Subaru : < Reference for FYE2017 Consolidated Financial Results >
May 09, 2017 at 03:25 am EDT
Share
May 9, 2017
Subaru Corporation
(Yen in 100 Millions, Units in Thousands)
RESULTS
FYE2016
2015.4 - 2016.3
RESULTS
FYE2017
2016. 4 - 2017. 3
FORECASTS
FYE2018
2017. 4 - 2018. 3
Change
%
Change
%
Net sales
32,323
33,260
937
2.9
34,200
940
2.8
Japan
6,054
6,503
449
7.4
6,680
176
2.7
Overseas
26,269
26,756
488
1.9
27,520
764
2.9
Operating income
Profit margin (%)
5,656
17.5
4,108
12.4
(1,548)
(27.4)
4,100
12.0
(8)
(0.2)
Ordinary income
Profit margin (%)
5,770
17.9
3,943
11.9
(1,826)
(31.7)
4,100
12.0
157
4.0
Net income attributable to
owners of parent Profit margin (%)
4,367
13.5
2,824
8.5
(1,543)
(35.3)
2,850
8.3
26
0.9
Factors contributing to change in operating income
Improvements on model
mix, etc. 1,377
Improvements on model
mix, etc. 328
Cost reduction effort, etc. 322
Gain on currency 211
exchange
Increase in SG&A exp, etc. (1,691)
Increase in SG&A exp, etc. (278)
Loss on currency (1,438)
exchange
Increase in R&D exp (198)
Increase in R&D exp (118)
Increase in raw material (71)
costs, etc.
Exchange rates JPY/US$ JPY/EUR
121/US$
133/EUR
108/US$
119/EUR
110/US$
120/EUR
Capital expenditures
1,357
1,585
1,500
Depreciation and amortization
650
770
920
R&D expenses
1,024
1,142
1,340
Interest bearing debts
1,700
1,483
1,000
Performance description
5th consecutive year of net sales
Profits decline for first time in 5 years.
Record unit sales and net sales.
increase.
6th consecutive year of net sales
2nd consecutive year of operating income decrease.
Record unit sales and net sales.
increase.
Consolidated unit sales (Japan)
145
159
14
9.4
172
13
8.3
Passenger Cars
112
126
15
13.3
134
8
6.2
Minicars
34
33
(1)
(3.4)
38
5
16.3
Consolidated unit sales (Overseas)
813
906
93
11.4
933
28
3.1
North America
630
721
90
14.3
742
22
3.0
Europe
48
46
(1)
(2.6)
46
0
(1.0)
China
44
44
0
(0.9)
42
(2)
(3.9)
Other
90
95
4
4.7
103
8
8.8
Consolidated unit sales total
958
1,065
107
11.1
1,106
41
3.8
Production units total
951
1,056
105
11.0
1,091
35
3.3
Japan
715
721
6
0.8
710
(11)
(1.5)
U.S.
236
335
99
42.1
381
46
13.7
Net sales by business segment
Automobile
30,394
31,520
1,125
3.7
Aerospace
1,528
1,388
(140)
(9.2)
Other
400
353
(48)
(11.9)
Operating income by business segment
Automobile
5,436
3,977
(1,460)
(26.8)
Aerospace
182
91
(91)
(50.0)
Other
30
35
5
17.1
Elimination &
Corporate
8
5
(2)
(31.0)
"Exchange rates" are the rates used for Subaru Corporation's non-consolidated sales recording.
"Consolidated unit sales" include retail sales of Japanese consolidated dealers, wholesale sales of overseas consolidated distributors, and deliveries from Subaru Corporation to non-consolidated distributors/dealers.
"Production in Japan" includes production of the 86 models for Toyota.
Subaru Corp. published this content on 09 May 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 May 2017 07:25:18 UTC.
Original documenthttps://www.subaru.co.jp/press/news-en/2017_05_09_4068/
Public permalinkhttp://www.publicnow.com/view/DCCA247C95B4FC0638669918F2541D2DEEAC04B5
Subaru Corporation specializes in the production and marketing of automotive vehicles. The group also develops aeronautical construction activity. Net sales (including intragroup) break down by activity as follows:
- sale of vehicles (96.7%): mini-cars and individual cars (860,000 units sold in 2020/21; brands Legacy, Impreza, Forester, Exiga, etc.);
- sale of aircrafts (3.1%);
- other (0.2%): primarily manufacturing of industrial equipment (engines, pumps, electric generators, etc.).
Net sales break down geographically as follows: Japan (17.6%), Asia (3.3%), North America (73.6%), Europe (1.9%) and other (3.6%).
SUBARU CORPORATION 
