Komori
Results7270SUBARU CORPORATIONAutomobiles and Transportation Equipment

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [IFRS] (Consolidated)

In the first half of the fiscal year ending March 2027, revenue increased 5.4% year on year and operating profit increased 12.9%, resulting in higher revenue and profit. The full-year earnings forecast and annual dividend forecast remain unchanged.

Worth reading
46Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
12.9
%
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedIFRS
Net Sales2,513,430million yenYear on year +5.4%Progress 48.3%
Operating profit115,955million yenYear on year +12.9%Progress 77.3%
Ordinary income138,965million yenYear on year +7.3%Progress 77.2%
Net income attributable to owners of the parent102,088million yenYear on year +12.9%Progress 78.5%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥144.65
Financial position at period-end
Total assets5,379,148million yen
of which net assets 2,751,508 million yenEquity ratio 51.1%vs. prior year-end +0.5pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating+207,739
Investment-80,555
Financials-163,586
Net change-36,402

Stacked from zero: upward is an increase in cash, downward a decrease (in million yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period959,302 million yen
Segment revenueAutomotive 2,434,936 million yen (YoY +4.8%), Aerospace business 76,120 million yen (YoY +27.9%), Other businesses 2,374 million yen (YoY -8.7%)
Segment profitAutomotive 110,682 million yen (YoY +13.8%), Aerospace business 1,634 million yen (YoY -19.3%), Other businesses 3,352 million yen (YoY +9.8%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales5,200,000 million yen (YoY +8.7%)
Operating profit150,000 million yen (YoY +273.9%)
Ordinary income180,000 million yen (YoY +67.5%)
Net income130,000 million yen (YoY +43.1%)
Annual Dividend Forecast115.5 yen → 116 yen(+0.4%)
Factors Behind Changes in Business Performance

Profit increased due to the impact of the weaker yen, an improved price mix, the reduced impact of U.S. tariffs, cost reductions and lower warranty repair costs, while higher raw material costs, deteriorating market conditions, lower unit sales and higher sales incentives weighed on profit.

Disclosure regarding the going concern assumption

Not applicable

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Not disclosed / Excluded 12 companies (スバル信州株式会社, 岐阜スバル自動車株式会社, 京都スバル自動車株式会社, 西九州スバル株式会社, and 8 other domestic Subaru sales subsidiaries)
Material subsequent eventsNone
Depreciation and amortization150,272 million yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Analysts and institutional investors
Issued Shares at Period-End717,335,273
Treasury Shares at Period-End27,941,896
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsIFRS
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales2,513,430 million yen (YoY +5.4%)
Operating profit115,955 million yen (YoY +12.9%)
Ordinary income138,965 million yen (YoY +7.3%)
Profit attributable to owners of the parent102,088 million yen (YoY +12.9%)
Net income per share¥144.65
Equity ratioEnd of the current fiscal period 51.1 / End of previous period 50.6
Total assets5,379,148 million yen
Net assets2,751,508 million yen
Cash flows from operating activities207,739 million yen
Cash flows from investing activities-80,555 million yen
Cash flows from financing activities-163,586 million yen
Cash and cash equivalents at end of period959,302 million yen
Full-year earnings forecastNet Sales 5,200,000 million yen (YoY +8.7%) / Operating profit 150,000 million yen (YoY +273.9%) / Ordinary income 180,000 million yen (YoY +67.5%) / Net income 130,000 million yen (YoY +43.1%)
Annual Dividend Forecast115.5 yen → 116 yen(+0.4%)
Segment revenueAutomotive 2,434,936 million yen (YoY +4.8%), Aerospace business 76,120 million yen (YoY +27.9%), Other businesses 2,374 million yen (YoY -8.7%)
Segment profitAutomotive 110,682 million yen (YoY +13.8%), Aerospace business 1,634 million yen (YoY -19.3%), Other businesses 3,352 million yen (YoY +9.8%)
Depreciation and amortization150,272 million yen
Disclosure regarding the going concern assumptionNot applicable
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Not disclosed / Excluded 12 companies (スバル信州株式会社, 岐阜スバル自動車株式会社, 京都スバル自動車株式会社, 西九州スバル株式会社, and 8 other domestic Subaru sales subsidiaries)
Material subsequent eventsNone
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Analysts and institutional investors
Issued Shares at Period-End717,335,273
Treasury Shares at Period-End27,941,896
Factors Behind Changes in Business PerformanceProfit increased due to the impact of the weaker yen, an improved price mix, the reduced impact of U.S. tariffs, cost reductions and lower warranty repair costs, while higher raw material costs, deteriorating market conditions, lower unit sales and higher sales incentives weighed on profit.
Items this document does not state (8)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossBreakdown of extraordinary income (loss)

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Revenue increased due to the impact of the weaker yen and an improved price mix. Operating profit increased due to the impact of the weaker yen, the reduced impact of U.S. tariffs, cost reductions and lower warranty repair costs, despite factors including lower unit sales and higher sales incentives.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [IFRS] (Consolidated) | SUBARU CORPORATION (7270) timely disclosure | Komori