Business Performance of FYE 2020
Performance in FYE 2020
|Profit before tax*3||1,860||2,077||216|
|Profit for the period attributable
to owners of parent*4
|Subaru Exchange Rate||¥111/US$
|Consolidated Automobile Sales
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.
Consolidated Automobile Sales
Business Plan of FYE 2021
Projection of Consolidated Results for FYE 2021
In response to the spread of COVID-19, we suspended plant operations in Japan (Gunma Plant) and overseas (plant in the U.S. at Subaru of Indiana Automotive, Inc.). We resumed operations on May 11, but plan to operate at adjusted levels of production for the time being. In terms of sales activity, many dealers in the mainstay U.S. market continue to face various restrictions.
We withhold release of consolidated earnings forecast for the fiscal year ending March 2021 as it remains uncertain at this point when the COVID-19 situation may be resolved, and it is difficult to reasonably estimate its impact on the Group's production, sales and other business activities. We plan to disclose estimated consolidated earnings and dividend payout forecast for the year ending March 2021, as soon as we can make calculations for them.