SUBARU CORPORATION November 2, 2023
Company Name: SUBARU CORPORATION
Representative: Atsushi Osaki, Representative Director, President and CEO Securities Code: 7270 (Tokyo Stock Exchange Prime Market)
Contact for inquiries: Yasushi Nagae, Vice President and General Manager of Investor Relations Department Phone: +81-3-6447-8825
Revision of Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2024
(from April 1, 2023 to March 31, 2024)
Considering the recent business performance, Subaru Corporation (the "Company") has revised upward the financial forecast for the fiscal year ending March 31, 2024 from the previous announcement made on May 11,
2023 as follows:
1. Financial forecast
Consolidated financial forecast for the fiscal year ending March 2024 (from April 1, 2023 to March 31, 2024)
Profit for the | Profit for the | ||||
period per share | |||||
Operating | Profit before | period | |||
Revenue | attributable to | ||||
profit | tax | attributable to | |||
owners of | |||||
owners of parent | |||||
parent, basic | |||||
Previous forecast (A) | Millions of yen | Millions of yen | Millions of yen | Millions of yen | Yen |
4,200,000 | 300,000 | 300,000 | 210,000 | 273.81 | |
Revised forecast (B) | 4,650,000 | 420,000 | 460,000 | 320,000 | 422.55 |
Increase/Decrease (B-A) | 450,000 | 120,000 | 160,000 | 110,000 | |
Percentage change (%) | 10.7 | 40.0 | 53.3 | 52.4 | |
(Ref.) Results for previous | |||||
fiscal year | 3,774,468 | 267,483 | 278,366 | 200,431 | 261.33 |
(FYE March 2023） |
2. Reason for the revision
Despite an increase in SG&A expenses and potential constraints in parts supply and logistics, the Company revises the consolidated financial forecast for the fiscal year ending March 31, 2024 from the previous announcement made on May 11, 2023 to reflect the expected effects of higher sales and profits from exchange rate fluctuations, as well as an improvement in sales mix and a decline primarily in the precious metal market. Exchange rates assumed for forecast of the full-year consolidated earnings are 140 yen per US dollar (previously 128 yen per US dollar) and 150 yen per euro (previously 138 yen per euro).
Note: The above forecast is based on the information available as of the date of announcement of the present material and actual results may vary due to various factors.
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Disclaimer
Subaru Corp. published this content on 02 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2023 04:18:47 UTC.
