Results for April-
Global production increased 15.9% to 493,000 units as a result of continued initiatives in production and parts purchasing.
Production in
As a result of the production increase, global unit sales rose 17.8% to 469,000 units, led by steady sales in Subaru's key U.S. market.
Due to the increase in unit sales and other factors, consolidated revenue rose 26.4% to
Results for April-
As sales volume growth, the effects of foreign exchange rates, and other factors more than offset the increases in raw material costs and SG&A expenses, operating profit rose 68.3% to
Forecast for FYE 2024
As the effects of foreign exchange rates, an improvement in sales mix, and a decline in market prices, particularly for precious metals, are expected to more than offset the increase in SG&A expenses and potential constraints in parts supply and logistics, the Company is revising its previous forecasts for FYE 2024 (announced on
Revenue:
Operating profit:
Profit before tax:
Profit for the period attributable to owners of parent:
Reflecting the upward revision of the full-year earnings forecast based on the first-half results, and to commemorate the 70th anniversary of the Company's founding, the Company has decided to pay an interim dividend of
The forecasts for FYE 2024 are based on exchange rate assumptions of
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 Second Quarter of FYE 2024 Consolidated Financial Results
https://www.subaru.co.jp/news-en/2023_11_02_141028/
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