Consolidated unit sales in Japan increased by 2,000 units (3.1%) year on year to 78,000 units, owing to strong sales of the Forester.
Overseas consolidated unit sales decreased by 34,000 units (5.4%) year on year to 598,000 units, as strong sales of the Forester in our key market of the United States were outweighed by declines in production associated with construction work in preparation for in-house production of BEVs.
As a result, combined domestic and overseas unit sales decreased by 32,000 units (4.5%) year on year to 676,000 units.

Consolidated revenue decreased by 17.4 billion yen (0.5%) year on year to 3,519.0 billion yen, due to declines in unit sales and the negative impact of foreign exchange fluctuations, despite efforts to improve price & mixture and to control sales incentives.

As for consolidated earnings, operating profit decreased by 302.9 billion yen (82.0%) year on year to 66.3 billion yen, owing to the rising impact of additional tariffs in the U.S., increases in other expenses, and higher research and development expenses, in addition to the reasons given above. Profit before tax fell by 307.0 billion yen (72.1%) year on year to 119.0 billion yen, while profit for the period attributable to owners of parent declined by 234.3 billion yen (73.8%) year on year to 83.1 billion yen.

• Consolidated Financial Results for the First Half of FYE2026 (April 1, 2025 to September 30, 2025)

  (100 Millions of yen)

  		FYE2025 2Q Results	FYE2026 2Q Results	Change
  Revenue		22,662	23,857	＋1,195
  Operating profit		2,220	1,027	−1,193
  Profit before tax		2,210	1,295	−915
  Profit for the period attributable to owners of parent		1,630	904	−726
  Consolidated unit sales (1,000 units)		450	473	＋23
  	Overseas	400	421	＋21
  	Japan	50	52	＋2
  SUBARU exchange rate		¥154/US$ ¥164/EURO	¥146/US$ ¥165/EURO

  Consolidated unit sales in Japan for the six months ended September 30, 2025 increased by 2,000 units (4.5%) year on year to 52,000 units, owing to strong sales of Forester. Overseas consolidated unit sales increased by 21,000 units (5.3%) year on year to 421,000 units, owing to strong sales of Crosstrek, Outback, and Forester in our mainstay market of the United States. As a result of the above, combined domestic and overseas unit sales increased by 23,000 units (5.2%) year on year to 473,000 units.

  Consolidated revenue for the six months ended September 30, 2025 increased by 119.5 billion yen (5.3%) year on year to 2,385.7 billion yen due to an increase in unit sales, improvements in price & mixture, and other factors, and despite the negative impact of foreign exchange fluctuations.

  Consolidated operating profit decreased by 119.3 billion yen (53.8%) year on year to 102.7 billion yen, owing to the impact of additional tariffs in the U.S., increases in research and development expenses, and rising prices for raw materials, in addition to the reasons given above. Profit before tax fell by 91.5 billion yen (41.4%) year on year to 129.5 billion yen, while profit for the period attributable to owners of parent declined by 72.6 billion yen (44.5%) year on year to 90.4 billion yen.

• Consolidated Financial Results for the First Quarter of FYE2026 (April 1, 2025 to June 30, 2025)

  (100 Millions of yen)

  		FYE2025 1Q Results	FYE2026 1Q Results	Change	%
  Revenue		10,921	12,141	1,220	11.2%
  Operating profit		911	764	−147	−16.2%
  Profit before tax		1,080	785	−296	−27.4%
  Profit for the period attributable to owners of parent		840	548	−292	−34.7%
  Consolidated unit sales (1,000 units)		212	244	32	15.1%
  	Overseas	189	220	31	16.6%
  	Japan	23	24	1	3.2%
  SUBARU exchange rate		¥153/US$ ¥164/EURO	¥146/US$ ¥162/EURO

  Consolidated unit sales in Japan for the three months ended June 30, 2025 increased by 1,000 units (3.2%) year on year to 24,000 units. Overseas consolidated unit sales in our mainstay market of the United States increased from the previous fiscal year by 31,000 units (16.6%) to 220,000 units, owing to strong sales of Forester and Crosstrek. As a result of the above, combined domestic and overseas consolidated unit sales increased by 32,000 units (15.1%) year on year to 244,000 units.
  Consolidated revenue for the three months ended June 30, 2025 increased by 122.0 billion yen (11.2%) year on year to 1,214.1 billion yen due to increase in unit sales and other factors, and despite the negative impact of foreign exchange fluctuations.
  Consolidated operating profit decreased by 14.7 billion yen (16.2%) year on year to 76.4 billion yen, owing to the impact of additional tariffs in the U.S., increases in research and development expenses, and rising prices for raw materials, in addition to the reasons given above. Profit before tax fell by 29.6 billion yen (27.4%) year on year to 78.5 billion yen, while profit for the period attributable to owners of parent declined by 29.2 billion yen (34.7%) year on year to 54.8 billion yen.

• Consolidated Financial Results for FYE2025 (April 1, 2024 to March 31, 2025)

  (100 Millions of yen)

  		FYE2024 Full Year Results	FYE2025 Full Year Results	Change	%
  Revenue		47,029	46,858	−172	−0.4%
  Operating profit		4,682	4,053	−629	−13.4%
  Profit before tax		5,326	4,485	−841	−15.8%
  Profit for the period attributable to owners of parent		3,851	3,381	−470	−12.2%
  Consolidated unit sales (1,000 units)		976	936	−40	−4.1%
  	Overseas	878	832	−45	−5.2%
  	Japan	99	104	5	5.4%
  SUBARU exchange rate		¥144/US$ ¥154/EURO	¥152/US$ ¥162/EURO

  Consolidated unit sales in Japan increased by 5.4% to 104,000 units, driven by steady demand for passenger vehicles such as the Forester, Outback, and the next-generation hybrid Crosstrek. While retail sales in the key U.S. market continued to show strong momentum, posting year-over-year growth for 32 consecutive months through March, consolidated overseas unit sales, which primarily consist of wholesale sales by consolidated distributors to local retailers, decreased by 5.2% to 832,000 units, reflecting adjusted shipment volumes in line with current sales trends and inventory levels in overseas markets. As a result, global consolidated unit sales declined by 4.1% to 936,000 units.
  Accordingly, production in Japan was 602,000 units, roughly the same level as the previous year, while overseas production decreased by 6.3% to 345,000 units, resulting in a 2.4% decline in global production to 946,000 units.
  Consolidated revenue decreased by 0.4% to 4,685.8 billion yen, as positive contributions from new model launches, pricing initiatives, and favorable exchange rates were more than offset by factors such as increased sales incentives due to the competitive environment overseas and lower sales volume.
  Operating profit declined by 13.4% to 405.3 billion yen, profit before tax fell by 15.8% to 448.5 billion yen, and profit for the period attributable to owners of parent was down 12.2% to 338.1 billion yen, mainly due to the same factors impacting consolidated revenue.

For more details, please refer to Financial results.