Business performance

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

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.

The main driver was a gain on currency exchange of 96.0 billion yen, caused by the approximately 9 yen depreciation of the yen against the U.S. dollar.
The main factor working to reduce profit was the negative impact in sales volume & mixture, etc. of 123.1 billion yen, due to the decrease in unit sales and the increase of sales incentives.
There was also a negative impact of 28.9 billion yen from higher R&D expenses, however that was according to the original plan in preparation for the introduction of electrified products.