Latest Results and Forecast

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.
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.

• Consolidated Financial Results for FYE2024 (April 1, 2023 to March 31, 2024)

  (100 Millions of yen)

  		FYE2023 Full Year Results	FYE2024 Full Year Results	Change	%
  Revenue		37,745	47,029	9,285	24.6%
  Operating profit		2,675	4,682	2,007	75.0%
  Profit before tax		2,784	5,326	2,542	91.3%
  Profit for the period attributable to owners of parent		2,004	3,851	1,847	92.1%
  Consolidated unit sales (1,000 units)		852	976	124	14.5%
  	Overseas	753	878	125	16.6%
  	Japan	100	99	−1	−0.8%
  SUBARU exchange rate		¥135/US$ ¥141/EURO	¥144/US$ ¥154/EURO

  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.
  Production in Japan rose 4.7% to 602,000 units, while production in the U.S. grew 23.0% to 368,000 units.
  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.
  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.
  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.

• For more details, please refer to Financial results.