Revision of Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2026
- Company name:
- SUBARU CORPORATION
- Name of representative:
- Atsushi Osaki, Representative Director, President and CEO
(Securities code: 7270; Tokyo Stock Exchange Prime Market)
- Inquiries:
- Takuma Noguchi, General Manager of Investor Relations Department
(Telephone: +81-3-6447-8825)
Subaru Corporation (the “Company”) has revised its consolidated financial forecast for the fiscal year ending March 31, 2026, which was previously announced on February 6, 2026 as follows:
1. Financial Forecast
Consolidated Financial Forecast for the Fiscal Year Ending March 2026 (April 1, 2025 - March 31, 2026)
| Revenue | Operating profit |
Profit before tax |
Profit for the year attributable to owners of parent |
Profit for the year per share attributable to owners of parent, basic |
|
| Previous forecast (A) | Millions of yen 4,800,000 |
Millions of yen 130,000 |
Millions of yen 180,000 |
Millions of yen 125,000 |
Yen 172.72 |
| Revised forecast (B) | 4,780,000 | 40,000 | 107,000 | 90,000 | 124.33 |
| Increase and decrease (B-A) | (20,000) | (90,000) | (73,000) | (35,000) | |
| Change of percentage (%) | (0.4) | (69.2) | (40.6) | (28.0) | |
| (Ref.) Results for the previous fiscal year ended March 31, 2025 |
4,685,763 | 405,308 | 448,507 | 338,062 | 458.03 |
2. Reason for the revision
Operating profit for the fiscal year ending March 31, 2026 is expected to decrease by 69.2% from the previous forecast to 40.0 billion yen. This decrease is mainly attributable to a decline in vehicle sales volume and the impact of changes in environmental regulations in the U.S. The decline in vehicle sales volume was due to a cold wave in the U.S., as well as constraints on overseas‑bound shipping operations resulting from tensions in the Middle East. Furthermore, in light of the changes in automotive environmental regulations in the U.S. during the fiscal year, the Company revised its medium- to long-term demand outlook for electrified vehicles in the U.S. As a result, the Company reassessed the recoverability of development assets related to its battery EVs and recognized an impairment loss. In addition, the related costs of this revision were recognized as expenses in the fiscal year based on reasonable estimates using currently available information.
3. Dividends
There is no change to the dividend forecast.
