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    7270   JP3814800003

SUBARU CORPORATION

(7270)
  Report
Delayed Japan Exchange  -  09:04 2022-12-04 pm EST
2215.00 JPY   -0.94%
11/29Subaru : Solterra Awarded Maximum Five Star Rating in 2022 Euro NCAP Safety Test
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11/29Subaru : Announces Production, Japan Sales and Export Results for October 2022
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11/17Subaru : World Premier of All-New Subaru Impreza
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No worries about U.S. demand for now, Japan's Subaru says

08/03/2022 | 04:17am EST
The 2020 Subaru Outback is revealed at the 2019 New York International Auto Show in New York City

TOKYO (Reuters) - Japan's Subaru Corp expects strong demand from U.S. car buyers to continue, a senior executive said on Wednesday, amid growing concern about a slowdown in the world's largest economy.

Chief Financial Officer Katsuyuki Mizuma's confidence highlights the split between consumers struggling to afford basic necessities amid record inflation and those with the resources to continue spending on bigger-ticket purchases.

Last week Walmart sounded a clear warning about the health of the U.S. economy as its customers focus their spending on food and other essentials but skip items like clothes and sporting goods.

Subaru has a backorder of about 50,000 vehicles and retailers only have between 4 to 5 days worth of stock in the U.S., Mizuma said.

The automaker sold 19% more cars in the U.S. for the first quarter year-on-year, the biggest growth of any region. It expects U.S. sales to grow by around a quarter this fiscal year, to 636,000.

The maker of the Forester sports utility vehicle is not the only Japanese automaker to be relatively bullish on North America demand lately.

Mitsubishi Motors said it saw robust demand for new cars for the three months to June 30 and could not keep up with supply. Nissan Motor Co was also confident about its outlook in the United States and said the increase in sales volumes would offset negative factors such as inflation or higher interest rates.

(Reporting by Satoshi Sugiyama; editing by David Dolan and Elaine Hardcastle)

By Satoshi Sugiyama


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
MITSUBISHI MOTORS CORPORATION -2.72% 574 Delayed Quote.83.49%
NISSAN MOTOR CO LTD -2.68% 462 Delayed Quote.-14.61%
SUBARU CORPORATION -0.96% 2215 Delayed Quote.8.70%
WALMART INC. -0.10% 153.22 Delayed Quote.5.90%
All news about SUBARU CORPORATION
11/29Subaru : Solterra Awarded Maximum Five Star Rating in 2022 Euro NCAP Safety Test
PU
11/29Subaru : Announces Production, Japan Sales and Export Results for October 2022
PU
11/17Subaru : World Premier of All-New Subaru Impreza
PU
11/15Subaru : FYE2023 Q2 Analyst Briefing Q&
PU
11/10Mazda says demand is strong but expects slowdown in U.S. from next spring
RE
11/10Subaru : Presentation of Business Results (with transcripts
PU
11/08Subaru : earns three 2022 IIHS TOP SAFETY PICK+ Awards (Applies to US models only)
PU
11/02Subaru Corporation Announces Consolidated Financial Results for the First Half of FYE 2..
AQ
11/02Subaru says U.S. vehicle demand strong amid economic slowdown fears
RE
11/02Nikkei 225 Steady Ahead of Federal Reserve Meeting
MT
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Analyst Recommendations on SUBARU CORPORATION
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Financials
Sales 2023 3 868 B 28 583 M 28 583 M
Net income 2023 219 B 1 622 M 1 622 M
Net cash 2023 656 B 4 844 M 4 844 M
P/E ratio 2023 7,81x
Yield 2023 3,61%
Capitalization 1 715 B 12 672 M 12 672 M
EV / Sales 2023 0,27x
EV / Sales 2024 0,22x
Nbr of Employees 36 910
Free-Float 77,7%
Chart SUBARU CORPORATION
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Technical analysis trends SUBARU CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 2 236,00 JPY
Average target price 2 811,88 JPY
Spread / Average Target 25,8%
EPS Revisions
Managers and Directors
Tomomi Nakamura Executive Officer & Deputy GM-Global Marketing
Katsuyuki Mizuma CFO, Director & Chief Risk Management Officer
Kazuo Hosoya Deputy General Manager-Domestic Sales
Takuji Dai Chief Information Officer
Tetsuro Fujinuki Chief Technology Officer
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