> </div> <div class="l-col d_more-link"> <a href="/en/csr/governance/"> <span>Governance</span> </a> <div class="more-link_list mr0"> <ul> <li> <a href="/en/csr/governance/corporate/">Corporate Governance</a> </li> <li> <a href="/en/csr/governance/compliance.html">Compliance</a> </li> <li> <a href="/en/csr/governance/risk/">Risk Management</a> </li> </ul> </div> </div> <div class="l-col"> <a href="/en/csr/activity/"> <span>Sustainability Journal</span> </a> </div> <div class="l-col"> <a href="/en/csr/outline/"> <span>Corporate Overview</span> </a> </div> <div class="l-col"> <a href="/en/csr/evaluation.html"> <span>Third-party Evaluations</span> </a> </div> <div class="l-col"> <a href="/en/csr/iso26000.html"> <span>GRI Content Index</span> </a> </div> <div class="l-col"> <a href="/en/csr/tcfd/"> <span class="spicon">TCFD Content Index</span> </a> </div> <div class="l-col"> <a href="/en/csr/editionalpolicy.html"> <span>Editorial Policy</span> </a> </div> <div class="l-col"> <a href="/en/csr/report/"> <span>Report Library</span> </a> </div> </div> </div> <div class="megamenu__close">close</div> </div> </div> </li> <li class="js-gnav"> <a class="menuIn" href="/en/difference/">The Subaru Difference</a> <div class="megamenu"> <div class="megamenu__inner"> <div class="dir-top icon--subaruness"> <a href="/en/difference/" class="icon-new">The Subaru Difference <span>TOP Page</span></a> </div> <div class="d_nav-renew"> <div class="d_in-nav"> <div class="l-col col-1-3"> <a href="/en/difference/produce/"> <span>What Subaru has created</span> </a> </div> <div class="l-col col-1-3"> <a href="/en/difference/technology/"> <span>The technology that makes Subaru different: enjoyment and peace of mind</span> </a> </div> <div class="l-col col-1-3"> <a href="/en/difference/environment/"> <span>The technology that makes Subaru different: Environmental Technologies</span> </a> </div> </div> </div> <div class="megamenu__close">close</div> </div> </div> </li> <li id="js-gnav-worldwide" class="icon-worldwide"> <a href="/en/worldwide/">Worldwide Network</a> </li> </ul> </nav> <div id="js-search-btn" class="search-btn sp-hide">Search</div> <div class="search-menu sp-hide"> <div class="search-menu__inner"> <form id="form1" name="search_form" action="https://search.subaru.jp/" method="GET" onsubmit="return mysearch2(this);"> <input type="text" name="kw" value="" class="searchBox" placeholder="Enter Search Terms"> <input type="hidden" name="ie" value="u"> <input type="hidden" name="tmp" value="cojp_en"> <input type="submit" value="search"> </form> </div> </div> <div id="js-menu-btn" class="menu-btn pc-hide d_nav-renew-sp"> <span></span> <span></span> <span></span> <span class="menu-text">MENU</span> </div> <div class="sp-menu d_menu-sp"> <div class="search-menu d_searcch-renew pc-hide"> <div class="search-menu__inner"> <form id="form1" name="search_form" action="https://search.subaru.jp/" method="GET" onsubmit="return mysearch2(this);"> <input type="text" name="kw" value="" class="searchBox" placeholder="Enter Search Terms"> <input type="hidden" name="ie" value="u"> <input type="hidden" name="tmp" value="cojp_en"> <input type="submit" value="search"> </form> </div> </div> <nav id="sp-menu-nav" class="sp-menu__gnav pc-hide d_sp_menu-nav"> <ul> <li> <div class="pc-hide have-more_link"> <span class="cNameTxt">Corporate Profile</span> <div class="change_icons"></div> </div> <div class="menu-wrap"> <a href="/en/outline/" class="cTopMenu">Corporate Profile TOP</a> <ul class="d-show_morelink-sp"> <li> <a href="/en/introduction/index.html"><span class="spicon">Our Vision and Beliefs</span></a> </li> <li> <a href="/en/outline/about/vision/index.html"><span class="spicon">Message from the President</span></a> </li> <li> <a href="/en/outline/about/policy/"><span class="spicon">Subaru New Management Policy</span></a> </li> <li> <a href="/en/outline/profile.html"><span class="spicon">Overview/Executives</span></a> </li> <li> <a href="/en/outline/office.html"><span class="spicon">Facilities</span></a> </li> <li> <a href="/en/outline/about/"><span class="spicon">SUBARU at a glance</span></a> </li> <li> <div class="d_have_more-link2"> <span class="cNameTxt2">Learn more SUBARU</span> <div class="d_pls-icons"></div> </div> <div class="menu-wrap2"> <dl class="d_list_more-link2"> <dt> <a href="/en/outline/about/businessmodel">The SUBARU Group’s Unique Business Model </a> </dt> <dt> <a href="/en/outline/about/customers">Enhancing Relationships with Customers</a> </dt> <dt> <a href="/en/outline/about/zeroaccident">Initiatives to Achieve Our Goal of Zero Fatal Traffic Accidents in 2030</a> </dt> <dt> <a href="/en/outline/about/engineer">Handing Down and Enhancing the SUBARU Difference</a> </dt> <dt> <a href="/en/outline/about/dxstrategy">SUBARU’s Idea for a Digital Transformation Strategy</a> </dt> <dt> <a href="/en/outline/about/business">Business Overview:Automotive Business Unit</a> </dt> <dt> <a href="/en/outline/about/aerospace">Business Overview:Aerospace Company</a> </dt> <dt> <a href="/en/outline/about/history">SUBARU’s History of Value Creation</a> </dt> <dt> <a href="/en/outline/governance.html">Corporate Governance</a> </dt> </dl> </div> </li> </ul> </div> </li> </ul> <ul> <li> <div class="pc-hide have-more_link"> <span class="cNameTxt">Investor Relations</span> <div class="change_icons"></div> </div> <div class="menu-wrap"> <a href="/en/ir/" class="cTopMenu">Investor Relations TOP</a> <ul class="d-show_morelink-sp"> <li> <div class="d_have_more-link2"> <span class="cNameTxt2">Corporate</span> <div class="d_pls-icons"></div> </div> <div class="menu-wrap2"> <a href="/en/ir/management/" class="cTopMenu2">Corporate TOP</a> <dl class="d_list_more-link2"> <dt> <a href="/en/outline/about/vision/">President's Message</a> </dt> <dt> <a href="/en/outline/about/policy/">Subaru New Management Policy</a> </dt> <dt><a href="/en/csr/subaru_csr/">CSR</a></dt> <dt> <a href="/en/ir/management/governance/">Corporate Governance</a> </dt> <dt> <a href="/en/outline/profile.html">Corporate Profile</a> </dt> <dt> <a href="/en/outline/profile.html?id=officer">Management</a> </dt> <dt> <a href="/en/outline/about/business/">Guide to Automotive Business</a> </dt> <dt> <a href="/en/outline/about/aerospace/">Guide to Aerospace Company</a> </dt> <dt> <a href="/en/ir/management/articles/">Articles of Incorporation</a> </dt> <dt> <a href="/en/ir/management/risk/">Business Risks</a> </dt> <dt> <a href="/en/ir/management/plan/">Previous Mid-Term Management Vision</a> </dt> </dl> </div> </li> <li> <div class="d_have_more-link2"> <span class="cNameTxt2">Financial Data</span> <div class="d_pls-icons"></div> </div> <div class="menu-wrap2"> <a href="/en/ir/finance/" class="cTopMenu2">Financial Data TOP</a> <dl class="d_list_more-link2"> <dt> <a 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</li> <li> <a href="/en/difference/technology/">The technology that makes Subaru different: enjoyment and peace of mind</a> </li> <li> <a href="/en/difference/environment/">The technology that makes Subaru different: Environmental Technologies</a> </li> </ul> </div> </li> </ul> <ul> <li class="icon-worldwide"> <a class="d_blandw_new" href="/en/worldwide/">Worldwide Network</a> </li> </ul> </nav> <div class="header__tools d_bg-sp_change"> <ul class="d_sp-changecolor"> <li class="sp-hide"><a href="/">HOME</a></li> <li><a href="/en/news/">News Release</a></li> <li><a href="/en/sitemap.html">Sitemap</a></li> </ul> <ul id="js-lang-switch" class="lang-switch"> <li> <a href="/"><abbr title="Japanese">JP</abbr></a> </li> <li> <span class="active"><abbr title="English">EN</abbr></span> </li> </ul> </div> </div> </header> <div id="js-overlay" class="overlay"></div> <main> <article> <header class="pageheader pageheader--ir"> <h1 class="headline--lv1">Latest Results and Forecast</h1> <div id="js-localnav" class="component-localnav"> <div id="js-localnav-btn" class="localnav-btn"> <span></span> <span></span> <span></span> </div> <div id="js-localnav-menu" class="localnav-menu"> <nav> <div class="parent"><a href="/en/ir/finance/">Financial Data</a></div> <ul> <li><a href="/en/ir/finance/business-performance.html">Historical Business Performance</a></li> <li><a href="/en/ir/finance/latest-results.html">Latest Results and Forecast</a></li> <li><a href="/en/ir/finance/segment.html">Segment Data</a></li> <li><a href="/en/ir/finance/financial-data.html">Financial Data Download</a></li> <li><a href="/en/ir/finance/performance.html">Production, Sales, Export results</a></li> <li><a href="/en/ir/finance/rating.html">Ratings and Bonds</a></li> </ul> </nav> </div> </div> </header> <div id="js-breadcrumb" class="component-breadcrumb"> <ul itemscope="" itemtype="http://schema.org/BreadcrumbList"> <li itemprop="itemListElement" itemscope="" itemtype="http://schema.org/ListItem"> <a itemprop="item" href="/en"> <span itemprop="name">HOME</span> </a> <meta itemprop="position" content="1"> </li> <li itemprop="itemListElement" itemscope="" itemtype="http://schema.org/ListItem"> <a itemprop="item" href="/en/ir/index.html"> <span itemprop="name">Investor Relations</span> </a> <meta itemprop="position" content="4"> </li> <li itemprop="itemListElement" itemscope="" itemtype="http://schema.org/ListItem"> <a itemprop="item" href="/en/ir/finance/index.html"> <span itemprop="name">Financial Data</span> </a> <meta itemprop="position" content="5"> </li> <li itemprop="itemListElement" itemscope="" itemtype="http://schema.org/ListItem"> <span itemprop="name">Latest Results and Forecast</span> <meta itemprop="position" content="6"> </li> </ul> </div> <section class="section no-border"> <div class="inner"> <h2 class="headline--lv2">Consolidated Financial Results<br>for the Nine Months of FYE2025<br><span>(April 1, 2024 to December 31, 2024)</span></h2> <div class="inner__block"> <div class="component-table sp-scroll w-800 mod-paragraph"> <p class="mod-asof">Announced on February 7, 2025</p> <p class="mod-caption align-right">(100 Millions of yen)</p> <table> <thead> <tr> <th colspan="2" class="w-250"></th> <th class="w-200" nowrap>FYE2024<br> Nine Months<br> Results</th> <th class="w-200" nowrap>FYE2025<br> Nine Months<br> Results</th> <th class="w-150">Change</th> <th class="w-150">%</th> </tr> </thead> <tbody> <tr> <th colspan="2">Revenue</th> <td class="align-right">34,964</td> <td class="align-right">35,363</td> <td class="align-right">399</td> <td class="align-right">1.1%</td> </tr> <tr> <th colspan="2">Operating profit</th> <td class="align-right">3,710</td> <td class="align-right">3,692</td> <td class="align-right">&minus;18</td> <td class="align-right">&minus;0.5%</td> </tr> <tr> <th colspan="2">Profit before tax</th> <td class="align-right">4,162</td> <td class="align-right">4,260</td> <td class="align-right">98</td> <td class="align-right">2.4%</td> </tr> <tr> <th colspan="2" nowrap>Profit for the period attributable<br> to owners of parent</th> <td class="align-right">2,989</td> <td class="align-right">3,174</td> <td class="align-right">185</td> <td class="align-right">6.2%</td> </tr> <tr> <th colspan="2">Consolidated unit sales<br> (1,000 units)</th> <td class="align-right">736</td> <td class="align-right">707</td> <td class="align-right">&minus;28</td> <td class="align-right">&minus;3.8%</td> </tr> <tr> <th rowspan="2" class="borderT-none" style="width:50px;" >&nbsp;</th> <th>Overseas</th> <td class="align-right">660</td> <td class="align-right">632</td> <td class="align-right">&minus;29</td> <td class="align-right">&minus;4.3%</td> </tr> <tr> <th>Japan</th> <td class="align-right">75</td> <td class="align-right">75</td> <td class="align-right">0</td> <td class="align-right">0.5%</td> </tr> <tr> <th colspan="2">SUBARU exchange rate</th> <td class="align-right">&yen;143/US$<br> &yen;153/EURO</td> <td class="align-right">&yen;152/US$<br> &yen;163/EURO</td> <td class="align-right">&nbsp;</td> <td class="align-right">&nbsp;</td> </tr> </tbody> </table> </div> <p class="mod-paragraph">Consolidated unit sales in Japan showed a steady performance, driven mainly by passenger vehicles including the Forester, increasing by 0.5% to 75,000 units. While retail sales in the key U.S. market increased year-on-year for the twenty-ninth consecutive month through December 2024, consolidated overseas unit sales, which primarily consist of wholesale sales by consolidated distributors to local retailers, decreased by 4.3% to 632,000 units, reflecting adjusted shipment volumes in line with current sales trends and inventory levels in overseas markets.<br>Global consolidated unit sales declined by 3.8% to 707,000 units.<br>Accordingly, production in Japan decreased by 6.1% to 461,000 units, and overseas production declined by 0.6% to 264,000 units, resulting in a 4.2% decrease in global production to 725,000 units.<br>Consolidated revenue increased by 1.1% to 3,536.3 billion yen, as factors such as favorable exchange rates and price revisions more than offset higher sales incentives due to a competitive environment in the overseas market and lower sales volume.<br>Due to the aforementioned factors impacting consolidated revenue, operating profit decreased by 0.5% to 369.2 billion yen, while profit before tax increased by 2.4% to 426.0 billion yen, and profit for the period attributable to owners of parent rose by 6.2% to 317.4 billion yen.</p> </div><!-- /inner__block --> <!-- アコーディオン開始位置 --> <div class="inner__block"> <ul class="component-accordionList"> <li><!-- リスト Start --> <div class="mod-accordion accordion-toggle">Consolidated Financial Results for the First Half of FYE2025 <span>(April 1, 2024 to September 30, 2024)</span></div> <div class="mod-accordion-contents"> <!-- アコーディオンの中身 Start --> <div class="component-table sp-scroll w-800 mod-paragraph"> <!--<p class="mod-asof">Announced on November 1, 2024</p>--> <p class="mod-caption align-right">(100 Millions of yen)</p> <table> <thead> <tr> <th colspan="2" class="w-250"></th> <th class="w-200" nowrap>FYE2024<br> 1st Half<br> Results</th> <th class="w-200" nowrap>FYE2025<br> 1st Half<br> Results</th> <th class="w-150">Change</th> <th class="w-150">%</th> </tr> </thead> <tbody> <tr> <th colspan="2">Revenue</th> <td class="align-right">22,135</td> <td class="align-right">22,662</td> <td class="align-right">527</td> <td class="align-right">2.4%</td> </tr> <tr> <th colspan="2">Operating profit</th> <td class="align-right">1,858</td> <td class="align-right">2,220</td> <td class="align-right">362</td> <td class="align-right">19.5%</td> </tr> <tr> <th colspan="2">Profit before tax</th> <td class="align-right">2,265</td> <td class="align-right">2,210</td> <td class="align-right">&minus;55</td> <td class="align-right">&minus;2.4%</td> </tr> <tr> <th colspan="2" nowrap>Profit for the period attributable<br> to owners of parent</th> <td class="align-right">1,509</td> <td class="align-right">1,630</td> <td class="align-right">121</td> <td class="align-right">8.0%</td> </tr> <tr> <th colspan="2">Consolidated unit sales<br> (1,000 units)</th> <td class="align-right">469</td> <td class="align-right">450</td> <td class="align-right">&minus;20</td> <td class="align-right">&minus;4.2%</td> </tr> <tr> <th rowspan="2" class="borderT-none" style="width:50px;" >&nbsp;</th> <th>Overseas</th> <td class="align-right">424</td> <td class="align-right">400</td> <td class="align-right">&minus;24</td> <td class="align-right">&minus;5.8%</td> </tr> <tr> <th>Japan</th> <td class="align-right">45</td> <td class="align-right">50</td> <td class="align-right">5</td> <td class="align-right">10.6%</td> </tr> <tr> <th colspan="2">SUBARU exchange rate</th> <td class="align-right">&yen;139/US$<br> &yen;151/EURO</td> <td class="align-right">&yen;154/US$<br> &yen;164/EURO</td> <td class="align-right">&nbsp;</td> <td class="align-right">&nbsp;</td> </tr> </tbody> </table> </div> <p class="mod-paragraph">While overseas production showed steady growth, increasing 2.5% to 177,000 units, domestic production fell 7.1% to 298,000 units due to factors including production adjustments at the beginning of the fiscal year. As a result, global production decreased 3.7% to 475,000 units.<br>In terms of consolidated unit sales, Japan showed strong performance, increasing 10.6%, driven primarily by sales of passenger vehicles, including the Levorg series with the Layback.<br>In the key U.S. market, retail sales posted the twenty-sixth consecutive month of increases through September 2024; however, due to the aforementioned production adjustment impacts, overseas consolidated sales decreased 5.8%.<br>As a result, global consolidated unit sales fell 4.2% to 450,000 units.<br>Consolidated revenue increased by 2.4% to 2,266.2 billion yen, as factors such as favorable exchange rates and price revisions more than offset higher sales incentives caused by a competitive environment in overseas market and lower sales volume.<br>Due to the same factors impacting consolidated revenue, operating profit increased 19.5% to 222.0 billion yen, profit before tax decreased 2.4% to 221.0 billion yen, and profit for the period attributable to owners of parent increased 8.0% to 163.0 billion yen.</p> <!-- アコーディオンの中身 End --> </div><!-- /mod-accordion-contents --> </li><!-- リスト End --> <li><!-- リスト Start --> <div class="mod-accordion accordion-toggle">Consolidated Financial Results for the First Quarter of FYE2025 <span>(April 1, 2024 to June 30, 2024)</span></div> <div class="mod-accordion-contents"> <!-- アコーディオンの中身 Start --> <div class="component-table sp-scroll w-800 mod-paragraph"> <!--<p class="mod-asof">Announced on August 5, 2024</p>--> <p class="mod-caption align-right">(100 Millions of yen)</p> <table> <thead> <tr> <th colspan="2" class="w-250"></th> <th class="w-200" nowrap>FYE2024<br> 1Q<br> Results</th> <th class="w-200" nowrap>FYE2025<br> 1Q<br> Results</th> <th class="w-150">Change</th> <th class="w-150">%</th> </tr> </thead> <tbody> <tr> <th colspan="2">Revenue</th> <td class="align-right">10,821</td> <td class="align-right">10,921</td> <td class="align-right">100</td> <td class="align-right">0.9%</td> </tr> <tr> <th colspan="2">Operating profit</th> <td class="align-right">845</td> <td class="align-right">911</td> <td class="align-right">67</td> <td class="align-right">7.9%</td> </tr> <tr> <th colspan="2">Profit before tax</th> <td class="align-right">1,154</td> <td class="align-right">1,080</td> <td class="align-right">&minus;73</td> <td class="align-right">&minus;6.4%</td> </tr> <tr> <th colspan="2" nowrap>Profit for the period attributable<br> to owners of parent</th> <td class="align-right">732</td> <td class="align-right">840</td> <td class="align-right">108</td> <td class="align-right">14.7%</td> </tr> <tr> <th colspan="2">Consolidated unit sales<br> (1,000 units)</th> <td class="align-right">236</td> <td class="align-right">212</td> <td class="align-right">&minus;24</td> <td class="align-right">&minus;10.2%</td> </tr> <tr> <th rowspan="2" class="borderT-none" style="width:50px;" >&nbsp;</th> <th>Overseas</th> <td class="align-right">215</td> <td class="align-right">189</td> <td class="align-right">&minus;26</td> <td class="align-right">&minus;12.0%</td> </tr> <tr> <th>Japan</th> <td class="align-right">21</td> <td class="align-right">23</td> <td class="align-right">2</td> <td class="align-right">8.5%</td> </tr> <tr> <th colspan="2">SUBARU exchange rate</th> <td class="align-right">&yen;135/US$<br> &yen;145/EURO</td> <td class="align-right">&yen;153/US$<br> &yen;164/EURO</td> <td class="align-right">&nbsp;</td> <td class="align-right">&nbsp;</td> </tr> </tbody> </table> </div> <p class="mod-paragraph">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.<br>Global unit sales fell 10.2% to 212,000 units as lower domestic production affected shipments to various markets.<br>Consolidated revenue rose 0.9% to 1,092.1 billion yen due to the positive impact of foreign exchange rates and other factors.<br>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.</p> <!-- アコーディオンの中身 End --> </div><!-- /mod-accordion-contents --> </li><!-- リスト End --> <li><!-- リスト Start --> <div class="mod-accordion accordion-toggle">Consolidated Financial Results for FYE2024 <span>(April 1, 2023 to March 31, 2024)</span></div> <div class="mod-accordion-contents"> <!-- アコーディオンの中身 Start --> <div class="component-table sp-scroll w-800 mod-paragraph"> <!--<p class="mod-asof">Announced on May 13, 2024</p>--> <p class="mod-caption align-right">(100 Millions of yen)</p> <table> <thead> <tr> <th colspan="2" class="w-250"></th> <th class="w-200" nowrap>FYE2023<br>Full Year<br>Results</th> <th class="w-200" nowrap>FYE2024<br>Full Year<br>Results</th> <th class="w-150">Change</th> <th class="w-150">%</th> </tr> </thead> <tbody> <tr> <th colspan="2">Revenue</th> <td class="align-right">37,745</td> <td class="align-right">47,029</td> <td class="align-right">9,285</td> <td class="align-right">24.6%</td> </tr> <tr> <th colspan="2">Operating profit</th> <td class="align-right">2,675</td> <td class="align-right">4,682</td> <td class="align-right">2,007</td> <td class="align-right">75.0%</td> </tr> <tr> <th colspan="2">Profit before tax</th> <td class="align-right">2,784</td> <td class="align-right">5,326</td> <td class="align-right">2,542</td> <td class="align-right">91.3%</td> </tr> <tr> <th colspan="2" nowrap>Profit for the period attributable<br>to owners of parent</th> <td class="align-right">2,004</td> <td class="align-right">3,851</td> <td class="align-right">1,847</td> <td class="align-right">92.1%</td> </tr> <tr> <th colspan="2">Consolidated unit sales<br>(1,000 units)</th> <td class="align-right">852</td> <td class="align-right">976</td> <td class="align-right">124</td> <td class="align-right">14.5%</td> </tr> <tr> <th rowspan="2" class="borderT-none" style="width:50px;" >&nbsp;</th> <th>Overseas</th> <td class="align-right">753</td> <td class="align-right">878</td> <td class="align-right">125</td> <td class="align-right">16.6%</td> </tr> <tr> <th>Japan</th> <td class="align-right">100</td> <td class="align-right">99</td> <td class="align-right">&minus;1</td> <td class="align-right">&minus;0.8%</td> </tr> <tr> <th colspan="2">SUBARU exchange rate</th> <td class="align-right">&yen;135/US$<br> &yen;141/EURO</td> <td class="align-right">&yen;144/US$<br> &yen;154/EURO</td> <td class="align-right">&nbsp;</td> <td class="align-right">&nbsp;</td> </tr> </tbody> </table> </div> <p class="mod-paragraph">Despite continued parts supply constraints, particularly for semiconductors, and logistical challenges, the impact was minimized through various initiatives, including flexible adjustment of production plans. As a result, global production increased 10.9% to 970,000 units.<br>Production in Japan rose 4.7% to 602,000 units, while production in the U.S. grew 23.0% to 368,000 units.<br>As a result of the production increase, global unit sales rose 14.5% to 976,000 units, led by steady sales in the key North American market.<br>Consolidated revenue rose 24.6% to 4,702.9 billion yen, due to factors including the increase in sales volume and the positive impact of foreign exchange rates.<br>As factors such as increased sales volume and the positive impact of foreign exchange rates more than offset the increase in SG&A expenses, operating profit rose 75.0% to 468.2 billion yen, profit before tax grew 91.3% to 532.6 billion yen, and profit for the period attributable to owners of parent increased 92.1% to 385.1 billion yen.</p> <!-- アコーディオンの中身 End --> </div><!-- /mod-accordion-contents --> </li><!-- リスト End --> </ul> </div><!-- /inner__block --> <!-- アコーディオン終了位置 --> <div class="inner__block"> <ul> <li><a href="/en/ir/library/results.html" class="link-arrow">For more details, please refer to Financial results.</a></li> </ul> </div><!-- /inner__block --> </div><!-- /inner --> </section> <section class="section"> <div class="inner"> <h2 class="headline--lv2">Forecast of Consolidated Results for FYE2025<br><span>(April 1,2024 to March 31,2025)</span></h2> <div class="inner__block"> <div class="component-table sp-scroll w-800 mod-paragraph"> <p class="mod-asof">Announced on February 7, 2025</p> <p class="mod-caption align-right">(100 Millions of yen)</p> <table> <thead> <tr> <th colspan="2" class="w-250"></th> <th class="w-200">FYE2024<br>Full Year<br>Results</th> <th class="w-200">FYE2025<br>Full Year<br>Forecast</th> <th class="w-150">Change</th> <th class="w-150">%</th> </tr> </thead> <tbody> <tr> <th colspan="2">Revenue</th> <td class="align-right">47,029</td> <td class="align-right">47,600</td> <td class="align-right">571</td> <td class="align-right">1.2%</td> </tr> <tr> <th colspan="2">Operating profit</th> <td class="align-right">4,682</td> <td class="align-right">4,300</td> <td class="align-right">&minus;382</td> <td class="align-right">&minus;8.2%</td> </tr> <tr> <th colspan="2">Profit before tax</th> <td class="align-right">5,326</td> <td class="align-right">4,800</td> <td class="align-right">&minus;526</td> <td class="align-right">&minus;9.9%</td> </tr> <tr> <th colspan="2" nowrap>Profit for the period attributable<br> to owners of parent</th> <td class="align-right">3,851</td> <td class="align-right">3,300</td> <td class="align-right">&minus;551</td> <td class="align-right">&minus;14.3%</td> </tr> <tr> <th colspan="2">Consolidated unit sales<br> (1,000 units)</th> <td class="align-right">976</td> <td class="align-right">950</td> <td class="align-right">&minus;26</td> <td class="align-right">&minus;2.7%</td> </tr> <tr> <th rowspan="2" class="borderT-none" style="width:50px;" >&nbsp;</th> <th>Overseas</th> <td class="align-right">878</td> <td class="align-right">838</td> <td class="align-right">&minus;40</td> <td class="align-right">&minus;4.5%</td> </tr> <tr> <th>Japan</th> <td class="align-right">99</td> <td class="align-right">112</td> <td class="align-right">14</td> <td class="align-right">13.7%</td> </tr> <tr> <th colspan="2">SUBARU exchange rate</th> <td class="align-right">&yen;144/US$<br> &yen;154/EURO</td> <td class="align-right">&yen;153/US$<br> &yen;164/EURO</td> <td class="align-right">&nbsp;</td> <td class="align-right">&nbsp;</td> </tr> </tbody> </table> </div> <p class="mod-paragraph">The production and unit sales forecasts remain unchanged from the previous announcement as current unit sales are generally in line with the plan. On the other hand, the full-year consolidated financial forecasts have been revised upward to reflect factors including the impact of the weaker yen, with revenue projected at 4,760 billion yen, operating profit at 430 billion yen, profit before tax at 480 billion yen, and profit for the year attributable to owners of parent at 330 billion yen. The latest forecasts for FYE 2025 are based on exchange rate assumptions of 153 yen to the U.S. dollar and 164 yen to the euro.</p> <p class="mod-caption indent">*Previous forecast for FYE 2025 (Announced on November 1, 2024):</p> <ul class="mod-ul mod-caption"> <li>Revenue: 4,720 billion yen</li> <li>Operating profit: 400 billion yen</li> <li>Profit before tax: 420 billion yen</li> <li>Profit for the period attributable to owners of parent: 300 billion yen</li> </ul> <p class="mod-caption">Currency rate assumptions: 149 yen/US$, 162 yen/euro</p> </div><!-- /inner__block --> <!-- アコーディオン開始位置 --> <div class="inner__block"> <ul class="component-accordionList"> <li><!-- リスト Start --> <div class="mod-accordion accordion-toggle">Forecast of Consolidated Results for FYE2025 <span>(*Announced on November 1, 2024)</span></div> <div class="mod-accordion-contents"> <!-- アコーディオンの中身 Start --> <div class="component-table sp-scroll w-800 mod-paragraph"> <!--<p class="mod-asof">Announced on November 1, 2024</p>--> <p class="mod-caption align-right">(100 Millions of yen)</p> <table> <thead> <tr> <th colspan="2" class="w-250"></th> <th class="w-200">FYE2024<br>Full Year<br>Results</th> <th class="w-200">FYE2025<br>Full Year<br>Forecast</th> <th class="w-150">Change</th> <th class="w-150">%</th> </tr> </thead> <tbody> <tr> <th colspan="2">Revenue</th> <td class="align-right">47,029</td> <td class="align-right">47,200</td> <td class="align-right">171</td> <td class="align-right">0.4%</td> </tr> <tr> <th colspan="2">Operating profit</th> <td class="align-right">4,682</td> <td class="align-right">4,000</td> <td class="align-right">&minus;682</td> <td class="align-right">&minus;14.6%</td> </tr> <tr> <th colspan="2">Profit before tax</th> <td class="align-right">5,326</td> <td class="align-right">4,200</td> <td class="align-right">&minus;1,126</td> <td class="align-right">&minus;21.1%</td> </tr> <tr> <th colspan="2" nowrap>Profit for the period attributable<br> to owners of parent</th> <td class="align-right">3,851</td> <td class="align-right">3,000</td> <td class="align-right">&minus;851</td> <td class="align-right">&minus;22.1%</td> </tr> <tr> <th colspan="2">Consolidated unit sales<br> (1,000 units)</th> <td class="align-right">976</td> <td class="align-right">950</td> <td class="align-right">&minus;26</td> <td class="align-right">&minus;2.7%</td> </tr> <tr> <th rowspan="2" class="borderT-none" style="width:50px;" >&nbsp;</th> <th>Overseas</th> <td class="align-right">878</td> <td class="align-right">838</td> <td class="align-right">&minus;40</td> <td class="align-right">&minus;4.5%</td> </tr> <tr> <th>Japan</th> <td class="align-right">99</td> <td class="align-right">112</td> <td class="align-right">13</td> <td class="align-right">13.6%</td> </tr> <tr> <th colspan="2">SUBARU exchange rate</th> <td class="align-right">&yen;144/US$<br> &yen;154/EURO</td> <td class="align-right">&yen;149/US$<br> &yen;162/EURO</td> <td class="align-right">&nbsp;</td> <td class="align-right">&nbsp;</td> </tr> </tbody> </table> </div> <p class="mod-paragraph">Based on recent sales trends and inventory levels in overseas markets, the Company is revising its initial production forecast announced on May 13, 2024, downward by 10,000 units to 950,000 units. Similarly, the consolidated unit sales forecast has been reduced by 30,000 units to 950,000 units.<br>On the other hand, the revenue and profit forecasts for the full year remain unchanged from the initial announcement<sup class="mod-sup">*</sup>, incorporating factors such as controlling the increasing trend of sales incentives to industry-low levels and the effect of yen depreciation, with consolidated revenue expected to be 4,720 billion yen and operating profit 400 billion yen.<br>The latest forecasts for FYE 2025 are based on exchange rate assumptions of 149 yen to the U.S. dollar and 162 yen to the euro.</p> <p class="mod-caption indent">*Initial forecast for FYE 2025 (Announced on May 13, 2024):</p> <ul class="mod-ul mod-caption"> <li>Revenue: 4,720 billion yen</li> <li>Operating profit: 400 billion yen</li> <li>Profit before tax: 420 billion yen</li> <li>Profit for the period attributable to owners of parent: 300 billion yen</li> </ul> <p class="mod-caption">Currency rate assumptions: 142 yen/US$, 153 yen/euro</p> <!-- アコーディオンの中身 End --> </div><!-- /mod-accordion-contents --> </li><!-- リスト End --> <li><!-- リスト Start --> <div class="mod-accordion accordion-toggle">Forecast of Consolidated Results for FYE2025 <span>(*Announced on May 13, 2024)</span></div> <div class="mod-accordion-contents"> <!-- アコーディオンの中身 Start --> <div class="component-table sp-scroll w-800 mod-paragraph"> <!--<p class="mod-asof">Announced on May 13, 2024</p>--> <p class="mod-caption align-right">(100 Millions of yen)</p> <table> <thead> <tr> <th colspan="2" class="w-250"></th> <th class="w-200">FYE2024<br>Full Year<br>Results</th> <th class="w-200">FYE2025<br>Full Year<br>Forecast</th> <th class="w-150">Change</th> <th class="w-150">%</th> </tr> </thead> <tbody> <tr> <th colspan="2">Revenue</th> <td class="align-right">47,029</td> <td class="align-right">47,200</td> <td class="align-right">171</td> <td class="align-right">0.4%</td> </tr> <tr> <th colspan="2">Operating profit</th> <td class="align-right">4,682</td> <td class="align-right">4,000</td> <td class="align-right">&minus;682</td> <td class="align-right">&minus;14.6%</td> </tr> <tr> <th colspan="2">Profit before tax</th> <td class="align-right">5,326</td> <td class="align-right">4,200</td> <td class="align-right">&minus;1,126</td> <td class="align-right">&minus;21.1%</td> </tr> <tr> <th colspan="2" nowrap>Profit for the period attributable<br> to owners of parent</th> <td class="align-right">3,851</td> <td class="align-right">3,000</td> <td class="align-right">&minus;851</td> <td class="align-right">&minus;22.1%</td> </tr> <tr> <th colspan="2">Consolidated unit sales<br> (1,000 units)</th> <td class="align-right">976</td> <td class="align-right">980</td> <td class="align-right">4</td> <td class="align-right">0.4%</td> </tr> <tr> <th rowspan="2" class="borderT-none" style="width:50px;" >&nbsp;</th> <th>Overseas</th> <td class="align-right">878</td> <td class="align-right">872</td> <td class="align-right">&minus;6</td> <td class="align-right">&minus;0.6%</td> </tr> <tr> <th>Japan</th> <td class="align-right">99</td> <td class="align-right">108</td> <td class="align-right">9</td> <td class="align-right">9.4%</td> </tr> <tr> <th colspan="2">SUBARU exchange rate</th> <td class="align-right">&yen;144/US$<br> &yen;154/EURO</td> <td class="align-right">&yen;142/US$<br> &yen;153/EURO</td> <td class="align-right">&nbsp;</td> <td class="align-right">&nbsp;</td> </tr> </tbody> </table> </div> <p class="mod-paragraph">The forecast for the full fiscal year of FYE 2025 remains unchanged from the previous announcement made on May 13, 2024.</p> <p class="mod-caption">Forecast for FYE 2025 (Announced on May 13, 2024):</p> <ul class="mod-ul mod-caption"> <li>Revenue: 4,720 billion yen</li> <li>Operating profit: 400 billion yen</li> <li>Profit before tax: 420 billion yen</li> <li>Profit for the period attributable to owners of parent: 300 billion yen</li> </ul> <p class="mod-caption">Currency rate assumptions: 142 yen/US$, 153 yen/euro</p> <!-- アコーディオンの中身 End --> </div><!-- /mod-accordion-contents --> </li><!-- リスト End --> </ul> </div><!-- /inner__block --> <!-- アコーディオン終了位置 --> </div><!-- /inner --> </section> </article> </main><!-- /main --> <aside class="component-socialmedia snsen"> <ul> <li class="icon-youtube"><a href="https://www.youtube.com/user/SUBARUOnTube" target="_blank"><b>YouTube</b> (Japanese)<br> SUBARU On-Tube</a></li> <li class="icon-youtube"><a href="https://www.youtube.com/user/SubaruGlobalTV" target="_blank"><b>YouTube</b> (English)<br> SUBARU GLOBAL TV</a></li> <li class="icon-facebook"><a href="https://www.facebook.com/SUBARU.jp" target="_blank"><b>Facebook</b> (Japanese)<br> SUBARU</a></li> <li class="icon-twitter"><a href="https://twitter.com/SUBARU_CORP" target="_blank"><b>X</b> (Japanese)<br> @SUBARU_CORP</a></li> <li class="icon-instagram"><a href="https://www.instagram.com/subaru.jp/" target="_blank"><b>Instagram</b> 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