Latest Results and Forecast
Consolidated Financial Results
for the First Quarter of FYE2027
(April 1, 2026 to Jun 30, 2026)
(100 Millions of yen)
| FYE2026 1Q Results |
FYE2027 1Q Results |
Change | ||
|---|---|---|---|---|
| Revenue | 12,141 | 12,509 | ＋368 | |
| Operating profit | 764 | 426 | −338 | |
| Profit before tax | 785 | 614 | −170 | |
| Profit for the period attributable to owners of parent |
548 | 492 | −57 | |
| Consolidated unit sales (1,000 units) |
244 | 220 | −23 | |
| Overseas | 220 | 197 | −23 | |
| Japan | 24 | 23 | −0 | |
| SUBARU exchange rate | ¥146/US$ ¥162/EURO |
¥159/US$ ¥184/EURO |
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Revenue for the three months ended June 30, 2026 increased by 36.8 billion yen (3.0%) year on year to 1,250.9 billion yen.
Operating profit decreased by 33.8 billion yen (44.3%) year on year to 42.6 billion yen, despite favorable foreign exchange effects, a reduction in the impact of U.S. tariffs and cost reduction efforts, due to a decline in unit sales, an increase in sales incentives, and higher raw material costs and unfavorable market conditions.
Profit before tax fell by 17.0 billion yen (21.7%) year on year to 61.4 billion yen, and profit for the period attributable to owners of parent declined by 5.7 billion yen (10.3%) year on year to 49.2 billion yen.
Forecast of Consolidated Results for FYE2027
(April 1,2026 to March 31,2027)
Announced on Aug 5, 2026
| FYE2026 Full Year Results |
FYE2027 Full Year Forecast |
Change | % | ||
|---|---|---|---|---|---|
| Revenue | 47,850 | 52,000 | ＋4,150 | ＋8.7% | |
| Operating profit | 401 | 1,500 | ＋1,099 | ＋273.9% | |
| Profit before tax | 1,075 | 1,800 | ＋725 | ＋67.5% | |
| Profit for the year attributable to owners of parent |
908 | 1,300 | ＋392 | ＋43.1% | |
| Consolidated unit sales (1,000 units) |
896 | 940 | ＋44 | ＋4.9% | |
| Overseas | 793 | 832 | ＋39 | ＋4.9% | |
| Japan | 103 | 108 | ＋5 | ＋5.1% | |
| SUBARU exchange rate | ¥150/US$ ¥174/EURO |
¥155/US$ ¥180/EURO |
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In fiscal 2027, the business environment is expected to remain challenging, reflecting factors such as higher raw material costs, adverse precious metal market conditions, and the impact of the Middle East situation.
Under these circumstances, the SUBARU Group will position the fiscal year as a period to steadily translate the outcomes of initiatives based on the “SUBARU Management Policy 2025” into profit.
In addition to expanding the product lineup of ICE* /HEV models such as Forester and Crosstrek, as well as alliance BEVs, the Group will further enhance flexibility in mixed-model production, while strengthening adjustments to production and sales across markets. Through these efforts, the Group aims to maintain steady sales in the increasingly competitive U.S. market, while steadily expanding unit sales in global markets, including Japan and Canada. As a result, the consolidated forecast calls for revenue of 5,200.0 billion yen and operating profit of 150.0 billion yen. The assumed exchange rate for the full-year consolidated forecast is 155 yen to the US dollar (compared with 150 yen in the previous fiscal year).
*ICE: Internal Combustion Engine