Business performance
Business Performance of FYE 2020
Performance in FYE 2020
(100 Millions of yen)
FYE 2019 RESULTS |
FYE 2020 RESULTS |
Change | |
---|---|---|---|
Revenue*1 | 31,562 | 33,441 | 1,880 |
Operating profit*2 | 1,817 | 2,103 | 286 |
Profit before tax*3 | 1,860 | 2,077 | 216 |
Profit for the period attributable to owners of parent*4 |
1,414 | 1,526 | 112 |
Subaru Exchange Rate | ¥111/US$ ¥129/EURO |
¥109/US$ ¥121/EURO |
−¥2/US$ −¥9/EURO |
Consolidated Automobile Sales (1,000 units) |
1,001 | 1,034 | 33 |
Consolidated revenue*1 rose 6.0% to 3,344.1 billion yen due to unit sales growth and other factors. Operating profit*2 increased 15.7% to 210.3 billion yen as a result of unit sales growth and other efforts including sales incentive control. Profit before tax*3 rose 11.6% to 207.7 billion yen. Profit for the period attributable to owners of parent*4 grew 7.9% to 152.6 billion yen.
* The Company is voluntarily adopting International Financial Reporting Standards (IFRS) for its consolidated financial statements from the fiscal year ending March 2020 (FYE2020) in place of the Japanese generally accepted accounting principles (JGAAP) previously adopted. The first-quarter and full-year result figures for the previous fiscal year (FYE2019) have been recalculated based on IFRS for comparison and analysis purposes.
- *1
- "Net sales" in JGAAP is stated as "revenue" in IFRS.
- *2
- "Operating income" in JGAAP is stated as "operating profit" in IFRS.
- *3
- "Income before income taxes" in JGAAP is stated as "profit before tax" in IFRS.
- *4
- "Net income attributable to owners of parent" in JGAAP is stated as "profit for the period attributable to owners of parent" in IFRS.

Consolidated Automobile Sales
Business Plan of FYE 2021
Projection of Consolidated Results for FYE 2021

In light of the faster-than-expected sales recovery especially in the U.S., the Company revises its previous forecasts for FYE 2021 (announced on August 4, 2020) and projects consolidated global vehicle sales of 911,000 units (down 11.9% from the previous year), consolidated revenue of 2,950 billion yen (down 11.8%), operating profit of 110 billion yen (down 47.7%), profit before tax of 117 billion yen (down 43.7%), and profit for the period attributable to owners of parent of 80 billion yen (down 47.6%). The projections are based on exchange rate assumptions of 106 yen to the U.S. dollar and 120 yen to the euro.
(* Forecast as of November 4, 2020)