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November 5, 2021

Revision of Financial Forecast
for the Fiscal Year Ending 2022 (from April 1 to March 31, 2022)

Company name: SUBARU CORPORATION
Representative: Tomomi Nakamura, Representative Director, President and CEO
Code number: 7270 (First Section of Tokyo Stock Exchange)
Contact for inquiries: Yasushi Nagae, Vice President
and General Manager of Investor Relations Department
Phone: +81-3-6447-8825

Considering the current business trend, Subaru Corporation has announced the revision of financial forecast for the fiscal year ending March 31, 2022 (from April 1 to March 31, 2022) which was released at the timing of consolidated financial results announcement on August 3, 2021.

1. Revision of consolidated financial forecast for the fiscal year ending 2022 (from April 1 to March 31, 2022)

Revenue Operating
profit
Profit before
tax
Profit for the
period
attributable to
owners of
parent
Profit for
the period
per share,
basic
Previous forecast (A) Millions of yen
3,300,000
Millions of yen
200,000
Millions of yen
203,000
Millions of yen
140,000
Yen
182.56
Revised forecast (B) 2,900,000 150,000 155,000 110,000 143.44
Increase and decrease (B-A) -40,000 -50,000 -48,000 -30,000  
Change of percentage (%) -12.1 -25.0 -23.6 -21.4  
(Ref.) Actual results of previous
fiscal year (Ended March 2021)
2,830,210 102,468 113,954 76,510 99.77

2. Reason for the revision

Considering the impact on our production caused by the delay in certain parts supplies due to the spread of the coronavirus in Southeast Asia as well as the global shortage of semiconductors, the Company has revised the consolidated financial forecasts for the fiscal year ending March 31, 2022 from the previous announcement made on August 3, 2021.
The revised forecasts are based on exchange rates assumptions of ¥110/US$ (previously ¥109/US$) and ¥130/EUR (unchanged from the previous announcement).

3. Dividends

There is no revision of dividend forecast.

Note: Forward-looking statements in this document including financial and other forecasts are based on the information available at the time of announcement and are subject to various risks and uncertainties that could cause actual results to vary materially.

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